News
aQmen refreshes faith insurance policy
The PIB-owned underwriter first introduced the cover in 2015 and has added cyber loss recovery plus a number of features to the policy.
Acturis revenue hits £62.2m in 2017
Profit remained stable as expenses increased from £32.4m to £39.1m.
Best year for UK motor insurance market since 1994, says EY
Research shows second best underwriting result since records began in 1985.
APC’s Russell hails Folgate’s market return
The insurer is set to write business lines including property, liability, warranty and PI and is targeting £50-60m GWP by January 2019.
Construction broker calls for aggregator ban
Mark Herbert, MD at Construction Insure, urged housing minister Dominic Raab to stop price comparison sites offering quotes to small businesses in the construction sector.
Folgate to start writing business again
The Folgate business will be underwritten by its owner APC Underwriting.
Arnott Marine launches offshore and subsea product
MGA targets small and medium sized UK brokers.
Nigel Phillips predicts further growth for CDL after record year
Business investing in chatbots and virtual voice technology for brokers.
ERS offers specialist motor breakdown cover
The product has been designed for people with “non-everyday” vehicles and is only available through brokers.
#Insagepeople: 25 - 29 June 2018
Stay up to date with the latest people moves.
Beech launches terrorism product for contract works
New offering can be bought on a maximum limit basis.
Policyfast to focus on innovation following Coversure MBO
Wholesale arm of the broking group is currently in discussions to get products added to software houses.
Report suggests Amazon could expand Protect product
However CB Insights said that Amazon acting as more than a distributor in the home market was “unlikely”.
Markerstudy Retail drops Premium Credit for Close Brothers in five year deal
Close Brothers to provide premium finance services to the broker.
Paragon partners with AIG on exclusive wholesale solicitors PI offering
New arrangement designed for two and three partner solicitor practices in England and Wales.
Insurance Cares: FCA challenges industry to help vulnerable customers access insurance
Regulator to work with the sector to make it easier for people with pre-existing medical conditions to access specialist travel insurance providers.
Ceta posts rising numbers for MBO year
Profit and turnover increase at the broker.
InsurTech Futures: LexisNexis rolls out software to tackle ghost broking
Service also aimed at preventing fronting on motor quotes.
CDL turnover breaks through £50m in 2017
Post-tax profit dips as investment continues.
FCA's travel costs remain the same after the Brexit referendum
Figures show Brexit process has not led to a spike in FCA travel costs - regulator has previously complained of being shut out of talks.
Broking Break - Your Top 5
Three stories dominated this week - Allianz's acquisition appetite, MS Amlin's household exit and Grahame Chilton's planned move away from Gallagher.
Quizzical questions: 22 June 2018
Test your knowledge of the week's news with our topical quiz.
Clear Group mulls private equity options
CEO Howard Lickens says private equity is the most obvious area to work with in order to fund the broker’s long term strategy.
Bank of England has spent over £1.5m on GDPR
Freedom of Information request reveals a budget of nearly £2.5m.