Broker
Amazon partner Superscript raises £45m in Series B round
UK-based insurtech Superscript has completed a £45m Series B funding round led by existing investor BHL UK, owner of Comparethemarket.
CII warned PFS members could break away amid board row
The Chartered Insurance Institute faces a walk out from Personal Finance Society members upset over disagreements at board level.
GRP delivers on MGA appetite with Nucleus buy
Global Risk Partners has bought Nucleus Underwriting, its first managing general agent acquisition since being taken over by Brown & Brown last year.
Evans stays as Biba chair for three more years
Jonathan Evans will remain as chair of the British Insurance Brokers’ Association after the organisation extended his tenure for three more years.
Rectifying historical accounting mistakes pushes AR network Ten into loss
Correcting previous errors in the accounts department caused Ten Insurance Services to record a £71,000 operating loss in 2021.
Sutton Group profit and turnover soar in run-up to Acrisure sale
Sutton Group has reported ‘best ever’ figures as turnover and profit leapt by 15% and 50% respectively ahead of being snapped up by Acrisure.
Markerstudy confirms Tradex deal
Markerstudy has confirmed it is buying Tradex Insurance Services alongside snapping up Lloyd’s broker Clegg Gifford in a move that is expected to mark it stepping back into risk-carrying underwriting.
PFS president resigns
President of the Personal Financial Society, Caroline Stuart, has resigned with immediate effect.
People Moves: 2 - 6 January 2023
Keep up to date with the latest personnel moves in insurance.
Jensten posts £21.5m loss as it reveals £35.1m Tasker price
Jensten has revealed that the deal for Tasker Insurance Group cost £35.1m with the majority of the bill – £33.6m – paid in cash.
PFS board calls CII claims untrue
Personal Finance Society member directors have called claims by the Chartered Insurance Institute about PFS board governance failures untrue.
Citynet secures capacity for ‘first class’ solution to help its brokers
Lloyd’s broker and wholesaler Citynet has secured capacity to help its broker partners on motor business.
Chambers and Newman reveals profit in Ardonagh sale year
Chambers and Newman has recorded a post-tax profit of £385,000 for the period including the sale to Ardonagh.
GRP buys Christopher Trigg Insurance Brokers
Global Risk Partners has bought Hedron Network member Christopher Trigg Insurance Brokers.
Broker convicted for indecent exposure
Mark Mellett, managing director of Spitfire Brokers, has been convicted in a Hampshire court of indecent exposure but avoided a jail sentence.
Caravan Guard posts turnover dip but underlying growth
Caravan Guard has posted a 6% fall in turnover to £11.9m in the year ended 31 March 2022.
Aston Lark to open branches in South Wales and the Thames Valley
Aston Lark is expanding its UK regional footprint by opening offices in South Wales and The Thames Valley.
SRG starts 2023 with Fleet and Commercial buy
Specialist Risk Group has bought Oxfordshire-based specialist broker Fleet and Commercial in its first deal of the year.
Brokerbility strikes first schemes deal with Ecclesiastical
Ecclesiastical has become the new insurance partner for Brokerbility’s bricks and mortar scheme, taking over from Aviva.
FCA fines drop to £214.3m in 2022
The Financial Conduct Authority dished out £214,250,056 in fines in 2022, the fourth lowest on record since the FCA was formed in 2013.
Certua: Rise of the embedded insurance specialist
Certua is helping insurers get products to brokers quickly through its advanced digital capabilities. Co-founder Luke Bewley explains how Certua will make its mark on the UK broking and insurance space.
Higos adds 10 apprentices in Wiser Academy tie-up
Higos has taken on 10 college leavers as apprentices working with Wiser Academy to help build the next generation of insurance brokers in the South West.
Review of the Year 2022: Steve Wright and Bryan Banbury, Russell Scanlan
In the latest part of Insurance Age's review of the year Russell Scanlan's managing director Bryan Banbury, and claims director Steve Wright offer their reflections on 2022 and predictions for the next 12 months.
Ataraxia and MVP rebrand as The Broker Investment Group
Peter Cullum-backed Ataraxia and Minority Venture Partners are rebranding to The Broker Investment Group, Insurance Age can reveal.