United Kingdom (UK)
Partners& adds two brokers
Partners& has bought Weybridge-based Richard Thompson Insurance Brokers and Leicestershire-based Regent Healthcare, Insurance Age can reveal.
Policy Expert reveals recruitment drive
Personal lines insurtech Policy Expert has confirmed plans to add 26 people across its technology, customer services and operational divisions.
Biba cancels CBI membership amid misconduct allegations
The British Insurance Brokers’ Association has confirmed to Insurance Age that it has cancelled its membership of the Confederation of British Industry amid allegations of sexual misconduct directed at senior CBI staff.
Verlingue to open Birmingham office in growth push
Verlingue has revealed plans to open an office in Birmingham by the summer as part of its strategy to expand in the Midlands and South West of England.
Brokerbility refreshes proposition to build back better
Brokerbility has launched a five-band framework as it seeks to grow its community of brokers, Insurance Age can reveal.
Covéa jobs at risk amid £145.5m loss
Covéa has been hit by an ‘unprecedented’ series of events leading to a £145.5m loss in 2022.
Momentum delivers double-digit profit and revenue growth in 2022
Appointed representatives network Momentum Broker Solutions grew revenue by 17% in 2022 to £11.69m, as profit before tax leapt 43% to £1.11m.
Aviva still weighing up Lloyd’s re-entry as part of GCS strategy
A Lloyd’s market re-entry is still under consideration by Aviva, according to its CEO of UK & Ireland general insurance, Adam Winslow.
People Moves: 10 - 14 April 2023
Stay in the loop with the latest personnel moves in insurance.
Broking Success: Spotting a gap in the market
James Noble, CEO of My First, details how he started the broker because he noticed a gap in the motor market for first time drivers who needed guidance when searching for the right cover.
Lloyd’s joins Biba as a partner
Lloyd’s has become the 21st partner of the British Insurance Brokers’ Association.
Ecclesiastical urges brokers to help HNW clients protect their home offices
Ecclesiastical has warned that with rising inflation and the cost of living crisis, wealthy individuals and their home offices are prime targets for criminals, and has urged brokers to speak with clients about how best to protect themselves.
Is the MGA motor market braced for casualties amid a perfect storm?
Motor MGAs are suffering as they battle high claims inflation and tougher reinsurance conditions. With more players expected to exit standard motor, Saxon East asks if there is any way the market can navigate this tough terrain?
NFP snaps up Gravity Risk Services
Acquisitive broker NFP has bought Gravity Risk Services for an undisclosed sum.
Menopause: What progress is the insurance sector making?
Menopause is becoming an issue where more and more insurance firms are raising awareness, offering staff support and embracing progressive policies. But how far have we really come? asks Saxon East.
Cowbell enters UK cyber market targeting SME brokers
US cyber specialist Cowbell has entered the UK market with plans to sell its products exclusively through brokers.
Markerstudy chief outlines challenges over salary expectations and broker telematics
Mike Wall, Markerstudy head of non-standard, described the challenges facing its telematics brand Smart Driver Club Insurance in a very competitive market.
PFS launches independent governance review amid “current challenges” with CII
The Personal Finance Society revealed an independent governance review just months after the Chartered Insurance Institute seized control of its board.
Ex-Marsh Commercial leader David Bruce joins Acrisure
David Bruce joined Acrisure as chief operating officer and network CEO, Insurance Age can reveal.
People Moves: 3 – 6 April 2023
Stay in the loop with the latest insurance personnel moves.
FCA proposes 10.4% hike to broker fees block
The Financial Conduct Authority is poised to raise fees for the general insurance mediation pot where brokers sit to £34.7m for 2023 to 2024, as its budget rises to £684.2m, including a £5.3m Consumer Duty cost.
The Needham Group buys PJ Insurance Brokers
The Needham Group has bought PJ Insurance Brokers, adding £2.5m gross written premium to the firm and taking its GWP total to more than £12m.
ABI names Mervyn Skeet director of general insurance policy
The Association of British Insurers has confirmed Mervyn Skeet as director of general insurance policy having held the post on an interim basis since December 2022.
Interview: Eddie Hooker, Hamilton Fraser
Hamilton Fraser founder Eddie Hooker wants his broker to continue building digital excellence in commercial lines. He talks to Saxon East about the broker's beginnings, GRP's ownership, and plans for the future.