News
Market “appalled” by revelations made during Gallagher/Ardonagh staff poaching trial
Experts are concerned about the case's impact on the reputation of insurance. Nawaf Hasan has also requested an apology from Gallagher after "fat complicated arab" comments.
Aviva return to AA panel confirmed
Provider exited the AA portfolio around 11 years ago shortly after buying its rival RAC.
Aon moves jurisdiction from the UK to Ireland due to Brexit
Broker is retaining its London headquarters and noted that its “commitment to the UK and the important London insurance market remains unchanged”.
Biba launches guide to no deal Brexit
Organisation created the guide with KPMG as a follow-up to last year's Brexit navigator.
Marsh hires new Manchester office head
Mark Mansfield to take overall responsibility for Marsh’s corporate clients in the region as the broker looks to develop its operations in Manchester.
SRIL buys Square Mile Broking
Square Mile joins Miles Smith and The Underwriting Exchange as SRIL’s broking portfolio grows.
AmTrust appoints lead underwriter for professional indemnity
The move is part of a restructure which will see AmTrust’s former lead underwriter for PI, Russell Newell, move across to its PI MGA, Collegiate.
Judge slams insulting religious references in Gallagher and Ardonagh case
Staff poaching claims brought against Ardonagh were dismissed in Friday’s judgment but one case of solicitation was upheld.
B.P. Marsh invests £1m in Lloyd's broker Lilley Plummer
PE firm takes a 30% stake in the specialist marine broker.
Aston Lark buys Lloyd’s broker Protean Risk
Acquisition is Aston Lark’s first since securing £320m in financing from Goldman Sachs.
Revenue falls at Hastings amid rising claims inflation
Firm said it would apply price increases to keep its full-year loss ratio within target.
Lisa Powis joins PremFina advisory board
Powis, who sold broker Fresh Insurance in 2018, previously joined advisory board of tech firm Iotatech in November 2018.
People Moves Round-up: 21-28 October 2019
Keep track of the most recent market moves.
Nearly half of brokers unaware of SMCR, research finds
Senior Management and Certification Regime (SMCR) will apply to insurance intermediaries from 9 December 2019.
Ardonagh staff poaching claims dismissed in court
Gallagher has agreed to pay £3.1m towards the defendants' costs.
Dual Asset partners with Aviva on legal indemnity insurance
Dual will continue to underwrite enquiries from its own distribution channels as well as all enquiries received by Aviva.
Brokers puzzled as Markerstudy reports £217.3m loan deadline
Insurance Age gauged the mood of the broker market and found strong support for Markerstudy's future prospects.
CRL Management likely to close amid Alpha fallout
Alpha was CRL's sole provider until it went bankrupt last year, and CRL has filed a document on Companies House which proposes the firm is wound up.
Experts urge pet providers to turn to social media
A GlobalData report suggested that engaging with pet influencers on Instagram and Facebook could benefit insurers and brokers.
CII to focus on money at Insuring Women's Futures event
The body has challenged brokers and insurers and financial advisers to speak to at least ten women about how they can improve their financial situation in Talk Money Week.
Personal lines cyber cover is untapped market, analyst claims
GlobalData said growth was dependent on more households owning connected devices.
IUA sets up construction group
Group formed amid ongoing issues with capacity in the construction market.
GRP-owned Sagar takes branch director from Towergate
Former Halifax branch director has joined the firm as managing director.
Insurers most at risk from FCA pricing review named by analyst
Analyst firm Peel Hunt highlighted Direct Line, RSA and Saga as particularly vulnerable.