United Kingdom (UK)
TH March switches to employee ownership trust
TH March, a jewellery and allied trades specialist broker, is transitioning to an employee ownership trust, in a strategic move it said secures the company’s long-term independence.
Exiting Esure owner Bain Capital tipped to lead on $2bn Acrisure investment
A group led by private equity house Bain Capital is in discussions with US-headquartered Acrisure, owner of Eleven Network and a Top 100 UK Broker, to invest up to $2bn (£1.49bn), Bloomberg has reported.
The FCA’s new five-year plan – what does it actually mean for brokers?
Following the recent publication of its new five-year plan, Insurance Age canvassed opinion from regulatory experts and market commentators on what brokers might expect from the the Financial Conduct Authority between now and 2030.
TBIG secures third deal of 2025
The Broker Investment Group has increased its shareholding in Mayfair Insurance to 100%, representing the final stage of a two-step succession plan.
FCA ends Scottish broker’s trading permissions after dual pricing attestation and response failures
The Financial Conduct Authority has cancelled L R Kennedy Insurance Services’ permission to carry out regulated activities with immediate effect.
Biba 2025 Countdown: Beazley’s Sam Franks
Sam Franks, country manager and head of partner engagement for the UK & Ireland at Beazley, promises plenty of pink and underwriters on its stand; offers advice about how brokers can differentiate themselves from their peers in the market; and looks…
SRG to add credit and political risk team from Tysers
Specialist Risk Group has signed up for Tysers’ credit and political risk (re)insurance team to join the business.
The generational wealth gap and investment risks – a looming risk for brokers
Financial constraints have led to a greater reliance among younger generations on alternative investments that pose higher risks for investors and their financial advisors. As a result Kate Albert, CEO and co-founder at Kova Professions, warns brokers…
People Moves: 22 – 25 April 2025
Follow the latest personnel moves in insurance.
UK commercial rates falling faster – Marsh
The pace of UK commercial insurance rates dropping quickened in the first quarter of the year, outstripping the global fall.
Gibson and Johnson set to leave Allianz after claims merge
Graham Gibson, chief claims officer for Allianz Commercial, and Caroline Johnson, claims director for Allianz Personal, are set to exit the insurer in Q4.
Axa swings back to UK underwriting profits in 2024
Axa Insurance UK returned to underwriting profit in 2024 with a £45m result, reversing a £103m deficit in 2023.
IPT receipts surge 9% to £8.88bn in 2024/25
Data from HMRC has confirmed receipts from Insurance Premium Tax jumped by £737m in the 2024/25 financial year reaching a new high of £8.88bn.
JMG strikes first deals of 2025 with triple swoop
JMG Group has made a trio of acquisitions in its first deals of 2025, having been the most active consolidator last year with 16 buys.
Ex-EY boss Tony Sault joins Oxbow Partners
Former EY leader Tony Sault has joined management consultancy Oxbow Partners, tasked with extending the UK and Ireland general insurance practice.
Brokers see growth opportunities in non-standard property
Brokers have ranked unoccupied homes as top of the key growth areas list in a Prestige Underwriting survey on the non-standard market.
UIB responds to SFO court case decision
United Insurance Brokers Limited has responded to the Serious Fraud Office’s decision to bring a case of failing to prevent international bribery with the charges to be heard at Westminster Magistrates’ Court on Wednesday 7 May.
Alan Boswell buys Suffolk broker
Alan Boswell Group has bought commercial insurance broker Andrew Thompson and Associates in its first deal of the year after two purchases in 2024.
Howden partners with the Lawn Tennis Association
Howden has served up a three-year partnership with the Lawn Tennis Association.
SFO accuses United Insurance Brokers of failing to prevent international bribery
The Serious Fraud Office has accused United Insurance Brokers Limited of failing to prevent international bribery and representatives of the company will appear before Westminster Magistrates’ Court on Wednesday 7 May to face the charges.
Axa warns brokers on criminal gangs targeting vacant commercial properties
Axa UK has urged brokers to make sure customers are vigilant about criminal gangs targeting empty commercial properties as the insurer has seen a steep rise in the problem in recent months.