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LV confirms 300 redundancies following L&G takeover
CEO Steve Treloar explains the consultation process is now complete after the provider last year put up to 600 roles from across LV and L&G at risk as part of a restructure.
Analysis: Are we moving towards market failure for high-rise buildings?
PI and property rates were hit hard following the Grenfell fire horror. Martin Friel investigates the wider insurance implications but is met with deafening silence from providers as brokers sound the alarm.
Rock develops underwriting agency to target brokers
Tigon focuses on travel and Covid-19 cancellation cover as Rock seeks to diversify.
"Bold move" for GRP as it buys Marsh's UK Networks business
The takeover, which includes Marsh ProBroker, Bluefin Network and Purple Partnership, will see David Hopwood continue to lead the combined networks business as part of the GRP executive team, as group CEO Mike Bruce promises there will be no redundancies.
Peter Hubbard exits Be Wiser
The move follows staff at the motor broker being put under consultation last week.
Simply Business teams up with Equipsme for health plan push
Simply Business has partnered with insurtech MGA Equipsme to allow its customers to directly purchase health insurance plans online for the first time.
Be Wiser to slash staff numbers amid restructure
All 280 staff are under consultation as the business looks to reorganise following a series of losses and a "tough" pandemic.
Zurich UK reports 75% fall in GI operating profit for 2020
Combined operating ratio for the UK business deteriorated to 97.8%, but GWP was up by 11%.
Intact's RSA takeover "on track" to complete in Q2 2021
RSA shareholders voted to approve the deal last month.
Kingfisher denies "bad faith" dismissals amid legal row with Fresh-sellers
The dispute centres around accusations of misconduct, data breaches and misuse of the MyLicence platform at Fresh, which was bought by Kingfisher in 2018.
Reported ghost broking cases rose by nearly 10% in 2020
IFED warns of ghost brokers exploiting the pandemic, with fraudsters targeting victims on social media.
Blog: Managing virtual business risk in the fine art market
Covid-19 has resulted in a rapidly evolving risk landscape for fine art organisations. Beazley's Simon Aitchison argues clients need to work closely with their insurance brokers and insurers to identify these new risks the face, and ensure that they have…
Blog: A broker reflection on pandemic cover
James Hallam’s Colin Watts calls for common sense and explains that, during a long career in insurance, the risk of pandemic has never been proposed as an insurable product.
Private equity behind 71% of UK broker deals in 2020
Exclusive: Mazars' Simon Fitzsimmons discusses why the broking sector is attractive to private equity and international investment and predicts we will see fewer larger deals in 2021.
Government seeks views on changes to Flood Re
The proposals include giving Flood Re the ability to offer discounted premiums to households that have fitted flood resilience measures to their property.
Complete Cover Group reveals return to profit in 2019
The broker's turnover fell but adjusted Ebitda grew in 2019 according to its latest set of financial results, as the business also comments on its sale to Ormiston Holdco in early 2020.
Biba Travel Medical Insurance Directory approved by FCA
The document has been designed to help brokers comply with regulatory obligations.
Howden to buy in the UK as it confirms £500m war chest
CEO David Howden hopes A-Plan will help attract UK brokers who do not want to join the "traditional aggregators" as it explores deals of all sizes.
Prometheus Insurance falls into administration
The Gibraltar-based insurer, also known as Tradewise Insurance Company, which went into run-off last year, cannot meet claims in full.
Guide launched to aid inclusive policy design
Insurance Cares: The document has been developed by Fair By Design with input for providers and regulators and has been created to help vulnerable customers.
Markerstudy in £200m investment deal led by Pollen Street Capital
QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
Howden reveals organic growth of 6% and rising revenues
The broking group says it has facilities of over £300m to support growth and acquisitions, as it looks to make more deals in the retail space and to grow its MGA arm, Dual.
PIB sold to Apax funds
The investment is set to “accelerate strategic M&A” for the broker as it is also confirmed that former backer, the Carlyle Group, has retained a minority stake in the business.
Head Lines: Zurich offers counselling to all claimants
Brokered and direct customers will be offered access to five counselling sessions if they claim.