News
Two deals in a week as GRP buys Henshalls
Global Risk Partners has ramped up its acquisition spree again, buying Shropshire-headquartered Henshalls Insurance Brokers for an undisclosed sum.
AIG strikes MGA deal to drive expansion in high-net-worth markets
AIG has not ruled out UK and European markets following a deal with private equity-focused reinsurer Stone Point Capital to create a new managing general agency for HNW markets.
Colm Tully to head up Paymentshield
Colm Tully has been appointed to lead Ardonagh-owned Paymentshield, succeeding Rob Evans.
FCA signs off on PIB's £24m Jigsaw buy
The Financial Conduct Authority has approved PIB buying Jigsaw Insurance Services Plc, as the consolidator eyes a significant push into the personal lines market.
Ignite stresses the importance of a gender-balanced industry
Jess Burton, head of operations at Ignite, has urged the insurance sector to become more gender balanced in order for the industry to keep moving forward.
Ex-Brokerbility boss Julie Rayson-Flynn joins Towergate
Towergate Insurance Brokers has appointed former Brokerbility director Julie Rayson-Flynn to the newly created role of national broking director.
Home insurance prices fall again to new record low
The average cost of home insurance dropped to £300 in 2022, the cheapest since the Association of British Insurers started collecting data in 2012.
Broker praise leads to claims recognition for Allianz, Chubb and Ecclesiastical
Insurance consultancy, Gracechurch, has awarded its Service Quality Marque to Allianz, Chubb and Ecclesiastical.
Hamilton Fraser makes first buy under GRP ownership
Hamilton Fraser has bought London-based commercial lines broker Edmondsons.
FCA calls for firms to do more on ESG
The Financial Conduct Authority has stressed that businesses must continue to adapt their priorities to meet the changing environmental needs for a more sustainable world.
Movo sets £90m target after beating 2022 goal
Movo Partnership grew from 52 appointed representative broker members and £40m of gross written premium in 2021 to 66 members and £68m GWP by the end of 2022.
Marsh McLennan names Chris Lay as UK CEO
Chris Lay has been appointed UK CEO of Marsh McLennan in addition to his responsibilities as CEO of Marsh UK, effective 1 March 2023.
DR&P buys Lloyd Bolam
DR&P Group has bought Macclesfield-based Lloyd Bolam Insurance Brokers for an undisclosed sum.
Ex-SSP leader Peter Gregory joins Earnix
Former director of broking at SSP, Peter Gregory, has joined Earnix as sales director.
Saga in 'exclusive' sale talks with insurtech over Acromas underwriting arm
Over-50s specialist Saga has confirmed that it is in exclusive discussions with Australian insurtech Open to sell its insurance arm Acromas.
WTW achieves 3% organic broking growth in 2022
WTW has reported 3% organic growth in risk and broking revenues for 2022 boosted by a 5% rise in the final quarter of the year.
People Moves: 6 - 10 February 2023
Keep up to date with the latest personnel moves in the insurance industry.
QBE appoints Matt Lacy as director of newly formed client proposition team
QBE has created a client proposition team and appointed Matt Lacy to be its director, with immediate effect.
Zurich UK’s P&C operating profit drops to £226m in 2022
Zurich UK’s operating profit from property and casualty business fell £145m year-on-year to £226m in 2022 due to claims inflation and the impact of large losses.
Aston Lark strikes deal to buy Allegiance Insure
Howden-owned Aston Lark has agreed terms to buy Allegiance Insure in its first acquisition of 2023.
Apollo partners with Moonrock on drone facility
Apollo will be providing capacity to Moonrock Drone Insurance for a facility designed to provide cover for larger commercial drone operations.
US authorities notified of Marsh McLennan's controversial African pipeline involvement
US authorities have been alerted by human rights groups to Marsh’s involvement with the controversial building of an East African oil pipeline.
Allianz Commercial greens fleet policies in revamp
Allianz Commercial has refreshed its fleet policies to reduce repair times and prescribe the fitting of green parts.
Close Brothers Premium Finance recruits ex-Complete Cover boss Shaun Hooper as MD
Shaun Hooper has been appointed managing director at Close Brothers Premium Finance succeeding Seán Kemple who is moving to a broader CEO role.