News
SchemeServe creates scheme sharing facility with capacity from seven providers
The facility, which was developed in response to changes in insurer appetite due to the pandemic, will connect brokers and MGAs looking for capacity for new or existing schemes to a panel of providers including Axa, Ecclesiastical, Hiscox, Arag, and Pen…
Bravo Networks revamps broker proposition
The Ardonagh-owned business, which includes Broker Network and Compass, says the new structure will help grow, protect and support members as they adapt to industry pressures.
Countrywide pulls out of broker-distributed business
The legal indemnity specialist, which had been working with around 80 brokers, says it has decided to revert to a sole focus on solicitors.
Marshmallow denies stealing trade secrets
Mulsanne launched a case against the start-up in March this year and is seeking to claim £39m in damages.
Biba questions need for flexible working charter for brokers
Biba's Steve White says trade body will provide assistance if members ask for it, but a charter similar to the one launched by the ABI is not on its agenda, while brokers say they are already embracing flexible working.
People moves: 4 - 7 May 2021
The key job changes in the world of insurance this week.
Markerstudy moves into brokered home cover
The MGA has teamed up with Accredited to expand its home insurance offering.
Zurich launches mental health tool
Head Lines: The provider has developed a free tool that firms can use to identify and manage the mental health risks associated with their workforce.
Dave Clapp takes over as MVP and Ataraxia CEO
James McCaffrey is to retire but will retain a non-executive interest in the Peter Cullum-owned insurance investor.
FCA spent nearly £4m on dual pricing market study
Staff costs made up most of the total spend as the FCA also reveals it received 101 responses to its consultation paper outlining proposed remedies, which included a ban on dual pricing practices.
Direct Insurance becomes Aventum
It’s UK broker operation, Direct Insurance London Market, has been re-named Consilium as part of a business restructure as the group teases M&A plans.
GRP completes Marsh Networks deal
The networks business has been rebranded to Hedron and will continue to be led by David Hopwood who has joined the GRP executive team.
PIB-owned Cobra "on track" to reach 2021 growth target
Following Les Brewin’s comeback into the industry, Insurance Age looks into what his ambitions are for Cobra, how the network has been "reinvented" since being taken over by PIB, and what CEO Andy Tedstone has in mind for the company's future.
"No silver bullet" to fix industry reputation after BI backlash, says MGAA's Keating
Keating discusses the business interruption test case and the FCA's £7.5m special levy to recover the costs as he urges brokers, MGAs and insurers to pull together and rebuild trust in the sector.
Paul Trail exits Close Brothers
The move comes just eight months after he took the MD position and has resulted in a management reshuffle at the finance provider.
Mulsanne v Marshmallow legal case to split
Court documents show the trial as to liability will take place this year after Mulsanne accused Marshmallow of stealing trade secrets.
Chubb and Marsh collaborate on Covid-19 vaccine cover
The cover will be available to individuals in 92-lower income countries in case of serious adverse reaction to the jab.
CFC creates Lloyd's syndicate
The syndicate has planned gross premium of over £100m for its first year of trading and will be managed by Asta Managing Agency.
People moves: 26 - 30 April 2021
The key job changes in the world of insurance this week.
Gallagher takes South West lead from RSA
Richard Horne has been appointed as regional director for the region at Gallagher.
Aviva opens buildings cover for properties affected by cladding to new customers
Move follows large premium increases in the market after the Grenfell fire and the provider urges brokers to sell the product net of commission on a fee basis to keep costs down.
ABI launches flexible working charter
Signatories, which include Aviva, Ageas, Allianz, Covea, Ecclesiastical, LV, and Zurich, commit to opening up the majority of their roles to flexible working, job sharing and part-time working.
Shepherd Compello appoints chief broking officer
The specialist insurance broker has chosen Steve Hart for the role.
LexisNexis urges brokers to focus on data or risk being "left behind"
The company is gearing up to launch two more products aimed at brokers in the near future.