Articles by Rosie Simms
Admiral completes RSA direct home and pet insurance deal
Admiral Group has completed the purchase of RSA direct home and pet insurance renewal rights for £82.5m.
Beazley Digital’s Fantozzi: SMEs need to be alert to cloud-based cyber exposure
Small businesses face a growing threat of cyber-attacks as they move more services to the cloud, according to Ian Fantozzi, CEO of Beazley Digital.
TBIG ups stake in PHP Insurance to 80%
The Broker Investment Group has increased its investment in Macclesfield-based chartered insurance broker PHP Insurance to 80%.
People Moves: 25 – 28 March 2024
Keep up to date on the latest personnel changes in insurance.
Ajay Mistry launches insurance broker
Ajay Mistry has launched Mode Insurance to provide flexible cover for self-employed and freelance creatives, as well as small businesses in the creative sector.
Law firm closures due to lack of PI slows down
A total of 34 law firms closed due to lack of professional indemnity insurance in 2022/23 up to the end of October, the lowest level since 2018/19.
Broking Success: Embracing technology
Mark Thomas, founder of Compare Insurance, is looking to harness the power of technology even further to continue the pace of 60% growth the business achieved last year.
Axa Commercial names Paul Tombs as director of SME Intermediary
Axa Commercial has appointed ex-Zurich leader Paul Tombs as director of its SME Intermediary business, starting in the summer.
NFP expands in PMI with Get Medical Plans buy
NFP has purchased Get Medical Plans, a private medical insurance intermediary, with founders Marc Benjamin and Sanjeev Mallipeddi staying to lead and manage the London-based business.
People Moves: 18 – 22 March 2024
Stay in the loop with the latest personnel moves in insurance.
Momentum profit soars 60% as revenue also leaps
Momentum Broker Solutions increased profit before tax by 60% to £1.8m last year as it grew revenue to £15.23m from £11.69m in 2022.
Hiscox teams up with poet Cooper Clarke as first ‘(under)writer in residence’
Hiscox has partnered with punk poet Dr John Cooper Clarke, naming him its first ‘(under)writer in residence’ as part of a new campaign.
Clear grows Ebitda by a third
Clear Group grew its Ebitda by 33.4% to £19m, with revenue jumping to £74.7m in the year ended 31 October 2023.
Blog: Six months in
Consolidation in the insurance market has been running rampant despite many brokers preaching the need for independence. Just how long this pace can continue is a question I have been asking myself since I started reporting at Insurance Age almost six…
Kingfisher opens broking HQ in West Midlands
Kingfisher Insurance has opened its national broking headquarters in Rubery, Birmingham, housing its motor trade, commercial, and non-standard home insurance teams.
FCA to raise budget by 10.7%
The Financial Conduct Authority has set its annual funding requirement for 2024/25 at £755m, an increase of 10.7%.
Taylor outlines plan to grow Aviva strategic accounts
Michelle Taylor, Aviva strategic accounts director, aims to be responsive and visible for brokers and sees opportunities after the insurer signed up to buy Probitas.
People Moves: 11 – 15 March 2024
Follow the latest insurance personnel moves.
PSC confirms takeover talks as consolidators tipped to swoop
Australia-headquartered PSC Insurance, a Top 100 broker in the UK, has confirmed being approached by multiple parties and in talks regarding a possible buyout.
Markerstudy rebrands broking arm
Markerstudy Broking has been renamed to Markerstudy Distribution to encapsulate the range of products and services across the whole division, the business has confirmed.
QBE launches regional healthcare practice group
QBE has created a healthcare practice group which will be supported by all regional offices in the UK, Insurance Age can reveal.
Gen AI to increase cyber attacks warns Lloyd’s
A new report has found that the impact of generative artificial intelligence is likely to increase the frequency, severity and diversity of smaller scale cyber attacks over the next one to two years.
FCA warns of Admiral clone
The Financial Conduct Authority has warned of a clone claiming to be Admiral Insurance.
Commercial Express launches courier package product
Commercial Express has launched a courier package product, designed for brokers whose clients are couriers or delivery drivers using vans or cars in the UK.