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MCE slams Gibraltar regulator after insurer arm goes into run-off
MCE condemns GFSC for applying capital add-ons on its Gibraltar-based insurance company, which went into run-off on 5 November.
RSA boosts employee benefits
The insurer develops staff proposition by improving its maternity and adoption, paternal, and shared parental leave policies.
Ardonagh reports growth in income in Q3 2021 update
Consolidator says it completed £125m of investment in Q3 including its purchase of Usay Group in the UK, as it reports significant reduction in loss for the first nine months of the year.
FSCS confirms MCE Insurance Company has failed
The Gibraltar-based business went into run-off on 5 November, citing difficulties with Solvency II, while the UK-headquartered division of the company has signed a fresh capacity deal with Sabre.
Ex Be Wiser boss Mark Bower-Dyke launches consultancy firm
Bower-Dyke tells Insurance Age about his plans for the new venture and discusses why he believes there was a gap in the market for quality advice.
Capacity and insurer relationships key priorities for broker space
Acrisure carried out a review of the broking sector, highlighting firms’ top priorities, challenges, and M&A appetite.
Ascend Broking buys SMP Healthcare
Ascend has set its sights on achieving £22-£25m in GWP over the next 24 months and flagged that a further three deals are in the pipeline.
Broker Expo: How can the industry solve its reputation problem?
Broker Expo’s panel discussion on the evolution of reputation management shed light on the issues that led to the BI test case and asked how brokers and insurers can improve their service.
AbbeyAutoline appoints commercial director
Jackie Elliott will be joining the team as the broker marks its first year in business following 2020’s merger.
Sabre expands into motorcycle insurance with MCE underwriting deal
Sabre takes over as MCE states it stopped placing new business and renewals with its own Gibraltar-based insurance arm, MCE Insurance Company, on 5 November.
Insurance trade associations create fair value template
In an attempt to help firms better prepare for the Financial Conduct Authority's new product governance rules, trade associations representing the general insurance market have produced a fair value assessment template.
Insurance Age relaunch: Don't miss our product hub
Check out the website's fresh section, Product Hub, for in-depth features and content spanning 11 product lines.
David Howden calls for collaboration in disaster relief funding
At the World Climate Summit, Howden stressed insurance was the key to unlocking the private capital needed to address the £14.8bn ($20bn) disaster relief shortfall.
GRP-owned Premier Choice Healthcare buys PMI broker
Deal for Equity Health Solutions is PCH's second since becoming part of GRP in 2020.
Hastings reports increased profit in Q3 2021
The provider's profit before tax hit £103m, highlighting an increase in customer policies despite premium reductions across the sector.
People moves: 1-5 November 2021
Keep up to date with the latest people moves in the insurance sector.
Granite buys telematics broker Carrot
The insurtech specialist will retain its office in Crewe following the deal.
Gallagher appoints Derek Henry to lead micro-SME
Henry, formerly of Brightside, will also be MD of personal lines as the broker zones in on digital innovation.
News analysis: Consolidators put up 'for sale' signs
Following Howden’s acquisition of Aston Lark, Insurance Age reached out to M&A advisers and brokers to get some insight into the future for the current crop of consolidators.
Are you ready for Broker Expo?
The agenda for the event, which takes place on 11 November, has been revealed so sign up today and secure your place.
Percayso unveils no-code data enrichment product
The solution is available to brokers, insurers and MGAs across personal and commercial lines.
Biba hopes "win-win" flood directory will help improve industry reputation
Executive director Graeme Trudgill says signposting service is a chance for the industry to come together and urges brokers to get involved.
FCA warns brokers have "failed to understand" impact of product governance rules
In a Dear CEO letter to the industry, the regulator highlights that the rules, which came into force on 1 October, apply to all personal and commercial lines brokers.
Allianz launches sustainable procurement charter
With this charter, Allianz says it aims to encourage suppliers to reduce carbon emissions, recycle waste, use renewable energy, and consider biodiversity.