United Kingdom (UK)
‘Disappointing’ – brokers react to Zurich personal lines broker exit plans
Brokers have expressed disappointment at Zurich’s plans to exit personal lines motor and home on broker panels.
Markerstudy investor Pollen Street gets PRA approval for Tradex deal
Markerstudy’s owner Pollen Street Capital has completed the delayed purchase of motor trade and taxi specialist insurer Tradex after getting the greenlight from the Prudential Regulation Authority, Insurance Age can reveal.
RSA slips to half-year loss
RSA Insurance Group has reported a £9m post-tax loss for the first half of 2023, slipping into the red after a profit of £192m in the same period last year.
MGA Eaton Gate targets “next stage of growth” with SiriusPoint capacity
MGA group Eaton Gate has announced a new partnership with SiriusPoint, the specialty insurer and reinsurer.
Swindle targets doubling Ardonagh UK commercial MGA in three years
Ardonagh’s UK Commercial MGA CEO Jaime Swindle is targeting doubling the size of the business in the next three years taking it into the region of £500m gross written premium.
Howden’s Dual swoops for bloodstock MGA
Dual has bought David Ashby Underwriting, a specialist bloodstock and high-value sports horse insurance managing general agent.
Aviva expands appetite to boost sustainable building projects
Aviva has expanded its underwriting appetite to include engineered timber in commercial developments following a pilot, which saw it working with a handful of developers on sustainable building projects.
My Perfect Broker Week: MyFirst’s James Noble
To tie in with the first-ever UK Broker Week we asked our speakers to outline what their perfect working week would look like. Here are the responses from James Noble, the CEO and founder of MyFirst.
MGA-backer Bridgehaven secures A- rating from AM Best
Bridgehaven CEO Paul Jewell has hailed the business securing a high level rating from AM Best.
Ardonagh’s UK commercial MGA adds ex-Aviva leader Jackman as sales director
Former director of regional brokers, strategy and propositions at Aviva, Karen Jackman, has joined Ardonagh’s UK commercial MGA as sales director, Insurance Age can reveal.
People Moves: 31 July – 4 August 2023
Keep up to date with the latest personnel moves in insurance.
‘A fairly broad risk appetite’ – Bridgehaven boss eyes MGA capacity deals in the UK
The CEO of fronting start-up Bridgehaven Insurance, Paul Jewell, says his team has the appetite to write a wide range of commercial specialty business for managing general agents in the UK.
Verlingue boosts employee benefits division with Brunsdon buy
Verlingue has snapped up Gloucester-based Brunsdon Employee Benefits, extending its sector capabilities in the SME and mid-corporate market.
Ardonagh buys Sorvio to add to Ethos Broking
Ardonagh Advisory has bought Sorvio Insurance Brokers, a commercial broker servicing clients in the South West of England.
AA Insurance Services switches to CDL from inhouse legacy system
AA Insurance Services has gone live on CDL Strata, kicking of a phased programme to migrate about two million car and home policies, Insurance Age can reveal.
GRP enters pet market as it bolsters digital broker Insync with deal
Global Risk Partners has moved into the pet insurance market buying Petsmedicover, trading as VetsMediCover.
What next for Mark Wilson after Abacai exit?
Despite his departure from insurtech Abacai, Mark Wilson has talked previously about the need to disrupt the insurance status quo going back to his days as group CEO of Aviva. Based on the assumption this exit is just a blip in that mission, Jonathan…
Opinion: From AI to ChatGPT - adapting cover to match the ever-evolving cyber risks
The technology and telecommunications sector is far from immune to cyber attacks, says Mark Armstrong, class manager technology at CNA Hardy, as he explains how the constantly evolving world of technology is attracting the attention of cyber hackers.
Aon expands with ex-Aviva and Ardonagh leader Graeme MacMillan
Aon has named Graeme MacMillan as chief broking officer for Commercial Risk Solutions in the UK, starting in the newly created role on 1 November.
MGA bolsters team following resignations amid Ardonagh staff interest
Managing general agent Mercia Underwriting says it has bolstered the team after a number of staff resigned from positions.
Flood Re names Bridget Rosewell as chair to succeed Mark Hoban
Flood Re has appointed Bridget Rosewell as non-executive director and chair-designate to succeed outgoing Mark Hoban, taking up the chair post at the end of September.
Dayinsure’s Barry Bown made Abacai group CEO after Wilson exit and job cuts
Barry Bown, boss of Abacai Technologies owned-Dayinsure, was promoted to group CEO after the departure of his predecessor Mark Wilson, Insurance Age can reveal.
HDI recruits new director of underwriting and cyber lead from Chubb
HDI Global has made several senior appointments in its UK & Ireland branch, including a new director of underwriting, Antonia Osborne.
UK commercial hardening drops to 1%
Insurance pricing in the UK commercial market rose by only 1% in the second quarter of 2023, according to Marsh, its lowest rate since Q4 2018.