News
Markel to buy London-headquartered marine MGA
Markel has inked a deal to buy specialist marine managing general agent The MECO Group.
Gallagher tipped to win the race for PIB
A deal for Gallagher to buy PIB is said to be “80% done”, sister title Insurance Post has revealed.
Marshmallow raises $90m to grow product offering and international expansion
Fintech Marshmallow has raised $90m (£68m) of funding, a mixture of equity and debt, from Portage, BlackRock and Columbia Lake Partners to grow the business’ product offering and support plans for international expansion.
Brown & Brown buys SME broker
Brown & Brown (Europe) has bought Irvine Commercial Insurance Brokers in its third deal of the year.
Partners& creates nine leadership roles
Partners& has restructured its general insurance business creating nine new managing partners roles across the UK.
RSA confirms rebrand to Intact
RSA will rebrand and change its trading name to Intact Insurance by the end of 2025.
Ripe completes GJW Direct buy
Ripe has bought boat insurance specialist GJW Direct from Munich Re Specialty.
Ageas claims ‘number three’ UK personal lines position with £1.3bn Esure deal
Ageas has reached an agreement with Bain Capital to acquire Esure to create what it claims is the third largest UK personal lines player.
Ex-Acromas CEO among senior Pikl hires
Pikl, the vacation rental specialist, has recruited former Acromas Insurance CEO Steve McGuinness as its chief operating officer and Canopius veteran James Everett as its chief underwriting officer.
People Moves: 7 – 11 April 2025
Keep up to date with the latest insurance industry personnel moves.
Allianz launches solar inspection service
Allianz Engineering has launched an inspection service for solar photovoltaic (PV) systems, aimed at businesses and industrial sites.
Rathi reappointed FCA CEO
The Treasury has announced the reappointment of Nikhil Rathi as chief executive of the Financial Conduct Authority for a second term.
Brokers appetite for AI growing but split on automated vs in person underwriting
More than four out of five brokers said they would be interested or very interested in enhancing their operations with digital or automated processes, an increase of 15% since 2022, according to research by Aviva.
TBIG broker nears £10m with latest acquisition
The Broker Investment Group has secured its second deal of 2025.
Clear buys London-based broker
Clear Group has added London-based broker Moore Robinson to its UK retail arm.
Covea returns to profit as GWP drops
Covea Insurance has reported profit after tax of £32.9m, swinging out of the red, for the year ended 31 December 2024.
Biba launches MGA capacity guide
The British Insurance Brokers’ Association has launched a guide to help its members access the capacity of managing general agents, in response to member demand.
Ex-Zurich/RSA CEO Lewis appointed MGA chair
Managing general agent Arkel has appointed former Zurich and RSA CEO Steve Lewis as chairman, effective immediately.
Saga unveils broking and underwriting results ahead of Ageas deal completion
Saga’s insurance broking arm reported a total earned underlying profit before tax of £14.4m in 2024 (2023: £39.8m) in its final full year results before it completes a new distribution partnership with Ageas.
Fairchild: broker deal slowdown highlights need for “fresh approach” to M&A
The mooted decline in broker merger and acquisition activity in the UK means it is the right time to introduce a new approach to deal-making.
FCA to consult on 2025/6 fees as it plans 2.2% hike for brokers
The Financial Conduct Authority has revealed it is proposing to raise broker fees by 2.2% as it outlined plans for its 2025-2026 work programme today.
Thomas Carroll expands into ‘underserved’ Bristol with new office
Thomas Carroll is set to open its first office in Bristol on 1 May, headed up by Thomas regional director Scott Levett.
Ex-Erskine Murray boss takes MGA NED role
The former Erskine Murray Insurance Brokers owner and CEO Tom Bartleet has been appointed to non-executive director at MGA Qlaims.
Addept enters legal expenses market with double launch
Addept Insurance Services has today announced the launch of the first of a new suite of legal expenses insurance products.