Broker
Aviva and LV join Ebay green parts push; Davies buys Asta; Marshmallow becomes latest UK insurtech unicorn; and Covea backs new pet insurance alternative Animor
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Thompson & Richardson hires Stuart Williams as MD
Ethos Broking-owned Thompson & Richardson has recruited Stuart Williams as managing director joining from Konsileo, Post can reveal.
Markerstudy appoints Neil Utley and Matthew Donaldson as NEDs
Former BGL boss Matthew Donaldson and ex-Hastings chairman Neil Utley have been appointed as non-executive directors at Markerstudy Group.
BGL confirms Fenchurch appointment after report of approaches for insurance arm
BGL Group has confirmed the appointment of Fenchurch Advisory Partners as Sky News revealed the business was looking at offers for its insurance arm.
Last chance to decide Industry Impact winner at 2021 British Insurance Awards
The voting is open for you to decide who should win the Industry Impact Award at tomorrow’s British Insurance Awards. But be quick as the poll closes at noon tomorrow.
Rebranded broker Lucida ready for deals
Right Choice Holdings, owner of Right Choice Insurance Brokers, Bennetts and Moorhouse has rebranded as Lucida.
PIB deals cost £92.8m in 2020
The cost of buying eight businesses and three books of business totalled £92.8m in 2020 for PIB Group, a filing at Companies House has revealed.
All Clear acquires Insure & Go; Liberty supports WTW sustainability accreditation; PIB buys again; Zurich enters UK PMI market
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Editor’s comment: The death of the mega deal?
If not for Covid-19 then the biggest story for the insurance industry of 2020 would have been the $30bn (£21.9bn) mega merger of broking giants Aon and Willis Towers Watson.
FCA warns public about broker Professional Construction Risks
The Financial Conduct Authority has warned consumers not to do business with Weston-super-Mare broker Professional Construction Risks Limited or any of its representatives.
Spotlight on Open banking and SME: Rebuilding trust among SMEs using open banking
Open banking has forced banks to find new ways to engage with their customers and partners. Sara Costantini, managing director of Crif Decision Solutions, asks whether it could also be the key to rebuilding trust between insurers, brokers and SMEs in the…
Willis Towers Watson revamps global management structure after collapsed Aon deal
Willis Towers Watson has set out a three geographies and two segments approach as it restructured its global leadership team in the wake of the aborted merger with Aon.
Markerstudy’s Simon Hughes on the challenge of turning data into business insight
Simon Hughes, group head of data and analytics at Markerstudy Group, offers some guidance on practical steps that can help align firms’ data and business strategies to achieve their goals.
Rupert Moore to succeed Nick Frankland as UK CEO of Aon’s reinsurance solutions
Aon has appointed Rupert Moore to take over from Nick Frankland in leading its reinsurance solutions in the UK as part of a global management reshuffle.
WH Smith to launch ‘digital first’ insurance lines; WTW lines up first acquisition after Aon merger collapse; Converys Europe strikes fourth deal and Higos buys in Cornwall
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva invites applications for largest ever Broker Community Fund pot of £300,000
The Aviva Broker Community fund will return in September with £300,000 ready to be distributed to local causes and groups, the largest total to date on top of over £1.3m already given out across more than 320 grants since 2011.
GRP swoops for Duncan Carter from Marsh as retail CEO
Global Risk Partners has appointed Duncan Carter as retail CEO joining from Marsh UK where he was head of placement and networks.
Q&A: Caroline Wagstaff, London Market Group
In her first interview since becoming interim CEO of the London Market Group, Caroline Wagstaff explains her route to the role, delivering for government, customers, and future talent as well as how she balances the demands of the market-wide body’s post…
FCA fires fair value warning shot
The Financial Conduct Authority has raised concerns that some insurers and intermediaries are showing slow progress in making sure products meet customer needs.
Hemming bullish on growth at Aviva as survey shows solid broker optimism
Research by Aviva has shown optimism among brokers about their trading prospects for the second half of the year as the UK reopens from Covid restrictions.
Marsh and Citi support vaccine efforts; Hudson takes majority Occam stake; Simply Business in Barclays tie up; Aston Lark strikes Irish deal; RAC picks Premium Credit
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Staff at risk as A-Plan owned Endsleigh opens restructure consultation
Endsleigh has confirmed that people are at risk of redundancy from its restructure plans as it opened a 30-day consultation.
Ardonagh adds £900m to firepower as Ebitda rises and losses narrow
Ardonagh has posted a 33.4% rise in income and a 42.4% increase in Ebitda for the first half of 2021.
Dual targeting $3bn GWP within five years after Align buy
Howden-owned Dual can create a “really unique position in the market” as a specialist underwriting managing general agent and push for substantial further growth on the back of the deal to buy US firm Align Financial, CEO Richard Clapham told Post.