Commercial
AM Best sees positive implications for Folgate rating after Hadron deal
AM Best is reviewing the ratings of Folgate Insurance after the takeover by Hadron, flagging Folgate is expected to be “strategically important” to the US hybrid carrier.
US insurer Hadron enters UK market with Folgate takeover
Hybrid carrier Hadron, which launched in 2023, has bought Folgate Insurance Company for an undisclosed sum.
Jensten strikes first deal of 2024 with Home Counties buy
Jensten has bought community broker Melville Burbage, its first deal of 2024.
JMG Group’s Astute makes first buy with property specialist
Astute Insurance Solutions has bought property specialist Sandhouse Insurance in its first deal since becoming part of JMG Group in 2022.
RSA launches resource hub for broker profin clients
RSA Insurance has launched a bespoke online resource hub to help broker clients protect and manage their business.
Aviva boosts group accident and travel products with wellbeing package
Aviva has added mental health support to its group personal accident and business travel products in a move it labelled “a first for the industry”.
Ardonagh strikes deal to sell Robus to Strategic Risk Solutions
Ardonagh has agreed to sell captive and insurance management group Robus to insurance company manager Strategic Risk Solutions.
Howden buys AHR Consultants
Howden has bought Rugby-based AHR Consultants, bolstering its risk management capabilities in the UK.
NBS launches excess of loss liability insurance
NBS Underwriting has launched excess of loss liability insurance in a move it flagged enables brokers to offer an additional £5m of public liability cover beyond primary level limits.
Administrators appointed at insurtech Humn after sale fail
Commercial motor insurtech Humn has appointed administrators after a failed Series B fund raise and aborted efforts to sell its assets.
Fitch: Improving outlook for insurers but no room for complacency
The effect of “baked in” pricing improvements and easing economic headwinds gives an improving outlook for insurers this year, but will only make it less bad than 2023, according to Fitch.
Gallagher hails 8% Q4 organic growth in retail
Gallagher grew UK and Ireland retail business by 8% organically in the final quarter of 2023, while the specialty division achieved a 16% organic uplift, the broker has confirmed.
Interview: Carolyn Callan, Brown & Brown
Three months into the role at her “forever” home of Brown & Brown, Carolyn Callan explains her plans and priorities to Emmanuel Kenning.
Brown & Brown rolls out on Acturis
Brown & Brown is moving its retail platform to Acturis, Insurance Age can reveal.
Brunel adds PI broker to group
The Brunel Group has set up a professional indemnity insurance broker with a focus on UK professional firms.
Waste management and recycling plant insurance – a market short on capacity
Media stories of massive premium hikes highlight issues in the waste management and recycling insurance market.
Premium finance brings businesses benefits beyond instalments
A new survey, conducted by Insurance Age and Close Brothers Premium Finance, reveals that while most commercial brokers discuss premium finance with their clients, they do not always highlight other key advantages beyond spreading the cost. Rachel Gordon…
Jensten deal spend tops £70m as losses widen
Jensten’s post-tax losses worsened to £32.8m in the year ended 31 March 2023, from £21.5m the year before.
Tech and innovation to the fore for property risks, says Lockton leader Warman
Pushing forward on technology and innovation will be front and centre this year, according to global real estate practice leader at Lockton, Ben Warman, who also revealed his expectations on market hardening in 2024.
Canopius launches investment management cover
Canopius Group has launched an investment management product for asset managers, with the aim of responding to shifts in the risk landscape in the highly-regulated asset management sector.
MGA expands D&O offering with NED Protect
Rising Edge has expanded its commercial D&O offering to include a new product, tailored exclusively for non-executive directors.
Aurora pushes on broker relationships with new hire ahead of product launch
Aurora has appointed Tom Willmore to a newly-created broker-facing role as it committed to launching a commercial combined offering this spring, amid a drive to be a one-stop shop for brokers.
Tony Buss to lead merged Arag and Das UK business as deal completes
Arag Group has announced that its UK boss, Tony Buss, pictured, will lead the new enlarged legal expenses business, having completed the acquisition of Das UK from German insurance group ERG Versicherung AG.
Allianz drops LV brand in broker channel
Allianz will rebrand LV Broker in May, the insurer has confirmed.