Start-ups
Ipswich-based start-up Liability & General partners with James Hallam
James Hallam has sealed a partnership agreement with Liability & General, a business founded by former Oval and Giles executives Dave Mangan and Rob Allinson.
Ex-Independent colleagues Rutter and Blakemore launch underwriting start-up
The former head of London market at Independent Insurance Keith Rutter has co-founded a start-up underwriting firm alongside his ex-Independent colleague John Blakemore.
Go Skippy Commercial re-brand triggers £8m plus GWP target
The re-brand of Arron Banks start-up Go Skippy Commercial to Business Choice Direct was completed in a bid to bolster plans to achieve in excess of £8m gross written premium and 10 500 policyholders by the end of 2014.
Interview: David Walsh: The artist
After 14 years building CFC Underwriting from a dotcom start-up to a successful MGA, founder and managing director David Walsh now sees the global market as his canvas.
Lloyd’s and XL back shariah-compliant MGA to succeed where others failed
The boss of a new shariah-compliant underwriting agency has vowed to succeed where previous Islamic insurance propositions have failed by focusing solely on the commercial market.
View from the Top: The American invasion gathers speed
Private equity investment from the US into London Market brokers is seemingly in vogue in 2013, with a considerable amount of new capital entering the market.
Ageas agrees out of court settlement with ex-Castle Cover shareholders
Ageas has confirmed it has reached an out of court settlement with a number of former senior Castle Cover figures.
First Myanmar private insurers to launch in June
12 private insurers who won government licenses last year will start operations in June in Myanmar, the first time private insurers have been allowed to trade in the country.
View from the Top: Crucial differences
Technology firms that fail to grasp the differences between PI and E&O insurance put themselves at risk, says David Legassick.
Ex-Ink boss Smith makes market return with new MGA
Former Ink Insurance managing director Mike Smith has made a market return with newly formed MGA Incorporated Insurance Group.
Start-up boss aims to counter negative consumer view of large insurers
The CEO of a new online start-up believes that the appetite for insurers to diversify their books could trigger growth in social media-derived cover.
FSA approval time hits record high
The Financial Services Authority's deeper scrutiny of new business plans means that start-ups face record waiting times for regulatory approval, according to City law firm Reynolds Porter Chamberlain.
Motor start-up Purely Insurance scrapped after capacity walks away
A new motor underwriting start-up, fronted by a duo of former HSBC Insurance UK executives, has been scrapped, Postonline can reveal.
Former HSBC Insurance duo poised for £50m drive with motor start-up
A new motor start-up, fronted by a duo of former HSBC Insurance UK executives, has been tipped to make a major play for the broker market in the second half of the year, underwriting up to £50m of business by the beginning of 2013.
Tempo directors eye capacity providers and team hires following launch
The directors behind the launch of multi-line MGA – Tempo Underwriting – are hoping to forge a strong relationship with the broking fraternity after outlining their criteria for imminent team hires.
Ex-Hiscox boss' start-up Aurum prepares full UK roll-out
Aurum Underwriting has commenced trading with several brokers in advance of a full UK roll-out in the fourth quarter of 2012.
View from the top: New syndicates essential if Lloyd’s market is to thrive
As Lloyd’s tackles the thorny issue of distribution, perhaps a fundamental issue is that it must encourage the market to continue to rejuvenate by enabling the creation of new syndicates.
My best 11- Phil Bayles, Aviva
Aviva’s Phil Bayles selects his best XI for an insurance start-up. The director of brokers and key partners opts for a team made up almost entirely of broking stars, aided by Southampton legend Matt Le Tissier as a supporting forward.
Hastings targets young drivers with telematics policy
Hastings Direct is set to launch a telematics-based motor policy for young drivers.
Review of the year - Lloyd's & London Market: The costliest year ever?
The first half of 2011 saw an unprecedented number of catastrophic events, so how has Lloyd’s and the London market coped?
Oxygen to sell off remaining assets
Market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings.
Interview - Ann Haugh: Making the right decisions
UK CEO of Zurich Global Corporate Ann Haugh has never been averse to taking risks and reveals her determination to grow the business is as strong as it is strategic.
Sagicor withdrawal forced by First Central losses
Lloyd’s insurer Sagicor’s decision to quit both property treaty reinsurance and casualty treaty reinsurance was forced by huge losses incurred through its tie-up with Gibraltar-based motor insurer start-up First Central, Post understands.
Lloyd's & London market - Compliance burden: The cost of compliance
With the UK the most costly European country for regulation, could UK-domiciled Lloyd’s and London market brokers really become an endangered species?