Broker
Simon Mabb named head of UK regions at AssuredPartners
The new head of UK regions at AssuredPartners has promised a focus on organic growth as he looks to facilitate support and co-operation across the business in the recently created role.
AUB takes 40% stake in Momentum
Tysers owner AUB Group has signed up to buy a 40% equity stake in appointed representatives network Momentum Broker Solutions, subject to regulatory approval.
Welsh broker strikes another deal
Abergavenny-headquartered FR Ball Insurance has acquired Howells Insurance in Llantwit Major.
JMG in double swoop for motor and cleaning specialist brokers
JMG has bought Executive Insurance Services and Gleaming Insurance, in a move it said took the group to £300m in premium.
Brown & Brown expands further in Northern Ireland
Brown & Brown Europe has bought Rollins Insurance Brokers, based in Holywood, Northern Ireland.
CGI leader Andy Jones on transforming the market and the data standards vision
Creating a data standard is “the real utopia vision”, Andy Jones, director for consulting services in insurance at CGI in the UK, told Insurance Age.
Aviva warns on increase in summer floods
More floods are happening outside of traditional ‘flood season’, with more than a third (35%) of home insurance flood claims occurring between June and August, according to new analysis from Aviva.
People Moves: 3 – 7 June 2024
Stay in the loop with the latest insurance personnel moves.
Lloyd & Whyte 2023 deal totals revealed
Lloyd & Whyte made four acquisitions in 2023 at a cost of £6.5m, as the previous purchase of SEIB helped boost turnover to £47.93m.
Ex-insurance broker jailed for pocketing £46k from bouncy castle hire companies and amusement parks
A former insurance broker has been jailed for two years, after he stole £46,125 by editing a wholesale broker’s contracts to increase the cost of premiums paid by his clients, the City of London Police have confirmed.
Seventeen Group strikes two deals
Seventeen Group has bought Wisemans Insurance Services in Ashford and Manchester-based North West Risk Solutions.
SRG adds Accredited capacity to MX
Specialist Risk Group’s managing general agent, MX, has sealed a capacity deal with Accredited Insurance (Europe).
Ardonagh buys BP Insurance Brokers
Ardonagh Advisory has bought Lancashire regional and specialist personal lines broker, BP Insurance Brokers.
TL Dallas grows Scottish presence buying Marsh Commercial’s Highlands and Islands business
TL Dallas has signed up to buy Marsh Commercial’s business in the Highlands and Islands of Scotland, with the deal expected to close in August.
AssuredPartners doubles 2024 deal count with latest buys
AssuredPartners has acquired the insurance related assets of Everett Mead and ACG Broking Services, bringing an additional £3m of gross written premium to the broker.
The stats: Fleet racing ahead at record rate
The latest statistics from Acturis have shown the fleet market bucking the trend on premium increases. Whereas almost all other lines have seen hardening falling away, fleet has surged on, up by 7.9% – the highest quarterly rise on record.
Arch adds Motwani from Aon as UK COO
Arch Insurance International has recruited Ketan Motwani from Aon as UK chief operating officer taking up the role with immediate effect.
Markel UK targets 20% growth a year – Sykes
Jo Sykes, divisional director for the UK broker channel at Markel, told Insurance Age the specialist insurer has growth ambitions of around 20% a year from a UK perspective.
Jensten completes Burbage and Seymour buys
Jensten has completed the purchases of Melville Burbage and Henry Seymour & Co following final regulatory approval.
Patons increases GWP by more than 18%
Patons Insurance’s gross written premiums rose by 18.42% organically to £27m in the financial year to March 2024 – a record high.
Markerstudy boss Spencer hails “momentous milestone” as FCA approves Atlanta deal
The merger between Markerstudy and Atlanta, the personal lines broking business of The Ardonagh Group, has been approved by the Financial Conduct Authority.
Broadstone launches insurance, regulatory, and risk advisory division
Independent consultancy Broadstone has launched a standalone insurance, regulatory, and risk advisory division to sit alongside its existing Pensions Advisory and Administration and Employee Benefits Consulting units.
FOI confirms broker S166s including one financial crime review
A Freedom of Information request by Insurance Age to the Financial Conduct Authority has confirmed four broker S166s, indicated they were most likely smaller-sized firms, and revealed one of the reviews fell into the category of financial crime.
Broking Success: Investing in customer relationships
Ex-Swinton boss Gilles Normand, CEO of Academy, sees investing in customer relationships will help the broker grow through recommendations as it moves towards mostly commercial lines.