Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced the appointment of Richard Brown to lead a new team focusing on property business through retail distribution channels in the UK, Europe and selected …
New Dawn Risk, the international specialist insurance intermediary, announced the launch of a new division focused on the UK market. It will provide liability and specialty solutions direct to insurance buyers, as well as partner with UK regional brokers looking …
Britain’s market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the country endures a third lockdown. The Financial Conduct Authority said Thursday that the pandemic is pushing the firms to the …
Specialist Risk Group (SRG), a London-based specialist insurance broker, announced it has acquired KBIS British Equestrian Insurance, a well-established broker within the equestrian market. Financial details of the transaction were not disclosed. Purchased by Guy and Liz Prest in 1991, …
LONDON (AP) – So far, the large majority of British and EU citizens have not felt the realities of Brexit. Though the UK left the European Union on Jan. 31, it follows the bloc’s rules until the end of this …
UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a transaction valued at 508 million pounds ($685 million). Admiral will get about 450 million pounds in the …
LONDON — Mutual insurer Liverpool Victoria Financial Services (LV=) has agreed to sell its savings & retirement and protection businesses to funds advised by private equity firm Bain Capital Credit LP for 530 million pounds ($706.54 million), the company said …
Zego, the London-based mobility insurance provider and the first UK insurtech to be awarded an insurance license, has acquired telematics company, Drivit. The deal, which will enable Zego to collect real-time driver behavior data in-house, signals the company’s intent to …
AXA XL Insurance announced that Nicola Harris has been promoted to head of Energy, UK & Lloyd’s market. In her new role, Harris is responsible for developing the UK energy book, executing strategy and designing innovative insurance solutions for AXA …
Brexit could one day give the European Union an opportunity to challenge the City of London’s dominance as a global financial hub. Right now, however, the EU is in no condition to take advantage. As talks on Britain’s future relationship …
