United Kingdom (UK)
MGA aims for European growth following management buyout
OneAdvent has completed a management buyout led by managing director Tim Quayle.
Mulsanne blames poor performing schemes and inflation for latest solvency issues
Mulsanne Insurance Company has admitted speaking to its regulator the Gibraltar Financial Services Commission about solvency capital requirement issues for the second time in four years, Insurance Age can reveal.
Zurich grows graduate programme
Zurich UK has increased its number of graduate opportunities for 2023 while creating new “green graduate” roles in the renewable energy space.
Direct Line customers in line for £30m refund as insurer reviews past pricing in regulatory first
Direct Line has agreed to a voluntary review of previous home and motor insurance pricing having charged some customers more for their renewal than they would have done if they were a new customer, the Financial Conduct Authority has confirmed.
Canadian brokers praise ‘fantastic leader’ Storah ahead of move to become Aviva UK CEO
UK and Irish insurance brokers can expect their new local Aviva CEO to be an ‘enabler’ who ’understands the importance of strong broker relationships,’ according to their counterparts in Canada.
People Moves: 29 August – 1 September 2023
Stay in the loop with the latest insurance personnel moves.
DR&P Group confirms MGA addition in annual results
Private equity-backed broker holding company DR&P Group added a managing general agent to its roster in 2022, buying 80% of MGIC Holdings, the business has confirmed in its annual results.
Ageas posts 25% growth from ongoing UK business
Personal lines broker-focused Ageas grew its ongoing UK business by 25% in the first half of the year to €651m (£558m).
Opinion: Unlocking broker growth through consolidation
Private equity has a long and successful history of driving success in the insurance sector through consolidation. Inflexion partner and head of financial services Andrea Bertolini shares his thoughts on partnerships between firms and investors.
Brokers urge new Aviva boss Storah to focus on empowerment
Incoming Aviva UK & Ireland GI boss Jason Storah has the chance to build on “solid” foundations and push ahead to deliver more empowered decision-making in the regional market, according to brokers.
Turnover tops £10m at Premium Choice as profits surge in 2022
Wolverhampton-based broker Premium Choice has posted 6.5% growth in turnover for 2022 to £10.03m and rising profits, with a forecast of a further boost in 2023.
Aviva Canada CEO Jason Storah to replace Winslow as UK and Ireland boss
Aviva has appointed Jason Storah as CEO of UK & Ireland General Insurance.
Direct Line takes Adam Winslow from Aviva as group CEO
Direct Line Group has swooped for Aviva’s UK & Ireland GI CEO Adam Winslow as its new chief executive.
Kingfisher snaps up Shepherd Compello motorsport book
Kingfisher Insurance has bought the motorsport book of Lloyd’s broker Shepherd Compello.
Aqueous launches solicitors’ excess layers product
Managing general agent Aqueous Underwriting has secured A+ rated capacity for solicitors on an excess layer basis only, a move it said responded to broker demand in an “underserviced” market.
Aston Lark buys Curtis Marine
Howden-owned Aston Lark has bought Plymouth-based marine insurance broker, Curtis Marine.
Biba, ABI and government renew age signposting insurance agreement as enquiries top one million
The British Insurance Brokers’ Association has confirmed the renewal of the signposting agreement with the government and the Association of British Insurers to help older people find car or travel cover.
Zurich UK hires head of mid-market
The provider has promoted Morgan Lyons to head up its mid-market business division.
Clive Buesnel exits Tysers following sale to AUB Group
Tysers has announced that Buesnel, who became CEO of the business in June 2020, is set to leave at the end of August.
People Moves: 14 - 25 August 2023
Keep up to date with the latest personnel moves in insurance.
Convex-backed Skyrisks partners with Quotech for air mobility product launch
Managing general agent Skyrisks has teamed up with technology platform developer Quotech to launch insurance cover for the advanced air mobility sector.
Gareth Hemming to join Hiscox UK
Insurer has named Gareth Hemming as its new chief distribution officer for Hiscox UK.
Motor broker Verex Insurance Services enters into administration
Car Care Plan has bought the assets of both Verex Insurance Services and its appointed representative Verex Assistance.
Partners& expands into Kent with broker buy
Partners& has bought East Malling-based broker NexGen Insurance Solutions for an undisclosed sum.