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Ardonagh valued at $7.5bn as it reveals fresh investment
The Abu Dhabi Investment Authority joins group of investors alongside existing shareholders MDP and HPS.
Applied Systems reveals brokers' top digital trends
In its annual digital broker survey, the software provider unveils that 66% of brokers have a digital strategy in place while only 30% are integrating data analytics to gain business insight.
Kingfisher and Fresh sellers settle
The two parties have resolved the dispute which was launched by Kingfisher in 2020.
Prestige to make £3m investment in fresh brand
The brand will see 60 jobs made available in the provider's technical, product management, customer support, and marketing departments.
Allianz names risk director for personal lines
José Morago, former group risk director at Aviva, will join the insurer following a series of management changes.
Sampo buys out Rand for Hastings
The £685m deal sees Sampo pay £1.85bn for 100% of the share capital.
News analysis: How climate change impacts risk development
Brokers tell Insurance Age about the way the risk landscape has morphed as a result of climate change and what advice they should be sharing with clients.
FCA to introduce consumer duty to drive “fundamental shift” in industry mindset
The regulator has launched a consultation on the duty, which was first flagged in May this year, as it seeks to increase consumer protection and tackle harm.
Kroll reverses “reckless” MCE MTA decision
The administrator will now allow the provider to process mid-term adjustments.
MCE: Edwards hits out at administrator over MTA u-turn
MCE Edwards says he is “ashamed of the profession” and warns that the decision could impact vulnerable customers.
Interview: Sara Fardon – Willis Towers Watson Networks
After taking home this year’s Achievement Award at Broker Expo 2021, Sara Fardon, managing director Willis Networks, talks to Insurance Age about her career in insurance and the value of broker networks.
Ardonagh Retail names chairman
Andy Higginson will join the broker's retail business, working closely with Ardonagh Retail CEO Ian Donaldson, Atlanta CEO Emma Rawlinson, and chief commercial officer Craig Ball.
People Moves: 29 November - 3 December 2021
Keep up to date with the latest industry moves.
Gibraltar regulator denies accusations from MCE
MCE criticised the regulator earlier this week after its Gibraltar-based insurance arm went into run-off.
Zurich unveils flood resilience initiative
Insurer says it has transformed the way it handles flood claims for both direct and broker business following a warning by the Environment Agency (EA) that the UK must “adapt or die” to climate change.
AbbeyAutoline strives for growth in commercial
Jackie Elliott talks to Insurance Age about her new role as commercial director and gives insight into the state of the market and the company’s plans for the future.
MCE slams Gibraltar regulator after insurer arm goes into run-off
MCE condemns GFSC for applying capital add-ons on its Gibraltar-based insurance company, which went into run-off on 5 November.
RSA boosts employee benefits
The insurer develops staff proposition by improving its maternity and adoption, paternal, and shared parental leave policies.
Ardonagh reports growth in income in Q3 2021 update
Consolidator says it completed £125m of investment in Q3 including its purchase of Usay Group in the UK, as it reports significant reduction in loss for the first nine months of the year.
FSCS confirms MCE Insurance Company has failed
The Gibraltar-based business went into run-off on 5 November, citing difficulties with Solvency II, while the UK-headquartered division of the company has signed a fresh capacity deal with Sabre.
Ex Be Wiser boss Mark Bower-Dyke launches consultancy firm
Bower-Dyke tells Insurance Age about his plans for the new venture and discusses why he believes there was a gap in the market for quality advice.
Capacity and insurer relationships key priorities for broker space
Acrisure carried out a review of the broking sector, highlighting firms’ top priorities, challenges, and M&A appetite.
Ascend Broking buys SMP Healthcare
Ascend has set its sights on achieving £22-£25m in GWP over the next 24 months and flagged that a further three deals are in the pipeline.
Broker Expo: How can the industry solve its reputation problem?
Broker Expo’s panel discussion on the evolution of reputation management shed light on the issues that led to the BI test case and asked how brokers and insurers can improve their service.