News
Aviva reports 18% increase in ghost broking frauds in 2024
Aviva detected an 18% increase in ghost-brokered policies and linked an additional 8,600 cases to open investigations into known ghost broking cases in 2024.
Partners& rebrands Scottish broker MacDonald Group
Scottish broker MacDonald Group is rebranding to Partners& following its acquisition in 2022.
MGA expands appetite for contractors to include builders, plant and skip hirers
Speciality insurance managing general agent Fiducia has expanded its risk appetite for combined liabilities insurance to include a range of new broker contractor clients.
Acorn boosts GWP by over 40% in 2024
Merseyside-based Acorn Group has reported gross written premiums soared 41% to record £742m in the financial year ending 31 December 2024.
Former broking CEO Fairchild takes new M&A role
Former Broker Network and Applied Systems Europe CEO Andy Fairchild has joined IDEX Consulting to lead the business’ M&A division.
Yutree outlines plans after MBO
Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.
Top 100 UK Broker Bartlett posts growth in 2024
Leeds-headquartered Bartlett Group grew turnover by 7.8% in the year ending 30 September 2024, building on expansion the year before.
People Moves: 31 March – 4 April 2025
Follow the latest personnel moves in insurance.
Ardonagh Advisory buys ALP Holdings in Liverpool
Ardonagh Advisory has bought ALP Holdings, including its wholly owned subsidiary, Letton Percival.
Ex-Hiscox HNW boss Holmes’ new broker employer revealed
Specialist Risk Group has recruited Hiscox’s former high net worth broker boss Nicola Holmes.
Aviva partners with Towergate on caravan cover
Ardonagh-owned Towergate has teamed up with Aviva on caravan, park and leisure homes.
Two specialty MGAs set to merge
Managing general agents Nirvana and Pulse have announced plans to merge their businesses.
Flood Re boosts education drive with academy launch
Flood Re has launched a dedicated online e-learning platform providing free training on the Flood Re scheme and the Build Back Better initiative.
Gallagher grows real estate practice with broker buy
Gallagher has purchased commercial insurance broker Bicroft Insurance Services, expanding the broking giant’s real estate practice.
PwC highlights pressure on motor, home and specialty insurance from Trump’s tariffs
PwC has warned of higher claims costs, particularly in motor and home, leading to pressure on premium rates due to the US placing new tariffs on its global trading partners.
FOS expects motor insurance complaints to stay high in 2025/26
The Financial Ombudsman Service has flagged it expects complaints about motor insurance to remain high in 2025/26 due to the higher cost of, and supply challenges around, parts and labour.
Ardonagh Advisory strikes deal with new premium finance partner
Premium finance provider PremFina has announced a partnership with Ardonagh Advisory.
Brown & Brown acquires firm from fellow top 100 UK broker
Brown & Brown has purchased commercial motor insurance specialist BCM Acquisitions, trading as 1st UK Broking.
MGA appoints Stuart Reid as chair
Specialist business health insurance MGA Equipsme has appointed Stuart Reid as chair of its board.
MGA inks five-year capacity deal with Allianz Commercial
Managing general Agent Rokstone, part of the Aventum Group, has entered a five-year capacity arrangement with Allianz Commercial.
CFC launches cyber “game-changer” for brokers
The specialist insurance provider CFC has launched a new cyber product aimed at all businesses with revenues up to £250m.
Brokerbility adds Cass-Stephens Insurances as member
Gloucester-based Cass-Stephens Insurances has joined Brokerbility, switching across from Bravo Networks.
Law firm warns brokers clock is ticking for Covid-19 BI claims
Fenchurch Law has warned brokers to make sure clients file any Covid-19 business interruption claims now, before they are time-barred.
Matt Williams named UK and Ireland CEO at Allianz Trade
Matt Williams, currently regional credit director for Allianz Trade in Northern Europe, is moving to be CEO in the UK and Ireland succeeding Sarah Murrow.