Articles by Siân Barton
Gallagher buys JLT’s aerospace operations in £190m deal
The global deal affects the UK with 100 London Market employees joining Gallagher.
GRP-owned EPUL adds non-damage BI cover to terrorism product
Move follows Pool Re’s extension of its cover to include non-damage business interruption.
Tasker buys Castle Insurance Consultants
Castle specialises in tour operators, food and leisure, and health and beauty, and will act as a hub for the Lincolnshire region.
Editor's letter: March 2019
With Brexit day on the horizon, brokers are planning and preparing
Revenue nudges up for Go Compare
Operating profit also went up but revenue in its price comparison segment slipped.
Arag buys the Das Irish business
The Irish office will be managed by the UK team and the move assists with potential issues arising from Brexit.
FCA publishes Brexit guidance for general insurance firms
The regulator has issued the information for companies to use in the event of hard or soft Brexit and urged brokers to act “without delay”.
QBE launches Business Combined product on Open GI
The policy is now accessible for brokers on the Powerplace and Mobius platforms.
Sure Thing! launches private car MGA
The motor broker has set up Stabilis in order to drive growth and is backed by A-rated Accredited Europe.
Insurance Cares: Staysure launches winter sports accessibility guide
The travel broker has developed the guide for people with pre-existing medical conditions.
Successor announced for CEO Geddes at Direct Line
Penny James, CFO at the insurer is set to take the helm from 9 May this year.
Customer trust in insurance drops
Research is published just a day after a Go Compare study claimed customers are caught in a £1.2bn auto-renewal “loyalty trap”.
ABI slams “unforgivable” no-deal Brexit
Huw Evans described it as an act of economic and social self-harm and outlined potential damage to the insurance sector.
Axa staff sentenced for data theft
‘Wolf of Manchester’ case sees an employee and ex-employee of the insurer, along with two others who ran a claims management company, get suspended sentences for their roles in exploiting and selling customer data.
Profit, COR and GWP all improve at Hiscox
COR is 94.4% for the group but UK reports broker “indigestion” as the provider beds in new systems and admits changes had a knock-on effect on service. Plus insurer reveals Brexit costs.
Complete Cover Group tipped for sale
Several sources have indicated that the business is on the market.
Germany extends passporting rights for UK insurers
The country has adopted some special provisions in case of a no deal Brexit.
Stable year for Open GI
Ebitda grows to £28.7m from £27.2m as software house notes that there was some disruption in 2018 as it sought to make operational improvements.
“Surprise” at FCA clean bill of health for “unbalanced” wholesale market
The regulator said there was room for improvement and did not take action but expert suggests brokers expected the watchdog to intervene in what is seen as an “unbalanced market”.
NIG develops Brexit stock cover extension
Updated: It has been added to a number of lines following reports about companies increasing the level of stock-piling to prepare for the UK leaving the EU.
Azur launches emerging wealth home product
The provider said the offering has been designed to help brokers compete with direct writers with quote and bind taking less than two minutes.
FCA outlines “room for improvement” in £60bn wholesale market
However, the study into it did not identify “significant areas of harm” as Biba welcomes the final report.
FCA sounds latest clone broker alarm
A warning has been published by the regulator about a clone of Protect Your Bubble, which provides gadget and jewellery insurance.
Litigation funding and ATE product launched
The proposition is available to brokers via Sybaris Legal & IP and backed by insurer Acasta Europe.