Articles by Rosie Simms
Scor’s McMurdo replaces Johnson as Accredited UK and European boss
Stuart McMurdo has been named president of Accredited UK and Europe, effectively replacing Colin Johnson, CEO of Accredited Insurance Europe.
Partners& buys second loss adjusting firm
Partners& has purchased Bickley Chartered Loss Adjusters, a firm providing a full range of adjusting services and disciplines across both domestic and commercial markets.
Howden acquires £60m premium broker
Howden has purchased UK health and life insurance broker Help Me Compare Group (which trades as ActiveQuote) and its subsidiaries, supporting Howden’s position in these UK markets.
People Moves: 5 – 9 August 2024
Follow the latest insurance personnel moves.
Twickenham to be renamed Allianz Stadium
Twickenham will become Allianz Stadium from September as part of a deal with the Rugby Football Union that sees the insurer make an unspecified “long-term investment” in the sport.
Body cameras improve claims dispute times and pricing – Axa’s Barnett
Body cameras help decrease the length of claims disputes involving brokers according to Dougie Barnett, director of customer risk management and midmarket at Axa UK.
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.
QuestGates adds Equistone as minority investor
Loss adjusting and claims solution group QuestGates has secured investment from private equity investor Equistone Partners Europe.
Blog: Brokers on TV
Brokers and insurers should appear on more reality TV shows to help humanise the industry and make younger people more aware of the sector.
Biba concerned IPT exposed to rise
The British Insurance Brokers’ Association is concerned insurance premium tax is exposed to a rise, according to director of regulation David Sparkes.
People Moves: 29 July – 2 August 2024
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Biba to be fully engaged on FCA’s regulation reviews
David Sparkes, regulation director at the British Insurance Brokers’ Association, has committed the trade body will be “fully engaged” throughout the process for the Financial Conduct Authority’s commercial insurance regulation discussion paper.
Interview: Axa UK looks to leverage scale - Foley
Axa Commercial can now move “quicker and price more effectively” due to a new workbench system, which is “beneficial” to brokers and customers, according to Tara Foley, CEO of Axa UK and Ireland.
Biba among trade bodies welcoming FCA’s regulation moves
The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority’s regulation discussion paper, calling it a “positive first step”.
FSCS broker compensation costs fall to £600,000
The total general insurance distribution compensation costs the Financial Services Compensation Scheme paid out dropped to £600,000 in the year ended 31 March 2024, from £2m the year prior.
Aviva grows its presence in Glasgow
Aviva is moving its trading offices in Glasgow’s city centre financial district to accommodate 26 employees and serve as a base for its mid-market, distribution, schemes and GCS teams.
Axa boss Foley eyes midmarket space
Tara Foley, CEO of Axa UK and Ireland, told Insurance Age the insurer was looking to enter the “white space” between Axa and Axa XL.
Brown & Brown makes ‘first significant’ European retail investment outside UK & Ireland
Brown & Brown has signed up to buy Netherlands firm Quintes Holding from Aquiline Capital Partners as it moves forwards with its European retail push.
BMS buys DR&P as Inflexion exits
European mid-market private equity house Inflexion has agreed to sell its investment in David Roberts & Partners to BMS Group, having first taken a stake in 2021.
Gallagher holds steady on organic growth in Q2
Gallagher achieved 7% organic revenue growth in its UK and Ireland retail division in the second quarter of 2024, up from 6% in Q1.
Allianz updates motor trade product
Allianz has refreshed its motor trade product with the aim of reflecting the evolving needs of its customers and the technological changes that are affecting the sector.
People Moves: 22 – 26 July 2024
Keep up to date with the latest insurance personnel moves.
Cyber outage insured losses estimated at up to $1.5bn
CyberCube has estimated preliminary global insured losses for the standalone cyber insurance market from the CrowdStrike IT outage last week at between $400m (£310m) and $1.5bn (£1.16bn).
Ghost broker sentenced for £17,000 Instagram insurance scam
Wahidullah Usmani, 22, of Prayle Grove, Cricklewood, has been sentenced to 24 months’ imprisonment, suspended for 24 months, for making £17,618 by selling invalid car insurance policies on Instagram.