Broker
Biba renews Lockton PI partnership
The British Insurance Brokers’ Association has renewed its professional indemnity accredited broker contract with Lockton for a further three years.
People Moves: 2 – 5 May 2023
Keep up-to-date with personnel moves within the insurance industry.
News analysis: What impact has the rising cost of borrowing had on broking M&A?
The broking sector has continued to see significant activity when it comes to mergers and acquisitions despite potential barriers such as Covid-19 and a dwindling number of larger targets. Ida Axling asks whether inflation and rising interest rates might…
FR Ball buys Export and General
Abergavenny-headquartered FR Ball has purchased London-based broker Export and General Insurance Services.
Broker Insights rolls out tech upgrade as it covers 20% of broker market
Broker Insights has rolled out a technology upgrade, as it hits a key milestone of covering more than £2bn of commercial gross written premium.
Pikl partners with Prestige Underwriting on short-term products
Sharing economy specialist Pikl and Prestige Underwriting have signed a distribution partnership.
Howden Group posts M&A cash spend
Documents show how much the broking group spent in cash on UK deals, including Aston Lark and A-Plan.
Provenance teams up with Redline on supercars
Benefact Group broker Provenance Insurance Brokers has signed up with North Yorkshire based supercar, prestige and performance car retail group Redline Specialist Cars.
Sicsic Advisory becomes Biba associate
Regulatory and risk consultancy Sicsic Advisory has become an associate of the British Insurance Brokers’ Association.
Allianz to close Home & Legacy
Allianz is to put mid and high net worth specialist Home & Legacy into run-off, Insurance Age can reveal.
In conversation: Broker Diversity Push
Insurance Age met up with the leaders of Biba, the MGAA and Liiba for the Broker Diversity Push campaign to expand on the support and practical assistance being provided to members and widen the discussion on this crucial topic.
Zurich launches new broker proposition
Zurich has unveiled a new broker club called Zurich Club Blue.
Sky aims to shake up home insurance with Zurich-backed product
Sky is launching a new smart home protection service, offering comprehensive home insurance and smart home technology worth £250.
RSA launches new comprehensive product to cover superyachts
RSA has launched a new practice to cover superyachts, and appoints Emily Grew will join as senior yacht underwriter.
Allianz to help brokers with underinsurance concerns
Brokers are requesting additional insurer support on valuations of businesses including SMEs according to director of digital trading at Allianz UK, Helen Bryant.
Starting up a broker can cost as little as £50,000 – WTW networks
Willis Towers Watson Networks believes brokers can start up for as little as £50,000.
Gallagher reveals retail and specialty organic growth
Gallagher’s UK & Ireland retail division achieved 7% organic growth in the first quarter of 2023, the global broking giant has revealed.
Minimum GWP commitments divides broker opinion as MGA makes request
Aqueous Underwriting is asking brokers for a new minimum commitment in premium, promising top quality service in return.
Zurich research pinpoints flexible working as antidote to older worker exodus
A lack of flexible job opportunities is the main obstacle preventing over-50s from staying in the workforce longer, according to Zurich.
AIG’s HNW MGA tie-up with Stone Point set to start trading in Q3
AIG has finalised its agreement with private equity firm Stone Point Capital to create managing general agent Private Client Select Insurance Services with an expected start date for trading of the third quarter 2023, the insurer has confirmed.
People Moves: 24 – 27 April 2023
Keep up-to-date with personnel moves within the insurance industry.
UK commercial insurance price rises ease again in Q1 – Marsh
Commercial insurance pricing in the UK rose by 3% in the first quarter of the year, down slightly on the 4% uplift in the final quarter of 2022, according to research by Marsh.
Peter Blanc outlines priorities in new Howden M&A role
Peter Blanc outlined his priorities in his new role as head of mergers and acquisitions at Howden.
Yutree restructures board with new CEO and MD
Kevin Hancock stepped up to CEO at Yutree Insurance with Laura Hancock promoted to succeed him as managing director.