News
Ripe takes Alan Thomas from Simply Business as CEO
Digital MGA Ripe has swooped for Alan Thomas, the former UK CEO at Simply Business, as its new boss.
Alps teams up with Fortega on GAP sales
Fortegra Europe Insurance has partnered with Alps for the distribution of Guaranteed Asset Protection insurance.
Dual UK buys MGA International Passenger Protection
Dual UK has signed up to buy managing general agent International Passenger Protection, which provides cover against insolvency of travel operators or other related suppliers.
MGA Arkel secures £25m of new Lloyd’s capacity
Arkel has secured an additional £25m delegated authority binder with Axis for landlords’ let property.
Aon names Rob Kemp as head of commercial risk for the UK
Rob Kemp will switch to be head of commercial risk solutions for the UK at Aon on 1 October, the broker has confirmed.
MGA expands into transactional liability following first acquisition
Rising Edge has signed an agreement to acquire AMANIKI GmbH enabling the MGA to launch a suite of transactional liability insurance products.
People Moves: 26 - 30 August 2024
Keep up to date on the latest personnel changes in insurance.
Axa reveals 106.3% UK COR for 2023
Axa Insurance UK has posted an improved 106.3% combined operating ratio for 2023, trimming it from 109.8% the year before.
Loss adjusters in spotlight as FOS buildings insurance complaints hit 10-year high
The number of buildings insurance complaints filed to the Financial Ombudsman Service hit a record quarterly high of 2001 between April and June.
Motor FOS complaints stable in Q1 as ombudsman’s workload surges
Car and motorcycle insurance complaints to the Financial Ombudsman Service rose fractionally to 3,940 in the first quarter of the financial year as the overall workload soared by 70%.
JMG adds to Yorkshire roots with C P Bennet buy
Leeds-headquartered JMG Group has bought Bridlington-based commercial and personal lines insurance broker C P Bennet.
Ageas delivers 49% growth in UK premiums
Ageas boosted UK gross written premiums by 49% in the first half of 2024 to €992m (£835m) citing customer growth and rate increases primarily in motor with “solid underwriting profitability”.
Home quote prices turn downwards – Consumer Intelligence
The average quoted premiums for buildings and contents insurance fell by 1.1% in the three months to the end of July, according to research by Consumer Intelligence.
Specialist Risk Group grows taxi book with latest buy
Specialist Risk Group has acquired the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987.
Biba and Flood Re team up on BBB regional push
Flood Re has teamed up with the British Insurance Brokers’ Association as part of its plans to develop wider understanding across the broking community about the mechanics and benefits of the Build Back Better scheme.
AbbeyAutoline grows apprenticeship programme with new recruitment drive
Northern Ireland based broker AbbeyAutoline has launched a recruitment drive for school leavers and young professionals to join its established apprenticeship programme.
Stait takes interim charge of Allianz mid-market business after Carey departure
Allianz has moved to replace Ecclesiastical-bound Dave Carey with interim managing director for mid-market Graham Stait, pictured, effective from today and subject to regulatory approval.
Carey quits Allianz to become Ecclesiastical intermediary MD
Ecclesiastical Insurance has appointed Dave Carey as the new managing director of its intermediary business, to join in February 2025.
Clear makes fourth broker buy of 2024 with South-East swoop
Clear Group has acquired Leatherhead-based insurance broker R T Waters.
People Moves: 19 – 23 August 2024
Stay in the loop with the latest insurance personnel moves.
Tributes paid to “excellent chair” and “inspiration to many” Jonathan Bloomer
Hiscox and DWF have paid tribute to insurance and financial services veteran Jonathan Bloomer following his passing.
Hiscox chair Bloomer confirmed dead as body recovered after yacht sinking
Hiscox chairman Jonathan Bloomer’s body has been confirmed among the five recovered yesterday following the sinking of the Bayesian yacht on Monday.
Broker HNW clients less concerned about underinsurance than a year ago
More than a third (35%) of wealthy individuals admit they can’t remember the last time they had their art and collections valued, offering brokers a great opportunity to talk to their high net worth customers.
FCA warns it might repeat GAP intervention in other product sectors
The Financial Conduct Authority has said that it might need to repeat the intervention it has taken in the guaranteed asset protection [GAP] market in other sectors.