SME
Todd & Cue secures funding facility from Barclays
Todd & Cue has secured a funding facility from Barclays as part of a refinance supported by WilliamsAli Corporate Finance.
Broker Expo 2024: Biba encouraged by ‘step-change’ in FCA’s approachability
Head of regulation for the British Insurance Brokers’ Association David Sparkes told delegates at Insurance Age’s Broker Expo yesterday that he is encouraged by the fact that the Financial Conduct Authority is being more receptive to feedback.
Interview: JMG’s Nick Houghton – Painting the broking picture
JMG boss Nick Houghton prefers lists over spaghetti structures. He shares his passion for art, his approach to building the lauded Leeds-headquartered business and his route into insurance as well as the broad strokes of what comes next.
Zurich names Lidster to lead on SME and trading as Edwards exits
Zurich has appointed Nikki Lidster head of SME and trading as Will Edwards leaves to pursue an opportunity outside the insurer.
Q&A: Aviva’s Jason Storah
One year into the role, Jason Storah, UK and Ireland general insurance CEO at Aviva, tells Insurance Age about the goals he is happy to be challenged on in another 12 months’ time, what the Probitas deal means for regional brokers and reflects on recent…
NBS seals SME capacity deal with Hadron UK
NBS Underwriting has added Hadron UK Insurance to its insurer panel, effective 1 October.
Peach rebrand to come into effect at Broker Expo
Peach PI will rebrand as Peach at the UK Broker Expo, Insurance Age can reveal, with new messaging and a company logo to reflect its modern appetite.
Beat launches proRISE targeting SMEs via wholesale brokers
Beat Capital Partners is launching proRISE Insurance Services targeting management and professional liability insurance for SMEs with its products distributed through wholesale brokers.
Biba calls on FCA to remove large SMEs from scope of Consumer Duty
The British Insurance Brokers’ Association has called for larger commercial customers to be removed from the scope of the Consumer Duty
Arc Legal and HB Underwriting team up to tackle employer’s liability gap
Arc Legal Group has partnered with HB Underwriting to cater for the latter’s policyholders who find themselves as employers because of their care needs.
Peach Pi partners with Starpeak on micro/SME insurance
Starpeak, the specialist digital distributor of insurance to niche online markets, has partnered with commercial insurer Peach Pi to co-create products designed specifically for the micro and SME market.
Biba calls for IPT cut in Autumn Budget
The British Insurance Brokers’ Association has urged the government to cut the headline rate of insurance premium tax from 12% to 10% in the Autumn Budget on 30 October.
Interview: Coalition’s Tom Draper on doubling in cyber with brokers
Cyber specialist insurer Coalition has grown to 32 people in the UK working with over 5,000 insurance staff in brokers across the country since going live in 2022, and is looking to expand again with a network of regional underwriting hubs, according to…
Coalition to set up regional underwriting hubs
Coalition has recruited Philip Cruickshank from Aon as a regional development underwriter based in Manchester, as it embarks on creating a series of hubs in the country, Insurance Age can reveal.
The stats: Q2 2024 – Commercial combined and combined liability premiums fall for first time in three years
The smallest index movement since Q2 2021 suggests the commercial lines market is starting to become more competitive again, as Ida Axling reports.
Axa reveals 106.3% UK COR for 2023
Axa Insurance UK has posted an improved 106.3% combined operating ratio for 2023, trimming it from 109.8% the year before.
FCA: brokers struggling to marry remuneration with evidence of fair value assessment
Brokers are still struggling to provide adequate evidence they are appropriately assessing whether their remuneration is consistent with the fair value of the product they are selling.
Over half of businesses have no flood action plan
A survey by Previsco has revealed that 54% of public sector and private companies do not have an action plan in place to deal with the increased risk of flooding.
Broker branches a key focus for Allianz in 2024, CEO Holmes promises
“I want to expand the amount of branches we have where we’re connecting with customers,” Allianz UK CEO Colm Holmes told Insurance Age.
Q&A: Seventeen Group CEO, Paul Anscombe
The boss of Seventeen Group, Paul Anscombe, tells Insurance Age about getting to 10 deals this year, the firm’s national reach and how innovation and specialisms are helping deliver organic growth at a business that has its eyes fixed on long-term…
Interview: Tuplin on turning up the heat with Ardonagh
Richard Tuplin, CEO of Advisory Insurance Brokers at Ardonagh, shares his insights on leading the transformational change that is garnering praise from the sector and the non-negotiable culture that is bringing success.
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.
Zurich invests $60m in cyber provider Cowbell
Zurich Insurance Group has invested $60m (£46.65m) in Cowbell, a provider of cyber insurance for SMEs.
Interview: Addept Group managing director Richard Finan
Addept MD Richard Finan gives Insurance Age the lowdown on his return to the market; his thoughts on changes to the MGA market in the wake of Consumer Duty; and the challenges of creating ancillary products in a post-FCA GAP intervention world.