Company news
Aston Lark buys again in Ireland
Aston Lark has bought Wright Insurance Brokers in Ireland, its second deal in the country having snapped up Dublin-based Robertson Low this January.
Arch appoints Stuart Danskin as UK regional underwriting director
Arch Insurance has made Stuart Danskin director of underwriting for its UK regional division, which was formed at the start of this year.
Chubb promotes Louise Joyce to head of industry practices
Chubb has promoted Louise Joyce to head of industry practices for the UK & Ireland, succeeding Karen Strong who has left the business.
BBC NED Shirley Garrood no longer a director at Esure
Former Esure deputy chair Shirley Garrood is no longer a director at the insurer, Post can reveal.
Scor launches €300m contingent capital facility
Scor launched a three year contingent capital facility in form of a contingent equity line, providing the group with €300m (£254.6m) coverage in case of extreme natural catastrophe or life events impacting mortality.
Cuvva aims to bypass PCWs and brokers as it raises £15m
UK-based insurtech startup Cuvva has raised £15m in series A funding round as it prepares to launch a pay-monthly product at the beginning of next year and disrupt the existing insurance status quo
Finch and ICB set to merge under Verlingue brand
Finch and ICB Group will merge and rebrand under the name of their French parent company, Verlingue.
A-Plan paid £16.5m for Endsleigh
Broker A-Plan paid Zurich £16.48m for Endsleigh when it completed the deal to buy the specialist broker in March last year.
A-Plan breaks £100m revenue barrier and set to open 100th office
A-Plan will be opening its 100th office within the next two months, CEO Carl Shuker told Post.
This week in Post: hanging by a thread
This week, Transport for London has revoked Uber’s licence to operate in London, causing fear among the capital residents who often rely on the app-based service to get them home safely after a night on the town.
Markerstudy restructures loan with QIC
Markerstudy has restructured its £240m plus loan with Qatar Insurance Company in a move the company said was a long-term solution “providing security to customers and suppliers”.
Ex-Quindell shareholders gear up to take Watchstone to court
Watchstone has been served a letter before action by law firm Harcus Parker, on behalf of shareholders who suffered a loss when the company (then Quindell) was forced to revise its 2013 accounts.
Gallagher set to buy up Capsicum Re
Gallagher is poised to snap up the remaining 80% of Capsicum Reinsurance Brokers, having signed heads of terms with the business.
SRG poised to make further acquisitions after snapping up specialist broker
Specialist Risk Group has a "well thought out target list" of firms and will continue to seek acquisitive growth after buying jewellers' block specialist broker David Codling and Associates, its chief financial officer Charlie Love told Post.
Chubb appoints Jason Keen to lead global markets
Chubb has promoted Jason Keen to division president of Chubb Global Markets following the departure of Matthew Shaw to Tokio Marine Kiln.
Davies Group makes key appointments
Davies Group has made two senior appointments, as it revealed a jump in Ebitda and revenue for the year ended 30 June 2019.
Claims MGA launches with former Axa boss Mike Keating
Ex-Axa and One Commercial leader Mike Keating is heading up managing general agent Qlaims Insurance as it launches with a claims advocacy service for commercial insurance brokers.
CEO Andrew Behrends to leave Integro at year end
Group CEO of Integro Group Holdings Andrew Behrends is leaving the company on 31 December for personal and family reasons, the business has confirmed.
Ardonagh snaps up Aviva international brokers director Graeme MacMillan
The Ardonagh Group has appointed Graeme MacMillan as CEO of product and distribution management within Ardonagh Portfolio Solutions joining from Aviva.
Auto Windscreens rolls out programme to help staff offset CO2
Auto Windscreens has launched drop-in sessions to support staff to offset their personal motoring and transport CO2 footprints through British Petroleum’s Target Neutral programme.
Selling Ardonagh to a public company would be a failure, says Ross
Ardonagh CEO David Ross has asserted the business's commitment to independence and revealed that while the firm’s court case victory over Gallagher did not come as a surprise the episode left him “a little bit heartbroken and incredibly sad”.
Ecclesiastical appoints UKGI managing director
Ecclesiastical has appointed Richard Coleman as managing director of Ecclesiastical’s UK general insurance business.
Ross: Ardonagh ready and able to strike deals in 2020
Ardonagh Group has a list of 146 potential acquisitions, which it reviews at a fortnightly investment committee, according to CEO David Ross.
Aviva targets 3% COR improvement by 2022
Aviva is targeting a general insurance combined operating ratio of 93%-95% by 2022, according to general insurance CEO Colm Holmes.