Commercial
People the number one priority for Axa Commercial CEO Jon Walker
“People are the only true differentiator that any of us have in the marketplace,” according to CEO of Axa Commercial, Jon Walker.
Atec tops 300,000 policies as turnover nears £20m in drive to double
Atec Group, which includes wholesale B2B property specialist Ceta Insurance and managing general agent Arkel, has revealed 34% organic growth in turnover – a record for the business.
Pen takes box at Lloyd’s
Pen Underwriting has taken a box at Lloyd’s, which will be staffed initially with a marine team ahead of diversifying into complementary products and other lines.
Tim Coles named CEO of Brown & Brown’s European wholesale operations
Tim Coles has been promoted to the newly created role of CEO for the European operations of Bridge Specialty Group, Brown & Brown’s wholesale broker segment.
PSC confirms profit, Turner Rawlinson bill and latest buy
Australian-owned consolidator PSC Holdings UK has revealed a post-tax profit of £795,000 for retail broking, alongside a £6m bill for buying Turner Rawlinson and a further deal in 2023.
The stats: Q3 hit by rocketing property owners and fleet rates
The latest figures from Acturis show that commercial insurance premiums continue to rise, resulting in an increasingly challenging environment for brokers and their clients, reports Rachel Gordon.
CFC extends cyber cover for professional services firms
Cyber insurance provider CFC has upgraded its packaged insurance policies for professional services businesses in a move it claimed could be a “game changer” for SMEs that cannot afford standalone cyber cover.
TH March grows again, but profits edge down
Specialist jewellery broker TH March grew turnover by 4.7% to £9.68m in the year to 31 March 2023, building on a 9.6% rise the year before.
Dickson & Co buys Kerr Group
Dickson & Co has added Kerr Group to the business – its latest deal in a series of acquisitions and expansions as part of its £7m investment.
Martyn’s Law to usher in new era of terrorism risk mitigation and management
New legislation aimed at protecting premises from terrorism attacks might be thin on detail. But brokers need be prepared to assess how it will impact their clients over the coming months, as Edward Murray discovers.
Allianz fleet head: hard market not going away soon
Property owners’ cover is the largest mover in this quarter’s Acturis Commercial Broking Index, which shows rates are up by 11.3% over the previous 2022 quarter.
World Cup 2022 linked to rise in injury severity, claims Howden
The 2022 men’s World Cup in Qatar [20 November to 18 December] resulted in an overall increase in injury severity for players in Europe’s top five leagues.
Ex-Covea boss Callan returns to broking with Brown & Brown
Brown & Brown Europe has appointed Carolyn Callan as a managing director of its Retail Division.
Energy and growth key to Romero deal, says AssuredPartners boss
AssuredPartners stands ready to help push the Yorkshire-based firm on its growth journey, says UK & Ireland CEO.
Blog: As Amazon ramps up drone deliveries, brokers should take note
Amazon’s foray into drone deliveries is creating an insurance market brokers should not ignore, according to Moonrock founder and MD Simon Ritterband.
Parametric climate risk insurer Arbol launches UK MGA
US-based parametric climate risk specialist Arbol has expanded internationally by launching a new, London-based managing general agent.
Aviva personal lines jumps in Q3 but UK insurance COR grows
Aviva has reported a 20% boost in UK personal lines to £2.15bn, as commercial lines also rose to £2.39bn from £2.15bn in Q3 2022.
Direct Commercial launches broker portal for commercial motor market
Direct Commercial has launched its portal giving brokers more functionality and accessibility to the MGA’s services.
AssuredPartners buys again in South West with Atom
AssuredPartners has bought Somerset-based Atom Insurance Brokers.
Ex-broker among 10 arrested in police crackdown on commercial insurance fraud
Ten people have been arrested across the country, and 18 vehicles seized during a two-week police operation to tackle commercial insurance fraud.
Aspen unveils UK construction sector wellbeing product
Aspen Insurance has unveiled Construction Wellbeing to support the rising challenges associated with the mental health of employees working in the UK construction industry.
Chubb rebrands division alongside media product launch in UK
Chubb has launched a media insurance product for clients in the UK, and rebranded its existing UK technology industry practice as the technology and media practice to reflect its new focus.
Pen launches TMK-backed IP cover in UK
Pen Underwriting has rolled out an intellectual property insurance proposition backed by Tokio Marine Kiln, which is aimed initially at UK businesses.
Romero ready to roll forward after AssuredPartners deal, says MD
Romero has found a “great” new home, and is ready to continue its growth journey under the new ownership of AssuredPartners, having doubled in size over the past five years.