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RSA unveils new commercial MD as Bryson departs
RSA has appointed Tovah Grosscurth as commercial lines managing director with immediate effect, subject to regulatory approval.
Father and son sentenced for ghost broking scam
A father and son have been sentenced for their roles in a ghost broking scheme, following an investigation led by the City of London Police’s Insurance Fraud Enforcement Department.
Clear brings three Sheffield businesses under one roof
The Clear Group has relocated its three Sheffield businesses into one office at Meadowhall Business Park in the city.
PremFina secures £350m facility as it reveals £1.9bn volume target
PremFina has agreed a £350m private securitisation facility with support from HSBC and Waterfall Asset Management to help its current and future growth strategy.
FCA looks at removing further unnecessary data reporting
The Financial Conduct Authority is proposing to remove unnecessary data reporting, in a move it said will benefit nearly all firms, help to reduce burden and unlock economic growth.
Ghost broker sentenced
A ghost broker has been sentenced to 12-months imprisonment, suspended for 12 months with a requirement to complete 150 hours of unpaid work, after selling two fraudulent motor insurance policies to unsuspecting members of the public.
AssuredPartners deal still expected to close in second half of the year, says CEO Pat Gallagher
Gallagher is “playing it right down the middle of the fairway” with the US Department of Justice and still expects to close the deal for AssuredPartners in the second half of the year, according to CEO Pat Gallagher.
Three arrested in the UK in FCA led crackdown on illegal finfluencers
Three people in the UK have been arrested as the Financial Conduct Authority led an an international crackdown on illegal finfluencers in a week of action that kicked off on Monday.
Interview: Emma Rawlinson, CEO of Markerstudy Distribution
After four job titles in just 12 months, Markerstudy Distribution CEO Emma Rawlinson tells Insurance Age about what comes next on brands, growth, acquisitions and more for the multi-billion-pound business as the Atlanta integration proceeds at pace.
Insight
Interview: Keith Hector, Covéa
Keith Hector, commercial lines director at Covéa, looks to make e-trade limits more flexible, highlights “buoyant” schemes business, and teases new products as he targets £200m GWP in 2025.
The stats: Q1 2025 sees commercial rates flattening, as experts predict market softening
Property owners and fleet premiums continue to rise but at a slower pace, while combined liability rates dip into negative figures in Q1 2025, according to the Acturis Commercial Broking Index. Ida Axling reports.
Analysis: Is the era of offshore capacity over, or is it poised for a comeback?
High profile casualties such as Gibraltar-based Enterprise Insurance Company (2016), and Danish providers Alpha (2018) and Gefion (2021) meant offshore capacity came under scrutiny at the end of the last decade. Today there appears to be less noise about similar players which begs the question are these overseas carriers no longer a factor? Or are they on the comeback trail? Saxon East investigate
Interview: Duncan Pritchard, CEO of Commercial Express
Last year Commercial Express garnered extensive attention from the broker community with its slew of eye-catching product launches, CEO Duncan Pritchard tells Insurance Age about the growth of the business and what is coming next.
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