Insight
Blog: Why recruitment is the major challenge for the incoming CII head
Crescens George, of Wiser Academy , explains why recruitment must be the top priority for the new Chartered Insurance Institute boss as he calls for training to be more accessible.
Nick Major to exit Aviva amid commercial lines shake-up
Aviva UK has spilt is commercial lines business into two divisions, SME and global corporate & specialty and, in personal lines, HNW boss, Simon Mobey is set to step down.
Seventeen Group buys Scottish broker CCRS
Seventeen Group has bought Glasgow-based broker CCRS for an undisclosed sum.
Urban Jungle expands into motor insurance
Insurtech Urban Jungle has launched its new car insurance service which offers both home and car cover.
Lockton warns on hospitality underinsurance
Inflation, scarcity of building materials and labour have affected valuations and businesses should review their cover according to Lockton head of hospitality, Andy Nicholson.
Truss’s mooted regulation merger plan derided
Former business secretary, Vince Cable, has attacked Liz Truss’s rumoured plan to merge the Financial Conduct Authority, Prudential Regulation Authority and Payment Systems Regulator.
Two-fifths of London businesses at risk of flash flooding
Research by Zurich has revealed that two-fifths of London businesses are at risk of being hit by flash floods as heavy rainfall is predicted to hit the capital.
Jensten flags healthy acquisition pipeline
CEO Alistair Hardie said the organisation has a series of deals in play following its buy of J. Bennett & Sons but warned that the Financial Conduct Authority can be slow to approve acquisitions.
People Moves: 15-19 August 2022
Keeping you up to date with the top personnel changes in insurance.
Markel adapts charity and community groups product
Markel has doubled the income threshold at which charities and community groups can access its cover via its eTrade facility from £1m to £2m.
Zurich UK appoints Sam Thomas as head of retail underwriting
Zurich UK has named Sam Thomas, who is currently head of mid-market, as head of retail underwriting, Insurance Age can reveal.
Stubben Edge buys Genesis Special Risks
Stubben Edge has announced two strategic developments which have been designed to expand its capabilities for IFAs and brokers, Insurance Age can reveal.
Smyth flags M&A opportunity following UK General deal
UK General is planning to grow via M&A, new products and bring in fresh teams following investment by RCapital and Montague according to CEO Tim Smyth.
Jensten makes fourth deal in a month
The Jensten Group has acquired J. Bennett & Son Insurance Brokers and its Oxford-based subsidiary, Mathews Comfort & Co, for an undisclosed sum.
Private equity duo buys UK General plus Precision Partnership
UK General has been acquired by Montague and RCapital Partners from Primary Group for an undisclosed sum.
Experts warn that cost of living crisis could increase ghost broking cases
The sky-rocketing cost of living and the longer term economic effects of the pandemic could lead to an increase in ghost broking, experts have warned.
LV issues fire and subsidence warning amid heatwave
LV Insurance has warned that the claims for heat and fire have increased due to the extreme weather the UK is currently experiencing.
Biba adds eSentire as associate
The British Insurance Brokers' Association has added eSentire as an associate to offer members support on cybersecurity.
Top 5 read stories: 8-12 August 2022
The top five most read stories by brokers this week.
People Moves: 8-12 August 2022
Keeping you up to date with the latest insurance moves.
MGAs rising up GRP’s buying plans
The takeover of Global Risk Partners by Brown & Brown has enhanced GRP’s ability to buy managing general agents as well as strengthening the pipeline for deals with brokers that did not want to be under private equity ownership, according to CEO Mike…
Movo signs agency deal with CNA
Broker network Movo Partnership has added CNA to its panel of capacity providers.
Policy Expert targets doubling within five years, says CEO Steve Hardy
Policy Expert is aiming to double its one million customer count through further organic growth, adding new lines and potentially international expansion and acquisitions in the next five years, according to CEO Steve Hardy.
Aviva UK sees COR deteriorate and operating profit slip
Aviva UK’s combined operating ratio for H1 2022 has deteriorated to 95.6% and operating profit dropped to £159m from £169m in the same period last year.