Articles by Aara Syed
Lloyd’s to create single governing body
Decision follows consultations which saw over 90% of the market support the idea to merge its Board and Council.
Broking success: Mark Ross, managing director of Ross Insurance Group
Boutique broking: Ross Insurance Group’s managing director Mark Ross tells Insurance Age how the firm can compete with the “mega-brokers” and explains its plans for expansion, new lines and schemes
Former Aviva UK boss Andy Briggs joins Phoenix Group as CEO
Move is subject to regulatory approval and should see the former CEO of UK Insurance at Aviva take up the position in January 2020.
Broker Expo: Successful M&A all about culture say broker bosses
According to Aston Lark group CEO, Peter Blanc, customers can gain from M&A activity.
People Moves: 4-8 November 2019
Keep up to date with the latest market moves.
Broker Expo: Open GI sets focus on machine learning
Following purchase of machine learning specialist MLP, Open GI CEO Simon Badley outlined the future strategy for both companies.
PRA urges industry to improve disclosure mechanisms
Regulator used a Dear CEO letter to raise concerns about whether staff feel able to speak up about poor practices and unidentified risks within their firms.
Biba reveals 700,000 people have used signposting service
Insurance Cares: Signposting service for older customers has been renewed again following its launch more than six years ago.
NMU updates cyber product
Product launched earlier this year also now includes cover for court attendance costs, service providers’ extensions and operational error.
Commercial tech broker Get Indemnity launches
InsurTech Futures: Founder Simon Taylor previously worked at Willis, QBE and Chubb in senior roles.
Munich Re Syndicate joins Home & Legacy panel
The provider will underwrite the Prestige Home and Ultra Home product lines.
Profits soar again at Kingsbridge Risk Solutions
Turnover grew 20.4% and profit before tax grew 27.4% at the firm during 2018.
Sign up to Insurance Day of Giving on 7 November and be among 50 other firms
Insurance Cares: You can still sign up to get involved in the day which comes as regulatory approval is sought for the first new Alzheimer’s Disease treatment in 15 years.
Survey reveals majority of firms see cyber risk as a top concern
Research from Marsh shows that in the UK & Ireland specifically, board members and C Suite executives only spend a few days a year looking at cyber risk.
Zego reveals ambitious growth plans
InsurTech Futures: Start-up broker's CEO, Sten Saar, discusses expanding the team, developing products and the possibility of making acquisitions.
Market “appalled” by revelations made during Gallagher/Ardonagh staff poaching trial
Experts are concerned about the case's impact on the reputation of insurance. Nawaf Hasan has also requested an apology from Gallagher after "fat complicated arab" comments.
Revenue falls at Hastings amid rising claims inflation
Firm said it would apply price increases to keep its full-year loss ratio within target.
People Moves Round-up: 21-28 October 2019
Keep track of the most recent market moves.
Nearly half of brokers unaware of SMCR, research finds
Senior Management and Certification Regime (SMCR) will apply to insurance intermediaries from 9 December 2019.
Dual Asset partners with Aviva on legal indemnity insurance
Dual will continue to underwrite enquiries from its own distribution channels as well as all enquiries received by Aviva.
CII to focus on money at Insuring Women's Futures event
The body has challenged brokers and insurers and financial advisers to speak to at least ten women about how they can improve their financial situation in Talk Money Week.
IUA sets up construction group
Group formed amid ongoing issues with capacity in the construction market.
Jackson Lee creates fleet GAP with temporary vehicle replacement
Firm claims that the product is the first of its kind in the market.
Go Compare owner in £120m refinancing
Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.