Property
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.
Using technology to give mid-market clients a corporate insurance experience
Too large to benefit from government initiatives but too small to employ their own risk managers, mid-market businesses can inadvertently find themselves taking on unexpected levels of risk. As these businesses grow and face new and increasingly complex…
Chubb targets media industry
Insurer focuses on middle market and multinational clients.
UK insurance industry paid out £55bn in 2017
Sector also made a contribution to the UK economy worth £29.5bn and paid close to £12bn in taxes, according to the ABI.
FCA insurance spend rises to £264,587 for 2018/19
The regulator stuck with Aon as its broker.
Hiscox and Stride team up to launch property owners policy
Stride will distribute the policy to brokers by delegated authority.
Stackhouse Poland buys Property Insurance Initiatives
The business has offices in London and Bordon and it's Stackhouse's fifth deal of 2018.
Ecclesiastical refreshes property investors product
New offering available from 1 January 2019.
Gallagher buys majority stake in Vasek Insurance Services
Deal is the broker's third in 2018 and follows Risk Services and Portmore.
FCA points to “remarkable” insurer failings as it launches “fundamental” market review
Chris Woolard on why the regulator felt it had to act.