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Broker Expo 2024: Sellers have to work harder in 12 months after acquisition

Richard Pitt, managing director at Critical Friend Partnership, observed at the Broker Expo 2024 that in the first 12 months after the acquisition, the seller is “probably going to have to work harder”.

By Rosie Simms

Broker Expo 2024: Brokers urged to focus on claims to grow successfully

By Saxon East

Broker Expo 2024: Biba encouraged by ‘step-change’ in FCA’s approachability

By Scott McGee

Broker Expo 2024: Talent shortage threat to market

By Rosie Simms

Ex-Simply Business boss Jason Stockwood named as NED at Ripe

Companies House has confirmed the appointment of former Simply Business group CEO Jason Stockwood as non-executive director of managing general agent Ripe.

By Rosie Simms

Seventeen Group lifts turnover in 2023

Seventeen Group boosted turnover by 21.8% to £45.31m in 2023 on the back of acquisitions and organic growth, as it trimmed losses compared to the year before.

By Emmanuel Kenning

SRG buys in Singapore as it starts Asia expansion

Specialist Risk Group has acquired HL Suntek Insurance Brokers based in Singapore, subject to customary closing conditions, to spearhead its expansion into Asia.

By Rosie Simms

CII institute pushes back into the operating black

The institute arm of the Chartered Insurance Institute Group returned to operating profit in 2023 with a £745,000 surplus after three years of red ink.

By Emmanuel Kenning

Third quarter of car insurance price falls – WTW/Confused

Comprehensive car insurance premiums have now dropped year-on-year after a third consecutive quarterly fall in prices, according to the latest findings by WTW and Confused.

By Emmanuel Kenning

Chubb launches construction industry practice

Chubb has launched a construction industry practice in the UK and Ireland ready to trade locally with brokers across its branch network as it also unveiled a new product for the sector.

By Emmanuel Kenning

Broker Expo 2024: Brokers urged to focus on claims to grow successfully

Brokers can easily get pulled into a ‘downward cycle’ which will thwart growth plans if they fail to manage their claims process.

By Saxon East

Energy MGA Volt powers up

Volt Underwriting, a London-based MGA formed to support clients active in the energy transition sector, has launched with initial capacity of $25m (£19.14m) for international and US onshore power and renewable energy risks.

By Insurance Age staff

Insight

High Net Worth – is it really high noon for MGAs in upmarket personal property?

With Munich Re (GrovesJohnWestrup) and Allianz (Home & Legacy) putting mid- and high-net-worth MGAs into run-off in the last 18 months, is this distribution model failing to connect with these customers? Ed Murray explores these developments and others in the upmarket personal property sector.

By Ed Murray

Claims – are brokers confident in insurers, MGAs and TPAs to deliver at the moment of truth?

Both the Financial Conduct Authority and Financial Ombudsman Service have recently highlighted issues around insurers and managing general agents outsourcing claims to third party administrators. Siân Barton examines whether brokers hold similar concerns – and what trends they are seeing in terms of level of service in the current market.

By Siân Barton

Broking Success: Galloping forward with Harry Hall

Liz Hopper, managing director of equine specialist Harry Hall and CEO of the group holding company, aims to double gross written premiums in the next 24 months and broaden the product offer.

By Rosie Simms

Interview: Coalition’s Tom Draper on doubling in cyber with brokers

Cyber specialist insurer Coalition has grown to 32 people in the UK working with over 5,000 insurance staff in brokers across the country since going live in 2022, and is looking to expand again with a network of regional underwriting hubs, according to UK head of insurance Tom Draper.