Broker
NFP buys KGJ as it continues UK expansion
US headquartered insurance broker NFP has acquired KGJ Insurance Brokers for an undisclosed amount.
Lockdown customer champion: Tim Thornhill, Tysers
Tim Thornhill, Tysers director of entertainment and sports, tells Post about his work to save the 2021 entertainment and sporting calendar amid will-they-won't-they government Covid restrictions and a capacity vacuum.
Gallagher’s Neil Hodgson on supply chain risks
Neil Hodgson, managing director of risk management at Gallagher, outlines the important role the insurance sector can play in helping businesses manage supply chain risks.
Pukka targets doubling telematics as GWP hits £20m in first year
Pukka has written over £20m of telematics based gross written premium having gone live with its offering in August 2020, CEO of Freedom Services Group Sam White told Post.
Lockdown customer champion: Dipesh Patel, JLU
As vaccinated travellers struggled to bag Covid cover amid easing restrictions, Jackson Lee Underwriting came up with the goods. Senior underwriter Dipesh Patel tells Post how the business brought its wholesale solution to market with capacity provider…
Intelligence: Glasgow regional review
The 2021 United Nations Climate Change Conference, also known as COP26, is scheduled to be held in the city of Glasgow next week. Post investigates how the city has fared through the pandemic and how the insurance sector is supporting it.
Allianz unveils sustainability charter; Beazley plots ESG syndicate; FOS complaints up 5%; and IQUW set to acquire Agora
Post wraps up the major insurance deals, launches and investments of the week.
Biba calls on FCA to cut out 'jargon' amid product governance confusion
The British Insurance Brokers’ Association has called for the Financial Conduct Authority to cut down on the amount of jargon in its rulebook, saying that the terminology used in new product governance rules risks confusing brokers.
FCA warns brokers 'failed to understand' product governance rules impact
Brokers have 'failed to understand the impact' of product governance rules that came into force on 1 October, the Financial Conduct Authority has said.
Insurance firms commit to menopause action
Crawford & Company and Partners& have marked World Menopause Day on 18 October with a new policy and commitment respectively.
Interview: Emma Rawlinson, Atlanta
In her first interview since succeeding Ian Donaldson as Atlanta Group CEO, Emma Rawlinson tells Post about her journey to taking the helm, the importance of digital in maintaining the growth trajectory and the diversity of the business and its leaders.
Employee ownership front of mind in search for Aston Lark buyer, says Blanc
Being able to continue employee ownership was the top priority in the search for a buyer for Aston Lark, CEO Peter Blanc has told Post.
Howden acquires Aston Lark to create £6bn GWP UK business
Howden has agreed to buy Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subject to regulatory approval.
Ageas’ Adam Beckett on normal
Having moved away from the 2020 parlance of ‘unprecedented’, there is a phrase that seems to be creeping into our everyday language – normalisation, whatever that is, says Adam Beckett, chief distribution officer at Ageas UK.
ABI reports fraud at lowest level since 2007; Axa relaunches British Gas cover; Getsafe extends Series B; and Lockton acquires
Post wraps up the major insurance deals, launches and investments of the week.
Insurer cyber capacity continues to dwindle as demand grows, say brokers
Interest in cyber insurance among large businesses continues to grow, but cover may prove more difficult to come by as insurers limit capacity and reinsurers put their foot down.
Airmic panel’s appeals for partnership draw anger at conference
Senior insurance industry figures were drawn into a frank discussion of how the sector could better work with clients on Wednesday, after a pointed question from a risk manager following a panel discussion at the Airmic conference in Brighton.
CMA launches merger inquiry into Gallagher-Willis Re deal
The Competition and Markets Authority has opened a merger inquiry into Arthur J Gallagher buying Willis Towers Watson’s treaty reinsurance business looking at whether the proposed deal will lead to a lessening of competition in the UK market.
Rob Bredahl named Tiger Risk CEO as Rod Fox becomes chair
Tiger Risk Partners has appointed Rob Bredahl as CEO with founder and incumbent Rod Fox taking on the role of executive chairman.
Blog: The villain of the piece - Insurers cannot bear the risk of ESG change alone
Insurers have the opportunity to help drive global change but they cannot do it alone, blogs Kennedys partner Fleur Rochester.
Admiral, Covea and Hastings back Drive Score launch; Abacai teams up with Ticker; Bollington to rebrand under Gallagher; Aviva extends Founders Factory tie-up; and Cover Genius seals Series C raise
Post wraps up the major insurance deals, launches and investments of the week.
Donaldson steps up to Ardonagh Retail CEO and Rawlinson promoted to lead Atlanta
Ardonagh has promoted Ian Donaldson to the position of CEO for Ardonagh Retail with Emma Rawlinson replacing him as Atlanta Group CEO, Post can reveal.
Brokers foresee disruption from Amazon business insurance deal but no reason to panic
Amazon Business’ partnership with insurtech Superscript has the potential to bring an element of disruption and grab niche market share by meeting demands but advice is still key for corporate SME business, according to experts.
Trade bodies collaborate on product governance amid concerns of sluggish progress
Insurance industry trade bodies are working to agree templates for information sharing between firms to enable them to more easily come into line with the Financial Conduct Authority’s enhanced product governance rules.