United Kingdom (UK)
Abacai CEO Mark Wilson resigns as director as DLG/M&A speculation ramps up
A trio of co-founders at private equity-backed insurtech Abacai Technologies, including former Aviva Group CEO Mark Wilson, have resigned as directors, Insurance Age can reveal.
Lockton names Shelley Wright head of UK commercial wholesale ahead of David Lee retiring
Lockton has appointed Shelley Wright as head of UK commercial wholesale joining from Swiss Re to succeed David Lee who will be retiring in the next 12 months.
Biba adds Sparkes and Chapman to board
The British Insurance Brokers’ Association has unveiled a pair of appointments to its main board and broadened access to it.
Clear unveils 10% organic growth for 2022 and £51m broker buy costs
Clear Group grew revenue by 26% to £56.7m in 2022 driven by 10% organic growth and five acquisitions.
‘A major breakthrough’ – ChatGPT bots to revolutionise broker customer service
Ignite Insurance Systems has launched a super-advanced artificial intelligence bot to answer insurance customer queries. Technology enthusiasts believe this is the start of an AI-powered chatbot revolution in dealing with customer interactions. But this…
Gallagher's organic growth hits 11%
Gallagher has posted 11% organic growth for the second quarter of 2023 in its UK & Ireland retail division.
Clear Group adds third MGA with Profile Risk Solutions buy
Clear Group has bought specialist commercial lines managing general agent Profile Risk Solutions, trading as Profile Underwriting, adding its third MGA in a month, Insurance Age can reveal.
Somerset Bridge Group turnover flat but losses narrow in 2022
Operating profit from Somerset Bridge Group’s broking arm, which includes GoSkippy and Vavista, fell in 2022 by 18% to £2.7m.
Pen spins out UK financial lines and liability arm with Manchester as chair
Managing general agent Pen Underwriting has today announced some changes to its structure, which sees Manchester Underwriting Management founder and CEO Charles Manchester become chair of a new division.
People Moves: 24 – 28 July 2023
Stay in the loop with the latest insurance personnel moves.
Foley confirms Fleming as interim Axa Retail boss
Soon-to-be Axa UK and Ireland CEO Tara Foley has revealed the appointment of her successor, naming Anna Fleming as interim Axa Retail CEO.
Tysers launches division targeting global entertainment industry
Tysers has gone toe-to-toe with Howden with the launch of Tysers Live, a new division dedicated to servicing the needs of the global entertainment industry.
Gauntlet launches ‘try before you fly’ AR option
The Gauntlet Group has launched a new ‘try before you fly’ option for people looking to become an appointed representative of the network, Insurance Age can reveal.
Former Hastings boss Neil Utley leads £2.7m insurtech investment round
Insurance data intelligence provider Percayso Inform has secured a second round of investment with a £2.7m fundraise led by industry veteran Neil Utley, and its existing venture capital investor Praetura Ventures.
Motor specialist Lucida posts second year of double-digit growth
Motor specialist Lucida Broking Holdings grew turnover in continuing operations by 28% in 2022 to £47m, according to a filing at Companies House.
Hobbs adds two senior roles as part of Allianz Commercial shake-up
Allianz Commercial has created two new senior roles following the appointment of Nick Hobbs as chief distribution officer.
Drone MGA Moonrock to target brokers after getting FCA authorisation
Drone insurance specialist managing general agent Moonrock is to up its efforts to court the broker market after receiving full authorisation from the Financial Conduct Authority today, Insurance Age can reveal.
HSB seeks to bolster broker engagement with Stacey Sheridan promotion
HSB has promoted Stacey Sheridan to network relationship manager as it looks to strengthen its broker proposition.
Interview: Chris Withers, Ecclesiastical
There is disruption in the schemes market and Ecclesiastical is taking advantage, says Chris Withers. Investment is being ploughed into its schemes, an important part of the insurer’s growth plans.
Lloyd & Whyte confirms 2022 deals spend
Lloyd & Whyte struck six deals in 2022 as turnover grew to £28.4m.
Only 32% of SME brokers understand ESG aims – CII research
Fewer than a third of staff at small brokers understand the environmental, social and governance (ESG) goals of their firm, according to the research from the Chartered Insurance Institute.
WTW takes Lucy Clarke from Marsh as risk and broking president
WTW has swooped for Marsh’s Lucy Clarke as its new president of risk and broking.
PIB reveals £506m spend in 2022 as revenue hits £345m
PIB Group upped its merger and acquisition spending to £506.2m in 2022, as it snapped up 23 businesses with considerable expansion into Europe.
Aston Lark posts growth and deal costs including for Reich and UKGlobal
Aston Lark grew revenue by 22% to £84.5m in the year to 30 September 2022.