Broker
EY issues home/motor profit warning for 2022; Collective Benefits and Nimbla get US investment; HSB buys MG Group; Floodflash and Munich Re partner up; and Carrot sold to Granite
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Interview: Steve McGill, McGill and Partners
Having successfully launched the boutique specialist (re)insurance broker only two years ago CEO Steve McGill sets out the firm’s ambitious global growth plans, the ethos underpinning the relatively new start-up and reflects on his route through the…
Gallagher adds Derek Henry to head up micro SME and personal lines
Gallagher has appointed former managing director for broking at Brightside Derek Henry as MD of micro SME and personal lines within its UK retail division.
SRA's changes to solicitors' PI terms and conditions rouse concerns from underwriters
Underwriters of solicitors’ professional indemnity insurance have raised concerns that a clause proposed by the Solicitors Regulation Authority fails to provide clarity on which cyber losses will be covered by policies.
Covéa to buy Partner Re; Lloyd’s joins net zero alliance; another record for insurtech investment; crime tops insurer concerns; and Flood Re on tour
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lockdown customer champion: Simon Mabb, NDML
Simon Mabb, managing director of NDML, tells Post about the broker's efforts to secure business interruption payouts for clients forced to close by coronavirus restrictions.
Gefion administrators seek appeal in €26m Charterline case
Gefion's administrators are looking to appeal against a German ruling that it is bound by an insurance framework agreement with Charterline.
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.