Canada
Intact invests in Top 100 UK Broker Adler Fairways’ owner UKGI Group
The parent company of Top 100 UK insurance broker Adler Fairways has secured financial backing from Intact Financial Corporation, Insurance Age can reveal.
CRC signs up to buy Atrium
US firm CRC Group has signed up to buy Lloyd’s insurer Atrium, in a deal expected to close in the third quarter of this year.
Applied’s UK Epic withdrawal a “sad day” for brokers
Applied Systems pulling its Epic offering from the UK underlines how competitive the market is but is sad news for brokers and staff, according to experts.
Brown & Brown announces major acquisition
Brown & Brown has entered into an agreement to acquire RSC Topco, Inc, the holding company for Accession, the ninth largest privately held insurance brokerage in the United States, for $9.83bn (£7.3bn).
RSA confirms rebrand to Intact
RSA will rebrand and change its trading name to Intact Insurance by the end of 2025.
Pen Underwriting extends cover for recruitment agencies
Pen Underwriting has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies.
Ecclesiastical grows 11% in half year as UK and Ireland COR tumbles to 84.2%
Ecclesiastical Insurance achieved £18m of underwriting profit on UK and Ireland business in the first half of 2024 as its combined operating ratio improved substantially to 84.2% from 106.6% in the same period of 2023.
Axa UK & Ireland looks to Aviva for new CRO
Axa UK & Ireland has appointed Rahul Gumber as chief risk officer, subject to regulatory approval.
R&Q opts for provisional liquidation
Accredited owner R&Q Insurance Holdings has decided to file for provisional liquidation in Bermuda and sell the fronting business through that route.
R&Q ponders liquidation route as Accredited sale to Onex drags on
Accredited owner R&Q Insurance Holdings has confirmed the possibility of filing for a provisional liquidation in Bermuda and then completing the sale of Accredited to Onex through that process.
Personal lines the stand out as Aviva UK GI GWP jumps 19% in Q1
Aviva has revealed that its UK personal lines business was up 27% in the first quarter of 2024 contributing to a 19% hike in general insurance premiums to £1.7bn.
Applied Systems investigated over alleged anti-competitive conduct
The Canadian Competition Bureau has gained a court order to progress a civil investigation into alleged anti-competitive conduct by Applied Systems and its affiliates.
Applied Net 23: Priority number one has been, is, and will be commercial – says Europe CEO Tom Needs
Achieving parity with competitors on commercial panel size, and boosting the Epic broker base to 150 in the UK, are the twin targets for Applied Systems Europe in 2024, CEO Tom Needs has confirmed.
Accredited downgrade threat on hold as R&Q agrees $465m sale to Onex
R&Q Insurance Holdings has entered into a conditional agreement with Canadian investment business Onex Corporation to sell 100% of the equity interest in its front business Accredited.
R&Q in ‘advanced’ talks for sale of Policy Expert capacity backer Accredited
R&Q Insurance Holdings has admitted that it is in advanced discussions with Canadian investment business Onex for the sale of its fronting business Accredited.
Editor’s letter: CEO Storah continues Aviva’s ‘entente cordiale’ with Canada
When Aviva needs a new UK and Ireland boss, Canada has become something of a go-to market.
Canadian brokers praise ‘fantastic leader’ Storah ahead of move to become Aviva UK CEO
UK and Irish insurance brokers can expect their new local Aviva CEO to be an ‘enabler’ who ’understands the importance of strong broker relationships,’ according to their counterparts in Canada.
Brokers urge new Aviva boss Storah to focus on empowerment
Incoming Aviva UK & Ireland GI boss Jason Storah has the chance to build on “solid” foundations and push ahead to deliver more empowered decision-making in the regional market, according to brokers.
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.
Ecclesiastical UK & Ireland COR stable as investment losses drive group deficit in 2022
Ecclesiastical Insurance grew gross written premiums in the UK and Ireland by 16% in 2022 to £344.8m, the provider has revealed.
Applied Systems targets UK "number one" status drawing on US strength
Speaking to sister-title Post at the Applied Net conference in Nashville, CEO of Applied Europe, Tom Needs said having a US arm allowed the UK and Ireland business to experiment and innovate more.