Personal
Ardonagh reports adjusted Ebitda of £99.9m
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
TowerBrook and Warburg Pincus team up to progress AA takeover talks
Centerbridge and Platinum Equity have pulled out of discussions "by mutual agreement" as AA continues to explore options including an equity raise.
Shuker and Howden lift lid on A-Plan deal
The sale of A-Plan to Howden is believed to be valued at up to £700m.
Brokers welcome FCA's crackdown on dual pricing
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
Howden buys A-Plan to create £4bn GWP broker
Carl Shuker will continue to lead the personal lines specialist.
Tifgroup receives libel settlement and apology from The Times
The travel provider has settled with the national paper over “untrue” allegations it published in November 2018.
CMA: Ardonagh’s Bennetts buy raises competition concerns
Government body says Ardonagh and Bennetts have five working days to address the CMA’s concerns, after it found that the merged company would face “only little competition” from other much smaller motorcycle insurance specialists.
Kingfisher issues legal proceedings against Fresh sellers
CEO Jacquie Boast says the business uncovered fraudulent behaviour at Fresh, which it bought in 2018, while undertaking its recent change programme and has filed a high court claim for up to £25m.
Vantage reveals 130 job cuts as it rebrands as Kingfisher following restructure
The changes follow redundancies and the consolidation of some centres following the promotion of Jacquie Boast to CEO in early 2020.
UK Broker Awards: Winners revealed
Tune in to find out who has taken home the coveted trophies as we unveil the victors.
UKBA winners revealed at 12.00 tomorrow
Tune in to Insurance Age at 12.00 on Friday to see who will take home the coveted trophies.
Who are the top 50 personal lines brokers?
Check out the results of Insurance Age’s annual study into the top 50 brokers and providers in the personal lines market.
In-depth - High net worth: Water torture
Escape of water claims can be very expensive, but convincing clients to install leak detection systems could save brokers and customers time, money and a lot of inconvenience. Sam Barrett writes
Carrot calls on government to cut IPT for young drivers using telematics products
Broker says telematics insurance reduces young driver accidents by over 40% and adds that it saves on average £5m each year in lower claims costs.
In-depth - High net worth: Opportunities in a tough market
Rising rates, withdrawing providers and the Covid-19 crisis have hit the high net worth market, but customer service and clever use of technology could help brokers win and retain clients. Sam Barrett reports
Home insurance premiums fall after Covid-19 lockdown
Figures from Consumer Intelligence shows average buildings and contents policies fell by 0.3% in the last three months.
Brokers under attack as FCA identifies "risks of harm" in sector
In a Dear CEO letter, Roma Pearson, head of retail GI, calls on brokers to address their strategies and improve their governance and warns the watchdog will take action.
UK Broker Awards: Tune in on Friday
The winners will be revealed from 12.00 on 11 September on the Insurance Age website.
Turnover and profit slip for Arron Banks-owned Somerset Bridge
Profit for the business, formerly known as Eldon, slipped to £5.0m from £6.4m the previous year.
Parliamentary call for Co-op to review Markerstudy deal
MP, Tony Lloyd, slams Markerstudy over potential loss of 200 jobs and failure to recognise Unite and calls on Co-op to examine "moral compass" amid sale which is yet to complete.
Saga announces £150m equity capital raise
Former owner and CEO, Sir Roger De Haan, is expected to invest up to £100m in the business as he returns to the board as non-executive chairman.
Deadline extended for AA takeover talks
The three potential buyers have an additional four weeks to make a bid for the AA as the motor specialist says discussions are progressing.
Shareholders approve $30bn Aon/WTW deal
The agreement was originally announced in March this year and will see the creation of the world’s largest broker.
Abbey Autoline hits acquisition trail after rebrand
MD Julie Gibbons discusses the broker's rebrand, acquisition plans, opening up after lockdown and how the business has ended up with a female majority in management roles.