Articles by Ida Axling
More deals in pipeline for Markerstudy after £400m BGL Insurance buy
Group underwriting director Gary Humphreys tells Insurance Age about the MGA's biggest deal to date and its plans for the future as he confirms that an IPO "hasn’t been ruled out as possibility".
GRP's Alan & Thomas buys in Bournemouth
BIG Insurance is the broker's third deal since becoming GRP's southern hub.
Aston Lark makes first deal of 2022
Consolidator buys Mainstay Insurance, a commercial broker headquartered in Hove.
Markerstudy buys BGL Insurance
The transaction is expected to complete during the first half of 2022 and follows hot on the heels of Markerstudy's deal for Lloyd's broker Clegg Gifford.
Reich targets £130m of GWP within three years
CEO Simon Taylor tells Insurance Age about his plans to grow the broker organically and highlights that Reich is not for sale despite being approached by potential buyers "all the time".
MGA Tradewise set to close to new business and renewals
The motor specialist says it is looking for alternative solutions after being unable to renew protection with reinsurance provider Berkshire Hathaway.
Hiscox names new group CFO
Paul Cooper is set to take over the role after Aki Hussain moves to become group CEO.
Jensten sees turnover rise as it reveals deal spend for 2021
The business made four acquisitions during the year and also reports a loss of £13.6m.
Brokers hit out at "antiquated" attitude to cover for sex industry clients
Analysis: Insurance specialists say a change of mindset is needed as brokers struggle to find cover for legitimate businesses in the sex industry as a result of prudish insurers viewing them as a 'moral hazard'.
Covid BI claims payments reach £1.2bn
FCA data reveals providers have now made initial payments worth £308.4m and final settlements of £916.7m.
Xenia reveals plans to triple in size within four years
CEO Tim Coles tells Insurance Age about his ambitious growth plans and shares his views on the trade credit insurance market.
Ardonagh valued at $7.5bn as it reveals fresh investment
The Abu Dhabi Investment Authority joins group of investors alongside existing shareholders MDP and HPS.
The stats: December 2021 – The Acturis Premium Index
The third quarter of the year saw rising premiums in almost all of the product lines featured in the Acturis Commercial Broking Index – the only exception being a minor dip in fleet.
UK & International boss Scott Egan exits RSA
He will be succeeded by Ken Norgrove, who most recently worked as CEO of RSA Scandinavia.
FCA to introduce consumer duty to drive “fundamental shift” in industry mindset
The regulator has launched a consultation on the duty, which was first flagged in May this year, as it seeks to increase consumer protection and tackle harm.
FCA launches AR consultation to “address harm”
Regulator warns that there are “real risks of consumers being misled and mis-sold with little scope for recourse” as it proposes changes to the current model.
Biba welcomes "big win for brokers" on IPT
Biba’s David Sparkes says the broker trade body engaged with the government "at length" against proposals that brokers could be made liable for any unpaid IPT, a proposal that HMRC has confirmed it will not take forward following its IPT consultation.
HMRC flags potential code of conduct for brokers in IPT consultation update
Government outlines the next steps and details responses from industry stakeholders, including brokers, insurers and trade bodies.
Xenia buys Northampton-based broker
Deal is the trade credit specialist's seventh since its launch in 2019.
Gallagher completes $3.25bn Willis Re deal
The broking giant will combine WTW's treaty reinsurance brokerage operations with its existing reinsurance business under the brand Gallagher Re.
Aviva takes new chief claims officer from Axa
Waseem Malik is joining Aviva in March 2022, replacing Dave Lovely who recently left the provider.
Clear Group buys H R Jennings & Co
The South Croydon-based broker was established in 1922 and specialises in aviation and small craft insurance.
Specialist property insurance and debt advisory broker launches
Co-founders Jack Bristow, Johnny Leadsom and James Mole say they aim to make it quicker and more effective for property developers to get both the insurance and finance that they need.
Gibraltar regulator denies accusations from MCE
MCE criticised the regulator earlier this week after its Gibraltar-based insurance arm went into run-off.