Broking Break: Your top five

Ten dice displaying the number five

Mergers, acquisitions, new Ardonagh leadership and a fresh FCA inquiry all hit the headlines this week.

5 - Merger with Wilsons a “fantastic fit”, says Bollington’s Chris Patterson

Chris Patterson, group managing director at the Bollington Group, has hailed the broker’s deal to merge with Wilsons Insurance Brokers as a “very good marriage”.

“This is a real significant opportunity and we’re really pleased with it,” Patterson told Insurance Age.

“We’ve been working on it for a long period of time.” The merger followed investment from private equity firm Inflexion

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JMG in quadruple deal swoop

JMG has snapped up four brokers, adding additional expertise in high-net-worth, commercial, motor trade, technical and specialist consultancy services to the Yorkshire-headquartered group, Insurance Age can reveal.

FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

Konsileo seals £8m fundraise

Top 100 insurance broker Konsileo has completed an £8m fundraise to accelerate its expansion across the UK, Insurance Age can reveal.

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