United Kingdom (UK)
MGA Iprism notches up second post-MBO buy with SK deal
Managing general agent Iprism has bought property specialist SK Underwriting for an undisclosed fee.
R&Q in ‘advanced’ talks for sale of Policy Expert capacity backer Accredited
R&Q Insurance Holdings has admitted that it is in advanced discussions with Canadian investment business Onex for the sale of its fronting business Accredited.
MCE had £5.2m loss before collapse and HMRC now one of biggest creditors
Broker MCE was carrying a £5.2m Ebitda loss before its collapse, leaving HM Revenue & Customs with an estimated £828,844 claim, according to the administrator’s report.
Park Insurance launches formal apprentice programme
Bristol-based Park Insurance has rolled out its first formal broker apprentice programme open to recent school leavers and those with work experience in other areas looking to move their career in a new direction.
People Moves: 18 – 22 September 2023
Keep up to date with the latest personnel moves in insurance.
FCA ready to swoop on ‘outliers’ amid concerns on cyber insurance
The Financial Conduct Authority has warned the cyber insurance market over its concerns on policy wordings.
Interview: Mike Latham, Verlingue UK
Verlingue is a French broker that took off in the aftermath of the Second World War. Following publication of its latest financial results, UK CEO Mike Latham explains why the family-owned business is a steady generational business that has clear and…
SRG reveals Hamilton Leigh cost as turnover grows 21% in 2022
Specialist Risk Investments’ bill for buying motor trade specialist Hamilton Leigh in 2022 totalled £11.52m, according to a filing at Companies House.
Ripe Thinking notches up first buy with boat insurance specialist
Insurtech broker Ripe has completed its first acquisition by snapping up specialist boat insurance provider, Craftinsure.
Blog: Market challenges make it the ideal time for brokers to digitise
Far from being a risk, digitisation is the best protection brokers can invest in to reduce the impact of market uncertainty. And Risto Rossar, CEO and founder of Insly, argues the timing could not be better given ongoing challenges from recruitment to…
FCA hammers GAP insurance as it issues general warning on high commission levels
The Financial Conduct Authority has written to insurers, calling on them to take action, as it released the latest set of fair value data and again brought the spotlight onto the issue of high commission levels.
Brown & Brown Europe to buy Occam Underwriting
Brown & Brown Europe, recently rebranded from Global Risk Partners, has signed up to buy 100% of space and terrorism specialist managing general agent Occam Underwriting.
Majority of brokers using AI on a daily basis – RSA survey
Four in five brokers are already using artificial intelligence on a daily basis – and almost half see the potential benefits, but are also aware of the challenges it poses.
Hiscox targets brokers in brand campaign
Hiscox has unveiled a nationwide brand campaign including broker-focused bespoke content for local markets.
My Perfect Broker Week: Stubben Edge’s Andrew Waring
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Andrew Waring, director of intermediary at Stubben Edge shares his thoughts.
Brokers urged to educate customers looking to save costs on insurance
Brokers should educate customers keen to cut back on premium spend as to the risky consequences they could face, according to Guy Penn trading director Mark Whiteman.
Cardiff City settles with Miller in legal action over footballer’s plane crash death
Cardiff City has settled with Miller Insurance Services after suing the broker for £10m following the plane crash death of striker Emiliano Sala.
‘Investing in small brokers’ – Clear snaps up Kent property owners’ specialist
Clear Group has snapped up Kent-based broker Miles Archer as its latest acquisition.
E-trading can thrive, but not at the expense of access to underwriters – Arch
Digital e-trading can thrive, but it can’t be at the expense of broker contact with underwriters, according to Vicky Rowley, national director of business transformation at Arch Insurance.
Markerstudy deal will deliver steroid like boost to Atlanta, says Donaldson
Ian Donaldson, Ardonagh Retail CEO and inbound Markerstudy Retail CEO, has hailed the proposed merger as being able to boost growth, product footprint and acquisitions but declined to be drawn on any interest in RSA’s personal lines business.
Greenwood Moreland lands biggest deal since JMG Group-backed MBO
Greenwood Moreland has added to its presence in Scotland with the purchase of Glasgow-based Calcluth & Sangster Insurance Brokers.
Markerstudy CEO Spencer targeting Admiral’s crown as UK’s top PL player after Atlanta deal
Markerstudy is only £301m of gross written premium away from potentially overtaking Admiral as the UK’s largest personal lines player after the £1.2bn Atlanta deal last week, according to its CEO Kevin Spencer.
My Perfect Broker Week: Atlanta Group’s Leon Carford
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Atlanta Group’s head of risk and compliance Leon Carford shares his thoughts.
People Moves: 11 – 15 September 2023
Stay in the loop with the latest personnel moves in insurance.