News
IGI unveils intellectual property product
Insurer says policy will complement its legal expenses offering.
UKBA: Konsileo founder says start-up broker award made it feel like “we’d arrived”
Win added to the firm’s recruitment initiative.
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AIG Europe moves back into profit
The business underwent a restructure in 2018 in preparation for the UK’s exit from the EU.
Erskine Murray buys Houghton Insurance Bureau
Bedfordshire-based broker is the company's third deal in 18 months.
Tesla teams up with Markel on insurance program
News comes less than a week after Tesla CEO Elon Musk said the company would launch a "compelling" car insurance product in May.
RSA hires personal lines MD in management reshuffle
Provider announces a number of senior departures as Ardonagh Group’s Kay Martin joins.
McGinn details Allianz commercial redundancies
The business has proposed to close two branches and make 97 people redundant.
MS Amlin adds digital trading solution to agricultural motor product
Firm says the platform will provide full-cycle functionality and a quick quote option.
QBE adds live chat feature to its FastFlow platform
Provider says feature allows brokers to get questions answered more quickly.
GRP hub Greens buys two South East brokers
Reid Briggs and Clifton Morley together bring a GWP of £9.2m to Greens.
Abbey Legal becomes Markel Legal Expenses Insurance
Firm hopes that it will streamline the client experience.
GRP’s Cavendish Munro buys PI broker
Professional Insurance Agents is the first deal for Cavendish Munro since it was bought by Global Risk Partners in 2016.
Allianz puts 97 roles at risk of redundancy amid branch closures
The provider has proposed closing its Woking and Luton offices but McGinn stressed the business remains committed to brokers.
Lloyd’s reveals strategy change
The aim is to simplify access to the global insurance market and reduce the costs of doing business at Lloyd’s.
CII updates corporate chartered position for the insurance market
Proposition features five new elements and the priorities will be implemented from July 2019.
Arch UK to expand into cyber
The product will be sold by brokers and is aimed at supporting SMEs following a cyber event.
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Stephen Catlin strikes out with fresh insurer
Catlin is working with deputy CEO Paul Brand and the business starts with $1.8bn of capital with the firm looking to underwrite insurance and reinsurance for complex speciality risks for a range of commercial lines in Bermuda and London.
FSCS confirms final levy for 2019/20 at £532m
The amount is £16m more than the organisation forecast it would be back in January and relates partly to “continuing costs in some historic insurance failures”.
Axa threatens 125 claims roles
The possible redundancies come amid a restructure and business “simplification” and follow 106 roles being placed at risk last month.
Cost of motor insurance falls again
Survey by ABI reveals average motor insurance premiums dropped for the fourth quarter in a row.
Biba partners with Opus Underwriting for Intellectual Property scheme
The policy offers specialist legal expenses cover and is backed by A-Rated capacity.