News
MGA Optio launches PVT product with Lloyd’s backing
Specialty managing general agent Optio Group has re-entered the political violence and terrorism market, securing Lloyd’s of London backing.
MGA signs three year capacity deal with AmTrust
Legal expenses and specialist add-on insurance provider Alps has signed a new three-year capacity deal with AmTrust International in another tie-up with the backer.
British businesses embracing AI – QBE
More than 9 in 10 UK businesses (95%) are now using artificial intelligence or looking into it, according to research by QBE.
Adler Fairways recruits Bristol and Birmingham branch directors
Adler Fairways has appointed Oliver James and Rachael George as branch directors for its Bristol and Birmingham offices.
Ex-RSA boss Lee Mooney named Markel UK MD as Neil Galjaard steps down
Neil Galjaard, managing director of Markel UK, will step down with Lee Mooney taking up the job towards the end of June, subject to regulatory approval.
Premium Credit research shows finance options crucial to over 25% of insurance customers
More than one in four (27%) insurance customers would cut cover or switch to cheaper policies if they were not able to make monthly premium payments, according to research by Premium Credit.
People Moves: 27 – 30 May 2025
Stay in the loop with the latest insurance personnel moves.
Rokstone launches international casualty division
Managing general agent Rokstone has launched an international casualty division, recruiting again from Convex to lead the new offering.
Personal lines specialist buys bicycle and e-bike insurance brand
Niche Box Group has bought Next Generation Insurance Group – trading as Cycler – to expand into bicycle insurance as a stand alone or embedded into core covers.
Oxbow predicts profitable motor market CORs for 2025 and 2026
Oxbow Partners has forecast a combined operating ratio for the UK motor market of 93% for 2025 and 96% for 2026, which would mark three consecutive years of profit for the sector.
Leicester-based broker strikes first acquisition
GOAT Insurance has purchased the full book of business from IGG Insurance, marking its first buy.
Superscript partners with Toolstation
Digital insurance broker Superscript has teamed up with Toolstation, one of the UK’s largest suppliers of tools, accessories and building supplies, to deliver the retailer’s customers access to a new insurance offering.
Zurich appoints youngest ever regional head
Georgina Davis has been appointed head of regional market for the Midlands, South West and Wales at Zurich, succeeding Stephen Davis who is leaving for a new role at another business.
FSCS confirms no broker levy for 2025/26
The Financial Services Compensation Scheme has confirmed there will be no 2025/26 levy for the general insurance distribution class in which brokers sit.
People Moves: 19 – 23 May 2025
Keep up to date with the latest personnel moves in insurance.
2025 UK Broker Awards open for entries, and it’s simpler than ever to get involved
The 2025 UK Broker Awards are open for entries, with a new process that makes it simpler for firms to put themselves forward to be in with a chance of winning.
FCA authorisation service slips back in Q4
The Financial Conduct Authority’s authorisation service in broker-related categories went backwards in the final quarter of the 2024/25 financial year.
Acrisure valued at $32bn in $2.1bn funding raise
US broking giant and Top 100 UK broker Acrisure has secured a $2.1bn (£1.57bn) capital raise in a funding round led by Bain Capital.
33% of startup and scaleup businesses hit by cyber-attacks – Superscript
Some 54% of firms, ranging from those in seed stage to those IPO-ready, have worries about cyber-security and data risks, according to research by Superscript.
Verlingue boosts profits and turnover in 2024
Verlingue Holdings grew turnover by 13.7% to £23.96m in 2024 as profits at the broker surged ahead even more.
Brokers stress the importance of claims support when choosing an MGA
Brokers have emphasised the importance of A-rated claims support when choosing a managing general agent (89%), according to research by MGA Corin Underwriting.
IFB warns on sharp rise in ghost brokers
The Insurance Fraud Bureau has launched a national campaign with the Association of British Insurers and City of London Police to raise awareness of the dangers of ghost broking with the fraud growing by over 50% in two years.
TBIG backs Deva to buy David Vaughan & Co
The Broker Investment Group-backed Deva Risk Group has bought insurance broker David Vaughan & Co, adding offices in Dolgellau and Machynlleth, North Wales.
People Moves: 12 – 16 May 2025
Follow the latest personnel moves in insurance.