United Kingdom (UK)
IFB reveals new ‘crash for cash’ hotspots across UK
The Insurance Fraud Bureau has detailed the top 10 new areas targeted by ‘crash for cash’ gangs as it warned drivers to be vigilant of the scam.
Ex-Axa leader David Williams joins Humn
David Williams has joined commercial motor insurtech Humn as a non-executive director.
FCA warns on areas of harm in wholesale market
The Financial Conduct Authority has zoned in on wholesalers, MGAs, the London Market and consolidators and warned that firms have “not fully embraced its key messages” around product oversight or firm culture and purpose.
Abacai motor brand Boom hits the market
Mark Wilson-led Abacai has rolled out motor insurance brand Boom.
LV adds Sam Dansey to lead home underwriting
LV has appointed Sam Dansey to head up its home underwriting team joining from Flood Re, Insurance Age can reveal.
Top 5: Most read on Insurance Hound in April and May 2022
Whitepapers from Insurance Post, Ansvar, AX, LexisNexis and SAS were most popular during the period.
FloodFlash stakes claim for 'smart quote' as "paradigm shift" in mass market parametrics
FloodFlash has released 'smart quote' in its biggest update to its broker platform since launching in 2019.
People Moves: 6 - 10 June 2022
Keep up-to-date with the latest job changes in insurance.
Howden buys TigerRisk
Howden Group has bought reinsurance broker and risk capital advisor TigerRisk Partners.
County Group buys Taylor Francis
GRP-owned County Group has bought the business and assets of Taylor Francis in its fourth deal of the year.
FCA hit by second wave of strike action as Unite says regulator in deep crisis
Unite members have gone on strike at the Financial Conduct Authority for the second time in a walkout scheduled to last 48 hours.
Burns and Wilcox eyes £60m-£65m in GWP
The MGA and underwriting business has experienced “significant growth” since it was created in 2019 and is open to M&A as a tool for growth according to CEO, Stuart Kilpatrick.
MGAA creates technical services manager role
The Managing General Agents' Association has appointed Tim Richards to the newly created position of technical services manager which has been developed to boost the trade body's growth strategy.
JMG eyeing up more deals after flurry of Scottish buys
Both JMG and recent purchase GS Group are on the lookout for more buys, according to the businesses’ leaders.
Greenwood Moreland buys R C McLeish
Greenwood Moreland has bought R C McLeish Insurance Consultants in Lanark in its first deal since joining JMG Group.
Biba welcomes Travelers Europe as a partner
The British Insurance Brokers’ Association has teamed-up with Travelers Europe taking its partners total to 19.
ABI lays out five climate change demands of government to take “handbrake off”
The Association of British Insurers has called on to government to do more to enable the insurance and long-term savings sector to maximise the vital role it has to play in tackling the climate change challenge.
One Sure buys Unicom from Tradewise liquidators
One Sure Insurance has bought the motor trade specialist Unicom Insurance brand, customer base and systems with all staff moving across as part of the deal, Insurance Age can reveal.
UK buys on the horizon as Acrisure closes $725m funding round
US headquartered Acrisure has been valued at $23bn (£18.33bn) in its latest funding round.
Dirty Martini cocktail chain owner files £4m BI legal case against QIC Europe
CG Restaurant has opened a £4m business interruption legal proceeding against QIC Europe at the High Court in London.
Momentum reveals £100m GWP goal
Appointed representative network Momentum is targeting £100m in GWP in the next three to five years, according to managing director Howard Pepper.
Insurance ban on Russian oil ships - report
The UK and EU have teamed up to ban the insurance of ships carrying Russian oil, the Financial Times has reported.
Richard Lloyd steps up as interim chair at FCA
Richard Lloyd has become chair at the Financial Conduct Authority on an interim basis taking over from Charles Randell.
Interview: Sue Langley, chair of Gallagher UK
The Gallagher leader discusses her time in the job, making deals and the insurance sector’s need for talent along with sharing her views on improving diversity and inclusion in the market as well as how she coped with lockdown.