Howden has snapped up Ross Insurance Group, a commercial broker leaning towards corporate and technology clients. The broker has a particular focus on financial and construction risks, and in addition to technology deals with clients in financial services, construction, property management and vehicle leasing.
The UK branch of Convex Europe SA, which is part of Convex Group Limited, has received approval from the Financial Conduct Authority and the Prudential Regulation Authority. The approval is effective immediately and means Convex Europe SA can write European business via London.
Not-for-profit electronic trading specialist Placing Platform Limited has confirmed the next generation of its platform will become available in 2022. The first risk was bound on PPL in 2016 and today it is used by around 380 broking and underwriting firms across virtually all classes of business in the London market.
Credit insurance and surety specialist Xenia Broking Group has acquired Northampton-based intermediary, Peter Hill Credit and Financial Risks Limited. The Peter Hill team, led by Mark Davison and Dave Smith, will continue to run the business from its current offices. The operation will be rebranded as Xenia in due course.
Re/insurance broker Consilium has added professional indemnity cover to its asbestos scheme for removers and surveyors, complementing the existing covers for employer’s liability, public liability and plant. The new product is underwritten by Lloyd’s syndicate Probitas 1492. It is available to asbestos removers, demolition contractors, surveyors, general building firms and allied trades.
Broker Arthur J Gallagher & Co has announced the completion of substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson. The combined businesses will trade as Gallagher Re from more than 70 offices across 31 countries and employee around 2,400 people.
Tracking specialist Ctrack has teamed up with machine learning insurtech Humn to create a commercial fleet insurance proposition. Under the agreement, Ctrack Online, the web-based tracking solution, will be integrated with Humn’s data-driven insurance management system, Rideshur.