Investment news August week 1
A lot of movements in the insurance world this week it seems! Several key players are starting to snap up executive talent to enable the changes they want to see as well as some key M&A activity in important regions. Acturis and Howden are continuing the trend of picking up new businesses to help achieve business goals and it says a lot about how those organisations plan to ride out the current trend of economic instability.
Probably the most noteworthy news is RSA’s half year loss. Nobody would say that this is the end of the world for any company given the current financial climate we’re all trying to wade through. Of course, seeing overall losses for a half is rarely too promising. It’s not surprising to see a drop in written premiums given many customers both in personal and commercial lines will be looking to seek out cheaper policies – or give them up altogether as can sometimes be the case in personal lines. I’d expect RSA to come out strong after this but the company does need to ensure it has all its ducks in a row. No business is too big to fail.
Ardonagh hires ex-Aviva leader as sales director (August 4, 2023)
NEXT Insurance unveils umbrella/excess liability coverage for SMEs (August 7, 2023)
Acturis snaps up Broker Buddha in bid to enter US market (August 7, 2023)
Howden’s Dual swoops for bloodstock MGA (August 7, 2023)
RSA slips to half-year loss (August 7, 2023)
Markerstudy investor Pollen Street gets PRA approval for Tradex deal (August 7, 2023)
FloodFlash completes Hiscox capacity deal (August 8, 2023)
CMA questions car theft statistics (August 7, 2023)
Ascend Engages With NFP to Deploy Its Financial Technology Platform (August 7, 2023)
Venbrook Insurance Services Strengthens Commercial Retail Services Segment Nationally With Two New Vice Presidents (August 7, 2023)
AA Insurance Services moves to CDL (August 4, 2023)