News
Brokers warn insurers they risk losing more business to MGAs
Mainstream insurers need to heed the lessons of the post pandemic decline in service or face losing more market share to managing general agents.
People Moves: 3 – 7 July 2023
Keep up to date with the latest personnel moves in insurance.
Hector succeeds Callan to lead on commercial at Covéa
Keith Hector has been named as commercial team leader at Covéa, succeeding Carolyn Callan.
Verlingue grows turnover and profit in 2022
Verlingue UK boosted turnover by 6.8% in 2022 to £19.51m, as profits also rose.
Clear Group in double broker swoop
Clear Group has sealed a pair of broker deals, buying Mayor Broking and MJB Finningley.
Capacity provider Accredited backs MGA home specialist
Accredited Insurance (Europe) has backed managing general agent Integra Insurance Solutions with fresh capacity.
GRP buys London-based commercial broker KPTI
Global Risk Partners has bought SB2, the holding company for KPTI, which trades as IS Insurance Solutions.
Ardonagh snaps up Sentinel for Ethos
Ardonagh Advisory has struck its second deal of the week buying self-drive hire specialist Sentinel Insurance Solutions.
Jensten Group acquires telemarketing business to boost organic growth
Jensten Group has acquired More Telemarketing, an insurance telemarketing business with a specialism in generating opportunities in the SME and corporate space.
Ardonagh eyes team at SME-specialist MGA
Ardonagh has made a move for staff at Mercia Underwriting Solutions, with a number of staff now expected to make the move over to the consolidator.
Withers replaces Fletcher as Ecclesiastical schemes boss
Chris Withers is to head up Ecclesiastical Insurance’s schemes business following the retirement of Tony Fletcher, the insurer has announced.
ABI reveals soaring trade credit claims
The Association of British Insurers has revealed member trade credit insurers received 5,300 claims for businesses in the first quarter of 2023, up 81% on the same period last year.
Howden buys Media Insurance Brokers International
Howden has bought UK and Irish film and television specialist Media Insurance Brokers International.
New Biba CEO Trudgill urged to fight for compliance-hit small brokers
The new CEO of the British Insurance Brokers’ Association, Graeme Trudgill, has been urged to fight for smaller brokers, who complain they are being swamped by regulation.
Former CII COO Bissell appointed Cila executive director
The Chartered Institute of Loss Adjusters has appointed John Bissell as executive director. He will take on the leadership role in September 2023.
Graeme Trudgill succeeds Steve White as Biba CEO
The British Insurance Brokers’ Association has appointed Graeme Trudgill, its current executive director, as CEO taking over from Steve White.
Clear Group strikes first MGA deal
The Clear Group has acquired a 50% shareholding in Thomond Underwriting based in the Republic of Ireland and Northern Ireland, the broker’s first MGA deal.
Jensten snaps up broker to head Northern regional hub
Jensten Group has bought Lake District-based Simpson and Parsons to become its Northern regional centre of excellence.
Ardonagh acquires PB Curran and rolls it into Ethos
Ardonagh Advisory has acquired PB Curran, an independent broker specialising in commercial, landlords, farming and private clients insurance.
The Broker Investment Group buys out Hallsdale Insurance Brokers
The Broker Investment Group has bought out Kettering-based Hallsdale Insurance Brokers, having previously invested for a 30% stake in 2018.
Renovation Underwriting rolls out non-negligence liability cover
Managing general agent Renovation Underwriting has launched non-negligence liability cover available either as part of a wider renovation cover or as a standalone product.
Zurich UK CEO Bailey takes over as ABI president
Tim Bailey, UK CEO at Zurich, is the new president of the Association of British Insurers.
FCA cracking down on home and motor insurers
The Financial Conduct Authority has warned insurers about the support provided to struggling customers.
LMG unveils Futures Academy to boost under 30s working in specialty insurance
The London Market Group has announced that the EC3 insurance community will host its first 'Futures Academy', providing a fortnight of industry insights for more than 100 Year 12 students.