Articles by Emmanuel Kenning
PIB swoops for personal lines specialist Jigsaw Insurance
PIB is poised to buy Harrogate-headquartered broker Jigsaw Insurance Services Plc for up to £24.12m in cash marking a significant step in personal lines for the consolidator.
Circle grows turnover and profit
Coventry-headquartered broker Circle boosted profit by a third with turnover up over 10% in its financial year ended 30 April 2022.
Development Bank of Wales invests in start-up broker
The Development Bank of Wales has invested £250,000 in Cardiff-based Driverly leading a pre-seed investment round of £525,000.
Bridge reports record operating profits
Manchester-headquartered Bridge Insurance Brokers has delivered a 34.2% rise in operating profit in the year to 31 March 2022 taking the total to a record £974,614.
Aviva forecasts £25bn UK investment power boost from Solvency II reforms
The Association of British Insurers has backed the government’s Solvency II reform package which Chancellor Jeremy Hunt said will “unlock tens of billions of pounds of investment for our growth-enhancing industries”.
Biba and ABI welcome IPT freeze
The British Insurance Brokers’ Association and the Association of British Insurers have both welcomed the decision by Chancellor Jeremy Hunt not to raise the level of insurance premium tax.
WTW, Liberty and Markel team up on complex specialty risks digital trading platform
WTW has staked its claim for a “step-change” in digital trading as it unveiled a collaboration with Liberty Specialty Markets and Markel launching the pilot phase of a commercial insurance platform.
Ardonagh posts double digital advisory growth but retail fall
Ardonagh achieved 12.1% growth in advisory income in the third quarter but turnover in retail dropped 11.3%.
Ex-Policy Shop CEO Sean Byrne joins Got You Covered as MD
The Policy Shop founder and former CEO Sean Byrne has joined niche motor and personal lines insurance broker Got You Covered as managing director, reporting to CEO Rob Leigh.
Beazley raises £350m as it eyes cyber push
Beazley has raised £350m as it flagged plans to accelerate growth in cyber and specialty business.
Biba schemes provider Renovation Plan ties up with Axa
Renovation Plan has teamed-up with Axa as its exclusive partner for all the specialist home renovation provider’s insurance products.
Broker Expo 2022: £250,000 to set up a broker
It would cost around £250,00 to set up a broker from scratch these days, according to Brokerring CEO Stuart Randall.
Stubben Edge buys Cedar Underwriting
Stubben Edge Group has bought specialist managing general underwriter Cedar Underwriting.
Broking Success: Networking to double-digit growth
Dominic Trigg, managing director of Christopher Trigg Insurance Brokers, recounts the evolution of the independent family-owned business and how it invests in staff to grow organically and win against national players from its Rickmansworth base
Iprism buys Metier Underwriting
Managing general agent Iprism has struck its first deal buying specialist underwriting agency Metier Underwriting for an undisclosed sum, Insurance Age can reveal.
John Dunn named MD of Brokerbility as Julie Rayson-Flynn departs
John Dunn has been appointed to the role of managing director of Brokerbility, with responsibility for leading the network as Julie Rayson-Flynn leaves after 15 years with the business.
AssuredPartners buys Anchorman
US-headquartered AssuredPartners has bought professional indemnity specialist Anchorman Insurance Consultants.
GRP-owned PCH snaps up two businesses
Premier Choice Healthcare has bought Independent Healthcare (UK) and Paul Ganjou.
LMG names Axa XL boss Sean McGovern as chair
The London Market Group has confirmed Sean McGovern, Axa XL’s CEO for the UK & Lloyd’s, as its next chair taking up the role on 1 January 2023.
JMG buys Premier Insurance
JMG Group has bought County Durham insurance broker Premier Insurance.
FCA ramps up intervention on rogue financial promotions
The Financial Conduct Authority has revealed that it intervened to amend or withdraw 4,151 financial promotions between July and September.
Biba issues series of commitments after FCA flat insurance report
The British Insurance Brokers’ Association has set out a series of commitments to the Financial Conduct Authority and the government to help achieve better outcomes for leaseholders, especially those living in high rise residential buildings that require…
Ardonagh confirms Lorega cost £28.8m
Ardonagh paid £28.8m in cash to buy loss recovery insurance managing general agent and assistance specialist Lorega, the consolidator has confirmed.
Atlanta reveals Be Wiser price tag
Ardonagh paid £6.3m in cash for the business and assets of motor broker Be Wiser Insurance last year.