Commercial
Energy MGA Volt powers up
Volt Underwriting, a London-based MGA formed to support clients active in the energy transition sector, has launched with initial capacity of $25m (£19.14m) for international and US onshore power and renewable energy risks.
Ardonagh completes PSC buy
Ardonagh has closed the deal for PSC Insurance Group in a move which includes bolstering its advisory business with a Top 100 UK broker.
Anscombe, Thomas Carroll and Konsileo among the winners at UK Broker Awards 2024
Thomas Carroll Group scooped the Broker of the Year award, and Seventeen Group CEO Paul Anscombe won the Achievement Award, at the UK Broker Awards last night in Birmingham.
Academy owner buys Airsports Insurance Bureau
Beyond Doubt Holdings, which operates as Academy and Premierline, has purchased Hampshire-based Airsports Insurance Bureau.
The general insurance sector in Glasgow – a dynamic market thriving in competitive times
As with many markets Scotland’s general insurance hub Glasgow has seen consolidation but Martin Friel notes both brokers and insurers are buoyant about the opportunities, with local empowerment key to success.
TBIG-backed Beam buys Julie Price & Co
JPM Group, trading as Beam Insurance Solutions, has bought Hinkley-based £2m gross written premium broker Julie Price & Co.
Romero posts £3m profit
Romero Insurance Brokers has reported £2.93m of post-tax profit in truncated results as it shifted its financial year end after being bought by AssuredPartners.
Experts say industry is improving on fair value despite FCA criticism
The Financial Conduct Authority’s findings that brokers are still struggling to provide evidence that their remuneration is consistent with fair value rules has sparked mixed reactions among people working in the sector. Ida Axling explores the fallout…
Interview: JMG’s Nick Houghton – Painting the broking picture
JMG boss Nick Houghton prefers lists over spaghetti structures. He shares his passion for art, his approach to building the lauded Leeds-headquartered business and his route into insurance as well as the broad strokes of what comes next.
Markerstudy reveals £63m Clegg Gifford purchase bill
Markerstudy has confirmed it spent £63.63m on snapping up Clegg Gifford Holdings and its subsidiaries last year.
Towergate Health & Protection grows employee benefits business
Towergate Health & Protection has expanded its employee benefits business with the acquisition of Benefiz.
JMG adds Grosvenor Insurance
Chester-based Grosvenor Insurance has joined the JMG Group.
Blog: Sheltering customers from the storm
Caroline Elliott-Grey, senior product manager for the UK and Ireland at LexisNexis Risk Solutions, addresses the changing environmental risks and the opportunities for brokers from geospatial intelligence data.
Howden parades beauty membership providers buy
Howden has unveiled the purchase of Associated Beauty Therapists and Associated Irish Therapists, two beauty membership providers that offer insurance broking services to members operating in the health, wellbeing and beauty sectors in the UK and Ireland.
Profit and turnover at AbbeyAutoline surge in 2023
Northern Ireland broker AbbeyAutoline achieved double digit growth in turnover and profit in 2023.
Martyn’s Law to increase demand for public liability cover – DAC Beachcroft
Martyn’s Law will have a significant impact on liability insurance, according to DAC Beachcroft partner Duncan Strachan.
Zurich names Lidster to lead on SME and trading as Edwards exits
Zurich has appointed Nikki Lidster head of SME and trading as Will Edwards leaves to pursue an opportunity outside the insurer.
Surewise buys Lockton Mobility book
Essex-based insurtech Surewise has bought Lockton Mobility’s book of business, a long-standing provider of mobility scooter and wheelchair insurance and warranty cover with over 30 years of experience in the industry.
JMG Group buys ISO management system specialist
JMG Group’s health and safety and employment law consultancy Lighthouse Risk Services has bought ISO management system specialist HSEQ Smart.
Onda partners with cyber security firm Panorays
Onda has signed a two-year deal with Panorays to integrate its cyber risk assessment tool into the managing general agent’s platform.
Gallagher promotes Collings to new chief broking officer exec role
Gallagher has promoted Simon Collings to a new executive role, chief broking officer, reporting to Michael Rea, CEO of Gallagher in the UK.
Video Q&A: Bravo Networks development director Kevin Westcott
With Broker Expo just over a week away, Bravo Networks development director Kevin Westcott spoke to Jonathan Swift about why data is such a crucial aspect of embedding the right placement strategy for brokers.
Kingfisher creates new motorsports arm following broker buy
Kingfisher Insurance Services has acquired MIS Motorsport’s commercial business in the UK and Ireland.
RSA launches mid-market D&O product
RSA Insurance has launched Directors’ and Officers’ Protection, aimed at UK domiciled or headquartered companies, large domestic and multinational businesses, private firms with a turnover of over £250m and publicly traded entities.