Insight
PIB enters France with 100th deal
PIB Group has entered the French market buying medical malpractice insurance business BEA Group and its subsidiaries, amid speculation about its own future.
Top 100 broker Hood Group completes PE-backed MBO
Southend-based Hood Group has completed a £10.7m management buyout with the support of Connection Capital, the private equity and alternative investment platform.
Seventeen snaps up four brokers in October
Seventeen Group purchased four brokers across the UK in October after a string of deals throughout the year.
FCA reopens parts of commercial and bespoke insurance discussion paper for feedback
The Financial Conduct Authority has reopened parts of its discussion paper on commercial and bespoke insurance business in response to demand.
SRG builds out MGA arm MX with fourth buy of 2024
Specialist Risk Group has announced the acquisition of reinsurance firm NW Re.
News analysis: If PIB has reached an end game with Carlyle and Apax, what next?
As speculation mounts that PIB’s backers Carlyle and Apax want to cash in on their investments, content director Jonathan Swift explores how the broker’s strategy of overseas hubs and specialisms might dictate its value to new investors.
Markerstudy completes Hughes purchase
Markerstudy Group has completed the purchase of Northern Ireland based Hughes Insurance as it looks to build in the region.
Antares unveils UK MGA focused retail division
Antares Global Management, formerly known as QIC Global, has rolled out a restructure of its underwriting operations with a new retail division to back managing general agents and a commercial division.
Kova enters multi-year capacity agreement with Hadron
Professional indemnity-focused managing general agent Kova Professions has entered a capacity agreement with Hadron, the specialty insurance carrier rated A- by AM Best.
Nathan Adams joins Lloyd’s from Aviva
Nathan Adams has been appointed Lloyd’s chief people officer joining early next year from Aviva where he held a number of senior roles having worked at the insurer since 2014.
Brokers to warn businesses on lithium-ion batteries
Brokers should urge businesses to take steps to manage the risks that lithium-ion batteries can present, according to guidance from Aviva.
Deva buys Wrexham-based Tudor Insurance
Deva Group has struck its first deal since The Broker Investment Group upped its stake in the firm to 75% this summer.
People Moves: 28 October – 1 November 2024
Follow the latest insurance personnel moves.
Ardonagh Advisory buys Rowett Insurance Broking
Ardonagh Advisory has agreed to acquire commercial and personal insurance broker Rowett Insurance Broking.
Clear grows southern presence with £50m GWP A-One purchase
In a busy week of acquisitions, Clear Group has announced the acquisition of top 100 ranked broker A-One Insurance Group.
Aviva and Allianz rumoured to be weighing up Esure bids
Both Aviva and Allianz are among potential bidders should Esure be put up for sale by its owners Bain Capital, according to a report by Bloomberg.
Bridge makes first steps outside the UK with Malta office
Bridge Insurance Brokers has opened an office in Malta, its first bricks and mortar presence outside of the UK.
Lloyd’s start-up buys regional broker following PE investment
Start-up Lloyd’s broker SRT & Partners has acquired regional corporate player Read Hunt following investment by BP Marsh.
Biba welcomes decision to not use term ‘ghost broking’ in new Fraud Charter
The British Insurance Brokers’ Association has welcomed the replacement of term ghost broking with ‘illegal insurance firms’ in the new Home Office Insurance Fraud Charter published last week.
Rise in IPT would put greater strain on brokers trying to reduce underinsurance
With the Autumn Budget set to be released tomorrow (30 October) by the UK government, the question over whether insurance premium tax will be increased lingers as industry practitioners weigh in.
Ripe continues senior recruitment drive with CUO appointment
Ripe has appointed David Rowntree as chief underwriting officer, the latest senior hire the digital managing general agent has made in recent months.
OneBefore partners with Pulse on medical tourism travel insurance
Managing general agent OneBefore has launched Pulse Globetrotter – Medical Travel Insurance, a medical tourism travel insurance, in partnership with specialist insurance provider, Pulse Insurance.
Mid-market boss Lyons wants Zurich to become a “nuisance” to rivals
Morgan Lyons, head of mid-market at Zurich, is looking to grow in the smaller mid-market space and become a “nuisance” to its competitors.
Broker Insights launches in the US
Insurtech Broker Insights has launched in the US following research and collaboration during which time it analysed almost $1bn (£770m) of gross written premiums.