Wednesday, 12/12/2018 | : : UTC-5
Insurance Breaking News | Home & Auto Insurance
  • Fusion sports activities group strikes into Geo Specialty after Ardonagh sale
    Fusion sports activities group strikes into Geo Specialty after Ardonagh sale

    UK development portfolio additionally ring-fenced from deal. Fusion’s sports activities, leisure and leisure (SLE) staff has moved throughout to Geo Specialty, a part of Geo Underwriting, for the launch of a brand new unit. The changeover got here simply over a month after the Ardonagh Group agreed to promote its business managing basic agent (MGA) […]

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  • Quizzical questions: 2 November 2018
    Quizzical questions: 2 November 2018

    You’re at present accessing Insurance coverage Age by way of your Enterprise account. If you have already got an account please use the hyperlink under to check in. When you’ve got any issues together with your entry or want to request a person entry account please contact our customer support staff. Telephone: 1+44 (zero)870 240 […]

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  • Podcast: The highest 5 tales of the week
    Podcast: The highest 5 tales of the week

    The Insurance coverage Age workforce talk about the highest 5 tales from the previous week that includes fines, the FCA, Ardonagh and Reich. Insurance coverage Age’s editor, Siân Barton, and reporter, Emmanuel Kenning, give their views on the week’s huge tales as they cowl the 5 most clicked on articles by brokers. Use the hyperlink […]

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  • Ardonagh elevating $225m debt for offers
    Ardonagh elevating $225m debt for offers

    Finance to cowl Swinton takeover and extra. Ardonagh Group has launched a $225m [£175.8m] new debt spherical to pay for purchasing Swinton in addition to “common company functions together with acquisitions”. The brand new bond will mirror earlier choices and the pricing is predicted to be confirmed within the subsequent 5 days and shut inside […]

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  • Ingenie founder Richard King unveils new telematics insurer backed by Gary Lineker
    Ingenie founder Richard King unveils new telematics insurer backed by Gary Lineker

    InsurTech start-up to launch subsequent yr following partnership with Munich Re. Former Ingenie founder and chief government Richard King is launching a brand new telematics motor supplier, Ticker, partnering with Munich Re Digital Companions (DP). King will launch the enterprise in early 2019, together with former Ingenie boss Mike Ketteringham. As well as, ex-RSA managing […]

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  • Ardonagh sells Direct Group’s claims enterprise for £36m
    Ardonagh sells Direct Group’s claims enterprise for £36m

    Determine dependent upon efficiency. The Ardonagh Group has agreed to promote Direct Group’s claims enterprise to Davies Group for as much as £36m dependent upon efficiency. Ardonagh purchased Direct Group, then referred to as Ryan Direct Group, in April final yr. On the time the Doncaster-headquartered enterprise was a supplier of insurance coverage distribution and […]

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  • François-Xavier Boisseau a “huge loss” to Ageas
    François-Xavier Boisseau a “huge loss” to Ageas

    However most brokers consider the insurer’s deliberate restructure is constructive. Brokers have said that François-Xavier Boisseau shall be “sorely missed” after his deliberate retirement from Ageas. The transfer was revealed by Insurance coverage Age on the similar time that the insurer introduced a big restructure, which it stated was designed to simplify the enterprise. Be Wiser […]

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  • Gilles Normand leaves Swinton – Insurance coverage Age
    Gilles Normand leaves Swinton – Insurance coverage Age

    CFO Scott Kennedy turns into CEO on interim foundation. Gilles Normand has left the chief government publish at Swinton. Based on a submitting at Corporations Home his directorship ended on three October. The agency was just lately bought to Ardonagh Group for £165m in a deal anticipated to finish across the flip of the yr. […]

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  • Shut Brothers wins Swinton account in £60m deal
    Shut Brothers wins Swinton account in £60m deal

    Transfer seen as first step in Ardonagh “monetisation” technique. Shut Brothers Premium Finance (CBPF) has expanded its relationship with Ardonagh Group by profitable the Swinton account, Insurance coverage Age can reveal. Final week Ardonagh agreed to pay £165m for Swinton stating it might fund the acquisition from present finance and with “money from monetising sure […]

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