News
Commercial underwriting agency, CoSaint AG, goes live
The organisation has launched its first product for the motor trade combined market, backed by NIG and Covéa, and developed an online liability portal.
Ex-Towergate and Aviva boss Mark Hodges to join RSA
Hodges will become chair of RSA UK&I once the proposed sale to Intact is completed.
Ardonagh's Ross "incredibly frustrated" with CMA over Bennetts
The CEO describes the experience, which saw the deal divested following CMA interventions, as an "extraordinary waste of money" as Ardonagh publishes 2020 results.
Insurtech So-Sure expands into home insurance
The insurance startup company, which is known for its gadget insurance, is now offering its customers home insurance as well.
Ardonagh’s Ross “angry for the industry” over "ill-informed" BI backlash
Ross says an industry working group was “on the cusp” of solving the issue around Covid-19 BI claims, when the opportunity was “taken out of our hands” due to the FCA’s test case.
Chris Giles steps down as PIB chairman
Giles, who helped create the business, remains an investor.
Ardonagh reveals £217.5m cash paid for deals in 2020
The figure includes its buy of Bravo Group, which owns Broker Network and Ethos, and its Arachas acquisition.
FCA targets wrongdoing with whistleblower campaign
The watchdog is encouraging financial services staff to report issues as part of the ‘In confidence, with confidence’ push.
Aston Lark broker renovation portal “a good step forward”
The business is also offering online training to brokers in the “daunting” renovation space.
Wrisk, Cover Genius and Iotatech named in Impact 25 report
The report, by Oxbow Partners, highlights the top insurtech providers who could make a difference in the insurance space.
Das UK launches Ride Across Britain challenge to raise money for Alzheimer's Society
Ten riders from across the industry are set to cycle 980 miles from Land’s End to John O’Groats to raise at least £25,000 for the Insurance United Against Dementia campaign.
FCA reveals insurer claims payouts following BI test case verdict
Regulator says providers have paid out £192.1m in interim payments for unsettled claims and £279.8m in final settlements at it reiterates order to pay out quickly.
Vista Insurance Brokers launches North West subsidiary
The fresh division is set to focus on construction, manufacturing, import/export, engineering, and haulage.
FCA extends dual pricing timetable
Following consultation the regulator has given firms fresh deadlines to implement rules relating to the loyalty penalty.
PIB buys specialist M&A MGA Acquinex Group in European move
Acquinex has offices in London, Frankfurt, Warsaw and Copenhagen and the deal, which follows investment from Apax, is the consolidator's third this year.
Aston Lark develops portal for renovation insurance
Brokers can use the portal to process adjustments and share documents with clients.
Meeting private equity: Simon Peet, Livingbridge
Private equity is driving an M&A boom in UK broking but often we don't know who is behind it. Insurance Age gets to know the key figures.
Pandemic pushes Ecclesiastical to 2020 loss
GWP in the UK and Ireland business grew by 7.6% while its COR worsened to 92.5%, as broking division saw modest profit rise.
SRG lifts team and CEO from AFL Insurance
Jonathan Bines and a 16-strong workforce have been hired in a non-hostile move to lead on specialist insurance, reinsurance and aid the business expansion beyond the UK.
People Moves: 15 - 21 March 2021
A round-up of market moves in the UK insurance space.
Staveley Head: £9.9m owed to unsecured creditors
The administrator’s report also showed £27.7m in claims since they were appointed.
Zurich launches global risk service
Provider says the new offering was developed to meet demand from businesses for risk prevention and mitigation services and is available to UK brokers of all sizes.
The future for broking in Scotland?
As consolidators make a land-grab in Scotland, Martin Friel investigates the future for independents in the region.
Amanda Blanc becomes Women in Finance Champion
Blanc says there are still far too many barriers blocking women’s progress in financial services, as HM Treasury notes over 400 signatories have committed to helping women progress into senior roles and setting targets for gender diversity.