All Agenda articles – Page 5
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Agenda
FCA issues double warning of unauthorised insurance firms operating through Instagram
Unauthorised firms by the name of Cheap Insurance Broker and B1 Insurance were both being run through Instagram
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Allianz brings on 167 new broker clients in LV= merger as personal lines completes transition
The insurer announced a slight dip in commercial profitability, but attributed that to the LV= transition and outlined the plan for L&G
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Gallagher Bassett expands London market presence with acquisition
Gallagher subsidiary picks up assets of Welsh claims management firm
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‘Last minute issues’ throw Alpha replacement cover deal for 30,000 customers into doubt
Insurer had in principle agreed to cover customers previously insured by collapsed carrier Alpha, but has now raised last minute issues
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Egan sees ‘early shades of growth’ at RSA as new regional broker business shoots up
After a period of shrinking UK premium to restore profitability, chief executive Scott Egan sees signs of green shoots in the broker channel
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RSA returns UK personal lines to profit at expense of premium
RSA takes a disciplined approach to personal lines pricing, resulting in a return to underwriting profit
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Arch acquires Lloyd’s insurer Barbican
Arch builds its presence at Lloyd’s with Barbican deal
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Litmus unveils insurer ratings ‘how to’ guide amid boom in applications
Ratings advisory firm says the increasing number of unrated failures is encouraging more firms to apply for a rating for the first time
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Figures reveal impact of JLT deal in first Marsh results since merger
Marsh owner updates on the amount spent in acquisition costs and integration costs through purchasing JLT
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Irish leisure market’s insurance crisis with jobs threatened. Is UK next?
Brokers give their views on the challenges faced by the UK leisure insurance sector and how they compare to those in Ireland
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MGA transferred LAMP customers to unrated Gibraltar insurer over rated alternative
Now4cover chief executive Michael Muzio explains why the unrated option was the better choice in this case
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Nexus Group acquires niche professional indemnity MGA
It is Nexus’ second deal in financial and professional lines this year
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Cyber risk to HNW individuals is growing
Insurers move to include cyber in high net worth products as social engineering and business email compromise attacks rise
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High net worth investors are turning to drink as whisky values surge
Wealthy collectors splash the cash on rare Scotch, while London’s ultra-high net worth stick to bricks and mortar
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Agenda
Ex-CEO Asplin ordered to pay £5.3m for DAS fraud
DAS will receive around £8.3m in compensation from Asplin and the other two defendants found guilty of defrauding the firm at last year’s trial
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HNW cover prices under pressure from costs and exits
Rising cost of claims and high-profile exits drive up premiums as market hardens
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Escape of water claims at £2.5m a day
Escape of water (EoW) claims have been a significant issue for the domestic property market over the past few years
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PIB completes COBRA deal and appoints new network chief executive
Former COBRA chief executive has agreed to stay on in a consultancy role for the foreseeable future
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Agenda
Insolvent motor broker directors under investigation as XL Catlin legal case stayed
Administrator has been investigating the conduct of directors and has submitted a report to government department
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Agenda
GRP acquires specialist Lancashire-based intermediary
Intermediary’s chief executive and chief operating officer will remain with the business