News
WTW expands GB operations with two leaders and new Cardiff office
WTW has appointed Chris Milnes to run the North and Scotland.
Lloyd’s more than doubles half-year underwriting profits and grows GWP
Lloyd’s more than doubled underwriting profits in the first half of the year to £2.5bn from £1.2bn in the same period of 2022.
RSA swoops for NIG and FarmWeb in £520m deal
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line Insurance Group to acquire its brokered commercial lines operations, including NIG and FarmWeb.
Cowbell launches SME focused cyber insurance in UK
US cyber expert Cowbell has rolled out its standalone cyber insurance offering to the UK, Cowbell Prime One, aimed at SMEs and mid-market businesses.
Marsh names Nick Harris as CEO of UK retail
Marsh McLennan has appointed Nick Harris as CEO of UK retail at Marsh, taking up the role on 1 January 2024.
Motor payouts hit record £2.5bn in Q2, says ABI
Insurers paid out £2.5bn in motor claims in the second quarter of this year, according to the Association of British Insurers, the highest quarterly figure since it started collecting data in 2013.
Gallagher snaps up leisure and holiday broker Lifesure Group
Gallagher has gained ‘additional scale’ in the leisure sector following the purchase of a specialist broker.
Castle strikes second deal under GRP with Square Circle buy
Castle Insurance has bought 100% of Square Circle Brokers in its second buy since becoming Global Risk Partners’ North-East hub in May 2022.
MGA aims for European growth following management buyout
OneAdvent has completed a management buyout led by managing director Tim Quayle.
Ex-Allianz Commercial boss McGinn to become Dual UK CEO
Dual today announced the appointment of Simon McGinn as CEO of its UK business, subject to regulatory approval.
Aviva swoops for Zurich PL & MGA boss Gambrell as Martin builds out team
Aviva has added two new appointments to its distribution team, including a swoop for Zurich’s personal lines and MGA boss.
Gallagher unveils new retail cyber head Sam Cheshire
Gallagher has appointed Sam Cheshire as head of cyber for its UK & Ireland retail division.
Stuart Reid adds MGA to his NED portfolio
Insurtech MGA, Qlaims, has recruited Stuart Reid as a non-executive director.
Ardonagh completes deal for HNW broker and MGA
Ardonagh Advisory has completed its deal to acquire high net worth broker Stanhope Cooper, and MGA Renovation Underwriting, following an earlier agreement to acquire a majority shareholding in the businesses.
Zurich grows graduate programme
Zurich UK has increased its number of graduate opportunities for 2023 while creating new “green graduate” roles in the renewable energy space.
Direct Line customers in line for £30m refund as insurer reviews past pricing in regulatory first
Direct Line has agreed to a voluntary review of previous home and motor insurance pricing having charged some customers more for their renewal than they would have done if they were a new customer, the Financial Conduct Authority has confirmed.
People Moves: 29 August – 1 September 2023
Stay in the loop with the latest insurance personnel moves.
Aviva Canada CEO Jason Storah to replace Winslow as UK and Ireland boss
Aviva has appointed Jason Storah as CEO of UK & Ireland General Insurance.
Direct Line takes Adam Winslow from Aviva as group CEO
Direct Line Group has swooped for Aviva’s UK & Ireland GI CEO Adam Winslow as its new chief executive.
Kingfisher snaps up Shepherd Compello motorsport book
Kingfisher Insurance has bought the motorsport book of Lloyd’s broker Shepherd Compello.
Aqueous launches solicitors’ excess layers product
Managing general agent Aqueous Underwriting has secured A+ rated capacity for solicitors on an excess layer basis only, a move it said responded to broker demand in an “underserviced” market.
Aston Lark buys Curtis Marine
Howden-owned Aston Lark has bought Plymouth-based marine insurance broker, Curtis Marine.
Biba, ABI and government renew age signposting insurance agreement as enquiries top one million
The British Insurance Brokers’ Association has confirmed the renewal of the signposting agreement with the government and the Association of British Insurers to help older people find car or travel cover.
Qlaims updates commercial lines offering
Qlaims has enhanced its commercial lines claims assistance services, following feedback from brokers.