Marine
NFP buys Wolverhampton broker
The US-based company adds Top 100 business KGJ Insurance Services Group to its stable at it continues its expansion in the UK.
Geo adds Arnott Marine book to portfolio
The transfer sees Steve Gordon join Geo Underwriting as product head while the Ardonagh-owned entity expands its marine proposition.
ERS gains approval for expansion into new business lines
The provider's Syndicate 1856 is moving into business classes including D&F property, marine and energy liability, political risk, terror and war, cargo and specie and professional lines, following $350m capital injection.
Third deal in a week for Seventeen Group as it snaps up Cornwall-based broker
Latest move sees specialist marine broker Christopher Rowe join Seventeen Group's stable and follows its purchases of Ryan's and Pinner Risk Solutions.
Ardonagh Specialty reveals capacity deal with Beazley
Business says cross class follow capacity solution will benefit Price Forbes clients across cargo, specie, terrorism, financial products, healthcare and marine.
Biba appoints MercariRisk as marine insurance scheme provider
Trade body says the scheme is underwritten by A+ rated capacity and will help brokers access cover for a range of marine risks including cargo, freight liability, hull and liability cover for commercial vessels, commercial maritime operations, super…
Howden buys superyacht broker STA Group
The business will become part of Howden and rebrand as Howden Sturge.
Apollo replaces head of marine and energy liability
Rob Johnston replaces Howard Burnell who was convicted of assault last week.
Arch unveils UK regional marine hull and machinery product
Offering was designed exclusively for fleets and single vessels operating throughout inland and coastal waters of the UK and Western Europe.
Geo Underwriting expands into marine and leisure with deal
Ardonagh's MGA arm buys £8.5m GWP book of business from KGM.
Stoneways Marine unveils yacht and motorboat product
The new offering is available to brokers and Stoneways stated that the policy includes covers such as non-medical repatriation and mental health support for those onboard.
UK Broker Awards: Meet the Shortlist - Personal Lines Broker of the Year
In the run up to the 2020 UK Broker Awards Insurance Age is profiling all the shortlisted firms and individuals, with today’s focus being The Personal Lines Broker of the Year.
Covid-19 hit pushes Beazley into pre-tax loss in H1 2020
Provider expects its pandemic-related losses to amount to $170m as it takes underwriting action in its liability lines of business.
Insurance Covid-Cast: Insurtech 100 special – Distribution Focus Two with Next Insurance COO Sofya Pogreb and Trov GM Ian Sweeney
In the 24th episode of Post and Insurance Age’s video series we gathered together two start-ups featured in the Insurtech 100, both of which have pivoted from business-to-consumer distribution, to B2B2C.
Insurance Covid-Cast: Insurtech 100 special – 'AI/Data Analytics' with Concirrus’ Andrew Yeoman and Cytora’s Richard Hartley
In the 21st episode of Post and Insurance Age’s video series we gathered together a duo of start-ups featured in the Insurtech 100, both of whom are focused on using AI/data to make insurance companies more efficient.
Beazley profits jump as COR worsens to 100% in 2019
CEO Andrew Horton says provider is committed to regional brokers through its Birmingham office despite recently pulling out of UK regional marine.
People Moves Round-up: 3-7 February
Keep up to date with the latest market moves.
Zurich-owned N&G buys marine trade book from NMU
The book of business will be transferred to N&G at renewal and NMU marine trade underwriters will move across as part of the deal.
Brokers predict more marine exits after Beazley run-off
Marine specialists expect to find replacement cover in the short-term, but predict that more market hardening is on the way.
Beazley places UK regional marine book in run-off
Decision could result in a small number of redundancies as the insurer pointed to pressure and low margins in the sector.
Neon Underwriting placed into run-off
Neon's parent company American Financial Group has decided to exit the Lloyd's market.
Aviva Renewable Energy launches exclusively through UK brokers
Offering is targeting renewable energy companies that operate domestically and abroad.
B.P. Marsh invests £1m in Lloyd's broker Lilley Plummer
PE firm takes a 30% stake in the specialist marine broker.
MS Amlin: Brokers highlight regional pull back
Brokers report reduced numbers of staff in the provider’s Chelmsford office and say MS Amlin’s recent action is continuation of providers exiting regions.