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Insurer - en-gb Sarah Willmont promoted to UK CEO as Canopius restructures Canopius has named Sarah Willmont as UK CEO as it reorganised its global underwriting operations into four areas of specialty, short tail, reinsurance and casualty. Fri, 27 May 2022 11:55:30 +0100 Biba welcomes FSCS fee cut The British Insurance Brokers' Association has welcomed the Financial Services Compensation Scheme's decision to lower the broker levy from £68m to £5m for 2022/23. Fri, 27 May 2022 10:11:36 +0100 People Moves: 23-27 May 2022 Keep up-to-date with the latest job changes in insurance. Fri, 27 May 2022 10:01:42 +0100 Disappointed FCA warns brokers on consumer harms The Financial Conduct Authority has written to brokers warning there are significant risks of potential harm that both the market and individual firms need to address and that it will take action where needed. Thu, 26 May 2022 16:21:17 +0100 BoE exercise: No additional action scenario on climate change ups UK insurer losses by 50% UK general insurers could face at least a 50% increase in average annualised losses in a non additional action on climate change scenario, a report by the Bank of England has detailed. Thu, 26 May 2022 12:22:25 +0100 R&Q and Brickell deal collapses R&Q has detailed plans to raise $108m (£85.8m) as the proposed takeover by Brickell fell through. Thu, 26 May 2022 11:46:43 +0100 Cyber pricing hardens over 30%, says Aon Market conditions for cyber insurance in the UK remain challenging with prices hardening by over 30% for the first quarter, according to an update by Aon. Wed, 25 May 2022 12:58:42 +0100 Adrian Coupland joins Earnix The former customer and marketing director at SSP, Adrian Coupland, has joined Earnix as head of sales for insurance in Europe, the Middle East and Africa. Wed, 25 May 2022 11:18:52 +0100 Brickell seeks to cancel £482m R&Q takeover deal Randall & Quilter has revealed that Brickell has cited a “material breach” and moved to scrap the proposed takeover. Wed, 25 May 2022 10:33:34 +0100 Policy Expert signs six-year £2bn capacity deal with R&Q Accredited Europe Home and motor insurtech Policy Expert has agreed a six-year capacity deal with A- rated R&Q subsidiary Accredited Insurance (Europe). Tue, 24 May 2022 14:26:23 +0100 HDI restructures UK & Ireland operations HDI Global and HDI Global Specialty’s UK and Ireland branches have been brought under a common leadership structure for the first time. Tue, 24 May 2022 10:45:37 +0100 SEIB adds Lloyd & Whyte CEO to board Matthew Pyke has become a non-executive director for SEIB, which is owned by Ecclesiastical's parent firm. Lloyd & Whyte is also 20% owned by the Benefact Group Tue, 24 May 2022 09:52:45 +0100 MS Amlin teams up with Altelium on battery energy storage insurance MS Amlin Underwriting has partnered with insurtech Altelium to launch a battery energy storage system construction all risk and operational all risk insurance solution. Tue, 24 May 2022 09:04:39 +0100 R&Q delays shareholder vote on takeover R&Q has postponed the shareholder vote on being bought by Brickell until 25 May. Mon, 23 May 2022 10:24:34 +0100 FCA warns on Broker Express clone The Financial Conduct Authority has warned of a clone of Broker Express with fraudsters using or giving out details as part of their tactics to scam people in the UK. Fri, 20 May 2022 12:20:01 +0100 Aviva enters exclusive discussions to buy Azur’s HNW operation Aviva has opened exclusive negotiations with specialist managing general agent Azur Underwriting to buy its high net worth personal lines business in the UK and Ireland. Fri, 20 May 2022 12:10:06 +0100 Zurich to sell Russian business to local team and exit market Zurich Insurance Group has agreed to sell its Russian business to 11 members of the unit’s team. Fri, 20 May 2022 11:26:50 +0100 RSA re-jigs leadership team to bring customer operations and claims together RSA has promoted Karl Helgesen to chief operating officer with Louisa Leonard becoming managing director for personal lines to replace Kay Martin who is retiring. Fri, 20 May 2022 10:28:25 +0100 Gallagher to rebrand Coleman Marine Gallagher will rebrand Coleman Marine as Gallagher on 30 May. Thu, 19 May 2022 12:15:09 +0100 Michael Gove slams "neither fair nor decent" high premiums for leaseholders Michael Gove, the Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations has pledged to reduce premiums for leaseholders amid the Financial Conduct Authority’s study into the market. Thu, 19 May 2022 12:02:54 +0100 Aviva grows UK GWP by 4% in Q1 Aviva has posted a 4% rise in UK gross written premiums for the first quarter of 2022 to £1.24bn but a deteriorating combined operating ratio of 99.4%. Wed, 18 May 2022 11:24:08 +0100 Aviva halfway to regional underwriter recruitment target Aviva has added a net 20 new underwriters to its underwriting team in the regions, chief distribution officer Gareth Hemming told Insurance Age. Wed, 18 May 2022 09:58:54 +0100 PIB adds to Spanish portfolio PIB Group has bought Spanish broker Tractio. Tue, 17 May 2022 14:29:54 +0100 Das LEI reports comprehensive £4.3m loss for 2021 Das Legal Expenses Insurance Company made an underwriting loss of £2.1m for the full year 2021 according to its solvency and financial condition report. Tue, 17 May 2022 12:18:15 +0100 Premier League football clubs open court claim against insurers A suite of football clubs including Arsenal, Aston Villa, Brighton & Hove Albion, Leicester, Liverpool, Tottenham and West Ham have filed a claim in the commercial court against Allianz, Aviva, CNA, Liberty, MS Amlin and Zurich. Tue, 17 May 2022 12:17:42 +0100 Burnley and Blackburn CII branch to close The Chartered Insurance Institute of Burnley and Blackburn is to close its doors, Insurance Age can reveal. Tue, 17 May 2022 10:36:02 +0100 FCA warns on Allianz Global Corporate clone The Financial Conduct Authority has issued an alert that fraudsters are claiming to be Allianz Global Corporate and Speciality SE, the European Economic Area authorised firm. Mon, 16 May 2022 16:40:26 +0100 CII posts £4.4m loss for 2021 The Chartered Insurance Institute has revealed a return to operating surplus but a £4.4m group loss for 2021 as it was hit by pension costs of £6.64m and a tax charge of £1.98m. Mon, 16 May 2022 11:41:56 +0100 County Group make third deal of the year with Marsh and Co County Group, which is part of GRP, has purchased broker Marsh and Co, and its MGA, Ginger Markets, for an undisclosed sum. Mon, 16 May 2022 11:06:42 +0100 Aviva takes Ryan Birbeck from Axa as Karen Jackman departs Karen Jackman, regional distribution director, has decided to leave Aviva after a career spanning 31 years and the insurer has also recruited Ryan Birbeck as regional broker director, Insurance Age can reveal. Fri, 13 May 2022 15:48:34 +0100 Home insurance prices fall to record lows, says ABI The average price paid in the UK for buildings insurance in the first quarter of the year dropped by 7% compared to Q1 2021 with contents insurance down 11%, according to the latest Household Insurance Premium Tracker from the Association of British Insurers. Fri, 13 May 2022 14:56:01 +0100 Superscript launches ‘Daylight’ for digital asset businesses Superscript has staked a claim to be the first Lloyd’s broker to launch a product dedicated to distributed ledger technology, digital asset, and blockchain businesses. Fri, 13 May 2022 11:53:51 +0100 Allianz puts Home & Legacy up for sale Allianz is exploring options for Home & Legacy which could include a sale with high net worth not being seen as a core strategy for the current owners, Insurance Age can reveal. Fri, 13 May 2022 11:04:11 +0100 People Moves: 9 - 13 May 2022 Keep up-to-date with the latest job changes in insurance. Fri, 13 May 2022 10:16:15 +0100 RSA’s Alex Hardy commits to developing the right products for brokers The sales and distribution director said that the insurer was focused on creating the products brokers need as it works to improve its broker proposition. Thu, 12 May 2022 15:05:14 +0100 Acrisure lifts the lid on network rollout and broker buying plans Acrisure is forming a network and its application to the Financial Conduct Authority is “going in now”, president of UK retail Mark McIlquham, has revealed. Thu, 12 May 2022 12:17:52 +0100 BHL-backed Coral Insurance opens for business Specialist legal expenses provider Coral Insurance, backed by Allianz, began trading this week with the aim of making LEI a “valued, must have” for UK consumers and targeting 15% of the market. Thu, 12 May 2022 10:36:29 +0100 FCA does not want to be a price regulator, says Sheldon Mills Sheldon Mills, executive director – consumers and competition at the Financial Conduct Authority, has stressed to brokers that the watchdog does not want to be a price regulator. Thu, 12 May 2022 09:46:25 +0100 Amanda Blanc reveals sexism got worse as she took more senior roles The Aviva CEO responded to a story which showed that Aviva chairman, George Culmer, chided shareholders for inappropriate comments about Blanc and female board members at a recent AGM. Wed, 11 May 2022 16:13:37 +0100 Biba launches underinsurance guide The British Insurance Brokers’ Association has launched a guide to support brokers in helping their customers avoid the risks associated with being underinsured. Wed, 11 May 2022 12:05:17 +0100 MGAA boss Keating pushing for more as membership growth continues The Managing General Agents’ Association is approaching 350 members with plenty of scope remaining for further growth, CEO Mike Keating told Insurance Age. Wed, 11 May 2022 11:16:09 +0100 Backpage - May 2022 Meet our pet of the month, learn about the industry's charity endeavours and take a look at the lighter side of insurance Tue, 10 May 2022 09:15:30 +0100 Biba launches drone scheme The British Insurance Brokers Association has teamed up with Coverdrone to offer its members access to drone insurance products. Mon, 09 May 2022 16:41:24 +0100 Investec enters premium finance space Investec Premium Finance focuses on providing funding for commercial insurance policies and accommodating personal lines, all offered via regulated insurance brokers. Mon, 09 May 2022 15:06:13 +0100 AUB Group to purchase Tysers for £500m The Lloyd’s wholesale broker has entered a binding agreement to be bought by AUB. Mon, 09 May 2022 11:44:00 +0100 GS Group buys Dundee-based Strathtay Family run business, Strathtay Insurance Brokers, has been bought by Perth-headquartered GS Group. Fri, 06 May 2022 13:05:53 +0100 Coplus rolls out product development platform Coplus has targeted brokers as it launched a go-to-market platform claiming it cuts the time needed to develop ancillary products to three months. Fri, 06 May 2022 12:19:31 +0100 People Moves: 3 - 6 May 2022 Keep up-to-date with the top personnel stories on Insurance Age. Thu, 05 May 2022 10:52:18 +0100 Landmark Underwriting makes two buys Landmark Underwriting has revealed its first two deals after raising debt financing through SME lender BOOST&Co. Thu, 05 May 2022 10:09:27 +0100 Opinion: The importance of the right chemistry for schemes and DAs Axa UK’s Gary Head explains why the formula must be right to achieve long-term success Thu, 05 May 2022 09:59:05 +0100