Insurance M&A activity continues to slow down

Lack of demand for insurtech businesses plus concerns about a target company’s data security resulted in less merger and acquisition activity in the UK in the first half of 2023, according to Clyde & Co.

Is Hiscox no longer the big bad BI wolf?

Editor’s View: Scott McGee considers how lessons can be learned from how Hiscox, which bore the brunt of the initial reputational hit from Covid-related business interruptions claims, has moved on.

RSA posts £9m loss for first half of 2023

RSA has posted a £9m loss for the first half of 2023 and hired Aviva’s former transformation director James Godfrey to try to future-proof its technology, digital and data capabilities.

Creditors set to lose out amid Plexus collapse

Documents show Plexus Group, which has entered administration, owes creditors about £21.5m, and that some are unlikely to receive the full payout, with most unlikely to receive anything at all.

Start-up MGA platform sees surge in interest

Andy Colbran, CEO of NuVenture, said there has been a surge in interest in setting up managing general agents post Covid-19 pandemic, but his business would only consider investing in less than 10% of the plans he sees.

UK tourists to be offered extreme heat insurance

After tourists across Europe suffered delayed, diverted or cancelled flights as temperatures hit highs of 47C, US-based insurance start-up Sensible Weather has announced plans to offer UK travellers ‘extreme heat’ insurance.

Former Tif Group doctor suspended for misconduct

Tif Group’s former medical director, Dr Miguel Nadal, has been suspended from practicing medicine for 12 months after a Medical Practitioners' tribunal found his ability to practice to be impaired as a result of misconduct.

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