United Kingdom (UK)
Deals and organic growth boost Howden revenue to £2.44bn
Howden grew revenue by 33% to £2.44bn in the year ended 30 September 2023 on the back of 56 acquisitions and 13% organic growth.
Brown & Brown buys Kent-based Stewart & Partners
Brown & Brown has bought out Oxlea Investments, trading as Stewart & Partners, to become part of its South East retail hub Green Insurance Group.
NBS launches hospitality product
NBS Underwriting has launched a multi-location hospitality insurance product.
The Traitors’ Andrew Jenkins: “I can’t lie to save my life”
Andrew Jenkins, commercial account executive at PG Insurance, came fourth in BBC’s The Traitors series two in front of a peak audience of 6.9m people.
Ardonagh in $2bn bond deal – Bloomberg
Ardonagh is launching a near-$2bn (£1.59bn) bond sale in a process led by Morgan Stanley and Goldman Sachs, according to Bloomberg.
Axa pulls the plug on motorbike business
Axa will stop underwriting motorbike insurance from March, Insurance Age can reveal.
UK commercial pricing flat in Q4 – Marsh
UK commercial insurance pricing was flat in the final quarter of 2023 having posted its first fall in years in Q3, according to the latest research by Marsh.
Ardonagh Advisory boosts Scottish presence
Ardonagh Advisory has purchased Glasgow-based Solutions Healthcare, a whole-of-market healthcare insurance broker.
Aviva leaders on simplification for brokers at heart of changes
Aviva’s 2023 actions will see it move up the gears with brokers this year, according to leaders Ryan Birbeck and Michael Yabantu.
Interactive insurance broker UK M&A Map 2024
In 2023, Insurance Age reported on 114 UK broker deals with Brown & Brown Europe leading the way with 21.
AM Best sees positive implications for Folgate rating after Hadron deal
AM Best is reviewing the ratings of Folgate Insurance after the takeover by Hadron, flagging Folgate is expected to be “strategically important” to the US hybrid carrier.
Eleven targets hundreds of members in network in next few years
Dawn Derbyshire, managing director of Eleven Network, and David Bruce, Acrisure UK chief operating officer and network CEO, on building to be bigger and better.
People Moves: 29 January – 2 February 2024
Keep up to date with the latest insurance personnel moves.
US insurer Hadron enters UK market with Folgate takeover
Hybrid carrier Hadron, which launched in 2023, has bought Folgate Insurance Company for an undisclosed sum.
Clear buys HNW broker Porticus
Clear Group has bought London-based high-net-worth specialist broker Porticus Insurance Consultants in its first deal of 2024.
South West tops survey for insurance account executive pay rises
The 2024 average salary for insurance account executives is up 7.5% in the South West, the highest rise in the UK closely followed by Wales and East Anglia, according to a survey by recruitment consultants Reed.
Jensten strikes first deal of 2024 with Home Counties buy
Jensten has bought community broker Melville Burbage, its first deal of 2024.
JMG Group’s Astute makes first buy with property specialist
Astute Insurance Solutions has bought property specialist Sandhouse Insurance in its first deal since becoming part of JMG Group in 2022.
Broker Diversity Push: Broking gender diversity in leadership stuck at 16%
The latest update to Insurance Age’s Broker Diversity Push benchmark has revealed women still only hold 16.61% of six key leadership roles in broking.
RSA launches resource hub for broker profin clients
RSA Insurance has launched a bespoke online resource hub to help broker clients protect and manage their business.
Aviva boosts group accident and travel products with wellbeing package
Aviva has added mental health support to its group personal accident and business travel products in a move it labelled “a first for the industry”.
Gracechurch awards regional claims Service Quality Marque to insurer trio
Independent insurance research consultancy Gracechurch has awarded its Service Quality Marque to Allianz, Chubb and Ecclesiastical for UK regional claims.
Ardonagh strikes deal to sell Robus to Strategic Risk Solutions
Ardonagh has agreed to sell captive and insurance management group Robus to insurance company manager Strategic Risk Solutions.
Interview: Kevin Morton, Zurich Private Clients
Kevin Morton, head of Zurich Private Clients, scrutinises the issues that affected the high net worth market in 2023 and shares what is coming next from the specialist provider in 2024.