News
Seventeen snaffles AR Mint
Seventeen Group has bought up Mint Insurance Brokers, which has been an appointed representative of its broking subsidiary James Hallam since 2020, and unveiled two further purchases.
Hiscox grows UK commercial book as retail division COR improves
Hiscox has reported 4% growth in the UK for the first half of 2023.
FCA authorisation service improvements continue
The Financial Conduct Authority has improved its authorisations performance in four out of five categories affecting brokers, with none of these service levels now in the red.
Ex-Ardonagh and Gallagher leader Mark Mugge moves from Lucida to Optio
Mark Mugge has left motor specialist broker Lucida Group to be chief financial officer of managing general agent Optio Group.
Rokstone targeting £100m GWP with new A&H division
Rokstone has launched an accident and health division and recruited Darren Delande to lead it.
RSA slips to half-year loss
RSA Insurance Group has reported a £9m post-tax loss for the first half of 2023, slipping into the red after a profit of £192m in the same period last year.
MGA Eaton Gate targets “next stage of growth” with SiriusPoint capacity
MGA group Eaton Gate has announced a new partnership with SiriusPoint, the specialty insurer and reinsurer.
Howden’s Dual swoops for bloodstock MGA
Dual has bought David Ashby Underwriting, a specialist bloodstock and high-value sports horse insurance managing general agent.
Aviva expands appetite to boost sustainable building projects
Aviva has expanded its underwriting appetite to include engineered timber in commercial developments following a pilot, which saw it working with a handful of developers on sustainable building projects.
MGA-backer Bridgehaven secures A- rating from AM Best
Bridgehaven CEO Paul Jewell has hailed the business securing a high level rating from AM Best.
People Moves: 31 July – 4 August 2023
Keep up to date with the latest personnel moves in insurance.
‘A fairly broad risk appetite’ – Bridgehaven boss eyes MGA capacity deals in the UK
The CEO of fronting start-up Bridgehaven Insurance, Paul Jewell, says his team has the appetite to write a wide range of commercial specialty business for managing general agents in the UK.
Acturis snaps up Broker Buddha to enter US market
Acturis has entered the US market with the acquisition of digital engagement plaform Broker Buddha.
Verlingue boosts employee benefits division with Brunsdon buy
Verlingue has snapped up Gloucester-based Brunsdon Employee Benefits, extending its sector capabilities in the SME and mid-corporate market.
Ardonagh buys Sorvio to add to Ethos Broking
Ardonagh Advisory has bought Sorvio Insurance Brokers, a commercial broker servicing clients in the South West of England.
AA Insurance Services switches to CDL from inhouse legacy system
AA Insurance Services has gone live on CDL Strata, kicking of a phased programme to migrate about two million car and home policies, Insurance Age can reveal.
GRP enters pet market as it bolsters digital broker Insync with deal
Global Risk Partners has moved into the pet insurance market buying Petsmedicover, trading as VetsMediCover.
Aon expands with ex-Aviva and Ardonagh leader Graeme MacMillan
Aon has named Graeme MacMillan as chief broking officer for Commercial Risk Solutions in the UK, starting in the newly created role on 1 November.
MGA bolsters team following resignations amid Ardonagh staff interest
Managing general agent Mercia Underwriting says it has bolstered the team after a number of staff resigned from positions.
Flood Re names Bridget Rosewell as chair to succeed Mark Hoban
Flood Re has appointed Bridget Rosewell as non-executive director and chair-designate to succeed outgoing Mark Hoban, taking up the chair post at the end of September.
HDI recruits new director of underwriting and cyber lead from Chubb
HDI Global has made several senior appointments in its UK & Ireland branch, including a new director of underwriting, Antonia Osborne.
Ghost broker sentenced after pocketing £302,000
A ghost broker who charged more than 900 motorists up to £300 each for fraudulent motor insurance policies has been sentenced.
UK commercial hardening drops to 1%
Insurance pricing in the UK commercial market rose by only 1% in the second quarter of 2023, according to Marsh, its lowest rate since Q4 2018.
Lockton names Shelley Wright head of UK commercial wholesale ahead of David Lee retiring
Lockton has appointed Shelley Wright as head of UK commercial wholesale joining from Swiss Re to succeed David Lee who will be retiring in the next 12 months.