Commercial Lines – Page 9
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Specialist drone MGA hires ex-Brit senior manager as chief operating officer
’Her deep expertise in the field will be invaluable as we accelerate our expansion across both the commercial and hobby drone insurance sectors,’ says managing director
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Aviva teams up with Cyber Resilience Centre
’Cyber Resilience Centres provide access to high quality – and generally free – advice and guidance,’ says head of cyber
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Palestine Action protestors attack multiple Allianz locations and occupy Guildford HQ
The protest group says the insurer is a major financial backer of Israel’s arms and weapons industry
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Chester-based broker joins JMG Group
’This collaboration will help us develop new products and expand the business,’ says managing director
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week (30 October – 4 October 2024)
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New president takes the helm at Cila
’It is an honour to be elected as Cila president for the coming year,’ says new president
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Zego exits B2B market and makes further staff cuts
’With these changes, we are confident in our positioning to drive sustainable growth in 2024 and beyond,’ the insurtech said
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RSA launches new D&O product due to ’uncertain times’
’Senior management make decisions on a daily basis that can be open to question at a future date,’ says head
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Broker to create new motorsport arm as it announces acquisition
’This acquisition accelerates our strategy of growing our specialisms,’ says managing director
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Beazley makes c-suite changes as promotions announced
’It is pleasing to note that at Beazley we have an outstanding talent pipeline and strong process of succession planning,’ says chief executive
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Broking group makes second acquisition since 2023 launch
’We are proud to provide a viable alternative to the industry consolidators when brokers are looking to sell their business,’ says chief executive
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MGA secures capacity deal with recently rebranded insurance firm
’It supports our growth ambitions over the next five years,’ says managing director
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PIB Group announces acquisition of family-owned broker
’We are committed to empowering entrepreneurs to pursue what’s best for their business,’ says regional managing director
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JMG hits milestone with acquisition of insurance group
Chief executive says the latest deal will add ’real value to clients via Lloyd’s and MGA expertise’
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Earnix upgrades London office as it looks to continue ‘good progress’
Chief executive says the move marks a ‘significant investment’
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Ecclesiastical posts underwriting profit of £20.4m for H1 2024
Ecclesiastical put the improved profitability of its underwriting partially down to a ’more stable claims environment’
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Marsh launches new trade disruption facility with $50m of capacity
’Recent geopolitical turmoil has exposed a clear gap in the standard cover available to ports and other cargo facilities,’ says head
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Aviva announces new capacity deal with Howden
’This agreement demonstrates our commitment to growing our MGA, DUA and schemes portfolio,’ says chief distribution officer
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Nearly half of commercial properties remain underinsured – Gallagher
’Our research shows that the issue of underinsurance is not going away,’ says claims director