Insurer
Brown & Brown buys trade credit insurance solutions specialist
Brown & Brown Europe has acquired 100% of the share capital of trade credit insurance solutions specialist, CI Group.
Alps partners with AmTrust on motor book
Add-on insurance provider Alps has moved its entire motor book, under a full delegated authority agreement, to AmTrust International.
Halo founder launches insurtech Gigasure
Ernesto Suarez has launched insurtech managing general agent Gigasure offering travel, backpackers, and car hire excess insurance.
ABI measures 2% drop in motor premiums in Q2
The average motor insurance premium fell by 2% in April to June compared to the first quarter of 2024, according to the latest data from the Association of British Insurers.
People Moves: 29 July – 2 August 2024
Stay in the loop with the latest insurance personnel moves.
Zurich sells Navigators & General to Ardonagh’s Geo
Geo Underwriting is buying marine insurance provider Navigators & General from Zurich UK, with the deal expected to close before the end of the year.
Biba to be fully engaged on FCA’s regulation reviews
David Sparkes, regulation director at the British Insurance Brokers’ Association, has committed the trade body will be “fully engaged” throughout the process for the Financial Conduct Authority’s commercial insurance regulation discussion paper.
Howden scores Allianz musical insurance book
Howden has agreed to acquire the musical insurance book of Allianz UK for an undisclosed sum with the provider staying on as the underwriter.
Interview: Axa UK looks to leverage scale - Foley
Axa Commercial can now move “quicker and price more effectively” due to a new workbench system, which is “beneficial” to brokers and customers, according to Tara Foley, CEO of Axa UK and Ireland.
Biba among trade bodies welcoming FCA’s regulation moves
The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority’s regulation discussion paper, calling it a “positive first step”.
Consumer Duty one year old – Mills stresses FCA support for smaller firms
The Financial Conduct Authority has been, and will continue to be, proportionate in its approach to supervising the Consumer Duty, according to Sheldon Mills on the one-year anniversary of the rules.
Moonrock boss on doubling broker base since MGA switch one year ago
Moonrock Drone Insurance has upped its broker engagement in its first year as an MGA, with a network hook-up, agriculture sector expansion and test flights for passenger drones all part of the equation, boss Simon Ritterband tells Insurance Age, and…
FSCS broker compensation costs fall to £600,000
The total general insurance distribution compensation costs the Financial Services Compensation Scheme paid out dropped to £600,000 in the year ended 31 March 2024, from £2m the year prior.
Aviva grows its presence in Glasgow
Aviva is moving its trading offices in Glasgow’s city centre financial district to accommodate 26 employees and serve as a base for its mid-market, distribution, schemes and GCS teams.
Axa boss Foley eyes midmarket space
Tara Foley, CEO of Axa UK and Ireland, told Insurance Age the insurer was looking to enter the “white space” between Axa and Axa XL.
FCA doubles down as it seeks to lower burden on firms and support growth
The Financial Conduct Authority has launched a review which it claimed could streamline the rules governing financial services to reduce burdens on businesses.
FCA opens discussion on commercial insurance regulation
The Financial Conduct Authority has launched a discussion paper on the regulation of commercial and bespoke insurance business.
Zurich invests $60m in cyber provider Cowbell
Zurich Insurance Group has invested $60m (£46.65m) in Cowbell, a provider of cyber insurance for SMEs.
Allianz updates motor trade product
Allianz has refreshed its motor trade product with the aim of reflecting the evolving needs of its customers and the technological changes that are affecting the sector.
Dual eyes up Bristol and Manchester for new regional offices
Dual is targeting Bristol and Manchester for the two regional offices previously promised this year, Insurance Age can reveal.
People Moves: 22 – 26 July 2024
Keep up to date with the latest insurance personnel moves.
Charles Manchester: Reflections on a career in insurance
Charles Manchester shares his reflections on the challenges and achievements during his time in the market as well as the outlook for MGAs and opportunities for the sector.
Which? finds 48% of people making claims experience at least one problem
Which? has called on the Financial Conduct Authority to take tough action against firms over claims handling failures, arguing consumers are suffering from “significant harm”.
UK pricing continues down – Marsh
Insurance rates in the UK fell 3% in the second quarter of 2024, continuing on the downwards trajectory from the previous three months, according to the latest research by Marsh.