Commercial
Stackhouse Poland buys Bespoke Medical Indemnity
Firm buys specialist medical malpractice broker after striking five takeover deals in 2018.
GRP’s Country & Commercial buys Key Insurance Group
First deal for agricultural broker since it was bought by the consolidator in early 2018.
Unrated Danish insurer Qudos declared bankrupt
FSCS vows to work with liquidator and Danish authorities.
RSA Insurance Ireland fined €3.5m
The Central Bank of Ireland imposes the fine for regulatory breaches relating to large loss claims and accounting irregularities.
Blog: Why trade credit cover is more vital than ever
Tanya Giles, of insurer Atradius, explains why the cover is growing in importance as uncertainty over Brexit dominates.
Boyd buys Edinburgh-based Glenavon Insurance
Second purchase for Boyd since it was bought by Broker Network in May 2017.
Integro ready to buy again in the UK after US sale
Wholesale unit to be rebranded as Tysers on 1 January 2019.
Abbey owners Prestige buy Autoline
Two major players in the Northern Ireland market come together.
GRP’s purchase prices revealed
Figures published for County Group, Camberford Law, Alan & Thomas, Greens and more.
Circle expands again in 2018
Turnover and profits rise as the broker sees progress across the board.
Subsidence to schemes – the industry issues brokers clicked on in October and November
The market has also been keen to learn more, via sister site Insurance Hound, about business interruption, Brexit and construction plant theft.
Gauntlet opens southern hub
A former Wrightsure associate director has joined the Gauntlet team to head up an Essex office focusing on bus and coach insurance.
Brightside targeting £250m GWP within five years
Broker looking to digital for organic growth but is also ready to buy.
Gallagher buys Pavey Group
The deal follows Michael Rea’s promise that Gallagher would have another acquisition finalised before the end of 2018.
Fusion sports team moves into Geo Specialty after Ardonagh sale
UK construction portfolio also ring-fenced from deal.
Wiser Academy launches heavily subsidised training programme for brokers
New Kick-Start offering comes with 90% government funding.
New whitepaper advises on how to future proof your scheme business
Insurance Age and Axa release the third in a series of whitepapers to help brokers and MGAs launch and manage schemes and delegated authorities.
Statutory pre-tax loss of £20m for GRP
However Mike Bruce points to 4% organic growth and suggests the business is on track to buy “double digit” businesses, including MGAs, in 2019.
SEIB buys Greenwood Moreland Insurance Brokers' equine book
Book was sold to build on existing foundations and to deliver a higher level of expertise.
Finch Group buys Southampton-based Specialist Insurance Agency
This is the broker’s seventh purchase since it became Broker Network’s first “regional powerhouse” in October 2016.
Video: Scheme Smart - How To Future-Proof Your Scheme
The third episode of Insurance Age’s documentary series with Axa, Scheme Smart, focuses on what steps can be taken to future-proof schemes and delegated authorities and what sectors brokers can look to for future growth.
PIB reveals new structure with Lorica
Consolidator bought the business in March.
#Insagepeople: 3 - 7 December 2018
Stay up to date with the latest people moves.
Turnover up at One Broker for 2018
Costs of Gibbs Denley buy knocks profits.