News
BMS unveils wine producers insurance Bacchus
BMS Group has launched BMS Bacchus, a stock throughput solution designed to protect wine across all stages of production, storage and transit, from harvested grapes to finished product.
Brown & Brown’s Bridge integrates wholesale broker brands for international launch
Bridge Specialty Group, Brown & Brown’s wholesale broker segment, is to bring its London-based businesses Lonmar Global Risks, Decus Insurance Brokers and BdB under Bridge Specialty International.
FCA bans broker and issues £1.1m fine for misusing insurer funds
Leigh Mackey, formerly sole director of closed broker Inspire Insurance Services, has been banned by the Financial Conduct Authority and fined £1.1m after using insurer funds to support the firm’s operating costs and pay for personal living expenses.
Hardie steps down as Jensten CEO and Organ promoted
Alistair Hardie has stepped down from Jensten Group CEO and Rob Organ promoted to the role with immediate effect.
Aviva lifts the lid on young person social media ghost broking epidemic
One in three young drivers have purchased car insurance from ghost brokers selling invalid or fake policies on social media platforms, according to an Aviva survey.
DLG to cut 550 jobs as it targets £100m of savings
Direct Line Group has started consultations with staff as part of a proposed reduction of about 550 roles, it announced today.
RBC warns of potential £250m premium finance hit to Close Brothers
If a recent court ruling on motor finance litigation is upheld and spreads to premium finance Close Brothers could suffer a £250m hit, equity analysts RBC Capital Markets have warned.
People Moves: 4 – 8 November 2024
Keep up to date with the latest insurance industry personnel moves.
Alistair Brighton named Marsh UK corporate and commercial CEO
Marsh has appointed Alistair Brighton as corporate and commercial UK CEO, succeeding Alistair Fraser who is moving to the newly created role of international corporate and commercial leader.
Lloyd’s wholesale broker H.W. Wood sale confirmed
H.W. International has struck a deal to sell H.W. Wood to Steadfast Group, a general insurance broker network and underwriting agency group in Australasia and owner of one of the largest agency networks in the US.
Broker deals help push Hiscox to 4.5% UK growth
Hiscox has revealed 4.5% growth in written premiums to £504.2m for the first nine months of 2024 as it topped over half a million customers.
Open GI expands panel with Commercial Express property owners
Managing general agent Commercial Express has joined Open GI’s commercial panel, the software specialists have confirmed.
Hood moves household book from RSA to Bspoke
Bspoke Group has teamed up with Hood Group to underwrite the Top 100 Broker and affinity insurance provider’s household portfolio.
i-wonder to launch classic car comparison site
Niche comparison site solutions provider i-Wonder is rolling out a service for UK classic car insurance, Insurance Age can reveal.
Clear builds schemes business with CoverMarque purchase
The Clear Group has bought niche schemes broker CoverMarque, based in Hampshire.
Brown & Brown buys Crosby Insurance Brokers
Brown & Brown has purchased North East based Crosby Insurance brokers.
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.
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.