News
Biba unveils manifesto priorities for 2019
The British Insurance Brokers’ Association has launched its manifesto – a list of campaigning priorities for the organisation for the coming year.
Axa-backed Setoo plots UK Q1 launch
Exclusive: Axa-backed broker Setoo expects to launch in the UK next month, and has outlined further fundraising plans for later this year.
MRIB Group acquires trampoline insurance broker
MRIB Group has acquired chartered health and fitness insurance broker Independents.
Saffron eyes up further acquisitions following purchase of Farmer Insurance
Broker Network’s Saffron Insurance has acquired Farmer Insurance and will continue to seek acquisitive growth.
Accident Exchange rebrand after return to profitability
Accident management and credit hire group, Accident Exchange has rebranded as AX, after the group returned to profitability in 2018.
Mapfre looks to strengthen links to 'big five' brokers
Mapfre has appointed Chris Smith to the newly-created position of chief global brokers officer.
Child sexual abuse claims on the rise
Exclusive: Insurers are identifying a rising trend in child sexual abuse claims.
MIB places jobs under review amid wider restructure
Exclusive: The Motor Insurers' Bureau has placed a number of jobs under review amid a wide-ranging restructure of the organisation.
This week: What does the fox say?
Brightside’s new managing general agent Kitsune takes its name from the Japanese word for fox. The animal is much admired in Japanese folklore for its intelligence and supernatural abilities – characteristics all the insurance companies that announced…
Hastings replaces CFO Hoskins with Amlin boss
Hastings has appointed former MS Amlin chief financial officer John Worth as its CFO, replacing Richard Hoskins.
Nigel Minett to retire from McLarens Aviation
Trehane Oliver will succeed Nigel Minett as managing director of McLarens Aviation.
Hiscox stages 'cyber attack' on bike shop
Hiscox recently joined forces with Brompton Bicycle to stage a brick-and-mortar simulation of common hacking practices such as phishing and ransomware to demonstrate the risk of cyber attacks to small businesses.
Hyperion to take measured approach to acquisitive growth
Hyperion will look to build on its retail business this year, but CEO David Howden said the firm will never chase premium through acquisitions.
Brightside MGA Kitsune targets £37m GWP in first 18 months
Exclusive: Brightside's newly-launched managing general agent, Kitsune Associates, is aiming to reach in £20 to 25m in gross written premium in its first year of trading, with plans to potentially reach £37m within 18 months.
Pet insurance start up Waggel targets ‘thousands’ of customers by the end of the year
Insurtech pet insurance provider Waggel, which launched a month ago, hopes to pick up thousands of customers by the end of the year.
Irish broker Arachas mulls post-Brexit UK broker partnerships
Irish broker Arachas is considering reaching out to UK partners to overcome potential passporting barriers in a post-Brexit world.
Gallagher UK to focus on integration of Stackhouse Poland this year
Gallagher UK will be "thoughtful" about the pace at which it buys other businesses this year, as it focuses on the integration of Stackhouse Poland into the wider group.
Marsh soon to launch $5bn senior notes offering to fund JLT acquisition
Marsh parent Marsh & McLennan has revealed the pricing structure of a $5bn senior notes offering, prior to the completion of its acquisition of JLT.
Clyde & Co launches new training programme to improve gender balance
Clyde & Co has launched a communication-oriented training programme targeted at female lawyers as they strive to build a more gender-balanced brand.
Deal with Richard King’s Ticker sees Hood Group enter telematics
Hood Group and Richard King-led Ticker have entered into a three year contract, which will see service provider Hood Group venture into telematics for the first time.
Zego in debt deal with venture capitalist Triplepoint
Exclusive: Pay as you go insurtech Zego has inked a deal with venture capitalist Triplepoint that will see it take on debt to fund further expansion.
Pool Re to hand back terrorism contingency cover to commercial market
State-backed terrorism insurer Pool Re will no longer offer contingency cover, as the commercial market believes it has the capacity to take back control.
Nicholas Gartside to join Munich Re board of management as chief investment officer
JP Morgan Asset Management managing director, Nicholas Gartside is set to start as Munich Re’s chief investment officer on 18 March 2019.
Granite Underwriting gets private equity backing for growth plans
Inflexion Private Equity has made a minority investment in speciality motor insurer, Granite Underwriting.