wholesale
SRG names ex-Lockton and Marsh boss Nimmo as first UK CEO
Specialist Risk Group has recruited Neil Nimmo as its first CEO – UK, effective immediately.
FCA to cut “clunky interactions” as it drives digitisation
The Financial Conduct Authority is focused on cutting “clunky interactions”, with a key move being the digitisation of forms, according to Sheree Howard, FCA executive director of authorisations.
H.W. Wood rebrands to HWS Specialty after sale to Steadfast
London-headquartered specialist wholesale broker H.W. Wood has rebranded to HWS Specialty after being snapped up by Steadfast Group.
Granite to roll out broker portals and enhanced trading platform
Acorn’s Granite Underwriting will launch broker portals in the next few months as one part of an ongoing group investment in technology with Acturis-owned ICE, Insurance Age can reveal.
Schemes growth planned as Brokerbility MD Dunn given group role at Clear
Brokerbility managing director John Dunn has been handed a new broader remit as part of the parent Clear Group’s efforts to grow its schemes business.
Liiba seeks to quantify London brokers value to global economy
A trade body has launched a project to quantify the monetary value of London’s brokers to the global economy.
Review of the Year 2024: Acrisure UK’s Mark McIlquham
Mark McIlquham, CEO of Acrisure UK, expresses disappointment at high-quality independent intermediaries selling to consolidators; still thinks a big insurer might snap up a broker; and reckons his children would take delight in watching him take part in…
The stats: Q3 2024 – Return to growth across the board
Growth in average commercial lines premiums has picked up again in the third quarter of 2024, following a slow-down in the first half of the year, according to the latest Acturis Commercial Broking Index. Ida Axling reports.
Bridge launches wholesale division with new recruits
Bridge Insurance Brokers is launching a specialist wholesale division for real estate business to work with third-party brokers.
SRG adds Essex-based business as latest buy
Specialist Risk Group has acquired Essex-based One Claim Limited.
Brown & Brown’s Bridge integrates wholesale broker brands for international launch
Bridge Specialty Group, Brown & Brown’s wholesale broker segment, is to bring its London-based businesses Lonmar Global Risks, Decus Insurance Brokers and BdB under Bridge Specialty International.
Lloyd’s wholesale broker H.W. Wood sale confirmed
H.W. International has struck a deal to sell H.W. Wood to Steadfast Group, a general insurance broker network and underwriting agency group in Australasia and owner of one of the largest agency networks in the US.
Wholesaler seals second capacity deal in a month
Addept Insurance Services has sealed a capacity deal with The Salvation Army General Insurance Corporation for the firm’s new dedicated tenant pet damage protection insurance for landlords, called Not for Lions.
People Moves: 28 October – 1 November 2024
Follow the latest insurance personnel moves.
Clear grows southern presence with £50m GWP A-One purchase
In a busy week of acquisitions, Clear Group has announced the acquisition of top 100 ranked broker A-One Insurance Group.
Clear seals largest deal with £76.2m “transformational” swoop for Lloyd’s broker
Clear Group has entered the wholesale Lloyd’s broker space with what it has described as the “transformational deal” for Lilley Plummer Risks - a marine and property specialist.
Addept signs distribution deal to bolster broker landlord offering
Addept Insurance Services has today announced an exclusive broker distribution deal with Title Guardian, a 24/7 digital anti-fraud property and identity monitoring tool.
Markerstudy confirms motor specialist Collingwood buy
A spokesperson for Markerstudy Group has confirmed that backer Pollen Street Capital, in conjunction with Markerstudy, has agreed to buy Gibraltar-based Collingwood Insurance Services.
Markerstudy reveals £63m Clegg Gifford purchase bill
Markerstudy has confirmed it spent £63.63m on snapping up Clegg Gifford Holdings and its subsidiaries last year.
Addept Insurance boosts capacity for double product launch
Addept Insurance Services has partnered with Ortus Underwriting with underwriting capacity provided by Great American International Insurance (UK).
Bob Pybus named CEO of AUB UK Retail
Industry stalwart Bob Pybus has been appointed CEO of AUB UK Retail, with Tom Wilson leading wholesale broking as CEO of Tysers.