News
HDI recruits new director of underwriting and cyber lead from Chubb
HDI Global has made several senior appointments in its UK & Ireland branch, including a new director of underwriting, Antonia Osborne.
Ghost broker sentenced after pocketing £302,000
A ghost broker who charged more than 900 motorists up to £300 each for fraudulent motor insurance policies has been sentenced.
UK commercial hardening drops to 1%
Insurance pricing in the UK commercial market rose by only 1% in the second quarter of 2023, according to Marsh, its lowest rate since Q4 2018.
Lockton names Shelley Wright head of UK commercial wholesale ahead of David Lee retiring
Lockton has appointed Shelley Wright as head of UK commercial wholesale joining from Swiss Re to succeed David Lee who will be retiring in the next 12 months.
Biba adds Sparkes and Chapman to board
The British Insurance Brokers’ Association has unveiled a pair of appointments to its main board and broadened access to it.
Gallagher's organic growth hits 11%
Gallagher has posted 11% organic growth for the second quarter of 2023 in its UK & Ireland retail division.
Pen spins out UK financial lines and liability arm with Manchester as chair
Managing general agent Pen Underwriting has today announced some changes to its structure, which sees Manchester Underwriting Management founder and CEO Charles Manchester become chair of a new division.
People Moves: 24 – 28 July 2023
Stay in the loop with the latest insurance personnel moves.
Foley confirms Fleming as interim Axa Retail boss
Soon-to-be Axa UK and Ireland CEO Tara Foley has revealed the appointment of her successor, naming Anna Fleming as interim Axa Retail CEO.
Former Hastings boss Neil Utley leads £2.7m insurtech investment round
Insurance data intelligence provider Percayso Inform has secured a second round of investment with a £2.7m fundraise led by industry veteran Neil Utley, and its existing venture capital investor Praetura Ventures.
Hobbs adds two senior roles as part of Allianz Commercial shake-up
Allianz Commercial has created two new senior roles following the appointment of Nick Hobbs as chief distribution officer.
HSB seeks to bolster broker engagement with Stacey Sheridan promotion
HSB has promoted Stacey Sheridan to network relationship manager as it looks to strengthen its broker proposition.
Only 32% of SME brokers understand ESG aims – CII research
Fewer than a third of staff at small brokers understand the environmental, social and governance (ESG) goals of their firm, according to the research from the Chartered Insurance Institute.
WTW takes Lucy Clarke from Marsh as risk and broking president
WTW has swooped for Marsh’s Lucy Clarke as its new president of risk and broking.
Arch UK promotes Julie Collins to Bristol branch manager
Arch UK regional division has promoted Julie Collins to branch manager in Bristol, succeeding Ruth Hitchcox who has been named national production improvement lead.
Insurance drives half-year revenue growth at Moneysupermarket
Moneysupermarket grew insurance revenue by 23% in the first six months of the year to £105.6m.
Aviva buys Barclays’ home insurance book
Aviva has signed up to buy Barclays UK’s 350,000 strong home insurance portfolio.
Biba adds wellbeing and employee benefits provider to associates roster
The British Insurance Brokers’ Association has added wellbeing and employee benefits provider Vivup as an associate, bringing its total of associates and partners to 68.
Allianz Trade launches protection against employee fraud and external scams
Allianz Trade has launched a standalone fraud insurance product to help businesses combat the post-Covid-19 pandemic rise in employee fraud and external scams in the UK.
People Moves: 17 – 21 July 2023
Keep up to date with the latest insurance personnel moves.
Tara Foley to succeed Gienal as Axa UK & Ireland CEO
Axa has appointed Tara Foley as UK & Ireland CEO, succeeding Claudio Gienal.
Motorbike market is stable despite MCE downfall – brokers
Motorbike brokers believe the market is stable despite MCE’s broking business entering administration on Monday.
‘Start-up brokers have boomed’ – Movo beats 2023 targets early
The Movo Partnership, a specialist in helping launch appointed representatives, now has 92 brokers signed up, beating its year-end targets six months ahead of schedule.
FSCS broker pot compensation costs drop to £2m
The Financial Services Compensation Scheme paid out £2m in general insurance distribution compensation costs in the year ended 31 March 2023 – a £5m drop on the previous 12 months.