Aon boosts insurance support for small businesses & more…Keep up with what has been happening this week in our latest insurance news round-up…

wefox appoints new CEO in bid to revolutionise insurance industry

wefox, a prominent InsurTech company, has announced the appointment of Mark Hartigan as its Executive Chairman and Chief Executive Officer.

Under-representation of women in senior insurance roles in the UK, says Morningstar DBRS

Morningstar DBRS recently published a commentary highlighting the under-representation of women in management positions within the UK insurance sector, despite companies implementing several initiatives to counteract this trend.

Aon boosts insurance support for small businesses

Aon plc has entered into a strategic partnership with Reckon, a provider of accounting and payroll solutions. This collaboration is set to enhance the insurance offerings available to small and medium-sized businesses (SMBs) across Australia. According to Aon, up to 57% of Australian SMBs may not have sufficient insurance coverage.

Howden acquires Hencilla Canworth, strengthening its position in the Sports and Entertainment market

Howden announces that it has acquired Hencilla Canworth GI Ltd., a leading British independent specialist performing arts insurance broker, adding further scale and product expertise to Howden’s leading Sport and Entertainment division.

Lloyd’s of London 2023 underwriting profit doubles

Lloyd’s of London’s underwriting profit jumped 127% in 2023 to 5.9 billion pounds ($7.52 billion), it said on Thursday, as commercial insurers have cut back on riskier business and raised premiums.