News
Goldman Sachs/Aston Lark deal to close ‘on Monday’
Goldman Sachs’ merchant banking division’s purchase of a majority stake in Aston Lark is expected to close on Monday.
Aston Lark buys first Manchester broker
Aston Lark has bought Manchester-based commercial lines broker Buckland Harvester.
‘Phantom fraudster’ handed a four month suspended sentence
A man has been handed a suspended sentence after making a fraudulent claim against Cardiff Council in road traffic accident case, despite dropping his initial claim.
Aggregator disruptor Honcho launches
Reverse auction market place Honcho has launched its motor insurance bidding app.
NFU Mutual appoints non executive director
NFU Mutual has appointed David Roper as non executive director, effective from 1 September 2019.
Auto renewals cost motorists £982m a year
UK motorists lose an estimated £982m a year by not shopping around on renewal.
FCA cracks down on misleading CMC ads
Claims management companies must raise their advertising standards to ensure they do not mislead customers, the Financial Conduct Authority has said.
Loss adjuster Graham High Group promotes Austin Snelgrove to MD role
Specialist loss adjuster The Graham High Group has announced that its managing director - who founded the business in January 1995 - is to step aside and become executive chairman.
Former Aon employee alleges sexism at the company left her with ‘mental health complications’
An ex Aon employee has hit out at the global risk and consulting giant, alleging that she faced sexist behaviour that led to “mental health complications” and made her feel she had to leave the company.
Deal struck to exempt Irish drivers in the UK from green cards after no-deal Brexit
Irish vehicles will not require green cards to drive in the UK in the event of a no-deal Brexit, following a deal struck between the Motor Insurance Bureau of Ireland the British Department for Transport.
Ardonagh reveals future plan for Swinton as all branches close
Ardonagh group has confirmed the closure of all Swinton branches as the integration of the business is almost complete.
Ardonagh posts loss of £44.5m for the first half of the year
Ardonagh Group has posted a loss of £44.5m for the first six months of 2019, an increase of £11.7m on the £32.8m loss reported for the same period last year.
PIB u-turns on pledge to keep childcare broker brand
PIB will now integrate childcare broker Albany Childcare into Morton Michel, despite pledging at the time of purchase it would keep the brand.
Questgates to provide mental health awareness training to its line managers
Questgates is rolling out mental health skills and awareness training for all its UK line managers.
Darag appoints James Insley as CFO
Legacy book acquirer Darag has appointed James Insley as chief financial officer, effective 2 September.
GRP acquires online enterprise risk management firm
Essex-based risk management specialist Health and Safety Click has been bought by consolidator GRP.
Ex-JLT pair Palmer-Brown and Crossland join SSL Endeavour
Jonathan Palmer-Brown and Hugh Crossland, both formerly of JLT, have joined SSL Endeavour as group non-executive chairman and group chief financial officer respectively.
Enterprise claims predicted to reach £319m
Enterprise insurance claims are predicted to hit £319m in total, with insurance creditors such as the Financial Services Compensation Scheme potentially receiving a 30% dividend.
Brightside appoints Derek Henry as broking MD
Brightside has appointed Derek Henry as managing director of broking, following the departure of Russell Bence.
Gauntlet’s appointed representative network enters Wales
Gauntlet Group’s network Gauntlet Enterprise has picked up its first Welsh appointed representatives.
BoE governor Carney warns insurers over climate change
The Governor of the Bank of England has described climate as a “big, big issue” for general insurers and reinsurers.
Low first-half cat losses give reinsurers temporary respite as Typhoon Jebi losses continue to mount
Below-average catastrophe losses boosted the profits of reinsurers in the first half of 2019, according to Fitch Ratings.
Private equity firm takes majority stake in Avid
A majority stake in managing general agent Avid has been sold to Beech Tree Private Equity.
FSCS to compensate 14,000 Alpha policyholders as deal collapses
Some 14,000 policyholders will be compensated by the government guarantee scheme after a plan to replace cover collapsed.