High Net Worth (HNW)
Aviva enters exclusive discussions to buy Azur’s HNW operation
Aviva has opened exclusive negotiations with specialist managing general agent Azur Underwriting to buy its high net worth personal lines business in the UK and Ireland.
Allianz puts Home & Legacy up for sale
Allianz is exploring options for Home & Legacy which could include a sale with high net worth not being seen as a core strategy for the current owners, Insurance Age can reveal.
McClarrons opens in Hull
The independent broker has set up a branch in Hull adding to its Malton headquarters.
Howden buys SPF Private Clients
Howden has signed-up to buy SPF Private Clients for an undisclosed sum, subject to regulatory approval.
Iprism posts increased profit in run-up year to MBO
Iprism Underwriting Agency has reported a 9.7% increase in profit for the year ended 30 June 2021.
Blog: Time to check watch valuations
Tim Belson, of Prestige Valuations, says the skyrocketing value of some luxury watches can cause a problem for insurance brokers but solutions are at hand to keep cover at the right amount.
Miller claims first for HNW platform
Miller stated that the offering will begin by focusing on buildings and contents insurance.
Aviva UKGI reports £318m operating profit
This is up from £182m in 2020 as the business also flags GWP of £4.9bn, up from £4.6bn in the previous year.
Broking Success: Servicing the super-rich
Sameer Mirza, General Insurance Brokers director, emphasises that reputation goes a long way when it comes to servicing billionaires as he tell us all about working in the ultra-high-net-worth world.
Aviva to boost underwriting team in move to invest in regional brokers
Chief distribution officer Gareth Hemming says the provider is initially planning to increase the size of its underwriting team in the regions by 10%.
Video Q&A: Hiscox's Andrew Cheney on underinsurance in HNW
Andrew Cheney talks to Insurance Age about the dangers of underinsurance in the HNW property arena and what brokers can do to help.
Ascend Broking buys SMP Healthcare
Ascend has set its sights on achieving £22-£25m in GWP over the next 24 months and flagged that a further three deals are in the pipeline.
Thomas Carroll buys Cardigan broker
Delwyn Griffiths has joined the independent insurance broker.
Aston Lark buys Absolute Products in 24th deal of the year
Latest acquisition comes after it was announced that Howden is to buy the consolidator, creating a £6bn GWP giant.
Prestige Valuations unveils jewellery pricing tool for brokers
The firm says the software can provide instant valuations for brokers to help them determine whether items are underinsured.
Beazley launches cyber policy for luxury yachts
According to the provider, the cover is designed to protect against physical damage, loss of access, threat and ransom of the vessel and offers a 24-hour claims hotline for its policy holders.
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GRP’s Gauntlet targets £25m in GWP
The business acquired Three Sixty for an undisclosed sum earlier this year.
“Best result in a decade” for Aviva GI
Focus on simplification, digitisation and broker relationships drives growth for the insurer.
Private client MGA launched
Hoxton Insurance Services trades exclusively through brokers and is backed by Hiscox.
Brokers say incoming Hiscox CEO will need to tackle reputation issues following BI row
Experts note Bronek Masojada, who is stepping down as Hiscox group CEO later this year, has built a business focused on quality, but some want to see a stronger broker focus as they say successor Aki Hussain's challenge will be to "win back the trust" of…
Gauntlet buys Three Sixty in first deal under GRP ownership
Three Sixty is based in Bolton and is a specialist private client broker.
Hiscox takes from RSA for head of art and private client role
Cheralyn Perry, most recently partnerships director at RSA, takes the newly created position.