M&A growing in the Lloyd's and wider market
Delegates at Lloyd's conference also told use of data analytics increasing among brokers.
A significant level of merger and acquisition activity is one of the main trends in the Lloyd's broking market, brokers, insurers and underwriters were told at a conference.
David Charles-Jones, part of broker relationship management global markets at Lloyds, said the trend also applies to the wider market as well.
He spoke at the Meet the Lloyd's Market event held in Birmingham.
Earnings
Charles-Jones explained: "I think it tends to be driven by soft market conditions and promises made to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Biba 2025 Countdown: Sedgwick’s Joseph Noel
With the Biba Conference getting ever closer, Joseph Noel, managing director for commercial claims services at Sedgwick, explains the importance of risk management, the excitement over the firm’s new branding and why you might find him at Affleck’s Palace shopping for a bucket hat.
Clear Group snaps up HNW MGA
Shape Underwriting has acquired private client and high-net-worth specialist managing general agent Protect Underwriting.
New commercial broker Monteith launches with £1m target in first three months
Scott McLuskey has launched Monteith Corporate Risk with offices in Glasgow and London targeting £1m of premiums in its first three months of trading.
Biba 2025 Countdown: Premium Credit’s Owen Thomas
Ahead of the annual event, Owen Thomas, chief sales officer at Premium Credit, underlines the importance of growing compliantly in uncertain economic times, recommends a reliable pit stop to refuel, and nominates Arch’s Mike Bottle as good football manager material.
AUB UK Retail targeting 25 deals in 18 months
AUB UK Retail is looking to make 25 buys before the end of next year, with CEO Bob Pybus eyeing up building a £1bn premium business through acquisitions and organic growth, Insurance Age can reveal.
Biba 2025 Countdown: Broker Insights’ Peter Scott
With exactly a week to go until the conference, Peter Scott, CEO of Broker Insights, advocates meaningful conversations, describes Biba as ‘a marathon, not a sprint,’ and suggests delegates take a moment to reflect at the Alan Turing Memorial in Sackville Gardens.
News analysis: Does the UK broking community actually need another network?
With Jensten becoming the latest addition to the network landscape in March, Martin Friel assesses whether the sector is over subscribed and reflects on how these operations have evolved over the last three decades.
Start-up broker to launch in Q3 targeting motor
Pizza, a start-up insurance broker, is set for its consumer launch in the third quarter of 2025.