Articles by Siân Barton
CMA forces Ardonagh to u-turn on £26m Bennetts buy
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
Clear buys Brokerbility
The deal includes BHIB and brings Clear’s GWP up to £200m.
Shuker and Howden lift lid on A-Plan deal
The sale of A-Plan to Howden is believed to be valued at up to £700m.
Howden buys A-Plan to create £4bn GWP broker
Carl Shuker will continue to lead the personal lines specialist.
Beazley revises Covid-19 claims estimate up to $340m
This is up from April’s $170m prediction, however, the insurer said it did not expect the outcome of last week’s FCA business interruption judgment to have a material impact.
Staveley Head collapsed owing almost £10m
The administrator’s progress report said the business was later sold to One Sure for £75,000 as fitness of former directors is investigated as statutory measure.
Convex appoints UK CEO
The former CEO of Neon Underwriting, Theo Butt, takes up the role replacing Convex co-founder Paul Brand.
Vantage reveals 130 job cuts as it rebrands as Kingfisher following restructure
The changes follow redundancies and the consolidation of some centres following the promotion of Jacquie Boast to CEO in early 2020.
Aston Lark focuses on London Market
Peter Blanc says London Market is priority for the broker and reveals MGA/underwriting hopes as the business buys Lloyd’s broker Brunel Professions.
D-Day for industry as FCA reveals date for BI judgment
Insurers will find out next week if their denial of coronavirus business interruption claims is legal.
Allianz to close Liphook operation
The insurer is proposing to move its engineering, construction and power teams, based in Liphook, to its Guildford headquarters 17 miles away.
Insurance Museum looks to raise £3m
The initiative is trying to raise the sum each year to develop a visitor centre, make a documentary series and develop educational outreach.
CII to sub-let office in Walkie Talkie
The body made the controversial move to Lombard Street from its historic Aldermanbury home in 2018.
Lockton accused of forging insurance documents
Property investor Aubrey Weis has alleged that the broker made “false and dishonest representations” regarding settlement of an insurance claim.
Broking success: Walmsleys’ managing director Steven Moore
Future proof: Walmsleys’ managing director Steven Moore tells Insurance Age how the broker is embracing technology while maintaining traditional ways of working and how it is coping with Covid-19
Turnover and profit slip for Arron Banks-owned Somerset Bridge
Profit for the business, formerly known as Eldon, slipped to £5.0m from £6.4m the previous year.
Editor's letter - September 2020
Back to business: Finding reasons for hope amid the looming recession
Parliamentary call for Co-op to review Markerstudy deal
MP, Tony Lloyd, slams Markerstudy over potential loss of 200 jobs and failure to recognise Unite and calls on Co-op to examine "moral compass" amid sale which is yet to complete.
Top 50 2020 - Welcome
Continuing to thrive: Acquisitions and the formation of newer businesses have been fuelling growth in the Top 50 Personal Lines Brokers over the past year
Blog: Insurtech in 2030 and the warning signs for brokers
Zego’s Harry Franks explores how insurtechs are filling the customer expectation void in insurance.
Complete Cover and Mulsanne parent posts £41.7m loss
The business was sold to Sun Capital last year. Since then it has secured a £1m development loan from Close Brothers and its investors has pumped £7m into Mulsanne to help with solvency.
Shareholders approve $30bn Aon/WTW deal
The agreement was originally announced in March this year and will see the creation of the world’s largest broker.
Former Brightside boss Mark Cliff takes NED role at MGA
Cliff has been appointed chairman of the firm which specialises in the social housing sector, travel and associated insurance and property insurance.
Biba hit by redundancies
The trade body takes “difficult decision” to make five people redundant due to the impact of the coronavirus pandemic.