Broker
Burns and Wilcox eyes £60m-£65m in GWP
The MGA and underwriting business has experienced “significant growth” since it was created in 2019 and is open to M&A as a tool for growth according to CEO, Stuart Kilpatrick.
JMG eyeing up more deals after flurry of Scottish buys
Both JMG and recent purchase GS Group are on the lookout for more buys, according to the businesses’ leaders.
Greenwood Moreland buys R C McLeish
Greenwood Moreland has bought R C McLeish Insurance Consultants in Lanark in its first deal since joining JMG Group.
Biba welcomes Travelers Europe as a partner
The British Insurance Brokers’ Association has teamed-up with Travelers Europe taking its partners total to 19.
Analysis: Recruitment, the workplace environment and the generational shift
Insurance Age learns how the broker space is dealing with hiring and the developing workplace expectations of the younger employees, following reports of recruitment difficulties and clashes between different generations.
Two-thirds of schemes brokers not satisfied with compliance support from insurers
Only 34% of schemes brokers are satisfied with the support they receive from their insurers in dealing with compliance matters, according to research from Ecclesiastical.
Analysis: Sexism, seniority and insurance
As Amanda Blanc reveals the “misogynistic scars” she has suffered, and says that sexism got worse as she took more senior roles, Insurance Age investigates gender discrimination in insurance
Kentro Group records GWP growth of 19% in 2021
Kentro Capital grew gross written premiums by 19% to £367.4m in 2021 generating £53.1m of turnover, up 21% on 2020.
One Sure buys Unicom from Tradewise liquidators
One Sure Insurance has bought the motor trade specialist Unicom Insurance brand, customer base and systems with all staff moving across as part of the deal, Insurance Age can reveal.
UK buys on the horizon as Acrisure closes $725m funding round
US headquartered Acrisure has been valued at $23bn (£18.33bn) in its latest funding round.
JMG Group buys GS Group
JMG Group has added GS Group to its portfolio of Scottish brokers.
Cyber insurance costs doubled in a year - Howden
Howden’s annual report on cyber has revealed the average cost of cyber insurance has doubled since last year due to an extreme supply-demand imbalance.
Allianz agrees to sell majority stake in Russian operations
Allianz has agreed to sell a majority stake in its Russian operations to Interholding, the owner of Russian insurer Zetta insurance.
Momentum reveals £100m GWP goal
Appointed representative network Momentum is targeting £100m in GWP in the next three to five years, according to managing director Howard Pepper.
Blog: Chubb Masterpiece – The class of 1996
As the HNW space undergoes change with Aviva moving further into the market, HNW expert John Sims has reflected on the talented team he worked with at Chubb’s Masterpiece brand through 1996 to 2007 and asked, ‘where are they now?’
Interview: Sue Langley, chair of Gallagher UK
The Gallagher leader discusses her time in the job, making deals and the insurance sector’s need for talent along with sharing her views on improving diversity and inclusion in the market as well as how she coped with lockdown.
Earnix CEO warns on red flags
If a technology provider wants to change everything a company has done then it is most likely to be a “red flag”, Earnix CEO Udi Ziv told Insurance Age.
Clear sets £500m GWP target after Centor buy
Clear Group has set a £500m gross written premium target for the next couple of years after it achieved its £300m goal after snapping up Centor.
Accredited deal sees QIC exit, Policy Expert confirms
Policy Expert’s capacity deal of up to £2bn over six years with Accredited Insurance will replace its existing arrangement with QIC Europe when the current contract expires, the business has confirmed to Insurance Age.
People Moves: 30 May - 01 June
Keep up-to-date with the latest job changes in insurance.
Blog: Real estate brokers tap into claims data in response to hard market
Victoria Jewell, of McLarens, explores the impact of brokers on the billion-pound real estate market.
Clear buys Centor
Clear Group has bought Centor Insurance & Risk Management for an undisclosed sum.
GRP-owned Marshall Wooldridge buys Bush & Associates
Global Risk Partners’ Marshall Wooldridge has bought Insurefirst which trades as Bush & Associates.
Allianz tops Brokerbility insurer service survey
Allianz has been awarded the highest overall satisfaction rating with a score of 74.9% in the latest survey of members by Brokerbility.