Articles by Ida Axling
PIB buys specialist M&A MGA Acquinex Group in European move
Acquinex has offices in London, Frankfurt, Warsaw and Copenhagen and the deal, which follows investment from Apax, is the consolidator's third this year.
Pandemic pushes Ecclesiastical to 2020 loss
GWP in the UK and Ireland business grew by 7.6% while its COR worsened to 92.5%, as broking division saw modest profit rise.
Zurich launches global risk service
Provider says the new offering was developed to meet demand from businesses for risk prevention and mitigation services and is available to UK brokers of all sizes.
Amanda Blanc becomes Women in Finance Champion
Blanc says there are still far too many barriers blocking women’s progress in financial services, as HM Treasury notes over 400 signatories have committed to helping women progress into senior roles and setting targets for gender diversity.
GrovesJohnWestrup Private Clients launches with digital broker platform
The business is backed by Munich Re and will initially focus on UK property, including main residences, holiday homes, second residences and let properties.
Nexus-owned Xenia buys Status Credit
Deal will see the East Sussex-based trade credit broker become part of Xenia in April.
Turnover and profit up at Romero
Leeds-based business says it is one year into its five-year goal to double in size as it aims to become the UK's largest independent broker.
Sabre reports profit fall as results are "heavily disrupted" by the pandemic
The motor provider posts £173.2m in GWP and a combined operating ratio of 75.3% in 2020.
Aston Lark swoops for Irish broker in latest deal
Consolidator brings North County Brokers, based in Balbriggan in County Dublin, into the fold ahead of the rebrand of its Irish operations to Aston Lark Ireland in April.
Peach Pi launches product aimed at wellbeing and lifestyle sector on Acturis
The new e-trade offering, sold via brokers, provides cover for freelancers and small businesses in allied health professions such as audiologists, chiropodists and opticians, as well as complementary therapy, beauty and fitness.
Partners& creates northern hub with fresh deal
Bolton-based Ives & Taylor specialises in commercial lines, professional indemnity and private clients and brings 13 staff to Partners&.
ERS reveals $350m capital injection to drive expansion plans
Boston-based Abry Partners leads capital raise, with current major shareholder Aquiline also participating, as ERS continues to diversify into (re)insurance commercial lines.
Newbie news: Broadway Insurance Brokers
CEO of Broadway Insurance Brokers Daniel Lloyd-John tells Insurance Age how he managed to start up during the pandemic
The stats: March 2021 - The Acturis Premium Index
The last quarter of 2020 saw premiums continue to rise in most of the product lines featured in the Acturis Commercial Broking Index
Biba appoints MercariRisk as marine insurance scheme provider
Trade body says the scheme is underwritten by A+ rated capacity and will help brokers access cover for a range of marine risks including cargo, freight liability, hull and liability cover for commercial vessels, commercial maritime operations, super…
DCJ makes first deal as part of GRP stable
Broker expands its footprint with purchase of Lincoln-based Sills.
Mark Wilson's Abacai buys Dayinsure
The motor insurance specialist, which is Abacai's first acquisition since it launched last month, will remain a standalone business run by its current management team.
Howden buys superyacht broker STA Group
The business will become part of Howden and rebrand as Howden Sturge.
Consolidation of the consolidators next step as broker M&A targets reduce
IMAS director John Nisbet discusses how consolidators can continue to grow and warns that private equity backers could move on from the sector as a result of a “diminishing opportunity” in the broking market.
PIB buys Staffordshire broker in second deal of 2021
Element Hinton specialises in construction, waste, engineering and leisure and the deal follows investment into PIB by Apax Partners.
Intact commits to Scott Egan as RSA CEO
Canadian insurer Intact is set to buy RSA's Canadian and UK & International operations in the second quarter of this year.
Aviva’s Covid-19 BI claims exposure down to broker wordings
GI CEO Colm Holmes says provider has taken a proactive approach to paying claims as he discusses how Aviva was impacted by the BI test case and comments on its 2020 results.
Aviva's UK operating profit falls in 2020
CEO Amanda Blanc sees opportunities for "material growth" in the UK market as commercial lines premiums continue to grow.
Hiscox posts £192m loss in 2020
Provider says results were impacted by the pandemic, as COR worsened to 114.5% while GWP remained flat.