Networks
News analysis: Acquisitional independent brokers are on the rise, but are they any different to consolidators?
Whilst larger international and private equity backed-brokers might get the most headlines when it comes to mergers and acquisitions, they are not the only firms looking to buy. Martin Friel looks at the emergence of a host of smaller independent companies which are looking to supplement their organic growth with the odd dabble into M&A.
Gauntlet launches AR proposition for returners
The Gauntlet Group has launched an appointed representative proposition for broker returners, Gauntlet Phoenix.
“Nobody came close to AUB” – CEO Cheesbrough on Movo’s new investor
The Movo Group is looking to create larger broking hubs and kickstart its directly authorised network Fusion after AUB took an 80% equity stake, according to Lea Cheesbrough, Movo Partnership CEO.
Momentum investor AUB takes 80% stake in Movo Group
Australian broking giant AUB Group has agreed to acquire an 80% equity stake in the Movo Group of Companies.
Acrisure reveals top team at Eleven Network after senior departures
US broking consolidator Acrisure has moved to put in place a new leadership team at its Eleven Network arm, following a raft of senior departures as first reported by Insurance Age.
Senior quartet depart Acrisure-owned Eleven Network
Four senior directors have resigned from the Acrisure-owned Eleven Network it acquired 14 months ago, Insurance Age can reveal.
Moonrock boss on doubling broker base since MGA switch one year ago
Moonrock Drone Insurance has upped its broker engagement in its first year as an MGA, with a network hook-up, agriculture sector expansion and test flights for passenger drones all part of the equation, boss Simon Ritterband tells Insurance Age, and…
UK Broker Awards 2024 shortlist announced
Today Insurance Age can reveal the shortlist for the 2024 UK Broker Awards.
Gauntlet sees first graduate of Broker Builder and ARs joining from other networks
Gauntlet managing director, Roger Gaunt, told Insurance Age he is “frustrated” with the number of account executives that have joined its Broker Builder but highlighted the number of appointed representatives switching from other networks.
AUB boss looks to leverage scale as it invests in Momentum
Howard Pepper, founder and managing director of Momentum Broker Solutions, is “excited” by access to the London market through Tysers, after Sydney-based owner AUB signed up to buy a 40% stake in the appointed representatives network.
AUB takes 40% stake in Momentum
Tysers owner AUB Group has signed up to buy a 40% equity stake in appointed representatives network Momentum Broker Solutions, subject to regulatory approval.
Welsh broker strikes another deal
Abergavenny-headquartered FR Ball Insurance has acquired Howells Insurance in Llantwit Major.
Broker Insights unveils new CEO as founder Edmond becomes president
Data analysis specialist Broker Insights has changed its leadership team, in a move it hopes will help accelerate UK growth and expansion in the US.
Eleven Network launches directly authorised offering with 125 members target
Acrisure-owned Eleven Network has launched an offering for directly authorised brokers, delivering on a promise made after the deal for appointed representatives specialist Ten.
Biba 2024: Work from home being used as a ‘bargaining chip’ in luring broker talent
Work from home is being used as a ‘bargaining chip’ in the war for talent, said broker boss Shona Robertson.
Movo to launch network for directly authorised brokers
Movo will launch Movo Fusion, a network for directly authorised brokers, in the coming months with a pilot starting on 1 June Insurance Age can reveal.
Movo weighing up options for investment partner
Movo Investment Group has been holding talks with potential investors as the appointed representatives network, technology and broker owner positions for growth, Insurance Age can reveal.
Bravo strikes MGA deal to offer members drone cover
Bravo Networks has teamed up with MGA Moonrock Drone Insurance to offer its members cover for this growing sector.
Imarket grows to five live broker systems with Bravo Digital Trader
Polaris has added Bravo Digital Trader as the fifth broker system to use imarket, joining its portfolio of Acturis, Applied, Open GI and SSP.
Hedron CEO Haggart eyes-up offering branded products
Chris Haggart, CEO of Hedron, intends to offer branded products drawing on the strength of the partnership with Broker Insights it entered into last year.
Jensten to invest £1m in fledgling brokers through Coversure
Jensten Group will invest up to £1m to help 15 people to start their own brokers this year, with investments made through Coversure.