Broker
Further rise in member funds at Biba
The British Insurance Brokers’ Association grew member funds to £6.57m at the end of 2024, a 14% rise that built on increases of 13% and 21% in the previous two years.
Alan Boswell crowned Broker of the Year at 2025 BIAs
Alan Boswell Group won Broker of the Year at the 2025 British Insurance Awards last night (9 July).
JMG strikes 50th deal
JMG Group has completed its 50th acquisition since its 2020 management buyout, snapping up London-based Profile Insurance Services.
Close Brothers to cut broker relationships in personal lines pull back
Close Brothers has confirmed it will exit some broker relationships over the next year as it pivots away from personal lines premium finance to focus on commercial business.
Insurance Age scoops two Biba Journalist and Media Awards
Insurance Age was crowned twice at the 2025 British Insurance Brokers’ Association Journalist and Media Awards held at Lloyd’s yesterday.
Ceta adds Mark Chappell as head of intermediary in wholesale push
Atec Group’s Ceta Insurance has appointed Mark Chappell as head of intermediary to bolster its wholesale proposition.
Cheesbrough outlines M&A and tech plans as Movo enters ‘2.0’ growth phase
The Movo Group of Companies is poised to enter a new period of M&A activity and member sign-up following the sale of a majority equity stake to AUB in October 2024.
Interview: Brendan Devine, CEO of Atec Group
In his five years as CEO of Atec Group Brendan Devine has led the business to more than double policy numbers and profit organically, now having struck its first acquisition buying Moorhouse last month he explains how it will triple in size over the next…
MCE Insurance moves to voluntary liquidation as HMRC claims hits £65m
MCE Insurance is being moved from administration to creditors’ voluntary liquidation in a move the administrators noted would enable a dividend to be paid to unsecured creditors.
Broker M&A ends half-year with a ‘whimper’ – MarshBerry
Mergers and acquisitions of UK insurance distribution business were down 35% in the first half of the year compared with 2024, specialist MarshBerry has calculated.
Broker pot FSCS compensation ticks up to over £700,000
Claims against the general insurance distribution class, in which brokers sit, resulted in the Financial Services Compensation Scheme paying out £722,000 in the year ended 31 March 2025.
Biba reveals board changes as Evans steps down, succeeded by Fraser
Carl Evans is stepping down as chair of the British Insurance Brokers’ Association’s Larger Brokers’ Advisory Board, with Alistair Fraser succeeding him.
Interview: Superscript CEO Chris Barclay
Newly appointed Superscript CEO Chris Barclay tells Jonathan Swift about its plans to enter motor, reduce the number of insurers it works with and treble in size to over £100m GWP after shaking off its insurtech tag to become a truly digital insurance…
SRG buys Generation Underwriting from WF Risk Group
Specialist Risk Group has bought Newcastle-based managing general agent Generation Underwriting from WF Risk Group.
Simply Business operating profit soars almost 90% in 2024
Xbridge, which trades as Simply Business, increased operating profit to £45.91m for the year ended 31 December 2024, up almost 90% from the previous year.
Superscript to enter motor market as it targets £120m GWP by 2028
Digital insurance broker Superscript is gearing up to enter the motor market as it aims to treble its gross written premium to £120m in three years.
FCA confirms £38.8m broker fees for 2025/26
The Financial Conduct Authority has confirmed brokers will contribute £38.8m to its £783.5m budget for 2025/26.
MBC rebrands to Clear Insurance Ireland
McAuliffe Barry & Collins Insurance (trading as MBC Insurance and Techinsure.ie) has rebranded as Clear Insurance Ireland.
Acrisure rebrands Scottish brokers
Affinity Brokers has become the first of Acrisure’s Scottish insurance brokers to rebrand, after being bought by the consolidator in 2023.
Credit and political risk broker completes EOT switch
The Texel Group, a credit and political risk insurance broker, has completed its transition to 100% employee ownership through the creation of the Texel employee ownership trust.
Thomas Carroll grows turnover and profit in inaugural EOT year
Thomas Carroll Group boosted turnover by 7.1% to £15.61m in 2024, with profits also rising in its full first year as an employee ownership trust.