Articles by Siân Barton
CBL collapse pushes Danish insurer Alpha into liquidation
Alpha said that the fall was directly linked to the failure of CBL Insurance.
Elite named in CBL Insurance affidavit
The Central Bank of New Zealand has applied for an interim injunction against CBL Insurance.
Alpha Insurance at risk of failing solvency requirements
Unrated Danish insurer hit with order by Danish FSA.
Chartwell Healthcare bought by JLT
Broker Chartwell serves the UK SME sector and the deal takes GWP for JLT’s health and employee benefits divisions to £200m.
Towergate and Broker Network owners HPS and MDP buy Compass
Compass sells after its 2016 MBO from Arthur J Gallagher.
PIB Group buys Lorica
The deal for the broker is PIB’s 13th investment.
Azur MGA launches HNW car collector product
Collector Car is underwritten by AIG and can also incorporate everyday vehicles.
Turnover up and profits surge for MCE in 2017
Broker posted £6.7m turnover increase, pre-tax profit growth of £11.2m and noted it is awaiting the outcome of a tax dispute with HMRC.
Ataraxia takes stake in Glowsure
The broker now plans to grow through local acquisition.
Admiral reports growth in 2017
However its Confused aggregator sees profits slip following marketing and product development spend.
Lockton and Chubb distance themselves from NRA
The businesses, along with US insurer MetLife, have moved away from the National Rifle Association as calls for gun control in the US grow louder following the Florida school shooting on 14 February.
Hiscox Retail boss reveals investment areas
Chief underwriting officer for Hiscox Retail, Joanne Musselle, commits to investing technology and innovation across all channels including broker.
Hiscox COR and profit deteriorates
Profit before tax slashed to £30.4m from £354.5m and group COR swings to 99% compared to 84.2% in 2016.
Amanda Blanc “exceptionally pleased” with UK & Ireland performance
The CEO praised the impact of the business' commercial lines division and insisted the "excellent" results had no bearing on McCafferty’s exit.
Axa UK & Ireland COR improves to 96.3% for 2017
Revenues also went up but underlying earnings fell.
Cyber hacks reported to FCA by financial firms hit 69 in 2017
FCA figures show that cyber incidents reported by general insurance firms went up from 1 to 11 in just 12 months.
Arnott Marine launches marine liability facility for UK brokers
Product designed for small businesses with £200,000 or less in turnover.
PIB launches risk management business
The consolidator has merged Sigerson Associates and Ford Risk Management to create the division.
Lloyd’s and Kanye West settle £7.4m suit - reports
West originally launched the legal action in August 2017 after, he said, Lloyd’s syndicates failed to pay out for cancelled gigs on his Saint Pablo tour.
European Council approves IDD delays
EU ambassadors confirmed that the council has agreed to delay transposition of the Insurance Distribution Directive.
Allianz moves in further on Euler Hermes
Latest investment takes Allianz's outlay up to €1.5bn.
Marshall Bailey appointed FSCS chair
Bailey, a non-executive director at Chubb European Group, succeeds Lawrence Churchill.
Liberty to launch trade credit e-trade platform
Toredo is targeted at brokers who do trade credit for banks, corporates and commodity traders.
Cyber add-on for brokers launched
The product is available from iSmartSupport and brokers can whitelabel the add-on.