United Kingdom (UK)
Questgates appoints Ganson to its board
Colin Ganson has been appointed to the board of Questgates after taking part in the restructure and reorganisation of the firm’s property division.
Reinsurance rates fall in June and July renewals
Reinsurance market pricing has maintained the downward trend seen at the January and April renewals, despite first quarter deterioration for many reinsurers’ results, according to Willis Re.
Castel Specialty enters construction market
Castel Specialty has expanded its book of business with the launch of a construction portfolio.
Cunningham Lindsey names UK operations directors
Global loss adjuster Cunningham Lindsey has appointed two UK operations directors, Stephen Kerr and Scott Cameron in the South and North of the UK respectively.
Interview: Jeremy Hyams, Claims Consortium Group
Jeremy Hyams started his business with a £500 start-up bank loan 20 years ago. Now, CEO of Claims Consortium Group, he was recently the recipient of the Queen’s Award for Innovation.
On-demand insurance provider receives £1.2m in funding
Pay-as-you-go insurance provider, Zego has raised £1.2 million in a seed funding round following the launch of its first product led by Aviva.
Swinton names Walker insurer development director
Broker Swinton has appointed Kirsty Walker as its new director of insurer development and product.
Flood Re to grow policies by 50%
Flood Re will increase the number of policies by 50% by next year, its CEO said.
134 staff cut as Call Connection goes into administration
Insurance lead generator Call Connection has gone into administration, cutting 134 staff.
Lloyd's unveils recovery plans for market-turning event
Lloyd’s of London has outlined plans to enhance and speed up recovery in the aftermath of a market turning event, an insurable loss so significant it results in a rapid upturn in pricing.
Reinsurance supply hits new high as capital tops $605bn in Q1
Global reinsurer capital stood at a peak level of $605bn at 31 March 2017, an increase of 2% from the end of 2016, according to Aon Benfield.
Sequel enters partnership with fintech underwriter
Software specialist, Sequel Business Solutions has entered long-term partnership with fintech underwriting company, Elseco.
Vizion appoints Peter Living as founding partner
Vizion Insurance Brokers has appointed Pete Living as a founding partner.
Swinton's Richard Beaven on getting personal
The disruptive rise of price comparison websites is well-documented. This has prolonged the lifespan of an outdated business model where insurers and brokers compete on price, and price alone, argues Richard Beaven, distribution director for Swinton…
Analysis: Fighting for cover
Military personnel struggle to find motor and household insurance adapted to their circumstances. Should general insurers leave that market to specialists?
Aegis' John Chase joins Schillings as partner
Reputation and privacy firm Schillings has named the former head of crisis response at Aegis, John Chase as partner.
Firms that have made Brexit contingency plans may face difficulties, FCA says
The Financial Conduct Authority said Brexit contingency plans of some companies could cause them "difficulties" in future.
PIB acquisition spree continues with Franklands Insurance capture
PIB has acquired Derby and Burton on Trent-based Franklands Insurance and Risk Management.
Motor premiums see biggest spike ever following Ogden
Motor premiums have seen the biggest rise “ever recorded” owing to the government’s decision to raise Insurance Premium Tax and cut the discount rate.
Biba’s Steve White on keeping abreast with politics
Lobbying is a long game, writes Steve White, chief executive of the British Insurance Brokers’ Association, explaining why his trade body is cultivating its connections with both the government and the shadow cabinet.
Covered agreement given the go ahead from Trump administration
The Trump administration has announced that it will honour the covered agreement, which aims to create uniform rules dealing with insurance and reinsurance transactions between the United States and European Union.
Constructaquote sees 34% profit increase in 2016
Broker Constructaquote reported a 34% profit increase of £663k in 2016.
Nexus acquires Equinox Global
Managing general agent Nexus Group has acquired Equinox Global, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies.
Extreme cyber attack could cost as much as Superstorm Sandy, says Lloyd’s
A major global cyber attack could trigger $53bn of economic losses, the equivalent 2012’s Superstorm Sandy, according to a report from Lloyd’s.