News
Biba launches latent defects scheme
The British Insurance Brokers’ Association has teamed up with specialist broker GBW to launch a latent defects scheme, consisting of building warranty cover tailored for the property development and construction industry.
Jensten strikes biggest deal to date as its snaps up One Broker
Jensten has made its largest acquisition to date, acquiring East Anglian-based One Broker Group for an undisclosed amount, subject to regulatory approval.
Lucida Group adds Jon Sutton as CFO succeeding Mark Mugge
Lucida Group, which includes Right Choice Insurance Brokers, Bennetts and Moorhouse, has appointed Jon Sutton as chief financial officer succeeding Mark Mugge.
Ex-Covéa UK CEO Adrian Furness joins Activate Group
Former Covéa boss Adrian Furness has joined accident management group Activate as managing director of its motor repair network business, taking up the post on 2 October.
Allianz reveals first Net Zero transition plan with 2030 intermediate targets
Allianz has published its first comprehensive Net Zero transition plan backing up its commitment to achieving net-zero emissions by 2050 in its proprietary investment and property & casualty underwriting portfolios.
Abacai transfers claims team to law firm
The owner of broker Complete Cover, Abacai, has entered into a strategic partnership with HF, which will see members of its volume claims teams transfer to the law firm.
Home insurance premium hikes hit new high, according to Consumer Intelligence
The average quoted price of home insurance rose by 25.7% in the past year – the highest annual increase on record, according to the latest Consumer Intelligence Home Insurance Price Index.
RSA boss Norgrove in broker service promise after NIG deal
RSA CEO Ken Norgrove has vowed to maintain NIG’s high standards of broker service following the acquisition of the SME-specialist provider.
Acrisure adds Modus to MGA portfolio
Acrisure has bought Modus Underwriting, its first MGA acquisition of the year.
People Moves: 4 – 8 September 2023
Keep up to date with the latest insurance personnel moves.
Bruce promoted to Brown & Brown Europe role as move to rebrand GRP gathers pace
Mike Bruce has been promoted to CEO of Brown & Brown Europe, as the firm continues on the path to rebrand Global Risk Partners.
WTW expands GB operations with two leaders and new Cardiff office
WTW has appointed Chris Milnes to run the North and Scotland.
Lloyd’s more than doubles half-year underwriting profits and grows GWP
Lloyd’s more than doubled underwriting profits in the first half of the year to £2.5bn from £1.2bn in the same period of 2022.
RSA swoops for NIG and FarmWeb in £520m deal
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line Insurance Group to acquire its brokered commercial lines operations, including NIG and FarmWeb.
Cowbell launches SME focused cyber insurance in UK
US cyber expert Cowbell has rolled out its standalone cyber insurance offering to the UK, Cowbell Prime One, aimed at SMEs and mid-market businesses.
Marsh names Nick Harris as CEO of UK retail
Marsh McLennan has appointed Nick Harris as CEO of UK retail at Marsh, taking up the role on 1 January 2024.
Motor payouts hit record £2.5bn in Q2, says ABI
Insurers paid out £2.5bn in motor claims in the second quarter of this year, according to the Association of British Insurers, the highest quarterly figure since it started collecting data in 2013.
Gallagher snaps up leisure and holiday broker Lifesure Group
Gallagher has gained ‘additional scale’ in the leisure sector following the purchase of a specialist broker.
Castle strikes second deal under GRP with Square Circle buy
Castle Insurance has bought 100% of Square Circle Brokers in its second buy since becoming Global Risk Partners’ North-East hub in May 2022.
MGA aims for European growth following management buyout
OneAdvent has completed a management buyout led by managing director Tim Quayle.
Ex-Allianz Commercial boss McGinn to become Dual UK CEO
Dual today announced the appointment of Simon McGinn as CEO of its UK business, subject to regulatory approval.
Aviva swoops for Zurich PL & MGA boss Gambrell as Martin builds out team
Aviva has added two new appointments to its distribution team, including a swoop for Zurich’s personal lines and MGA boss.
Gallagher unveils new retail cyber head Sam Cheshire
Gallagher has appointed Sam Cheshire as head of cyber for its UK & Ireland retail division.
Stuart Reid adds MGA to his NED portfolio
Insurtech MGA, Qlaims, has recruited Stuart Reid as a non-executive director.