United Kingdom (UK)
MGA Landmark Underwriting enters property market
Landmark Underwriting has secured a property binding authority with AmTrust International for excess insurance and reinsurance business.
Aston Lark adds HNW book as partner moves across from Vizion
Howden-owned Aston Lark has recruited George Seatter as a client director within its private client division, bringing with him the client base he developed as a partner at Vizion.
Tokio Marine Kiln targets cyber growth with new division
Tokio Marine Kiln has set up a stand-alone cyber and enterprise risk division as part of its effort to expand its presence in the cyber market.
Blog: Is a coming revolution in employee competition law set to rock the broker sector?
In light of the government’s plans to reform non-compete covenants, Anna Birtwistle, a partner at Farrer & Co, reflects on the potential for ‘seismic’ change in broker recruitment.
Bronek Masojada joins Scott Egan at SiriusPoint as chair
SiriusPoint has appointed former Hiscox boss Bronek Masojada as chair of the board of directors, teaming up with ex-RSA leader Scott Egan.
CEO Hardie anticipating Jensten sale within 18 months
“At some point in the next 12-18 months I think we will have a different investor in the business with or without Livingbridge remaining,” Jensten Group CEO Alistair Hardie has told Insurance Age.
ERS and Acturis team up on full-cycle API car product for brokers
Acturis and specialist motor insurer ERS have launched an API based car insurance product for brokers on the software provider’s platform which replaces legacy EDI messaging.
People Moves: 30 May – 2 June 2023
Stay in the loop with the latest personnel moves in insurance.
Brokerbility adds A-One as member
A-One Insurance Group has joined Brokerbility, becoming the first member to sign up after the network unveiled a refreshed proposition in April.
Ardonagh expands into Greece
The Ardonagh Group has signed up to buy a majority stake in Athens-based SRS Group of Companies.
Allianz Commercial boss Simon McGinn to leave
Allianz Commercial CEO Simon McGinn is to leave the business on 1 July, the insurer announced today.
Markerstudy maintains motor capacity amid Italian insurer cutbacks
Markerstudy-owned Clegg Gifford has maintained its capacity with insurer Unipol, although uncertainty remains about the Italian provider’s commitment to the UK market.
Jensten Group buys up Coversure member
The Jensten Group has bought the Coversure Poole Group for an undisclosed amount.
Interview: Melissa Collett
Melissa Collett left the CII at the end of May. A champion of professionalism and customer fairness, she has some wise words for an insurance industry on the brink of change.
US cannabis-focused MGU CannGen Insurance opens in Europe
North American managing general underwriter, CannGen Insurance Services, has launched a European operation citing an expectation that the continent’s legal cannabis market will grow quickly.
Verisk targets brokers and MGAs with Morning Data buy
Global data analytics and technology provider Verisk has bought Morning Data, a supplier of software to brokers and managing general agents in London and across the world.
Howden taps into Ingenie for UK telematics roll out
International broker Howden has announced the UK launch of Howden Drive, its telematics app and data beacon, which aims to help reduce premiums for policyholders, optimise loss ratios for brokers and insurers, and improve road safety.
Vizion names Russell Sessions MD as John Sims steps up to chair
Russell Sessions has been appointed managing director at broker Vizion, succeeding John Sims.
Home quote prices jump 9.3% in three months
The average quoted price for home insurance rose by 6.7% in the past year to April – the highest annual increase since 2018, the latest Consumer Intelligence Home Insurance Price Index has revealed.
Insurtech ILS specialist eyes capacity entrance into UK motor broking
Insurance-linked securities specialist Ledger is eyeing an entrance into UK motor, backing managing general agents.
Hiscox adds former Prudential CEO Jonathan Bloomer as chair
Hiscox has appointed Jonathan Bloomer as chair designate, joining the board on 1 June 2023, and succeeding Robert Childs, who will retire on 1 July 2023.
Howden employee shareholder count reaches 4,500 as another 1,000 invest
Howden has revealed 1,000 employees invested in the company for the first time through its 2023 internal share offer scheme, taking staff shareholders to approximately 4,500.
Blog: How email addresses can help the crackdown on ghost broking
Brokers have an important weapon in the fight against application fraud – the humble email address – as LexisNexis Risk Solutions director Louise Johnson explains.
Treasury Committee calls for consumer questions ahead of sector grilling
The Treasury Committee has called on the public to submit questions ahead of an evidence session with insurance bosses, as it warned of hearing ‘anecdotal evidence’ in recent months of premiums rising faster than inflation, insurers refusing to pay out,…