Broker
Government considering event insurance scheme in case of 'market failure'
The government is prepared to explore an insurance scheme for live entertainment in the event of a market failure, the secretary of state for digital, culture, media and sport Oliver Dowden has said.
Partners&’s Stuart Reid on what the rapid pace of broker consolidation means for insurers
Stuart Reid, chair of Partners&, urges insurers to look for brokers that espouse the right values in their service to clients when considering which firms to support rather than being addicted to market share.
FCA ‘Dear CEO letter’ warns brokers about client money amid concern of widespread non-compliance
The Financial Conduct Authority has issued a stark warning to brokers about client money shortcomings it has seen in the market stressing that it will take action.
Gallagher confirms personal data accessed in cyber attack
Gallagher is notifying “potentially affected” individuals and entities after an investigation showed systems affected by last year’s cyber incident held medical information, credit card information and more.
Covéa expected to do 'anything and everything' to make an Axa XL Re deal happen
Covéa is reportedly mulling a third attempt in four years to buy a reinsurer as it eyes Axa XL Re, with experts noting the insurer would look 'pretty hapless' if it failed to get another deal over the line.
Peter Blanc elected CII president
The Chartered Insurance Institute has named Aston Lark CEO Peter Blanc as president for 2022.
Ecclesiastical’s Richard Coleman on the power of specialism
Richard Coleman, UK managing director at Ecclesiastical Insurance, details the opportunities and challenges for brokers in becoming trusted, specialist advisers.
Ardonagh to launch reinsurance broker Inver Re
Ardonagh is looking to launch a reinsurance broker in the second half of the year following its purchase of BGC's insurance business.
Jensten Group adds £50m GWP with 'slam dunk' Tasker acquisition
Jensten Group has acquired Tasker Insurance Group for an undisclosed sum, adding businesses to its retail broking, wholesale broking and managing general agent divisions.
Interview: David Bearman, Aventum
Aventum CEO David Bearman explains the growth of the broking and underwriting firm to Emmanuel Kenning, tracing its route from a start up focused on retail UK SME to a global specialist and niche player that has plans to be a decade defining business.
Brokers 'essential' to Aviva’s growth plans says Winslow
Adam Winslow, UK & Ireland general insurance CEO at Aviva, has confirmed the insurer’s commitment to brokers as it looks to commercial growth.
Competitors see opportunities as Aon-WTW delay risks leaving the brokers in 'no man’s land'
Further delays to the Aon-Willis Towers Watson merger caused by the decision by the US Department of Justice to file a civil antitrust lawsuit to block the transaction will lead to opportunities to snap up staff and clients, according to UK brokers.
PIB presses 'pause' on recommending Hiscox to clients after Covid crisis response
PIB has hit pause on recommending Hiscox to customers but has not ended its agency with the insurer, Post can reveal.
Prince of Wales launches sustainable insurance task force; Aviva joins forces with WWF; Ford links up with By Miles; and LV reveals PI panel
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Bermuda reinsurer Arch buys Arron Banks’ Somerset Bridge
Arch Reinsurance has struck a deal to buy Arron Banks-backed Somerset Bridge, snapping up the motor managing general agent, distribution arm, affiliated insurer and claims operation for an undisclosed sum.
A-Plan targets £1bn GWP within four years
A-Plan Group is aiming to break the £1bn gross written premium barrier within the next four years, CEO Carl Shuker told Post.
Towergate’s Iain Laws on health as a business risk and resetting the benefits conversation
Iain Laws, CEO of Towergate Health & Protection, examines how insurers and the health industry have responded to the pandemic with new products and services, the shift in employee expectations and how health risks have gone up business leaders’…
Post LIVE: Addressing digital and evolving customer needs
It is "crucial" that customers' digital needs continue to be supported as lockdown eases, insurers mooted at the Post Live annual conference.
Aegis launches assailant parametric product; Amicus in MBO; Davies buys two; and Vitality Car launches
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
US DOJ sues to stop Aon/WTW merger
The US Department of Justice has filed a civil antitrust lawsuit to block Aon’s proposed $30bn acquisition of Willis Towers Watson, saying the merger threatens to eliminate competition, raise prices, and reduce innovation.
Axa’s Jon Walker on smart working and relationship building
Jon Walker, CEO of Axa Commercial, celebrates the benefits of smart working for customers, brokers and staff – along with assessing how it should be used in tandem with the best of the traditional face-to-face ways of building relationships.
Saga takes Kingshott from Tesco as insurance CEO
Over 50s travel and insurance specialist Saga has recruited Steve Kingshott as CEO for insurance, joining from Tesco where he was CEO of Tesco Underwriting and chief insurance officer at Tesco Bank.
EY: motor market to return to loss in 2021; Canopius unveils algorithmic MGA; Kitsune sold to XS Direct
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Uber restricts drivers to insurance panel as market insiders warn of ‘huge ramifications’
Exclusive: From next year Uber will only accept drivers with insurance policies from one of nine approved providers.