NIG
Market Moves: September 2023
All the latest key personnel moves across the insurance market.
Markerstudy deal will deliver steroid like boost to Atlanta, says Donaldson
Ian Donaldson, Ardonagh Retail CEO and inbound Markerstudy Retail CEO, has hailed the proposed merger as being able to boost growth, product footprint and acquisitions but declined to be drawn on any interest in RSA’s personal lines business.
With Atlanta sold, what will Ardonagh do with the funds it pockets?
Jonathan Swift looks at Ardonagh’s recent growth, and suspects that a larger percentage of the £820m windfall from the Atlanta sale is going to be spent overseas rather than at home.
Long time coming: Why the RSA deal for NIG is ‘win-win’ for Intact, DLG and brokers
‘Not In Group’ has been seen as an accurate reading of the acronym NIG for a while now. Jonathan Swift looks at why the long-mooted acquisition target might finally become the ‘Nicely Integrated Gang’ within its new home RSA.
RSA boss Norgrove in broker service promise after NIG deal
RSA CEO Ken Norgrove has vowed to maintain NIG’s high standards of broker service following the acquisition of the SME-specialist provider.
Brokers warn RSA not to lose NIG’s ‘sparkle’ in takeover as market diversity diminishes
Brokers have expressed their sadness at losing another market, but acknowledged the proposed takeover of NIG by RSA could be superb for both parties – provided the integration is handled properly.
RSA swoops for NIG and FarmWeb in £520m deal
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line Insurance Group to acquire its brokered commercial lines operations, including NIG and FarmWeb.
Broking Success: Targeting the 100-year milestone
WH&R McCartney is believed to be the oldest independent broker in Scotland. With only a handful of years left to go until its centenary, directors Graeme Robb and Alan Kirkwood are confident of further growth and success for the Motherwell-based firm.
Brokerbility teams up with Broker Insights on bespoke service for members
Brokerbility has signed up with data provider Broker Insights to deliver a bespoke platform for members, Insurance Age can reveal.
Commercial grows at Direct Line as group falls to £45m loss
Direct Line grew commercial business across NIG and its own direct brands by 14.7% in 2022 to £749.3m of gross written premium.
Bravo unveils ‘biggest transformation’ in broker network trading for two decades
Bravo has hailed its latest launch as “the biggest transformation” to how broker networks add value for members in the past 20 years.
Former NIG boss Greenwood named Direct Line acting CEO as James steps down
Direct Line Group has appointed Jon Greenwood as acting CEO following Penny James stepping down from the permanent role with immediate effect.
Roll of honour - brokers reveal UK’s best commercial lines insurers
Exclusive research from Insurance Age places NMU first, with Covéa Insurance and CFC Underwriting in close contention, Rachel Goron reports.
Products: November 2022
Product launches including cover for smaller contractors, SME excess of loss, community enterprises and embedded scheme business
Focus joins forces with NIG to launch contractors liability facility
Specialist construction managing general agent Focus has teamed up with NIG to launch a contractors liability facility designed especially for smaller contractors.
Insurers and brokers pay their respects to Queen Elizabeth II
Insurance brokers and insurers have paid their respects following the death of Queen Elizabeth II yesterday.
Allianz tops Brokerbility insurer service survey
Allianz has been awarded the highest overall satisfaction rating with a score of 74.9% in the latest survey of members by Brokerbility.
NIG posts policy count and GWP rise for 2021
Owner DLG reported gross written premiums of £3.17bn with profit after tax of £343.7m.
Brokers praise insurer response to storms claims
Storms Dudley, Eunice, and Franklin could cost UK insurers more than £400m in claims, according to Moodys.
NIG grows 16.4% in H1 2021
Direct Line Group reported that its commercial division, including NIG, delivered an increased operating profit of £43.6m.
Interview: Jaime Swindle - Bravo Networks
Managing director Jaime Swindle talks to Insurance Age about the network's newly created brand, details its new proposition, and explains why networks are an upward trend.
Commercial underwriting agency, CoSaint AG, goes live
The organisation has launched its first product for the motor trade combined market, backed by NIG and Covéa, and developed an online liability portal.