News
Marshmallow awarded costs as court battle with Mulsanne continues to rage
The insurtech start-up was also ordered to provide information ahead of a trial later this year in a legal case that centres around Mulsanne accusing Marshmallow of stealing trade secrets.
Biba launches home insurance scheme
Biba has stated that the scheme offers comprehensive cover, including unlimited buildings cover and £80,000 of contents cover with a single unspecified item limit of £5,000.
Brokers ordered to review client money arrangements
The Financial Conduct Authority has written to intermediaries to remind them it will fine businesses if misconduct occurs as it highlights key failings.
Gary Duggan named Tesco Underwriting interim CEO
He replaces Steve Kingshott, who has taken on the Saga CEO position that Duggan vacated in 2020.
Castle Insurance Services buys Seaham-based broker
MD Paul Younger says Castle has further deals in the pipeline as it targets £10m in GWP.
JM Glendinning parent buys first broker in the South
Bickley Insurance, which is based in Surrey, has been purchased for an undisclosed sum.
Ageas confirms job cuts in Bournemouth
Provider says the decision follows a shift in how customers want to interact with the business and that no broker-facing roles are affected.
People Moves: 28 June- 2 July
Stay up-to-date with the latest job changes in the world of insurance.
More acquisitions in the pipeline after Jensten closes largest deal to date
CEO Alistair Hardie discusses Jensten's acquisition strategy and why Tasker "fits the bill" for what the business is looking for.
Biba enhances travel scheme cover
A Covid-19 extension has been added for vaccinated people travelling to certain countries.
Partners& buys loss adjuster Kudos
The broker hopes that the purchase will offer clients and insurers a better overview of risks.
Market moves - July 2021
The latest recruitment news from around the industry
Peter Blanc named as next CII president
He will take over the role from Aon UK boss Julie Page in January.
Aviva to invest millions in GI growth
The new UK GI CEO, Adam Winslow, highlights broker support as he flags “millions” in investment going forward as the insurer focuses on growing GI’s role within the group.
CFC adds risk management service to eHealth product
The provider has said the service is the first digital training solution designed specifically for telehealth providers.
Jensten buys Tasker
Deal includes Tasker Insurance Brokers, Tasker & Partners, and Gresham Underwriting and brings £50m GWP to Jensten.
Joe Henderson selects Teesside for Attis branch opening
It is the third location for Henderson's newest venture, Attis Insurance, which he developed after selling Henderson Insurance Brokers to Aon in 2017.
Opportunity for brokers to drive change in motor insurance
By Bits' Callum Rimmer encourages brokers to step in after survey reveals gap between what motor insurers are offering and what their customers want.
Thomas Carroll turnover nears £12m
The Welsh broker has reported an overall increase in profits as CEO Rhys Thomas highlights the importance of investing in the company’s team.
Towergate launches commercial and property quote and buy scheme
The broker has teamed up with SchemeServe to develop the platform which offers a combined commercial and residential property owners’ scheme.
FCA's product governance rules to have "significant ramifications" for commercial brokers
Compliance expert Branko Bjelobaba urges commercial lines brokers to pay attention as the FCA zones in on fair value across the whole of the insurance sector.
Hiscox agrees settlement with business interruption action group
Hiscox and the Hiscox Action Group said the arbitration proceedings have been resolved "to the mutual satisfaction of all parties".
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Willis IRM buys Playle Russell (Special Risks) and Thatchline
The Belfast-based broker is taking further steps towards its UK expansion with its Southern England purchase.