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In Depth: Trade credit claims are rising

Fri, 20 Apr 2018 11:46:11 +0100

Last year, trade credit insurance pay outs hit their highest level in nearly a decade, with claims costs running at the equivalent of £4.3m every week.

This week: Proceedings and premiums

Fri, 20 Apr 2018 10:41:22 +0100

This week the UK has been focused on court cases and Inquiries.

Konsileo to offer 'bespoke' customer data for underwriting

Thu, 19 Apr 2018 15:31:34 +0100

Konsileo said its service will improve the claims process for insurers by providing underwriters more insight into risks.

Ardonagh has an acquisitions warchest of £500m

Thu, 19 Apr 2018 12:12:02 +0100

The Ardonagh Group has an acquisition warchest of £500m and a pipeline of 50 deals, CEO David Ross said.

Ardonagh reports growth despite MGA headwinds

Thu, 19 Apr 2018 10:32:24 +0100

Ardonagh Group has reported a 30% growth in its adjusted Ebitda last year, despite pressure in its managing general agent services and corporate business.

Insurance data could have been used in Leave campaign, claims whistleblower

Tue, 17 Apr 2018 15:49:48 +0100

A witness to the parliamentary Fake News Inquiry has raised questions over the use of insurance data in the Leave.EU campaign.

Konsileo raises £2.7m in series A funding round

Mon, 16 Apr 2018 12:19:35 +0100

Insurtech broker Konsileo has raised £2.7m from a series A funding round and will use the capital raised to bolster its recruitment process.

SSP users experiencing further difficulties following last week's disruption

Mon, 16 Apr 2018 11:01:01 +0100

SSP users are facing a fresh wave of issues this morning following problems with the platform on Friday.

Analysis: Leisure market - At your leisure

Mon, 16 Apr 2018 06:00:00 +0100

Brexit may raise the prospect of more expensive holidays abroad and longer waits at borders. If fewer European city breaks beckon, could there also be an upside in spending more time in England’s green and pleasant land?

This week in Post: BIA shortlist and other insurance news

Fri, 13 Apr 2018 13:44:03 +0100

This week we unveiled the long-awaited shortlist for the British Insurance Awards.

Ghost broker jailed after making £321,000 of false car insurance claims

Fri, 13 Apr 2018 10:56:36 +0100

A ghost broker who used victims’ details to make £321,000 of false car insurance claims has been jailed.

London Market launches permanent body to manage market services

Fri, 13 Apr 2018 10:31:38 +0100

The London Market Group has launched London Insurance Market Operations & Strategic Sourcing, a permanent body to manage market services.

Marsh UK CEO Mark Weil to leave the business

Fri, 13 Apr 2018 08:49:10 +0100

Marsh has appointed Chris Lay as CEO of its UK & Ireland region, pending the departure of Mark Weil.

Biba’s Steve White on why a transitional agreement is only the tip of the Brexit iceberg

Fri, 13 Apr 2018 06:00:00 +0100

News of a post-Brexit transitional agreement is a welcome one, writes Steve White, CEO of the British Insurance Brokers’ Association, however brokers must be wary that the hard work is still yet to come.

Insurtech initiative to set 'industry standard' for sector

Thu, 12 Apr 2018 17:01:19 +0100

Exclusive: A cross industry initiative has been established to draw up a roadmap for future insurtech innovation.

GRP buys Burnley-based Thomas Sagar

Thu, 12 Apr 2018 13:45:57 +0100

Global Risk Partners has acquired Thomas Sagar Insurances for an undisclosed sum.

Hamilton Bond was 'catalyst' for Jelf's Clark Thomson acquisition

Thu, 12 Apr 2018 12:44:06 +0100

Worcester-based claims consultant Hamilton Bond Group was the ‘catalyst’ for Jelf’s acquisition of Clark Thomson, according to CEO Phil Barton.

Jelf buys Scottish broker Clark Thomson

Thu, 12 Apr 2018 10:21:36 +0100

Broker Jelf is to acquire Clark Thomson, Scotland’s largest independent insurance broker.

Gallagher to become official Premiership Rugby sponsor

Thu, 12 Apr 2018 08:45:35 +0100

Gallagher is set to become the official title sponsor of Premiership Rugby from the 2018-19 season.

Barbican and Howden swept up in Gable fallout

Wed, 11 Apr 2018 15:35:32 +0100

Barbican Specialty Re and broker Howden are the latest companies to become embroiled in the fallout of Gable.

British Insurance Awards: 2018 shortlist revealed

Wed, 11 Apr 2018 11:58:00 +0100

C'mon everybody, it is shortlist time!

Marsh combines Middle East and Africa operations, appoints CEO

Wed, 11 Apr 2018 10:52:40 +0100

Marsh has combined its Middle East and Africa businesses and named Christos Adamantiadis as CEO.

FCA vows to bring dual pricing under the spotlight

Mon, 09 Apr 2018 14:57:19 +0100

The financial watchdog has vowed to tackle the problem of dual pricing in the coming year.

Broker Network buys Weald Insurance

Mon, 09 Apr 2018 10:06:08 +0100

Broker Network has continued its acquisition spree by snapping up Surrey-based broker Weald Insurance.

Analysis: Business interruption - Lost in translation

Mon, 09 Apr 2018 06:00:00 +0100

Specific terms and technical meanings can be misinterpreted and the difference in language used by insurers and insureds could lead to underinsurance when taking out business interruption cover

Blog: Sports and sponsorships

Fri, 06 Apr 2018 15:30:51 +0100

What do Dele Alli, Ashley Young and the Singapore Swimming Association all have in common?

Month in Post: He’s back and will bite at your ankles

Fri, 06 Apr 2018 11:48:41 +0100

There is always something troubling about a disembodied head. More so, when it is Arnie’s head and it is shouting at people at the bus stop.

Penny Black's Social World - April 2018

Fri, 06 Apr 2018 11:02:11 +0100

Princes and paralympians, beach clean and ice scene

Howden takes majority stake in Turkish broker ACP

Fri, 06 Apr 2018 10:34:15 +0100

Howden is to acquire a majority stake in a Turkish broker in a move to become one of Turkey’s largest insurance brokers.

Blog: What is Amanda Blanc’s legacy at Axa as she heads to Zurich?

Fri, 06 Apr 2018 09:41:56 +0100

Following the news yesterday that Amanda Blanc is to leave Axa to join Zurich as its CEO for Europe, Middle East & Africa, Jonathan Swift looks back at her time at the French insurer and assesses her legacy.

Amanda Blanc will 'wake up' Zurich, brokers say

Thu, 05 Apr 2018 15:19:41 +0100

Zurich’s capture of Axa UK CEO Amanda Blanc will “wake up” the insurer, brokers have said.

Interview: Matthew Reed, Equipsme

Wed, 04 Apr 2018 11:57:58 +0100

A veteran of brokers Towergate and Hyperion Group, and latterly insurer Axa, Matthew Reed is now fronting his own insurtech. Here he speaks to Jonathan Swift about how the managing general agent plans to make it easier for brokers to sell corporate private medical insurance and the advantages of boardroom experience when it comes to turning start-up ideas into reality

Ardonagh backers complete Compass acquisition

Wed, 04 Apr 2018 10:30:00 +0100

MDS and HPS Investment Partners have completed the acquisition of Compass Broker Holdings following approval from the Financial Conduct Authority.

Broker leaves SSP for Open GI

Tue, 03 Apr 2018 12:29:00 +0100

Islands Insurance Group has left SSP for rival provider Open GI, after a fresh round of outages at the software platform.

PIB capture sees GWP rise to half a billion

Tue, 03 Apr 2018 12:23:58 +0100

PIB Group has acquired commercial broker Wilby, the group’s 14th acquisition in 21 months.

Insurers still failing to meet FCA renewal rules

Tue, 03 Apr 2018 11:07:08 +0100

The Financial Conduct Authority has warned it will take action against general insurers who fail to implement rules introduced to encourage shopping around at renewal time.

Analysis: W&I for bricks and mortar

Tue, 03 Apr 2018 06:00:00 +0100

Warranty and indemnity insurance has seen significant growth in the real estate sector over the last few years. And, with the cover offering significant advantages to those involved in real estate deals, many expect it to become a standard part of any transaction

Q&A: Chubb's Karen Strong and Dan Atkinson

Tue, 03 Apr 2018 06:00:00 +0100

Chubb’s Karen Strong and Dan Atkinson talk to Jonathan Swift about why Chubb reviewed its real estate offering and how it intends to take this to the ‘next level’ with hires and delivering a ‘complete solution’ to clients

This week in Post: Caution, doubt and selling out

Thu, 29 Mar 2018 13:49:51 +0100

This week in Post, there was news of sales, incompetence and unprecedented losses.

Magenta takes minority stake in Eaton Gate

Thu, 29 Mar 2018 13:48:51 +0100

SME growth investor Magenta Partners has taken a minority stake in Eaton Gate Holdings and Vigilis Holdings, collectively known as EGV.

Integro snaps up Lloyd’s broker Tysers

Thu, 29 Mar 2018 11:16:56 +0100

Private equity-backed broker Integro has acquired specialist Lloyd’s broker Tysers.

Blog: What the Oak acquisition means for RSA, Zurich and the wider market

Thu, 29 Mar 2018 11:00:00 +0100

Jonathan Swift looks at whether RSA selling Oak Underwriting to Zurich is going to trigger a bolt-on bonanza - and if it really equates to Manchester United selling Carlos Tevez to Manchester City.

LV to remain ‘vigilant’ on home business ahead of Allianz deal

Wed, 28 Mar 2018 12:34:05 +0100

LV will take a cautious approach to the home market following the acquisition of Allianz’s personal lines portfolio.

Aviva's Phil Bayles reveals plans for UK GI growth

Wed, 28 Mar 2018 06:00:00 +0100

Aviva started the year in its healthiest shape in recent memory, shaking off the impact of the Ogden rate reform to return to profit.

CBL-owned broker struggling to get approval in France

Tue, 27 Mar 2018 10:30:12 +0100

SFS France, which is owned by CBL, is having difficulties getting approval from Orias, the French association registering and approving brokers.

Seeking the ultimate 'flying Uber car' is unrealistic, Equipsme boss warns insurtech investors

Mon, 26 Mar 2018 09:41:43 +0100

Exclusive: Private equity providers need to have realistic expectations when investing in insurtech start-ups, because they are unlikely to find the next “flying Uber car”.

Over half of Lloyd’s MGAs have under resourced teams

Fri, 23 Mar 2018 11:57:17 +0000

The majority of Lloyd’s managing agents are struggling with a lack of resources in their delegated authority teams.

Marsh's White replaces Agnew as LIIBA chair

Fri, 23 Mar 2018 10:59:54 +0000

Roy White, chairman of UK specialties at Marsh, has been named as chair of the London and International Insurance Brokers’ Association.

Analysis: Passing up on passporting

Fri, 23 Mar 2018 06:00:00 +0000

What next after the UK ruled out maintaining passporting within the European Union?

Hiscox's Masojada named PPL chair

Thu, 22 Mar 2018 10:37:29 +0000

Hiscox CEO Bronek Masojada has been named chair of the London market’s electronic placing platform.