Articles by Ida Axling
Insurtech start-up Coverly closes for new business
The SME specialist says existing customers remain covered as it confirms it closed on 17 July.
Profits up at Thomas Carroll in 2019
Welsh broker also reveals turnover increase as CEO Rhys Thomas states the company is "confident" it will emerge from the Covid-19 crisis stronger than before.
PIB spent £75.6m on deals in 2019
CFO Ryan Brown says the consolidator has a "very healthy pipeline" of future acquisitions, as PIB's GWP hits £986m.
Direct Line buys start-up broker Brolly
The Brolly team, including founder Phoebe Hugh, is set to move across to Direct Line once the deal is completed.
Jensten Group buys PI broker in second lockdown deal
HTC Associates, based in Derbyshire, brings around £5m in GWP to Jensten.
Ardonagh completes £2bn debt raise and deals for Bravo Group and Arachas
The move, announced in June, brings Broker Network back into the fold as Ardonagh confirms £300m war chest to fund future deals.
Liquidators appointed for Gefion Insurance
The unrated provider recently went into solvent liquidation after the Danish regulator withdrew its insurance license.
PIB buys Stockton-based UKinsuranceNET
Deal is PIB's 30th as the consolidator confirms it has several more in the pipeline.
Action groups hit out at “absurd” insurer defences in FCA BI case
Insurers have been accused of filibustering in relation to business interruption as firms suffer “devastating losses” following coronavirus lockdown.
FSCS reports surge in broker-related claims
Scheme says it has started paying out on new failures including to customers of Elite Insurance, Lamp Insurance, Quick-Sure Insurance and CBL Insurance.
Biba says members are taking action to tackle dual pricing
A report from the trade body shows brokers are engaging with its Guiding Principles and Action Points to address dual pricing practices in the home and motor insurance sectors.
CDL reports falling profits and turnover for 2019
Commercial director Nigel Phillips says performance was impacted by the "challenging economic and political climate".
Ten adds six members during lockdown as it gears up for growth
MD Dawn Derbyshire says the pandemic has given brokers time to think about going out on their own as the AR network strives to update its model to include directly authorised firms.
Where has the industry got to with diversity and inclusion?
Broker Extra 2020: Insurance industry leaders need to educate themselves to improve representation as panellists urge the sector to act now.
Aviva Ireland GI CEO launches legal proceedings against the provider - report
John Quinlan, who has been on leave for almost eight months, is looking to sue Aviva, writes The Irish Times.
Brokers expect bold first move from Aviva's new leader Amanda Blanc
Experts predict she will focus on expanding the business rather than carving bits off, while one broker warns "heads will roll" on the provider's top team.
Axa XL names new UK & Lloyd's market CEO
Sean McGovern takes on the role on a full-time basis after being interim CEO since Paul Greensmith left the business in April.
Pen Underwriting reveals £1bn GWP target
Exclusive: The Gallagher-owned MGA sets out its new strategy as it unveils plans to grow by acquisition and expand into new product areas.
Arag posts turnover rise for 2019
But the business also saw a fall in profits as MD Tony Buss says provider has revised its expectations for 2020 due to the pandemic.
FSCS "standing ready" to deal with customer impact from Gefion
COO Jimmy Barber discusses Gefion's solvent run-off, previous insurer failures including Alpha and Enterprise, and why he believes brokers are integral to the Scheme.
Newbie news: Opening opportunities
Founder and director of True Broking Chris Boothman explains the challenges he faced setting up during the coronavirus crisis
CMA launches investigation into Ardonagh's Bennetts deal
The government body is seeking comments on the deal in order to decide whether it "may be expected to result in a substantial lessening of competition" in the market.
Cullum-backed Ataraxia launches broker network
MD Adam Boakes says model will help brokers increase their income as well as provide them with a guaranteed investor in their business once they're looking to exit.
Lloyd's proposes solutions for non-damage BI cover
The insurance market has revealed a number of frameworks to help tackle the coronavirus crisis as well as future systemic catastrophes.