Personal
Private equity behind 71% of UK broker deals in 2020
Exclusive: Mazars' Simon Fitzsimmons discusses why the broking sector is attractive to private equity and international investment and predicts we will see fewer larger deals in 2021.
Government seeks views on changes to Flood Re
The proposals include giving Flood Re the ability to offer discounted premiums to households that have fitted flood resilience measures to their property.
Complete Cover Group reveals return to profit in 2019
The broker's turnover fell but adjusted Ebitda grew in 2019 according to its latest set of financial results, as the business also comments on its sale to Ormiston Holdco in early 2020.
Biba Travel Medical Insurance Directory approved by FCA
The document has been designed to help brokers comply with regulatory obligations.
Howden to buy in the UK as it confirms £500m war chest
CEO David Howden hopes A-Plan will help attract UK brokers who do not want to join the "traditional aggregators" as it explores deals of all sizes.
Prometheus Insurance falls into administration
The Gibraltar-based insurer, also known as Tradewise Insurance Company, which went into run-off last year, cannot meet claims in full.
Guide launched to aid inclusive policy design
Insurance Cares: The document has been developed by Fair By Design with input for providers and regulators and has been created to help vulnerable customers.
Markerstudy in £200m investment deal led by Pollen Street Capital
QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
Howden reveals organic growth of 6% and rising revenues
The broking group says it has facilities of over £300m to support growth and acquisitions, as it looks to make more deals in the retail space and to grow its MGA arm, Dual.
PIB sold to Apax funds
The investment is set to “accelerate strategic M&A” for the broker as it is also confirmed that former backer, the Carlyle Group, has retained a minority stake in the business.
Head Lines: Zurich offers counselling to all claimants
Brokered and direct customers will be offered access to five counselling sessions if they claim.
RSA shareholders say yes to £7.2bn takeover
Canadian provider Intact and Danish insurer Tryg made a cash offer for RSA in November 2020.
A-Plan to absorb Howden’s UK retail business
More than 100 staff are set to move across as A-Plan is set to become Howden’s retail flagship.
Uinsure adds Covéa Insurance to its broker platform
Uinsure is seeking to grow broker distribution of home insurance products.
Beckett exits Be Wiser CEO role after one year
Former Endsleigh boss Jeff Brinley takes over after joining the motor specialist as CFO in November last year.
Markerstudy posts loss for "consolidation year" 2019
MGA confirms it is in discussions with Qatar Re after missing the deadline to pay back its near £200m loan, as it seeks fresh third party investment.
FCA reveals financial resilience of brokers amid Covid-19
Survey shows that 43% of brokers used furlough scheme while 19% accessed other forms of government support when coronavirus pandemic hit.
Specialist Risk Group acquires equestrian broker
KBIS was established in 1991 and specialises in horse, horsebox and trailer and equestrian business cover.
Opinion: Bought By Many’s Charlotte Halkett on reasons to be positive about 2021
There is no place for ruthless self-interest in 2021 and businesses should learn from the coronavirus vaccine roll out that collaboration will be key over the next 12 months, says Charlotte Halkett.
Marmalade unveils pay-as-you-go policy for young drivers
The product, which the broker claims is the first of its kind in the UK, is underwritten by Ageas and uses specialist smartphone telematics technology to record how users drive.
RSA directors urge shareholders to vote in favour of Intact/Tryg takeover
Shareholders are set to vote on the deal, which would see the UK part of the business sold to Canadian provider Intact, in January.
Fresh sellers hit back and deny misleading Kingfisher
The group issued a raft of denials and counter claims following Kingfisher accusations of misconduct, data breaches and misuse of the MyLicence platform.
Alison Meckiffe steps in as Endsleigh CEO
Meckiffe replaced Jeff Brinley who recently joined Be Wiser as chief financial officer.
Zurich and Plum Underwriting agree £150m capacity deal
The five-year personal lines deal sees Zurich replace Lloyd's capacity.