News
Tokio Marine Kiln names new CEO
Tokio Marine Kiln has appointed Matthew Shaw as its new CEO, succeeding Brad Irick with effect from 1 April, subject to regulatory approval.
People Moves: 12 – 16 February 2024
Keep up to date on the latest personnel changes in insurance.
Simon McGinn builds Dual team with Allianz’s Catherine Dixon as CUO
Dual UK has appointed Catherine Dixon as chief underwriting officer and Rob Corner to the new role of chief distribution officer, reporting to CEO Simon McGinn.
Enness Global targets HNW insurance
Enness Global, the firm of international advisers and mortgage brokers for high-net-worth individuals, has launched a range of insurance services through Enness Insurance Brokers.
Allianz creates financial lines claims team in D&O and PI push with brokers
Allianz has created an in-house financial lines claims team covering mid-corp and SME firms, focusing on directors & officers and professional indemnity business.
GI & Protection accounted for 4% of FCA financial promotions cases in Q4
The Financial Conduct Authority intervened to get 10,008 financial adverts and other promotions withdrawn or changed in 2023, a year-on-year rise of 17%.
TBIG takes stake in Jenkinson Insurance and Penk Insurance
The Broker Investment Group has taken a 49% stake in both Rotherham-based Jenkinson Insurance and Chesterfield-based Penk Insurance.
Acturis seals personal lines win with First2Protect
Acturis has partnered with home, landlord and tenant insurance broker First2Protect after a competitive tender process.
GBN Worldwide launches broker and MGA in UK
GBN Worldwide, a global insurance network, has launched a London-based independent broker and managing general agent GBN Risk Solutions.
Brokers updated on RSA purchase of NIG
Between May and July, NIG will transfer people, premises and assets and then start to move customers to RSA in a phased approach expected to be completed in Q3 2025.
Ex-Hiscox leader Jodi Cartwright joins Tint Financial in broking push
London-based fintech Tint Financial Services has appointed former Hiscox distribution director Jodi Cartwright as chief commercial officer as it builds a broking arm, Insurance Age can reveal.
Allianz Commercial sees double-digit jump in fraud detection again
Allianz Commercial detected £77.4m worth of claims fraud in 2023 – up from £70.7m in 2022 – with application fraud savings of £1.95m.
Loadsure launches motor truck cargo insurance
Managing general agent Loadsure has launched Columbia, a motor truck cargo and logistics services insurance.
Lloyds Banks’ LDC takes stake in Uinsure
LDC, the private equity arm of Lloyds Banking Group, has invested in Top 100 Broker Uinsure.
GAP insurers suspend sales after FCA concerns on fair value
Insurers covering 80% of the guaranteed asset protection market have agreed to pause sales after a request from the Financial Conduct Authority, the regulator has confirmed.
CFC creates team focused on tax related M&A transactions risks
CFC has established a specialist team to focus on underwriting tax risks connected to merger and acquisition transactions.
MGA to branch out with new life sciences Lloyd’s launch
Asta, through its third-party managing agency at Lloyd’s, has received “in-principle” approval for a new syndicate-in-a-box to deliver a product that aims to accelerate the development of new therapeutic drugs.
People Moves: 5 – 9 February 2024
Stay in the loop with the latest insurance personnel moves.
Prestige expands Northern Ireland presence with Find Insurance NI buy
Prestige Insurance Holdings has completed the purchase of Find Insurance NI as part of a growth strategy to increase its reach and expertise in the Northern Ireland marketplace.
Aviva deal probed by CMA
The Competition & Markets Authority has opened an investigation into the anticipated acquisition by Aviva of AIG Life.
Home premiums up 4% in Q4 2023 – ABI
The average price of home insurance rose 4% in the fourth quarter of 2023, according to the latest Household Premium Tracker from the Association of British Insurers.
House of Lords call for urgent reform of UK regulators
A House of Lords committee has raised concerns over the role of UK regulators, and claimed reform is needed to improve accountability and performance.
NFU Mutual appoints Zoe Knight as first head of commercial
NFU Mutual has named Zoe Knight as its first head of commercial as the insurer looks to push forward in the commercial market.
WTW reports 10% organic broking growth in 2023
WTW has confirmed 10% organic growth in its risk and broking division last year, an improvement on the 3% achieved in 2022.