News
Gallagher firm business model challenged amid FCA property commission crackdown
Gallagher-owned Artex could find its business model in the UK property sector challenged after the latest regulatory crackdown, it was claimed.
FCA sets out whistleblower commitments
The Financial Conduct Authority has unveiled a series of actions to boost whistleblowers’ confidence.
Biba renews Lockton PI partnership
The British Insurance Brokers’ Association has renewed its professional indemnity accredited broker contract with Lockton for a further three years.
People Moves: 2 – 5 May 2023
Keep up-to-date with personnel moves within the insurance industry.
FR Ball buys Export and General
Abergavenny-headquartered FR Ball has purchased London-based broker Export and General Insurance Services.
Broker Insights rolls out tech upgrade as it covers 20% of broker market
Broker Insights has rolled out a technology upgrade, as it hits a key milestone of covering more than £2bn of commercial gross written premium.
Ecclesiastical appoints underwriting director from Aviva
Ecclesiastical Insurance has hired Marc Lewis as underwriting director for the UK.
SRG adds to MGA offering with medical professional liability specialist
Specialist Risk Group has bought London and Gibraltar-based The Medical Professional Liability Company.
Pikl partners with Prestige Underwriting on short-term products
Sharing economy specialist Pikl and Prestige Underwriting have signed a distribution partnership.
Provenance teams up with Redline on supercars
Benefact Group broker Provenance Insurance Brokers has signed up with North Yorkshire based supercar, prestige and performance car retail group Redline Specialist Cars.
Sicsic Advisory becomes Biba associate
Regulatory and risk consultancy Sicsic Advisory has become an associate of the British Insurance Brokers’ Association.
Allianz Commercial grows broker-facing team with two appointments
Allianz Commercial has promoted two broker segment managers tasked with growing its broker business in the UK.
QBE makes four appointments in regional restructure
QBE has appointed four heads of trading as part of a regional push in the UK.
Zurich launches new broker proposition
Zurich has unveiled a new broker club called Zurich Club Blue.
Sky aims to shake up home insurance with Zurich-backed product
Sky is launching a new smart home protection service, offering comprehensive home insurance and smart home technology worth £250.
RSA launches new comprehensive product to cover superyachts
RSA has launched a new practice to cover superyachts, and appoints Emily Grew will join as senior yacht underwriter.
Ex-FCA leader Salter joins Sicsic Advisory
Former Financial Conduct Authority director Philip Salter has joined strategic risk and regulatory consultancy Sicsic Advisory as a senior adviser.
Allianz to help brokers with underinsurance concerns
Brokers are requesting additional insurer support on valuations of businesses including SMEs according to director of digital trading at Allianz UK, Helen Bryant.
Gallagher reveals retail and specialty organic growth
Gallagher’s UK & Ireland retail division achieved 7% organic growth in the first quarter of 2023, the global broking giant has revealed.
Zurich research pinpoints flexible working as antidote to older worker exodus
A lack of flexible job opportunities is the main obstacle preventing over-50s from staying in the workforce longer, according to Zurich.
AIG’s HNW MGA tie-up with Stone Point set to start trading in Q3
AIG has finalised its agreement with private equity firm Stone Point Capital to create managing general agent Private Client Select Insurance Services with an expected start date for trading of the third quarter 2023, the insurer has confirmed.
People Moves: 24 – 27 April 2023
Keep up-to-date with personnel moves within the insurance industry.
UK commercial insurance price rises ease again in Q1 – Marsh
Commercial insurance pricing in the UK rose by 3% in the first quarter of the year, down slightly on the 4% uplift in the final quarter of 2022, according to research by Marsh.
Peter Blanc outlines priorities in new Howden M&A role
Peter Blanc outlined his priorities in his new role as head of mergers and acquisitions at Howden.