Broker
People Moves: 5 – 9 June 2023
Keep up to date with the latest personnel moves in insurance.
A return of cash flow underwriting – is this common sense or a kamikaze approach?
As interest rates rise, talk is growing of a return to cash flow underwriting. Popular in the 1980s and 1990s, this is when insurers underwrote unprofitably, but were covered by strong returns. There is concern that insurance could be heading for the…
Acrisure targets drawing on strength of one infrastructure for Eleven Network
Acrisure has dialled up Ten Insurance Services to Eleven Network, promising a transparent model and “unique” offering in the sector, spanning across appointed representatives and directly authorised firms.
Ignite launches OpenAI-powered chatbot for brokers
Software house Ignite Insurance Systems has launched a super-advanced artificial intelligence bot to answer customer queries.
Axa brokers to get customer boost with Premium Credit digital system
Axa Commercial has partnered with Premium Credit to offer customers a digitally enhanced payment by instalments system, Insurance Age can reveal.
GRP buys commercial broker Amicus
Global Risk Partners has bought 100% of Surrey-headquartered Amicus Solutions Holdings.
My Insurance Downtime: Insurance Age content director Jonathan Swift
We know people in insurance are among the most dedicated and passionate when it comes to loving where they work. But everyone deserves a bit of downtime, which is where this new Insurance Age feature comes in as we focus on what you do in your spare time.
Broker Insights grows its base at £25m per month
Broker Insights is adding around four brokers to its client base, and expanding its reach by £25m each month, its CEO Fraser Edmond told Insurance Age.
AssuredPartners buys recycling specialist broker GM
AssuredPartners has acquired Exeter-based recycling specialists, GM Insurance Brokers.
Acrisure buys AR network Ten Insurance
Acrisure has bought appointed representatives network Ten Insurance Services as it progressed its network plans, and will take the offering to market as “Eleven Network”.
Clegg Gifford launches digital platform to give brokers access to Lloyd’s capacity
Clegg Gifford has partnered with digital agency MagiClick UK with the ambition of giving UK high street brokers “improved accessibility [to] Lloyd's capacity” through new e-trading platform Six.
Kingfisher buys Reis Motorsport Insurance from Markerstudy
Kingfisher Insurance has bought specialist broker Reis Motorsport Insurance from Markerstudy for an undisclosed sum, adding over 20 people and an office in Nottingham.
DR&P Group strikes three broker deals
DR&P Group has bought a majority stake in Radius (I.B.) in Hull, Sector Associates in Thirsk and Berry Insurance Brokers in Preston.
Cobra CEO Tedstone aims to hit £1bn by 2025
The boss of broking network Cobra has said that it has identified a pipeline of 700 potential ‘unicorns’ as it seeks new members to meet its target of £1bn of premium by the end of 2025.
Jensten Underwriting launches technology product
Jensten Underwriting has partnered with Hiscox to launch a product for brokers working with the technology sector.
MGA Landmark Underwriting enters property market
Landmark Underwriting has secured a property binding authority with AmTrust International for excess insurance and reinsurance business.
Aston Lark adds HNW book as partner moves across from Vizion
Howden-owned Aston Lark has recruited George Seatter as a client director within its private client division, bringing with him the client base he developed as a partner at Vizion.
Tokio Marine Kiln targets cyber growth with new division
Tokio Marine Kiln has set up a stand-alone cyber and enterprise risk division as part of its effort to expand its presence in the cyber market.
Blog: Is a coming revolution in employee competition law set to rock the broker sector?
In light of the government’s plans to reform non-compete covenants, Anna Birtwistle, a partner at Farrer & Co, reflects on the potential for ‘seismic’ change in broker recruitment.
CEO Hardie anticipating Jensten sale within 18 months
“At some point in the next 12-18 months I think we will have a different investor in the business with or without Livingbridge remaining,” Jensten Group CEO Alistair Hardie has told Insurance Age.
ERS and Acturis team up on full-cycle API car product for brokers
Acturis and specialist motor insurer ERS have launched an API based car insurance product for brokers on the software provider’s platform which replaces legacy EDI messaging.
People Moves: 30 May – 2 June 2023
Stay in the loop with the latest personnel moves in insurance.
Brokerbility adds A-One as member
A-One Insurance Group has joined Brokerbility, becoming the first member to sign up after the network unveiled a refreshed proposition in April.
Ardonagh expands into Greece
The Ardonagh Group has signed up to buy a majority stake in Athens-based SRS Group of Companies.