Commercial
Clear buys book and assets of Maynard Milton Insurance Services
Clear Group has bought the book and assets of £4.9m gross written premium Southend-on-Sea based broker Maynard Milton Insurance Services.
SRG adds second acquisition to its MGA this year
Specialist Risk Group has agreed to buy Trilogy Underwriting, a specialist property and casualty managing general agent, to add to its MX underwriting pillar.
OneAdvent partners with Bridgehaven in capacity deal
OneAdvent has struck a deal with Bridghaven Specialty UK that will see the hybrid fronting insurer provide A-rated capacity to managing general agent Criterion to underwrite waste management and recycling risks.
Voyager Insurance Services sold to Caledon Group
Recently-formed investment group Caledon has bought travel and wedding insurance broker Voyager Insurance Services for an undisclosed sum.
Interview: Tim Smyth, Bspoke
Bspoke Group CEO Tim Smyth tells Insurance Age about reaching profitability and expanding with brokers through organic growth, hires and new products as well as acquisitions.
Next deal on the horizon for Bspoke
Bspoke Group has “signed heads” on its next deal, with an announcement to come ‘in weeks’, CEO Tim Smyth has told Insurance Age.
Allianz’s Hobbs, Arch’s Peters, Aviva’s Martin and Zurich’s Nichols to join panel at Broker Expo 2024
Insurance Age is delighted to reveal the first panel at the Broker Expo 2024 and it has a lot of insurer star power.
Broking Success: Fiercely independent
Paul Wadsworth, managing director of FR Ball, is looking to grow the business to £24m gross written premiums as it aims to offer soft landings for acquisitions.
Partners& snaps up two in employee wellbeing and healthcare push
Partners& has bought Nottingham-based Halo Consulting and Chester-based Personal Healthcare Management.
Ecclesiastical urges insurer climate credentials be part of broker-client conversation
The majority of brokers are not talking to clients about insurers’ climate credentials, according to research from Ecclesiastical, Insurance Age can reveal.
UK Broker Awards 2024 shortlist announced
Today Insurance Age can reveal the shortlist for the 2024 UK Broker Awards.
Government starts discount rate review
The Ministry of Justice has confirmed the start of the 2024 review of the personal injury discount rate in England and Wales with a decision due no later than 11 January 2025.
Addept looks to go live in Q4 as it finalises capacity deals
Wholesaler Addept Insurance Services has revealed it plans to sell its first product in the fourth quarter, as it strives to hit a target of £5m net written premium by year three.
Academy turnover dipped in run-up to Blixt buy
Academy Insurance Services’ turnover and profitability fell in the run-up to being bought by private equity house Blixt, according to a filing at Companies House.
Gallagher boss: Whether fronter or insurer, MGAs need ‘certainty of capacity’
In the head-to-head Fronting Insurers Vs Traditional Insurers session at the Managing General Agents Association conference last week, Martyn Glover, partner at Gallagher Re, stated MGAs need certainty of capacity.
Verlingue maintains profits as turnover ticks up in 2023
Verlingue UK grew turnover by 8% in 2023 to £21.07m as post-tax profits remained stable.
Aureum Insurance Brokers launches in Milton Keynes
Aureum Insurance Brokers has launched as a trading name of Momentum, targeting property, construction, motor trade, manufacturing, IT & technology and professional services business.
PIB reveals costs of record 26 deals in 2023
PIB spent £331.9m on a record 26 deals in 2023 as the consolidator expanded in the UK and across Europe.
Aviva completes £249m Probitas buy
Aviva has completed the £249m purchase of Probitas after getting all the necessary approvals.
Interview: Nick Hobbs, Allianz Commercial
After the hardest but most energising 12 months of his career, Allianz Commercial’s chief distribution officer Nick Hobbs celebrates the insurer’s expanded appetite as he looks to bring even more quotes and solutions to brokers.
SRG bolsters equestrian expertise with Carriagehouse buy
Specialist Risk Group has bought the ongoing business of Carriagehouse.
Commercial Express launches new leisure and park home cover
Commercial Express has rolled out a revamped leisure and park home offering, promising brokers and leisure homeowners a wider range of cover options and greater flexibility.
How specialist incubators are helping fuel MGA growth
The managing general agent sector is booming, creating increased demand for specialists who can help would-be MGAs get set up. Edward Murray explores this world of ‘incubators’, and highlights how they can help fledging businesses.
Hiscox shares soar 150 pence following takeover links
Hiscox shares closed the day [Monday 8th July] up 13.43% (150 pence) at 1,267 pence, giving it a market cap of around £4.3bn after the insurer was linked with a takeover.