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Blog: It’s Simply Business as Markerstudy finally lands Brightside
As Markerstudy acquires Brightside Jonathan Swift looks at a deal over seven years in the making that has highlighted a tale of two investments for Anacap.
PIB buys Staffordshire broker in second deal of 2021
Element Hinton specialises in construction, waste, engineering and leisure and the deal follows investment into PIB by Apax Partners.
Brightside sold to Markerstudy seven years after collapse of initial deal
Markerstudy finally gets its hands on the specialist personal lines broker after being rejected for undervaluing the broker in 2013.
Third deal in a week for Aston Lark
Bristol-based broker Venture Insurance has joined the Peter Blanc-led business.
Aviva’s Covid-19 BI claims exposure down to broker wordings
GI CEO Colm Holmes says provider has taken a proactive approach to paying claims as he discusses how Aviva was impacted by the BI test case and comments on its 2020 results.
Profit and turnover up for Admiral Group
Profit before tax was driven by strong reserve releases and lower claims frequency.
Aviva's UK operating profit falls in 2020
CEO Amanda Blanc sees opportunities for "material growth" in the UK market as commercial lines premiums continue to grow.
Aviva to buy Axa XL's Private Clients business
The deal, which is set to complete later this year, will see the Axa XL Private Clients team move across to Aviva to launch a new Aviva Private Clients proposition.
Interview: Ecclesiastical's Richard Coleman
MD of UKGI, Richard Coleman, tells Insurance Age about the provider's plans to modernise its brand and discusses the business interruption test case and Ecclesiastical's approach to working with brokers.
Meeting private equity: Andy Marsh of Beech Tree
In our continuing series, Beech Tree founder, Marsh talks through the investor’s interest in UK insurance distribution and its investment into managing general agent Avid Insurance.
Iprism develops unoccupied property product
The MGA said it developed the proposition in anticipation of a spike in empty properties due to post-Covid disruption.
RSA UK COR deteriorates to 101.8%
The insurer said the UK figures were “heavily impacted” by Covid-19 and, excluding the pandemic the UK COR was 95.8%, as CEO Hester reflects on group performance since 2014 and flags exit.
ERS posts surge in profit for 2020
COR also improved, while GWP was down on 2019 after a number of products lines were "materially affected" by Covid-19.
Axa UK & Ireland P&C COR improves to 96.2%
The provider’s 2020 results showed that, despite a fall in revenue, COR improved as P&C business in the UK reports growth in personal motor and commercial lines.
Jensten moves in for second deal this month
It has bought Advance Insurance Agencies to act as a specialist personal lines hub for its franchisees and broking operation.
Ageas reports 95.2% COR
The improved position was down to lower motor claims due to the lockdown as the insurer reports growth in broker deals for household and commercial.
Aston Lark buys Kent-based Sennocke
Deal includes two niche brands - Self-Build Zone and Build-Zone - as well as technical surveying and risk management business Build-Zone Survey Services.
LV confirms 300 redundancies following L&G takeover
CEO Steve Treloar explains the consultation process is now complete after the provider last year put up to 600 roles from across LV and L&G at risk as part of a restructure.
Analysis: Are we moving towards market failure for high-rise buildings?
PI and property rates were hit hard following the Grenfell fire horror. Martin Friel investigates the wider insurance implications but is met with deafening silence from providers as brokers sound the alarm.
Rock develops underwriting agency to target brokers
Tigon focuses on travel and Covid-19 cancellation cover as Rock seeks to diversify.
"Bold move" for GRP as it buys Marsh's UK Networks business
The takeover, which includes Marsh ProBroker, Bluefin Network and Purple Partnership, will see David Hopwood continue to lead the combined networks business as part of the GRP executive team, as group CEO Mike Bruce promises there will be no redundancies.
Peter Hubbard exits Be Wiser
The move follows staff at the motor broker being put under consultation last week.
Simply Business teams up with Equipsme for health plan push
Simply Business has partnered with insurtech MGA Equipsme to allow its customers to directly purchase health insurance plans online for the first time.
Be Wiser to slash staff numbers amid restructure
All 280 staff are under consultation as the business looks to reorganise following a series of losses and a "tough" pandemic.