Private equity firm HG has invested in Howden-owner Hyperion in a deal that puts a $5bn (£3.9bn) enterprise value on the insurance group.
Ardonagh has offered to sell motorcycle specialist Bennetts to address the concerns of the Competition and Markets Authority and avoid a “long, burdensome and expensive phase two enquiry”.
There is now just a fortnight to go before Insurance Post holds its Future of Insurance Work event.
Ardonagh has reported a post-tax loss of £94.1m for the first six months of 2020 more than double the £41.8m deficit in the same period of last year.
Clear Group has bought Brokerbility Holdings including its broking, network and technology businesses for an undisclosed sum.
When lockdown happened in March some insurers and brokers were better placed than others to continue operating remotely with little or no impact on service. These firms had already been invested heavily in technology to enable more flexible working and…
The bid to take motor insurer Hastings back into private hands is a positive move for the company and a stamp of approval for the sector, say market specialists – but, after years of growth, challenges lie ahead
Brokers should see the hard market as an opportunity to prove their value as trusted advisors, says Gallagher’s UK broking and underwriting CEO Simon Matson, as he also looks at the changes to office life due to the coronavirus pandemic.
Virgin Atlantic switched its insurance broker three weeks before the renewal date of its directors and officers policy out of frustration with poor communication and a lack of faith in brokers’ ability to deal in a hard market, its head of risk said at a…
Howden’s purchase of A-Plan for “approaching £700m” has created a business of scale that is a true “challenger broker”, according to David Howden, CEO of Hyperion Insurance Group.
Businesses have put their return to office plans on hold following the latest statement from the government asking people in England to work from home where possible.
Shares in the AA opened more than 17% down this morning as private equity firms Centrebridge Partners Europe and Platinum Equity both confirmed they would not be bidding for the business.
Hyperion's Howden has agreed to buy UK broker A-Plan Group for an undisclosed sum.
Managing general agents and coverholder brokers remain optimistic about the sector’s prospects despite warnings from lawyers on the implications of the recent business interruption court case.
Former Axa and UK General Insurance CEO Peter Hubbard has been appointed as non-executive chairman of broker Be Wiser Insurance, Post can reveal.
Global Risk Partners has made its first purchase in the Republic of Ireland taking a majority stake in Crotty Insurance Brokers, Post can reveal.
The Competition and Markets Authority has found that Ardonagh’s purchase of Bennetts could lead to “higher prices, less choice and worse services for motorcyclists in the UK”.
Vantage Holdings, owner of brokers including Fresh Insurance and Peter James along with managing general agent First Underwriting, has rebranded as Kingfisher Holdings.
Brit has appointed Mark Allan as CEO of Ki, its digital and algorithmically-driven Lloyd’s of London syndicate launched in collaboration with Google Cloud this May.
On 15 September the judges in the Financial Conduct Authority’s business interruption test case will hand down their judgment. But this will not mark the end of the struggle between insurers and customers.
After relaxing the national lockdown, the government imposed local restrictions to control the spread of the Covid-19 virus. Post investigates what implications these local lockdowns have for insurance.
Events were cancelled across the board this year due to Covid-19 but none could be much more emotive than the thousands of weddings that couldn’t go ahead. Post investigates how the insurance market responded.
Kingsfisher Holdings UK, formerly known as Vantage Holdings, has filed a £25m legal claim in the High Court in London over the deal for Fresh Insurance it completed in October 2018.
Aston Lark has bought professional indemnity specialist Brunel Professions, Post can reveal.