Share prices for the AA fell this morning, following investor Woodford Investment Management significantly reducing its stake in the business.
Randall & Quilter and Phoenix Asset Management Partners have ended a joint venture deal to acquire reinsurance debt in insolvent estates.
Rob Smale, former claims director at Ageas, has joined the board of Claims Consortium Group as a non-executive director.
Exclusive: LV General Insurance retail business director, Andrew Beard, has left the insurer after 12 years.
Belgian insurtech Qover has raised €8m in its latest funding round and will look to continued growth in Europe.
GRP-owned County Group has acquired Stoke-based broker Eric Rawlins & Company, which specialises in contractors, property owners, business and fleet risks.
Seventeen Group has bought Essex-based broker Graybrook, for an undisclosed sum.
Marc van der Veer has joined Nexus Group as CEO of European Ventures.
GRP-owned broker Sagars has bought Lancashire-based engineering and entertainment broker Thomas Cook & Son.
Maven Capital Partners has invested £750,000 in a disruptive car insurance platform Honcho, to support the business in launching the product nationally.
Eccslesiastical has appointed Denise Cockrem as group chief financial officer.
Exclusive: Tech firm and managing general agent Stubben Edge is seeking growth after a £1.2m raise led by Saracens chairman Nigel Wray and analyst Eamonn Flanagan.
Exclusive: US-based insurtech Lemonade is looking to hire staff in a Europe office in Amsterdam, marking a potential international expansion for the firm.
A clone broker is operating under the name Wentworth Insurance Brokers, the Financial Conduct Authority has warned.
Exclusive: Danish unrated insurer Gefion took out a further chunk of reinsurance and injected capital, after its solvency ratio plummeted to 72% in 2018.
Following two consecutive years of poor underwriting results in the UK, RSA has taken decisive action to restructure its business and shrink premiums
County Group has acquired Shropshire broker Meadons, a deal that will see the GRP North West hub push closer to the £100m premium mark.
The Financial Services Compensation Scheme will protect customers of Lamp Insurance following the unrated insurer’s demise.
PIB will see its gross written premium grow from £550m to £900m with the acquisition of Cobra.
Scottish broker Blackford has acquired the client portfolio and a full commercial broker team from independent insurance broker TL Dallas, to launch its offering in Edinburgh.
Harris Balcombe has appointed former Crawford head of fraud, Neil Daniel, to lead its newly launched fraud division.
Tasker Insurance Group has completed second acquisition of the year with the purchase of Hobbs Associates.
Creditors of CBL Corporation, the parent company of CBL Insurance, are expected to be owed in excess of £90m.
Arron Banks’ broker Eldon has appointed Link chair Mark Boleat as its chairman, while Martyn Holman joins the broker as a non-executive director.