Property
C-Quence and Cytora partner on commercial P&C underwriting
C-Quence will launch its P&C suite in January using Cytora’s property API to connect data such as property and location to each P&C submission.
Plan Group interested in more deals after Pedal Cover buy
Ryan Georgiades, chairman of Plan Group, has listed several business lines that it might be interested in buying a broker in, this included niche leisure, motor, travel, home and commercial property.
Results dip for Allianz amid claims inflation and Ogden losses
CEO Jon Dye said the business is "still in good shape" despite the slip in performance.
Axa UK reports growth across all business lines
Figures follow an effort to streamline the provider’s operations in the UK and Ireland.
News analysis: Broker and MGA concerns mount over MS Amlin pull-out
Provider’s announcement that it is exiting nine lines of business could have serious knock-on effects for the market, reports Sam Barrett
GI complaints fall amid £2bn PPI payout
FCA data for H1 2019 was final full reporting period before 29 August PPI deadline.
Weald announces purchase of Cronin Underwood
Acquisition is Weald Insurance’s first deal since becoming an Ethos Broking partner in 2018.
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.
CMC employee jailed for fraud and abuse of position
The individual stole nearly £18,000 from the CMC and attempted to steal approximately £17,000 more.
Brokers warn redundancies at MS Amlin are “inevitable”
Experts say the restructure is understandable but could lead to office closures as Amlin pulls out of nine business lines.
MS Amlin to exit nine business lines
Updated: It is too early to determine if the plan will result in redundancies or regional office closures as business seeks to redeploy capital and management focus.
Azur unveils two new HNW products
Azur Niche is aimed at clients who might be considered higher risk than normal, while Unoccupied covers properties that are for sale, undergoing renovation or not permanently lived in.
Vibe Syndicate Management closes business units
The Lloyd’s MGA is to cease underwriting new and renewal accident & health and property D&F business amid strategic review as it pledges “orderly transition” for customers and brokers.
Clear set to make more deals this year
CEO Howard Lickens reveals the drivers behind the broker's deal to buy Morrison and outlines its plans for the future.
Clear buys Morrison in largest deal to date
Acquisition increases Clear's GWP to £135m.
Gallagher buys landlord insurance specialist
Gallagher says deal to buy RGA Group will strengthen its specialism in niche property owners insurance.
ABI figures show 1,300 insurance scams a day detected in 2018
Detected dishonest claims reached a value of £1.2bn during the year.
Red Sands scoops up failed insurer Lamp’s home policies
Now4Cover has moved the customers to Gibraltar-based provider Red Sands.
Brokers monitoring capacity shortages after TMKI run-off
Although brokers are not worried by the provider going into run-off, they have concerns over tightening capacity.
GRP’s County Group purchases Eric Rawlins & Company
County's second deal in a month brings its GWP to over £100m.
PIB’s Q Underwriting develops property team
The property team is led by Damian Cannings and has been set up following feedback from brokers.
GRP-owned EPUL reveals unorthodox property risks product
The commercial property MGA said the package of covers includes liabilities involved with irregular construction or unusual occupations.
JLT Specialty launches real estate cyber product
Product will include business interruption and privacy related exposures that have resulted from a cyber attack.
Sector criticised for approach to sharing economy
Report outlines the insurance risks for customers active in hosting AirBnb guests due to gaps in cover.