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Showing posts from June, 2022

Football clubs step up BI court case against insurers

A group of professional football clubs has set out its demand for multiple business interruption payments having kicked off a High Court multi-million pound Covid-19 related legal case last month. from Insurer - insuranceage.co.uk https://ift.tt/6CZMbNd

Folgate Insurance appoints Ian Russell as CEO

Ian Russell has been appointed group CEO of Folgate Insurance with effect from 1 July 2022 and will succeed Brian Russell. from Insurer - insuranceage.co.uk https://ift.tt/NZUkfPM

David Howden calls for better self-regulation across insurance

CEO of Howden Group, David Howden, has insisted MGA’s, underwriters and brokers must work harder on self-regulation and call out bad behaviour when they see it. from Insurer - insuranceage.co.uk https://ift.tt/Bqn8Jyu

CII seeks rising stars of insurance

The Chartered Insurance Institute is seeking up-and-coming insurance professionals to join the body’s flagship talent programme: the New Generation Group. from Insurer - insuranceage.co.uk https://ift.tt/ncIWXEf

Primary Group appoints advisors for possible £1bn QMetric sale – report

Primary Group has taken on Perella Weinberg Partners to explore a potential £1bn sale of Policy Expert’s parent company QMetric, Bloomberg has reported. from Insurer - insuranceage.co.uk https://ift.tt/1WHEisM

Hiscox names Flaquet as group COO

Hiscox has appointed Stéphane Flaquet to the newly created role of group chief operating officer. from Insurer - insuranceage.co.uk https://ift.tt/dhQ3VIk

Rishi Sunak flags speedy reform for Solvency II rules

The Chancellor of the Exchequer Rishi Sunak told insurance executives at a meeting on Monday that Britain wants to reform its insurer solvency rules quickly. from Insurer - insuranceage.co.uk https://ift.tt/SY9ARh6

Acrisure targets SME brokers in M&A drive

Acrisure is set to target SME brokers in the UK and Ireland, following its Russell Scanlan buy, as it moves forward with its M&A strategy according to president, Mark McIlquham from Insurer - insuranceage.co.uk https://ift.tt/DnljJhN

Blog: Firms need to safeguard employee mental health and their own liability

Plexus Law’s Carl McGuire assesses the steps employers can take concerning occupational health claims arising from issues such as stress, workload and discrimination. from Insurer - insuranceage.co.uk https://ift.tt/rBVf2Pm

GRP expands in Wales with Prescott Jones buy

Global Risk Partners has bought Swansea-based Prescott Jones for an undisclosed sum. from Insurer - insuranceage.co.uk https://ift.tt/d68sBx1

MGA Fusion Specialty expands in UK

SME focused M&A and financial lines specialist managing general agent Fusion Specialty has launched Fusion Specialty UK. from Insurer - insuranceage.co.uk https://ift.tt/zEGUfDH

Amanda Blanc says she feels “responsible” for addressing industry sexism

Aviva CEO, Amanda Blanc, has spoken on Women’s Hour this week to say she felt compelled to address sexist incidents as one of only nine female FTSE 100 CEOs. from Insurer - insuranceage.co.uk https://ift.tt/z0olDI3

Igo4 pledges to go Net Zero by 2050

Igo4 has signed up to the Science Based Targets Initiative committing to a 46% reduction in greenhouse gas emissions by 2030 and to become Net Zero by 2050. from Insurer - insuranceage.co.uk https://ift.tt/RyDdq5L

Amicus hits £22m in GWP and sets sights on M&A

Amicus CEO, Adam Scott, has told Insurance Age that the broker is looking to do deals as it aims to become the largest construction waste broker in the UK, following last year's MBO which was supported by Shawbrook Bank. from Insurer - insuranceage.co.uk https://ift.tt/BzFKZMi

FCA warned on nearly 2000 potential scams in 2021/22

The Financial Conduct Authority added 1966 possible scams to its consumer warning list between May 2021 and April 2022 the watchdog has confirmed as it updated on the progress of its data strategy. from Insurer - insuranceage.co.uk https://ift.tt/yVu6Cgn

Nexus Underwriting unveils financial lines division

Managing general agent Nexus Underwriting has launched Nexus Frontier. from Insurer - insuranceage.co.uk https://ift.tt/WCpTh5v

Acrisure plants flag in UK with Russell Scanlan buy

US-based Acrisure has moved further into the UK market and bought Nottinghamshire-based Russell Scanlan for an undisclosed sum. from Insurer - insuranceage.co.uk https://ift.tt/8idjBQl

James Hands to take over from Greg Collins as CEO at Miller

James Hands will succeed Greg Collins as Miller CEO, the broker has confirmed. from Insurer - insuranceage.co.uk https://ift.tt/uJft50c

Ageas adds Neil Mercier as head of standard motor

Neil Mercier has been appointed as head of standard motor at Ageas as it seeks to consolidate its position in the personal lines space. from Insurer - insuranceage.co.uk https://ift.tt/0pLUmkt

FCA delays travel insurance signposting review

The Financial Conduct Authority has delayed its review into the implementation of travel insurance signposting rules by a year. from Insurer - insuranceage.co.uk https://ift.tt/zxloQS7

News analysis: What does the end of the Production & TV Restart insurance scheme mean?

Fiona Nicholson finds out what the end of the PRS insurance support programme means for the TV and insurance sectors and asks if the show can go on following the withdrawal of government support at the end of this month. from Insurer - insuranceage.co.uk https://ift.tt/lm1ay4q

ESG round-up - June 2022

The latest in environmental and social governance featuring Partners&, Kew Insurance, Aviva and Allianz. from Insurer - insuranceage.co.uk https://ift.tt/JTC9fPY

Backpage: June 2022

Meet our pet of the month, take a look at the lighter side of the market, and learn how the sector has been supporting communities with charity initiatives. from Insurer - insuranceage.co.uk https://ift.tt/Ojvo5Vr

Covéa returns to profit in 2021

Covéa Insurance has reported post-tax profit of £7.9m in 2021 reversing the loss of £30.8m the previous year. from Insurer - insuranceage.co.uk https://ift.tt/Jk6itd4

Beazley launches D&O solution for crypto companies

Beazley has unveiled CryptoGuard, directors’ & officers’ liability insurance tailored specifically for crypto companies. from Insurer - insuranceage.co.uk https://ift.tt/D3J0gno

Stuart Reid joins Harbour Underwriting as NED

Former Bluefin and Gallagher boss Stuart Reid has joined commercial dispute insurance specialist Harbour Underwriting as a non-executive director, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/19PAmcO

Pine Walk launches political and non-payment risks MGA

Fidelis-backed Pine Walk has launched its seventh MGA Pernix which will be led by CEO Kade Spears and chief underwriting officer Caroline Coulson. from Insurer - insuranceage.co.uk https://ift.tt/B1CjS8r

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. from Insurer - insuranceage.co.uk https://ift.tt/DIf745T

Ex-Axa leader David Williams joins Humn

David Williams has joined commercial motor insurtech Humn as a non-executive director. from Insurer - insuranceage.co.uk https://ift.tt/YBcaQGS

People Moves: 13 - 17 June 2022

Stay informed on the top personnel changes in the insurance space. from Insurer - insuranceage.co.uk https://ift.tt/i6lHZEj

In Depth: Developing the HNW market for electric vehicles

What are the insurance requirements for HNW electric vehicles and how is the industry responding? Sam Barrett investigates. from Insurer - insuranceage.co.uk https://ift.tt/urnis3B

Opinion: Growing together, serving together

Mike Keating reflects on how brokers can get the best from their relationships with MGAs. from Insurer - insuranceage.co.uk https://ift.tt/sM7lPDh

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. from Insurer - insuranceage.co.uk https://ift.tt/mIOpvLn

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. from Insurer - insuranceage.co.uk https://ift.tt/1UvBIWw

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. from Insurer - insuranceage.co.uk https://ift.tt/p2fzeTA

People Moves: 6 - 10 June 2022

Keep up-to-date with the latest job changes in insurance. from Insurer - insuranceage.co.uk https://ift.tt/WBa5Svq

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. from Insurer - insuranceage.co.uk https://ift.tt/4znrNA6

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. from Insurer - insuranceage.co.uk https://ift.tt/sI0a1o2

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. from Insurer - insuranceage.co.uk https://ift.tt/7TGNh6D

Profile: Adam Winslow - Winslow’s world

Adam Winslow has been UK and Ireland CEO for Aviva since May last year. He speaks to Siân Barton about his career, the insurer’s plans and shares his view on current market conditions. from Insurer - insuranceage.co.uk https://ift.tt/MEkPKxw

Biba welcomes Travelers Europe as a partner

The British Insurance Brokers’ Association has teamed-up with Travelers Europe taking its partners total to 19. from Insurer - insuranceage.co.uk https://ift.tt/zMKxQ6r

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. from Insurer - insuranceage.co.uk https://ift.tt/xSJldGc

Analysis: Sexism, seniority and insurance

As Amanda Blanc reveals the “misogynistic scars” she has suffered, and says that sexism got worse as she took more senior roles, Insurance Age investigates gender discrimination in insurance. from Insurer - insuranceage.co.uk https://ift.tt/79kvVwX

Kentro Group records GWP growth of 19% in 2021

Kentro Capital grew gross written premiums by 19% to £367.4m in 2021 generating £53.1m of turnover, up 21% on 2020. from Insurer - insuranceage.co.uk https://ift.tt/EjQOi0o

JMG Group buys GS Group

JMG Group has added GS Group to its portfolio of Scottish brokers. from Insurer - insuranceage.co.uk https://ift.tt/3HiPYKF

Cyber insurance costs doubled in a year - Howden

Howden’s annual report on cyber has revealed the average cost of cyber insurance has doubled since last year due to an extreme supply-demand imbalance. from Insurer - insuranceage.co.uk https://ift.tt/14ONYjA

Allianz agrees to sell majority stake in Russian operations

Allianz has agreed to sell a majority stake in its Russian operations to Interholding, the owner of Russian insurer Zetta insurance. from Insurer - insuranceage.co.uk https://ift.tt/tAQ90fP

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. from Insurer - insuranceage.co.uk https://ift.tt/KfkrqMp

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. from Insurer - insuranceage.co.uk https://ift.tt/ZsxBbt1