Insurer
CLS launches public procurement indemnity policy
CLS claims the policy will help open up a new market to brokers.
People Moves Round-up: 7-11 October 2019
Keep track of the past week’s market moves.
Quizzical questions: 11 October 2019
Test your knowledge of the week's news with our topical quiz.
CMC employee jailed for fraud and abuse of position
The individual stole nearly £18,000 from the CMC and attempted to steal approximately £17,000 more.
CII commits to mental health agenda with Inside Out Leadership Charter
Organisation has committed to specific principles involving mental health such as talking about mental health and well being at board meetings at least twice per annum.
Blog: Do you know how to help a stressed workforce?
On World Mental Health Day Matthew Reed, of Equipsme, discusses how stress can hit workers and outlines what SMEs, including brokers, can do to help staff.
Gefion secures €6m recapitalisation deal
The unrated Danish provider has been looking to recapitalise since July when the Danish regulator ordered it not to increase its volumes of business due to its solvency situation.
"Golden age for brokers" as FCA cracks down on dual pricing
Consumer Intelligence CEO Ian Hughes points to opportunities for brokers as the industry deals with the "crack cocaine" of insurance, dual pricing.
Broker Expo: Insurance Age to reveal exclusive research
Insurance Age’s largest broker survey will reveal average commission levels, broker opinion on consolidation and unrated insurers, and brokers' 2020 strategies.
Brokers warn dual pricing debate should not focus solely on price
Experts say the FCA should also consider value and quality of service, after the regulator hinted at a potential ban on dual pricing in its interim report.
Blog: Next steps for the insurance sector as FCA cracks down
Former head of GI at the FCA, Michael Sicsic, reflects on the regulator’s interim report into dual pricing.
Wrisk to partner more with incumbents, says new CEO
InsurTech Futures: Nimeshh Patel, who took over the CEO role from Niall Barton, says the start-up is looking to increase its presence in the UK insurance market.
XL Catlin settles law suit against Rural Insurance Group - report
Law360 says breach of contract law suit related to a deal between the two companies in 2014.
Matthew Reed joins SME delegation to Number 11 Downing Street
The Equipsme founder calls on chancellor Sajid Javid and the government to make it easier for small businesses to look after the health and wellbeing of their staff.
Blog: A view from the industry’s oldest InsurTech
InsurTech Futures: Vivek Banga describes how insurance tech incumbents can help to drive the industry forward.
People Moves Round-up: 30 September – 4 October 2019
Here are the latest people moves in the market.
FCA denies dragging feet on dual pricing
Christopher Woolard outlined the findings of the regulator’s general market study into pricing and pledged to examine industry impact of the recommendations.
Market warns of "unintended consequences" following FCA dual pricing study
The sector has welcomed further consultation on the proposals which include a potential ban on dual pricing.
FCA considers ban on dual pricing practices
Regulator publishes interim findings in its general insurance pricing practices market study and states that the home and motor insurance markets are not working well for customers.
The Blog Spot: Time to say #MeToo
Following her news analysis on sexism and harassment in the regional broker space Ida Axling reflects on her own experiences.
Canopius finalises AmTrust at Lloyd’s merger
Provider says move will create a top-five insurer at Lloyd’s with combined premiums of about £1.8bn, but admits that a small number of people are at risk of redundancy as a result of the deal.
News analysis: Brokers upbeat over RSA restructure
Market welcomes the provider’s move to combine its commercial divisions and attempt to simplify its offering
Brokers warn redundancies at MS Amlin are “inevitable”
Experts say the restructure is understandable but could lead to office closures as Amlin pulls out of nine business lines.
£60m capacity deal for Aqueous as it seeks to be "sustainable" for brokers
The MGA, which specialises in SME hospitality, leisure and PI, has teamed up with QIC Europe.