Broker
When it comes to risk management do brokers practice what they preach?
Brokers are being asked to constantly bang the drum for risk management to make sure a client is adequately insured. But what are intermediaries doing to protect and ready their own businesses for all eventualities? Martin Friel investigates.
MCE administration extended for a year
The administrators of MCE Insurance have revealed a 12-month extension to the process which is now set to close in July 2025.
AbbeyAutoline grows apprenticeship programme with new recruitment drive
Northern Ireland based broker AbbeyAutoline has launched a recruitment drive for school leavers and young professionals to join its established apprenticeship programme.
Stait takes interim charge of Allianz mid-market business after Carey departure
Allianz has moved to replace Ecclesiastical-bound Dave Carey with interim managing director for mid-market Graham Stait, pictured, effective from today and subject to regulatory approval.
Carey quits Allianz to become Ecclesiastical intermediary MD
Ecclesiastical Insurance has appointed Dave Carey as the new managing director of its intermediary business, to join in February 2025.
Clear makes fourth broker buy of 2024 with South-East swoop
Clear Group has acquired Leatherhead-based insurance broker R T Waters.
Broker HNW clients less concerned about underinsurance than a year ago
More than a third (35%) of wealthy individuals admit they can’t remember the last time they had their art and collections valued, offering brokers a great opportunity to talk to their high net worth customers.
FCA: brokers struggling to marry remuneration with evidence of fair value assessment
Brokers are still struggling to provide adequate evidence they are appropriately assessing whether their remuneration is consistent with the fair value of the product they are selling.
Ex-Ardonagh MD Barclay takes over as CEO of top 100 broker
Lycetts has appointed Ian Barclay to CEO, succeeding Charles Foster who is retiring after seven years in the role.
SRG snaps up East Midlands broker
Specialist Risk Group has today unveiled Anthony James Insurance Brokers as its latest acquisition, subject to regulatory approval.
New product for beach hut and chalet owners launched
Compass, a specialist provider of caravan and leisure insurance, has launched a new policy offering cover for beach huts and beach chalets.
Arch expands presence in Glasgow with new office
Arch Insurance’s UK regional division has announced it has opened a new office in Glasgow as part of its growth strategy for the region.
Partners& CEO Barton: Mooted Labour tax plan offers “incredible opportunities” for M&A
Speculation that the new Labour Government might increase capital gains tax has created a fertile window for acquisitive insurance brokers.
Ardonagh Advisory buys R K Henshall
Ardonagh has acquired chartered insurance broker R K Henshall & Co based in Sandbach, Cheshire, subject to regulatory approval.
Momentum investor AUB takes 80% stake in Movo Group
Australian broking giant AUB Group has agreed to acquire an 80% equity stake in the Movo Group of Companies.
TBIG takes majority stake in £14m GWP broker
The Broker Investment Group has taken a majority shareholding in JPM Group, the holding company for BEAM Insurance Solutions, which operates at The Waterfront in Brierley Hill.
Markerstudy Distribution CEO Donaldson unveils top team
Markerstudy Distribution has confirmed its top team under CEO Ian Donaldson following the completion of the Ardonagh personal lines deal at the end of June.
FCA fines and bans broker who failed to pass premiums on to insurers
The Financial Conduct Authority has imposed a financial penalty of £5,021 and banned an insurance broker from performing any function in relation to any regulated activity carried on by any authorised person, exempt person, or exempt professional firm.
Partners& secures new debt facility to help drive growth
Partners& has secured a £20m debt facility with Santander UK to help it continue its organic and acquisitive growth.
Acrisure reveals top team at Eleven Network after senior departures
US broking consolidator Acrisure has moved to put in place a new leadership team at its Eleven Network arm, following a raft of senior departures as first reported by Insurance Age.
Senior quartet depart Acrisure-owned Eleven Network
Four senior directors have resigned from the Acrisure-owned Eleven Network it acquired 14 months ago, Insurance Age can reveal.
Partners& buys second loss adjusting firm
Partners& has purchased Bickley Chartered Loss Adjusters, a firm providing a full range of adjusting services and disciplines across both domestic and commercial markets.
Howden acquires £60m premium broker
Howden has purchased UK health and life insurance broker Help Me Compare Group (which trades as ActiveQuote) and its subsidiaries, supporting Howden’s position in these UK markets.
People Moves: 5 – 9 August 2024
Follow the latest insurance personnel moves.