News
Covéa promotes James Gearey to personal lines head following Geldard departure
He joined in 2019 as corporate development and strategy director.
Insurtech Cloud Insurance hires ex-Scheme Serve director for UK launch
Norwegian-based insurtech start-up Cloud Insurance has opened a UK office and is targeting brokers, MGAs and insurers working in niche sectors such pet and health/well-being.
Genasys launches white-label customer portal capability for UK clients
The platform enables brokers to offer clients a digital quote and buy experience.
GRP-hub Birrell Group buys commercial broker
Birrell, which trades as Kingsway, became part of GRP in January this year.
Pressure groups’ fury at Supreme Court BI appeals
Eight parties in the FCA business interruption court case have been allowed to leapfrog appeals to the Supreme Court as QIC Europe is denied right to join the test case and Ecclesiastical withdraws.
Peach PI launches for broker market
The provider is backed by insurer NPA Insurance and offers PI and property cover.
Blog: Cyber insurance is now a necessity for SMEs
NMU’s Matt Drinkwater discusses the increased threat of cyber-crime amid the Covid-19 pandemic.
Brokers on alert as FCA puts client money under the microscope
In a fresh dear CEO letter to brokers, interim CEO Christopher Woolard warns that the regulator is assessing firms’ arrangements and tells brokers it is imperative to safeguard the client money they hold for customers.
Manchester Underwriting buys MGA Pinpoint renewal rights
The Pinpoint underwriting team will move across to MUM with immediate effect.
Aviva teams up with Prestige on personal lines home market
The five-year distribution deal builds on an existing relationship where Aviva underwrites motor policies for Prestige.
Ardonagh buys Lloyd Latchford
Motor broker will be brought into the Atlanta Group, joining Autonet, Carole Nash and Swinton.
People Moves Round-up: 28 September - 2 October 2020
Keep up to date with the latest people moves.
Broker Littlenlarge bought by Verastar
The SME service provider, which also owns The Insurance Octopus, has purchased the commercial property specialist for an undisclosed sum.
Nigel Phillips takes helm at CDL
Gary Johnson has taken up the post of chairman for the tech provider as founder Tom Hogg steps down.
SEIB buys Colchester-based WRS Insurance Brokers
WRS specialises in the social welfare sector and provides cover for charities, churches and care and community groups.
FCA prepares appeal after it fails to reach agreement with insurers in BI test case
Regulator says it will continue discussions with insurers and action groups to find a solution for the outstanding issues as soon as possible.
HG invests in Howden-owner Hyperion
The deal places an enterprise value of $5bn on Hyperion and provides it with $1.5bn to acquire and invest in data and technology.
Zego partners with Bravo Group to offer fleet product to networks members
Compass and Broker Network members will now have access to the insurtech’s fleet products.
Paul Evans joins Allianz as chairman
The former UK and group CEO for Axa will oversee Allianz Insurance and LV General Insurance.
CMA forces Ardonagh to u-turn on £26m Bennetts buy
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
FCA and insurers apply to leapfrog appeals to Supreme Court in BI test case
Regulator says discussions between the parties involved in the case continue ahead of the next hearing on 2 October, as the watchdog along with seven insurers file "precautionary" applications to skip Court of Appeal.
Ardonagh reports adjusted Ebitda of £99.9m
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
Howden acquires again to bolster position in PI market
Howden has reached agreement to acquire St Giles Legal & Professional Risks a professional indemnity insurance broker specialising in the UK solicitor sector.
Clear CEO reveals next steps after "brilliant" Brokerbility deal
Howard Lickens discusses plans for the Brokerbility Network following the transaction, which also increases Clear's regional presence, particularly in the Midlands.