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Covéa more than doubles profit in 2025
Post-tax profit at Covéa Insurance soared to £72.4m in 2025, more than doubling from £32.9m the year before when it swung back into the black after years of losses.
Geo partners with Intact on marine capacity
Geo Underwriting has entered a capacity partnership with Intact Insurance for the next phase of the Ardonagh-owned MGA’s specialist marine trade offering.
Seventeen Group buys £13m GWP broker
Seventeen Group has bought Shrewsbury-based commercial broker 1st Choice Insurance in its third deal of the year.
First Senior picks Peach for specialist mobility and warranty scheme capacity
Peach has agreed a deal with First Senior Insurance to be the exclusive capacity provider for its core mobility insurance and extended warranty products.
FCA warns on fake letters
The Financial Conduct Authority has warned of fake letters claiming to be from deputy CEO Sarah Pritchard and referencing a fake FCA employee.
Ex-Marsh UK CEO Lay joins Ardonagh
Ardonagh has added former Marsh UK CEO Chris Lay as operating partner of Ardonagh Capital Partners, joining the group executive and working across the firm’s portfolio of companies.
Flock moves into haulage fleet with Admiral backing
Flock has launched a haulage fleet product in its first market expansion since Admiral Group signed up to buy the data-driven fleet insurance specialist.
Ripe gears up for growth more than doubling Greater Manchester office footprint
Digital managing general agent Ripe has upgraded from a 60 seat office to a larger workspace that can accommodate 150 staff, reinforcing its commitment to Greater Manchester.
Blog: How to pick the right acquirer in a crowded broker M&A market
Despite talk of a potential end on the horizon to consolidation in the insurance sector, Capital & Trust’s Jon Whiteley argues there is still activity with a shift of focus towards smaller transactions. And with many acquirers still to pick from, the options for sellers remain considerable, although a little daunting.
Insight
Interview: TBIG CEO Chris Haggart on unlocking the ambition
“The strategy is not being ripped up and rewritten,” TBIG CEO Chris Haggart tells Insurance Age, as with the “foundations laid” it’s about executing at scale to unlock the ambition.
Blog: Is an AR boom incoming?
As the number of independent brokers reduces year on year, is the appointed representative model the way forward to bolster competition in the market following years of consolidation? Rosie Simms ponders the question.
Meet the MGA: Kovrilo co-founder and commercial director Sonia Habib
Kovrilo co-founder Sonia Habib speaks to Jonathan Swift about how its use of technology, adherence to claims excellence and a pick n’ mix modular approach means the start-up MGA is much more than just another commercial combined player.
The stats: Commercial rates continue to fall in Q4 2025
The latest Acturis Commercial Broking Index confirms softer market conditions, as negative movements in Q4 led to rate stabilisation for the full year and put a stop to a six-year growth period. Ida Axling reports.
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Blog: How to pick the right acquirer in a crowded broker M&A market
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