The Ardonagh Group has agreed to sell Direct Group’s claims businesses to loss adjuster Davies for up to £36m.
Cincinnati Financial has reached an agreement to acquire Munich Re subsidiary MSP Underwriting for £102m – a deal that we see them enter the Lloyd’s market for the first time.
Insurers and brokers are trying to pinpoint the risks posed by increasingly complex supply chains, writes Phil Wall, head of risk engineering UK, Ireland, Middle East & Africa at HDI Global, calling for market collaboration to signpost ways forward.
Ageas has restructured its senior management, resulting in the departure of insurance CEO François-Xavier Boisseau as well as other senior figures.
Chris Lay enjoyed his time in Canada but Marsh’s new UK and Ireland CEO has no doubt that London is the place to be. “The UK is a priority for Marsh,” he told Cecile Brisson, just before the world’s biggest broker bought off London-based broker Jardine…
Brightside saw pre-tax losses of £10.2m last year, but incoming CEO Brendan McCafferty said there is “no need to alter strategy”.
The CEO of the UK's largest broker has defended broker facilities, amid an official probe into allegations the practice is anti-competitive.
Ascending the Alps, relaunching rugby and seven marathons in seven days
Independent Scottish broker Bruce Stevenson has bought Turiff-based Youngson Insurance Consultants.
Brit executive chairman Mark Cloutier is leaving the Lloyd’s insurer, to become CEO and chairman of Aspen
Aggregator disruptor Honcho has been backed £50,000 by an SME fund from Barclays.
US-based insurtech Slice has raised an additional $20m in its series A round.
Swinton will continue its trajectory toward becoming primarily a digital business, Ardonagh CEO David Ross said, but he refused to call time on the high street broking model.
Marsh UK CEO Chris Lay has decried the lack of a 'pipeline' of women in line for senior roles, urging for flexible working as a possible solution.
The Ardonagh Group has struck up a deal with Covéa to acquire Swinton for £165m.
Scor’s CEO has slammed an activist investor for “baseless accusations and threats” over a rejected takeover bid from Covéa.
Marsh has been the talk of the town this week as it acquired the shares in broker JLT, shoring up its position as the largest broker by revenue in the world.
Lloyd’s H1 pre-tax profit was down 51% on the same period last year, even as the Corporation saw improvements in its combined ratio.
Exclusive: Broker A-Plan continues to buck the high street trend as it launches its 90th branch and aims for further “sustainable development”.
New CEO Jonathon Brown will join BGL-owned UK price comparison site Compare the Market from 23 October.
Marsh expects to save around $250m in “cost synergies” from the acquisition of JLT, with up to 3750 jobs at risk.
Marsh & Mclennan will buy Jardine Lloyd Thompson for $5.6bn (£4.2bn) in a move that will shore up the company’s position as the largest broker in the world.
Allianz Group achieved the top position as sector leader among all rated insurance companies in the Dow Jones Sustainability Index
Co-op’s insurance arm made an operating loss of £14m in the first half of 2018, which it says was largely due to weather claims.