United Kingdom (UK)
FCA speeds up permission removal process
The FCA has confirmed it will use new powers to cancel or change more swiftly the regulated activities firms are permitted to do as it bolsters its ‘use it or lose it’ initiative.
Income and Ebitda up at Ardonagh Advisory in Q1
Ardonagh Advisory has posted a surge in income for the first three months of 2022 to £95.5m.
Hug Hub to launch broker extranet service
Insurtech Hug Hub is to rollout an extranet service this summer in a move it said would save commercial brokers up to 75% of the processing cost in placing e-traded SME risks.
Aviva grows UK GWP by 4% in Q1
Aviva has posted a 4% rise in UK gross written premiums for the first quarter of 2022 to £1.24bn but a deteriorating combined operating ratio of 99.4%.
Aviva halfway to regional underwriter recruitment target
Aviva has added a net 20 new underwriters to its underwriting team in the regions, chief distribution officer Gareth Hemming told Insurance Age.
People Moves: 16 - 20 May 2022
Keep up-to-date with the latest job changes in insurance.
PIB adds to Spanish portfolio
PIB Group has bought Spanish broker Tractio.
Premier League football clubs open court claim against insurers
A suite of football clubs including Arsenal, Aston Villa, Brighton & Hove Albion, Leicester, Liverpool, Tottenham and West Ham have filed a claim in the commercial court against Allianz, Aviva, CNA, Liberty, MS Amlin and Zurich.
Deals poised to come to fruition, says Markerstudy leader Gary Humphreys
Markerstudy is keen to push on with further buys after securing BGL Insurance and Clegg Gifford at the turn of the year, according to group chief underwriting officer Gary Humphreys.
CII posts £4.4m loss for 2021
The Chartered Insurance Institute has revealed a return to operating surplus but a £4.4m group loss for 2021 as it was hit by pension costs of £6.64m and a tax charge of £1.98m.
Aviva takes Ryan Birbeck from Axa as Karen Jackman departs
Karen Jackman, regional distribution director, has decided to leave Aviva after a career spanning 31 years and the insurer has also recruited Ryan Birbeck as regional broker director, Insurance Age can reveal.
Allianz puts Home & Legacy up for sale
Allianz is exploring options for Home & Legacy which could include a sale with high net worth not being seen as a core strategy for the current owners, Insurance Age can reveal.
People Moves: 9 - 13 May 2022
Keep up-to-date with the latest job changes in insurance.
Acrisure lifts the lid on network rollout and broker buying plans
Acrisure is forming a network and its application to the Financial Conduct Authority is “going in now”, president of UK retail Mark McIlquham, has revealed.
FCA does not want to be a price regulator, says Sheldon Mills
Sheldon Mills, executive director – consumers and competition at the Financial Conduct Authority, has stressed to brokers that the watchdog does not want to be a price regulator.
Biba launches underinsurance guide
The British Insurance Brokers’ Association has launched a guide to support brokers in helping their customers avoid the risks associated with being underinsured.
MGAA boss Keating pushing for more as membership growth continues
The Managing General Agents’ Association is approaching 350 members with plenty of scope remaining for further growth, CEO Mike Keating told Insurance Age.
Biba urges FCA to step in as Lloyds moves to close undesignated client money accounts
The British Insurance Brokers’ Association has contacted the Financial Conduct Authority asking the regulator to intervene over Lloyds Bank’s move to close undesignated client money accounts for some members, Insurance Age can reveal.
DR&P buys Channing Lucas & Partners
DR&P Group bought a 90% stake in Lloyd’s broker Channing Lucas & Partners late last year, according to a filing at Companies House.
Clegg Gifford buys ARs to expand branch network
Markerstudy-bound Lloyd’s broker Clegg Gifford is targeting a branch network of 30 and is buying up its current appointed representatives, Insurance Age can reveal.
David Williams joins Qlaims in first NED role
Former Axa leader David Williams has joined Qlaims as a non-executive director, Insurance Age can reveal.
Broking Success: Strength in Scotland
Director Tom Yorke recounts his route from Giles to investing in Blue Rock Insurance Brokers, growing organically and competing on quality with the ethos of not doing speculative quotes as well as the opportunities for the Scottish broker as it targets…
Coplus rolls out product development platform
Coplus has targeted brokers as it launched a go-to-market platform claiming it cuts the time needed to develop ancillary products to three months.
Dave Clapp sets £250m three-year target for MVP and Ataraxia
Dave Clapp, CEO of Minority Venture Partners and Ataraxia, has unveiled a £250m gross written premium target for the broker investment group over the next three years.