Commercial
Accredited downgrade threat on hold as R&Q agrees $465m sale to Onex
R&Q Insurance Holdings has entered into a conditional agreement with Canadian investment business Onex Corporation to sell 100% of the equity interest in its front business Accredited.
Markel takes 49% stake in specialist MGA
Markel has announced a 49% strategic investment in Certa, the specialist tax managing general agent.
Abbey boosts profits by 15% in 2022
Abbey Insurance Brokers, which trades as AbbeyAutoline, grew post-tax profit by 15.2% to £2.6m in 2022, with turnover also rising.
Biba delivers fair value assessment framework
The British Insurance Brokers’ Association has launched a fair value assessment framework, after the Financial Conduct Authority took aim at brokers in its review of flat insurance costs.
Premier Choice completes 10th deal under Brown & Brown ownership
Premier Choice Healthcare, the health insurance arm of Brown & Brown Europe, has bought 100% of the share capital of Brighton-based intermediary, Healthcover.
Aviva bulks up team with three more Zurich hires
Aviva has expanded its SME and distribution teams with three hires from Zurich and a promotion, as it revealed that Michelle Taylor will start ahead of schedule on 5 December.
Prosura makes first broker buy
Wakefield-based Prosura has struck its first deal, buying First Stop Insurance Brokers in Sheffield, Insurance Age can reveal.
Double digit profit rise at Kelliher in 2022 as turnover ticks up
Kelliher Insurance Group boosted post-tax profit by 11.5% in 2022 to £868,137.
Headline makers – October 2023
The hottest stories from 1 to 30 September.
Ecclesiastical teams up with Iprism on digital platform for brokers
Ecclesiastical and managing general agent Iprism have launched a digital platform providing cover for smaller not-for-profit organisations operating in the charity, education and faith sectors.
Brown & Brown buys two in Northern Ireland
Brown & Brown (Europe) has bought claims management firm Davison & Associates (NI) and insurance consultancy business Davison Lamont in Northern Ireland through its hub ABL Group.
Theo Duchen, Lea Cheesbrough, Partners& and Marsh win big at UK Broker Awards 2023
Hailed as “a true technology entrepreneur”, Theo Duchen, co-founder of Acturis, pictured, won the Achievement Awards at the 2023 UK Broker Awards last night at the VOX, NEC, Birmingham.
Broker Expo 2023: Broker acquisition prices flattening – Jensten CEO Hardie
Prices have flattened this year on broker acquisitions, according to a panel of some of the country’s top broker bosses.
Peach PI targets doubling with brokers through wider schemes growth
Peach PI is aiming to double the number of niche schemes and brokers it deals with, CEO Russell White confirmed to Insurance Age.
Zurich confirms Jacqui Kelly as head of sales and distribution
Zurich UK has confirmed Jacqui Kelly as its permanent head of sales and distribution having held the role on an interim basis since July.
Video Q&A: Rob Carslake, head of event insurance, Hiscox UK
As events rebound in number and scale post-Covid Rob Carslake, head of event insurance, Hiscox UK, caught up with Insurance Age content director Jonathan Swift to discuss the opportunities for brokers.
Interview: CEO Phil Barton on why Partners& is an “antidote to the worst practices in the market”
Having posited the notion that it was an ‘anti-consolidator’ on launch in 2020, Partners& CEO Phil Barton puts forward the case to Jonathan Swift that it has lived up to its lofty ambition.
Seventeen Group boosts turnover 19% but swings back to loss in 2022
Seventeen Group has posted a £1.59m post tax loss for 2022 reversing a profit of £196,199 the year before.
Interview: Mike Bruce, CEO of Brown & Brown Europe
Mike Bruce, last month appointed CEO of Brown & Brown Europe, recounts the consolidator’s acquisition by the US broking giant just over a year ago when it was known as GRP.
Open GI extends into commercial with Ark tradesperson cover
Open GI has partnered with Ark Insurance Group to add a tradesperson offering for brokers and further extend its commercial lines panel.
Top 100 UK Insurance Brokers 2023: Introduction
Welcome to the Top 100 UK Insurance Brokers, which Insurance Age has put together for a second year running with the help of Insuramore.
Optimism among brokers as Birmingham diversifies from manufacturing into booming new industries
The insurance sector in Birmingham is full of activity and has a bright future, according to experts who work in the area, as Ida Axling discovers.
Profile – David Martin, Aviva: Taking action
With two new trading sites on the horizon, more underwriters and authority in the regional network, a record number of apprentices and increased use of artificial intelligence, Aviva leader David Martin is bullish about pushing ahead with brokers.
Patons expands into professional drivers market
Taxi specialist Patons Insurance has enlarged its portfolio, adding professional drivers to the roster as it looks to grow nearly 50% in the next three years.