Articles by Insurance Age staff
Admiral CEO warns of ‘uncertain’ 2025 after Ogden boosted UK profit
Admiral saw its UK profit rise by 64% to £977m in its 2024 results, with the insurance group attributing 17% to the change in the Ogden personal injury discount which improved to 0.5% last year.
Pen Underwriting extends cover for recruitment agencies
Pen Underwriting has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies.
Biba renews 20-year-old membership agreement
The British Insurance Brokers’ Association has renewed its agreement with Premium Credit to provide a premium finance facility to its members.
US parametric specialist buys Floodflash
Insurtech Floodflash has agreed terms to be bought by US parametric insurance specialist NormanMax Insurance Holdings.
Top 100 brokers adapt as AI and smarter data shape success in 2025
The insurance industry is undergoing rapid transformation, driven by advancements in technology, evolving customer expectations, and a shifting regulatory landscape. Brokers and insurers alike are being forced to adapt to a world where data and…
US consolidator completes first overseas deal with UK MGA buy
Bishop Street Underwriters has completed its acquisition of Landmark Underwriting, a specialty-focused managing general agent based in London.
MGA brings together five businesses under one brand
Dual Group has rebranded a collection of its UK MGA businesses under a single identity.
Miller hails organic growth as revenue hits £271m
Miller has reported total revenues of £271m for 2024, a 13% increase on the year before, as it placed $4bn (£3.18bn) of gross written premium into the market.
Q&A with Andrea Wells of Premium Credit
Andrea Wells was recently recruited from Broker Insights by Premium Credit for its newly created role of head of regions and networks. In a Q&A with Insurance Age she shares her insurance market experience and plans for growing the business with brokers.
Specialty insurer becomes latest Lloyd’s entrant with Syndicate 1984
Convex Group, the specialty insurer and reinsurer, has received in principle approval to launch Lloyd’s Syndicate 1984, which will start underwriting in April 2025.
MGA takes another Axa leader with CUO hire
Optio Group has appointed the former Axa director of schemes and delegated authorities Gary Head as chief underwriting officer, effective immediately.
Pen promotes Breslin to lead new commercial arm as Webb retires
Pen Underwriting has announced a restructure following the decision by Richard Webb, MD of UK Financial Lines and Specialty Liability, to retire in June this year.
TMHCC hands Heath new distribution head remit
Tokio Marine HCC has promoted its head of delegated property Stuart Heath to the role of head of distribution – International.
Hiscox hires from rival to launch new FI offering
Hiscox has launched a new financial institutions offering, headed up by Joe Dearsley who has joined from Liberty Specialty Markets.
Clear hires ex-JLT and Miller exec to lead on M&A
The Clear Group has appointed Oscar Holloway as its first managing director, M&A.
SRG doubles headcount and gets new investor with ‘transformative’ acquisition
Specialist Risk Group has expanded into mainland Europe with the acquisition of German broker Ecclesia’s assets in Belgium and the Netherlands.
Worcester broker adds third office with latest buy
Hazelton Mountford has acquired the White Knight Group’s insurance book of business.
PIB enters another country with latest European buy
PIB Group has entered the Portuguese market, its 11th territory, through the acquisition of Vitorinos Group, a broker with business volume of €80m (£67.8m) in managed premiums.
CFC launches new solution for small media production houses
Specialist insurer CFC has launched a multi-year insurance solution specifically designed for smaller media production companies.
Insurtech enters new product vertical after broker tie-up
Broker PJ Hayman has teamed up with Urban Jungle to offer travel insurance to the insurtech’s home policyholders.
Lloyd’s CEO Neal to leave for new role at Aon
Lloyd’s has announced that CEO John Neal will be leaving in 2025 to join Aon as its global CEO of reinsurance and global chairman of climate solutions.
MGA appoints new MD
MGA Alps has appointed Michelle O’Reilly as managing director, replacing Ian Micklewright.
Direct Line accepts Aviva’s £3.7bn takeover offer
Direct Line has accepted Aviva’s improved offer to takeover the company this morning in a deal one analyst has described as a "bold move that could turn out to be a gift that keeps on giving".
Review of the Year 2024: Woodgate and Clark’s Simon Jones
Simon Jones, client services director at Woodgate & Clark, explains why digital transformation is no longer a differentiator, circularity in property repairs is key to sustainable claims handling and a lack of air travel means Race Across the World is…