Latest News – Page 296
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Davies set to buy Lloyd’s managing agent
The deal adds significant strength and reach to Davies’ global insurance services practice
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Marshmallow becomes latest insurtech unicorn
The insurtech’s headcount has also increased by more than by 200% in the past year - it expects to hire 400 people over the next 24 months
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BGL Group explores multimillion-pound sale of its insurance arm
The broker distributes policies for the likes of Marks and Spencer and the RAC
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Former Brightside chief exec McCafferty takes on non-exec role at NPA Insurance
McCafferty feels NPAI ‘has genuine potential for growth in what is currently a difficult market for brokers’
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Markerstudy hires ex-Brightside boss as its new trading director for SME
The candidate has more than 30 years of experience in the insurance industry, with tenures at Jelf, Marsh and Towergate Insurance
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Axa sells insurance operations in Gulf region
The cash consideration for the deal with Gulf Insurance Group amounts to $264m
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NuVenture launches new MGA offering specialist insurance to care sector
It is the second MGA NuVenture has launched in the space of two months
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Nearly half of UK renters don’t have contents insurance – Trōv
Not a single renter surveyed by the insurtech had used a specialist broker to help them buy insurance
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Pen Underwriting appoints newly created head of technology role from Hiscox
The hire of the ‘established insurance heavyweight’ aims to help the MGA branch into a new market niche
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Zurich Insurance UK signs three-year green parts deal with vehicle recycling company
The partnership aligns with Zurich’s ambition to ‘embed sustainability across our business’
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Broadway Insurance Brokers surpasses first year forecast amid pandemic
Broadway’s chief executive says there will be more ‘senior, strategic’ appointments too
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Ethos Broking appoints commercial director from Marsh
Chief executive believes the new hire ‘is a perfect match for the business’ who will ‘make an impact quickly’
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PIB Group improves adjusted EBITDA by 41% for 2020
After completing a host of acquisitions last year, the broker has its sights set on further international growth and plans for ‘new territories to add to the group’
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ATEC Group secures partnership with price comparison website
The new non-standard home insurance offering aims to meet increasing customer demand in a ‘hugely underserved’ market
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Backchat September 2021
Celeb spotting, pets swallowing foreign objects and the insurtech sector joining forces for a cycling race - what has the insurance industry been up to of late? You heard it here first…
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Beazley launches affirmative cyber cover for luxury yachts
With an £18m aggregate policy limit, the insurance product aims to combat cyber threats to superyachts using ‘preventative mitigation services, traditional asset indemnity and immediate response services to incidents’
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New group of specialist insurance brokers launches
Chief executive says the group’s purpose is to ’support flourishing insurance broking businesses with a clear focus on data and technology’
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Film production delay terms ‘more specialised’ than standard BI cover
Aggregation is becoming ’one of the key disputed issues’ over claims for film production delay
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Worry+Peace closes first external funding round
The insurtech’s founder says that the business’ focus remains ’singular’
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Revealed: Insurance Times Awards finalists – class of 2021
This year’s shortlist has been unveiled – did your firm make the cut?