UK
Deal pipeline 'vibrant' as ever says PIB's McManus as Germany buy adds reinsurance to roster
PIB Group has added reinsurance broking to its offering by striking its second deal outside of the UK with the purchase of Munich-based Marx Re-Insurance Brokers.
Nearly 500 people set to lose their jobs at Markerstudy
Markerstudy has opened a “redundancy consultation exercise”, the insurer has confirmed.
FCA's role evolving as 'product value policeman', says CMS
The Financial Conduct Authority’s new guidance issued today is far more than a helpful steer as the watchdog’s “product value policeman” role develops, according to CMS financial services partner Simon Morris.
FCA enacts guidance on insurance value during Covid-19 crisis
The Financial Conduct Authority has brought new guidance into force with immediate effect, telling insurance businesses to consider the impact of the coronavirus pandemic on the value of their products.
Axa forecasts €1.5bn coronavirus hit and halves dividend
Axa has estimated it will face €1.2bn (£1.07bn) in property and casualty coronavirus related costs along with spending €300m on ‘solidarity measures’.
Zurich takes Baj from Chubb as UK A&H head
Zurich has appointed Stephane Baj as head of accident and health in the UK and multinational joining from Chubb.
Interview: Zego CEO Sten Saar
Zego co-founder and CEO Sten Saar tells Emmanuel Kenning about the insurtech’s significant growth ambitions, how he came into the market nearly four years ago and why he is committed to it for the long haul
Direct Insurance stakes industry first claim with permanent remote working choice for staff
Direct Insurance Group has offered all staff the choice and flexibility of working from home, in the office or a mixture of the two on a permanent basis, Post can reveal.
Global recession 'like a car crash without an airbag', says Swiss Re
The global recession triggered by Covid-19 is “like a crash without an airbag” according to Jérôme Jean Haegeli, group chief economist at Swiss Re.
R&Q reveals record profits as it unveils growth ambitions
Randall & Quilter Investment Holdings has reported a 180% rise in pre-tax profit from continuing operations to £40.1m for the year ended 31 December 2019.
Analysis: Broker buyers upbeat on M&A rebound
As the coronavirus pandemic hits every aspect of life and business in the country Post investigates what has happened in the broker mergers and acquisitions space and what is likely to come next
Allianz appoints Rebecca Rogers as property claims head
Allianz has named Rebecca Rogers as head of property claims joining from LV.
Gibraltar regulator adds former ABI leader Stephen Haddrill to board
The Gibraltar Financial Services Commission has appointed ex Association of British Insurers director general Stephen Haddrill and former director general of the Association of Independent Financial Advisers Paul Smee to its board.
Analysis: What next for arson?
The Arson Prevention Forum, an organisation designed to bring together relevant parties to share ideas, good practice and trends on the fight against arson, has hit pause on holding meetings. Post investigates why and what next where it comes to tackling…
Trade Voice: Malcolm Hyde of CILA on staying relevant
The executive director of the Chartered Institute of Loss Adjusters, Malcolm Hyde, offers a guided tour of how the association came into being, its ongoing dedication to professional standards and preparing for the challenges of tomorrow.
Two US law firms investigating WTW over Aon deal
Two US law firms have launched investigations into whether Willis Towers Watson board directors breached their fiduciary duties or violated other laws around the mega-merger with Aon.
Qudos buyer’s €46m lawsuit against former owner pushed back
Qudos owner New Nordic Advisor’s legal action against Echelon Financial Holdings has been delayed due to the coronavirus pandemic.
Q&A: Joe Thelwell, Towergate
Joe Thelwell, CEO of Towergate Insurance Brokers, talks about organic growth, acquisitions and responding to the Covid-19 crisis as well as sharing how he started in insurance and what comes next for him and the business.
One Voice Group urges ABI and senior insurance executives to attend talks with 'open minds'
The Association of British Insurers missed the point in its response to a letter from One Voice Group, Stephen Gould, chairman of the hospitality representative body, told Post as he reiterated the call for leadership and engagement.
Trio of insurtechs raise almost £20m as market warned of slowdown in investments
A trio of insurtechs have confirmed early-stage fund raising of almost £20m only one week after the market was warned to expect a slowdown in investment due to Covid-19.
Ex-Besso boss Bird joins EC3 Brokers
EC3 Brokers has appointed former Besso CEO and chairman Colin Bird to work alongside senior management.
Ardonagh outlines coronavirus lockdown impact
Ardonagh Group has revealed a 1% drop in income year-on-year in April, pointing to a limited impact from the Covid-19 crisis as adjusted Ebitda rose to £20.7m.
Towergate strikes first buys of 2020
Towergate Insurance Brokers has bought the Education Staff Absence insurance book from Integro and snapped up farm insurance specialist Edwards & Swan Insurance Brokers.