Broker
Ardonagh reveals future plan for Swinton as all branches close
Ardonagh group has confirmed the closure of all Swinton branches as the integration of the business is almost complete.
Ardonagh posts loss of £44.5m for the first half of the year
Ardonagh Group has posted a loss of £44.5m for the first six months of 2019, an increase of £11.7m on the £32.8m loss reported for the same period last year.
PIB u-turns on pledge to keep childcare broker brand
PIB will now integrate childcare broker Albany Childcare into Morton Michel, despite pledging at the time of purchase it would keep the brand.
GRP acquires online enterprise risk management firm
Essex-based risk management specialist Health and Safety Click has been bought by consolidator GRP.
Ex-JLT pair Palmer-Brown and Crossland join SSL Endeavour
Jonathan Palmer-Brown and Hugh Crossland, both formerly of JLT, have joined SSL Endeavour as group non-executive chairman and group chief financial officer respectively.
Brightside appoints Derek Henry as broking MD
Brightside has appointed Derek Henry as managing director of broking, following the departure of Russell Bence.
Gauntlet’s appointed representative network enters Wales
Gauntlet Group’s network Gauntlet Enterprise has picked up its first Welsh appointed representatives.
Private equity firm takes majority stake in Avid
A majority stake in managing general agent Avid has been sold to Beech Tree Private Equity.
Analysis: Protecting businesses against political risks
The political risk map of Europe is being changed by a toxic combination of uncertainty — both political and economic, populism, geopolitical changes, political violence and technological advances
Blog: Unrated insurers - the risks for UK brokers
Over the years European Union rules on the free movement of capital have had many beneficial effects for the UK economy. However, according to Ashwin Mistry, chairman of Brokerbility, this has also allowed insurers with lower solvency than would be…
Insurtech 100: May - July 2019 quarterly update
Hippo, Lemonade and Zego are just three of the start-ups that have been in the news recently. Matt Connolly, founder and CEO of Tällt Ventures, reflects on a what has been happening for the Insurtech 100 since the list was published in May.
Hastings share price dives after profit slashed to £38.2m following Ogden hit
Hastings share price fell over 8% within the first two hours of trading this morning after it reported a profit after tax of £38.2m (30 June 2018: £72.9m) for the first six months of 2019.
ERS reports a decrease in COR following discount rate change
Specialist motor insurer ERS has reported a profit of £3.1m, a decrease on £5.6m for the same period last year.
FCA sounds alarm over Instagram brokers
The Financial Conduct Authority has issued a warning over two brokers operating without a license via Instagram.
Replacement cover for 30,000 former Alpha policyholders in jeopardy
Broker CRL had found a replacement insurer to take on almost 30,000 Alpha policies, but the potential suitor has raised “several last-minute issues” that are holding up a deal.
Lamp policies transferred to another unrated insurer
More than 8000 former home insurance customers of failed insurer Lamp have had their cover moved to another unrated Gibraltarian insurer, Red Sands.
Aston Lark poised for further acquisitions after posting profits in 2018
Aston Lark made a profit during its transformational year.
JLT’s Tim Chadwick to join PIB as CRO
PIB has appointed Tim Chadwick as chief risk officer, following the departure of Jon Stanley.
Arron Banks’ Eldon adds appointed representative
Exclusive: Eldon Insurance has made recently incorporated company Lysander Legal Protection an appointed representative.
GRP buys Lancashire-based broker
Lancashire-based broker 3XD has hailed its “growth prospects” after being bought by consolidator GRP.
Victor Insurance is looking to expand internationally
Victor Insurance is looking to build on growth following the rebrand from Bluefin Underwriting.
Money Supermarket clone site shut down
The Financial Conduct Authority has issued a warning about fraudsters operating a clone of price comparison website Money Supermarket.
This week in Post: 25 years of the British Insurance Awards
This week the best and brightest in the insurance community gathered in the Royal Albert Hall for the 25th British Insurance Awards.
