Broker
Markerstudy consolidates businesses into ‘super’ MGA
Markerstudy is consolidating its UK business units into a single ‘super’ managing general agent.
Qatar Re acquisition of Markerstudy still hangs on regulatory approval
Exclusive: Markerstudy is still waiting on its new parent Qatar Re to gain regulatory approval for the acquisition.
GRP's Mike Bruce on win-win consolidation
Mergers and acquisitions take many shapes in the UK retail broking market, writes Mike Bruce, CEO broking at Global Risk Partners, noting some deals can actually support an owner's entrepreneurial spirit.
Amazon Protect MGA snapped up in $2.5bn deal
The company that underwrites warranty insurance for Amazon products has been acquired by a rival firm in a $2.5bn deal.
Howden names José Manuel González as CEO
Hyperion-owned broker Howden has named José Manuel González as CEO of Howden Broking Group.
Allianz replaces Aviva capacity for GRP-backed Higos
Allianz will provide capacity for Higos’ SME business, following Aviva’s decision to cancel agencies with all GRP-backed brokers.
Interview: Patrick Tiernan, Aviva
Aviva Global Corporate & Specialty's new managing director Patrick Tiernan is confident of profitable growth. He tells Jonathan Swift how he hopes to take the business to the next level.
Blog: Pukka's Sam White on the investment gap
Pukka's CEO Sam White calls on bankers to fund female-led businesses to achieve gender balance.
Aviva ends agency with GRP
Aviva has ended its relationship with Global Risk Partners following its split from two other GRP brokers.
This week in Post: GDP what?
My colleagues have come up with a creative idea to celebrate the General Data Protection Regulation. First you create a GDPR cocktail with gin, Drambuie, prosecco and rum. Then you take a sip every time you receive an email asking you to update your…
Ardonagh MGA division to exit loss-making personal lines
Ardonagh’s underwriting division will exit unprofitable parts of its personal lines book after it reported a £5.2m loss in the first quarter 2018.
Avantia places up to 30 roles at risk in outsourcing move
Exclusive: Avantia Insurance is in the process of relocating frontline roles to Sheffield, placing between 20 to 30 jobs at risk.
CII launches Aspire Apprenticeship programmes
The Chartered Insurance Institute has launched its Aspire Apprenticeship programmes.
Insurers slammed over auto-renewal 'loyalty tax' of £37m
Insurers have been slammed for increasing rates on auto-renewals, amounting to what campaigners call a 'loyalty tax' of £37m.
Swinton's Gilles Normand on why brokers can be a guiding digital hand
Swinton CEO Gilles Normand believes brokers can be the Amazon of the insurance market.
Gocompare uses tools to remove unconscious bias in hiring process
Price comparison site, GoCompare has decided to remove candidates’ names from CVs and create an all-female shortlist for its chief marketing officer role, in a bid to attract more female staff.
Analysis: Supply chains: Pruning supply risks
With supply chains entwined through businesses like ivy, disruption risks are climbing. Under-utilised policy wordings and little-known specialist covers haven’t weeded them out
Brokers urged to contact FSCS over Alpha collapse
Brokers and managing agents for Alpha Insurance are being urged to contact the UK guarantee fund.
Allianz to gain £250m commercial book from LV deal
Insurance giant Allianz will gain a commercial book worth £250m from LV following its purchase of 49% of LV’s general insurance business.
Week in Post: Picking up the pieces after Biba 2018
The possibility of physical and mental collapse is now very real. No sympathy for the Devil. Buy the ticket, take the ride.
Brokers must analyse customers' exposure to Brexit
A panel of experts has told brokers at the British Insurance Brokers' Association annual conference that they need to be preparing for the UK's exit from the European Union and analysing their customers’ exposure.
Analysis: How Lloyd's is faring in the Middle East
As economies in the Middle East diversify, new opportunities for insurers and reinsurers are beginning to show themselves. Is the London Market taking full advantage?
Insurance panel calls for stricter fire regulations
A panel of insurers, brokers and loss adjusters has called for stricter fire regulations, on the eve of the publication of the Hackitt review of building regulations and fire safety.
FCA: Client money handling a 'continual focus'
The Financial Conduct Authority advised that oversight of how brokers handle client money is a continual focus at a seminar exploring ‘Customers – at the heart of our business’.