Broking Break: Your top five stories of the week

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It was Towergate, Towergate, Towergate this week as the consolidator hit the headlines with a £5.5m loss for Q3. But what other companies have you also been reading about?

5) Andrew Kendrick to lead Chubb's European executive team

 

Ace made multiple promotions ahead of completing its acquisition of Chubb. This included the appointment of Andrew Kendrick as senior vice president of the new Chubb Group and regional president of the European Group.

 

 

 4) MUM launches PI product for brokers

Insurance Age revealed the release of a new professional indemnity product for brokers. Manchester Underwriting Management has partnered with CGPA Europe, part of a French

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

Konsileo seals £8m fundraise

Top 100 insurance broker Konsileo has completed an £8m fundraise to accelerate its expansion across the UK, Insurance Age can reveal.

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