News
RSA sells home and pet books to Admiral and confirms UK PL withdrawal
Intact Financial Corporation has reached an agreement to sell RSA’s UK direct personal lines operations, representing approximately £165m of annual premiums, to Admiral Group.
A fifth of UK businesses victims of cyber-attacks in past year
Research by Aviva has found one in five businesses have been victims of a cyber-attack in the past year, with only 17% of small businesses having a cyber policy in place.
QBE joins Biba as partner
The British Insurance Brokers’ Association has added QBE as a partner, its 23rd in total.
FOS to drop levy to £70m from £106m
The Financial Ombudsman Service is consulting on lowering its levy by £36m for the 2024/25 financial year to £70m, as it projected reducing income by £51m.
Ripe adds motorhomes and campervans to portfolio
Insurtech broker Ripe has expanded its product portfolio with the launch of motorhomes and campervans insurance.
Markel recruits Axa’s Jo Sykes to lead broker business
Markel has appointed Jo Sykes as divisional director for the UK broker channel.
Hallsdale Insurance buys ABR Insurance
The Broker Investment Group-backed Hallsdale Insurance has bought Allbright Bishop Rowley Insurance, based in Leicester.
Ex-Brightside and Markerstudy boss Martyn Holman adds Canford Law to portfolio
Martyn Holman has joined Canford Law as a board advisor to help in the strategic development of the business as it seeks new opportunities in the insurance market.
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Clear Group continues expansion with P W White & Partners purchase
The Clear Group has bought the entire general insurance book of regional intermediary P W White & Partners.
Polaris updates imarket with £1.5m investment
Polaris has updated its flagship digital trading platform imarket following a £1.5m investment.
Beat Capital Partners launches accident and health business
Beat Capital Partners has launched RedRiff Agency, an accident and health underwriter with Peter Wilkins as CEO.
Tributes paid to Gallagher chair and ex-Pavey Group MD Graham Brown
The former MD of Pavey Group and latterly chair of Torquay and Exeter at Gallagher UK Graham Brown has passed away.
Broker launches first tool as part of AI roll out
Broker Miller has launched a new AI tool for colleagues, based on technologies from Microsoft and OpenAI.
People Moves: 27 November – 01 December
Follow the latest personnel moves in insurance.
Rokstone launches contingency portfolio
Managing general agent Rokstone is launching a contingency portfolio promising a same-day quote turnaround for brokers.
Ecclesiastical strikes third scheme deal of 2023 with Towergate Care
Ecclesiastical has continued its expansion into the scheme space by partnering with Towergate Care to offer property capacity for larger care home providers.
Prestige teams with Open GI on Coverall update
Prestige Underwriting has partnered with Open GI to launch a refreshed version of its non-standard home proposition, Coverall.
Walsh and Newman to exit after Lloyd’s misconduct investigation into CFC
CFC group CEO David Walsh and Graeme Newman, CEO of CFC Underwriting, will leave in 2024, the provider has confirmed following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct at the company.
Bspoke signs up to buy Police & Forces Mutual personal lines books from Royal London
Bspoke Insurance Group has struck a deal to buy the personal lines elements of the Police & Forces Mutual businesses – Police Mutual Healthcare and Police Mutual General Insurance – from The Royal London Mutual Insurance Society.
Tesco enters non-standard home with Prestige partnership
Tesco Bank has moved to offer non-standard home insurance to customers via a partnership with Prestige Underwriting.
Markel’s State National to bring capacity to UK MGAs in 2024
Markel Group’s State National Companies will be entering the UK on 1 January 2024 with capacity for managing general agents, focusing on specialty commercial lines in a move designed to support an “underserved” market.
Product recall MGA to target regional brokers with new division
Specialist product recall insurance managing general agent BluNiche has unveiled a Birmingham-based offshoot to target regional brokers and their SME clients.
Tokio Marine HCC International expands in Manchester and Birmingham
Tokio Marine HCC International has invested in new premises in Manchester, and revealed underwriting appointments in the city and Birmingham as it pursues growth in the UK regional professional risks market.