Broking Break: Your top five of the week

Ten dice displaying the number five

Fraudsters, capacity changes, people moves and senior management changes made up the week’s most clicked upon stories.

5) Axa to pull out of UK life and savings
Axa UK has agreed to sell its wrap platform business - Elevate - to Standard Life.

Insurer stresses UK property and casualty not affected by disposal plans.

 

4) SMEi founders Gandy and Snowden leave management roles
Insurance Age revealed that joint CEOs of SME Insurance (SMEi) Jason Gandy and Roger Snowden have left their roles at the firm.

Gandy will leave the business while Snowden will continue to work in a consultancy role on key

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Superscript partners with Toolstation

Digital insurance broker Superscript has teamed up with Toolstation, one of the UK’s largest suppliers of tools, accessories and building supplies, to deliver the retailer’s customers access to a new insurance offering.

Analysis: Is the era of offshore capacity over, or is it poised for a comeback?

High profile casualties such as Gibraltar-based Enterprise Insurance Company (2016), and Danish providers Alpha (2018) and Gefion (2021) meant offshore capacity came under scrutiny at the end of the last decade. Today there appears to be less noise about similar players which begs the question are these overseas carriers no longer a factor? Or are they on the comeback trail? Saxon East investigate

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