Networks
Cobra CEO Tedstone aims to hit £1bn by 2025
The boss of broking network Cobra has said that it has identified a pipeline of 700 potential ‘unicorns’ as it seeks new members to meet its target of £1bn of premium by the end of 2025.
Brokerbility adds A-One as member
A-One Insurance Group has joined Brokerbility, becoming the first member to sign up after the network unveiled a refreshed proposition in April.
UK Broker Awards deadline extended until 26 May
The deadline for the 2023 UK Broker Awards has been extended until this Friday (26 May), so you still have a chance to be in it to win it!
Cobra Network offers new service to brokers with Qlaims partnership
Managing general agent Qlaims has partnered with PIB-owned Cobra Network.
Starting up a broker can cost as little as £50,000 – WTW networks
Willis Towers Watson Networks believes brokers can start up for as little as £50,000.
Minimum GWP commitments divides broker opinion as MGA makes request
Aqueous Underwriting is asking brokers for a new minimum commitment in premium, promising top quality service in return.
Stubben Edge sets new goal after hitting first year AR network target
Stubben Edge is eyeing up boosting its appointed representatives network to 40 after hitting its launch goals, network director Gemma Jarrett has revealed to Insurance Age.
Brokerbility refreshes proposition to build back better
Brokerbility has launched a five-band framework as it seeks to grow its community of brokers, Insurance Age can reveal.
Momentum delivers double-digit profit and revenue growth in 2022
Appointed representatives network Momentum Broker Solutions grew revenue by 17% in 2022 to £11.69m, as profit before tax leapt 43% to £1.11m.
Ex-Marsh Commercial leader David Bruce joins Acrisure
David Bruce joined Acrisure as chief operating officer and network CEO, Insurance Age can reveal.
Ardonagh Advisory announces first new deal of 2023 with Pace Ward buy
Ardonagh Advisory has announced its first new deal of the year with the purchase of Stoke-on-Trent based broker Pace Ward and revealed it has an “impressive pipeline of M&A”.
Brokerbility teams up with Broker Insights on bespoke service for members
Brokerbility has signed up with data provider Broker Insights to deliver a bespoke platform for members, Insurance Age can reveal.
Opinion: How long have directly authorised independent brokers got left?
Lea Cheesbrough, managing director of Movo Partnership argues the appointed representative model is becoming the preferred choice for start-up brokers and increasingly popular among directly authorised firms looking to switch.
Bravo unveils ‘biggest transformation’ in broker network trading for two decades
Bravo has hailed its latest launch as “the biggest transformation” to how broker networks add value for members in the past 20 years.
Movo sets £90m target after beating 2022 goal
Movo Partnership grew from 52 appointed representative broker members and £40m of gross written premium in 2021 to 66 members and £68m GWP by the end of 2022.
Chris Haggart succeeds David Hopwood as CEO at Hedron Network
Chris Haggart, commercial director retail at Global Risk Partners, has been appointed CEO of Hedron Network.
Compass Network partners with PremFina
Compass Network, part of Bravo Networks, has partnered with premium finance provider PremFina with a three-year contract.
Ex-Lockyers boss Newall in comeback broker
Former Lockyers chairman Jon Newall is to launch a comeback broker focused on SME business.
Is it a golden age for broker start-ups, despite rising costs?
The CEO of Brokerring, Stuart Randall, recently told delegates at Broker Expo 2022 it can cost £250,000 to start-up a brokerage. Sophie Locke-Cooper explores why it is now so expensive - and whether it is proving detrimental to those seeking to go alone.
Qlaims partners with MVP and Ataraxia Network
Insurtech MGA Qlaims has partnered with MVP and Ataraxia Network to offer their brokers its claims and risk management solution.
Broker Expo 2022: £250,000 to set up a broker
It would cost around £250,00 to set up a broker from scratch these days, according to Brokerring CEO Stuart Randall.
John Dunn named MD of Brokerbility as Julie Rayson-Flynn departs
John Dunn has been appointed to the role of managing director of Brokerbility, with responsibility for leading the network as Julie Rayson-Flynn leaves after 15 years with the business.
PIB revamps top team with Amwins and Aon hires
PIB Group has promoted Ryan Brown to deputy CEO, appointed Onno Janssen as CEO for Europe, and recruited Matthew Crane as CEO for underwriting with Bernard Mageean retiring among a string of executive management changes, Insurance Age can reveal.
Movo signs agency deal with CNA
Broker network Movo Partnership has added CNA to its panel of capacity providers.