Credit insurance
Acrisure continues brand rollout with two more brokers adopting name
Acrisure has announced that two of its specialist brokers, FinCred and Building & Land Guarantees (BLG), have adopted the Acrisure brand and will operate under its name as of today (1st September).
PwC highlights pressure on motor, home and specialty insurance from Trump’s tariffs
PwC has warned of higher claims costs, particularly in motor and home, leading to pressure on premium rates due to the US placing new tariffs on its global trading partners.
Broker hails ‘financial firepower’ and ‘skillsets’ of PE partner after selling minority stake
Berry Palmer & Lyle, the specialist credit and political risk insurance broker, has announced today that it has secured investment from private equity firm Preservation Capital Partners.
Brown & Brown buys trade credit insurance solutions specialist
Brown & Brown Europe has acquired 100% of the share capital of trade credit insurance solutions specialist, CI Group.
Clear buys credit insurance specialist
The Clear Group has bought the book and assets of Lichfield-based credit insurance specialist Rycroft Associates including Inspire Credit Management.
Trade Credit Insurance is again in the spotlight. How can brokers take advantage?
Described as a ‘sleeping giant’ of the insurance market, brokers should wise up to the opportunities offered by trade credit. Especially, as Martin Friel discovers, recent geo-political events mean this vital safety for businesses is edging to toward the…
People Moves: 16 - 20 January 2023
Keep up to date with the latest personnel moves within the insurance market.
Products: October 2022
Product launches including cover for electric vehicles, carbon credit insurance, the media and entertainment sector and private clients.
BMS offsets backdated greenhouse gas emissions
BMS Group has moved to offset backdated greenhouse gas emissions arising from energy consumption in its offices, by its employees working from home, and through business travel and hotel stays for the past four years.
Brokers hailed as a “critical” distribution channel for trade credit insurance by Allianz Trade CEO
CEO at Allianz Trade UK & Ireland, Sarah Murrow, has described brokers as a "critical" distributer when promoting trade credit insurance to clients.
TL Dallas targets more branches after recent expansions
TL Dallas will open at least one more branch this year, managing director Polly Staveley has revealed to Insurance Age as she confirmed recent cost of living pay rises for all staff.
Kentro Group records GWP growth of 19% in 2021
Kentro Capital grew gross written premiums by 19% to £367.4m in 2021 generating £53.1m of turnover, up 21% on 2020.
PIB makes double acquisition announcement
Group will purchase CMR Insurance Services and Sue Smith Ltd subject to regulatory approval.
Coface sees income rise but COR decline
Credit insurer posts results ahead of proposed IPO.
CPP mis-selling victims set to start claiming compensation
Millions of people will be eligible for compensation as of mid-February.
W Denis Credit Risks buys Coastal Credit Insurance Brokers
Coastal founder stepping back from the business.
CPP sets aside £55.8m to cover mis-selling penalty
Credit card insurer forced to stump up a further £1.8m to cover bill.
Ombudsman confirms new card protection insurance complaints category
The Financial Ombudsman Service (FOS) has confirmed that it has created a new category for complaints about card protection insurance due to the volume of complaints it is now receiving.
CPP insurance mis-selling cost could hit £1.3bn, says FCA
The Financial Conduct Authority (FCA) has reached an agreement with Card Protection Plan (CPP) and 13 high street banks and credit card issuers on the process for repaying customers who were mis-sold CPP’s Card Protection and Identity Protection policies.
Home 3 to leave Chesterfield office as CPP fights for future
Repair provider Home 3 will leave its Chesterfield site this month as troubled parent company CPP fights to secure its future.
Bridge in the Loop
Bridge Insurance Brokers has launched Loop Insurance as it targets expansion into new markets.