Broker
Ecclesiastical urges brokers to highlight risks heritage clients face
Research by Ecclesiastical has found 90% of heritage clients experienced a crime in the past 12 months with graffiti and anti-social behaviour worsening.
W Denis profits slip back after record year
W Denis has posted a fall in profits and turnover for the year ended 30 June 2023, slipping back from record highs the previous year.
Caravan Guard reports profit drop
Halifax-based Caravan Guard has reported a 10.7% fall in profit after tax to £2.96m for the year ended 31 March 2023.
Momentum AR Malago buys fellow firm Mulberry
Bristol-based Malago Insurance brokers has bought Mulberry Insurance Brokers, following the retirement of its principal Keith Johnson.
Partners& deal prices revealed
Partners& paid out £15.2m for five purchases made in the year ended 31 March 2023, a filing at Companies House has revealed.
Insurance industry achieves FCA fine free 2023
The Financial Conduct Authority dished out £52.8m in fines in 2023, the second lowest total since the regulator was formed in 2013.
Review of the Year 2023: CGI and Acrisure’s Andy Fairchild
CGI brand ambassador and Acrisure networks chairman and retail broking adviser Andy Fairchild celebrates one of life’s nice guys getting to lead the way, and a rebranding handled sensitively with real clarity and purpose.
Review of the Year 2023: Investec Premium Finance’s Osian Rees
Osian Rees, head of Investec Premium Finance, reflects on why affordability and access to insurance cover could be vote-winners at the next election, and why brokers must ensure their supplementary costs align with fair value principles.
Review of the Year 2023: Macbeth’s Paul Macbeth
Macbeth Insurance Brokers CEO Paul Macbeth hails its success at the Hedron Networks awards and admits to being surprised – as much as you can be these days – by Romero’s acquisition.
Analysis: Aon’s £10.6bn NFP takeover not enough for it to replace Marsh as largest global broker
Aon’s £10.6bn acquisition of NFP earlier this week will not be enough to help it supplant Marsh McLennan as the world’s largest broker, according to a report.
Review of the Year 2023: Broker Insights’ Fraser Edmond
Broker Insights CEO Fraser Edmond predicts more insurer M&A for 2024 and suggests those who use AI better will win out in the future.
Linked integration and organic growth key to JMG success, says CEO Houghton
Delivering on integration is “a bit of an obsession”, JMG Group CEO Nick Houghton told Insurance Age, as the broker posted rising Ebitda for 2022/23.
JMG deal bill tops £60m as purchases and organic growth boost Ebitda
Augusta Topco, the holding company for JMG Group, faced a bill of £63.2m for seven broker buys in the 2022/23 financial year, far outstripping the £17.3m of acquisition costs the year before.
Aon to buy NFP from Ardonagh investors MDP and HPS for £10.6bn
Aon has agreed to acquire rival US broking firm NFP for a total consideration estimated to be $13.4bn (£10.6bn).
Sporting Sponsor: AbbeyAutoline and Ulster Rugby
In the first of a new series, Insurance Age caught up with Julie Gibbons to find out more about AbbeyAutoline’s sponsorship of Ulster Rugby.
Broking Success: Customer service is key for retention
Ben Henderson, managing director of Brownhill Group, is looking to expand the family-run broker’s in-house schemes and double gross written premiums.
CII confirms Gill White as acting CEO ahead of Vallance leaving early
The Chartered Insurance Institute has confirmed that current chief customer officer Gill White will become acting CEO at the end of December when Alan Vallance leaves ahead of schedule.
Insurtech ARMD expands into the broker tradespeople market
ARMD, an insurtech, has formed a managing general agent to target brokers interested in the £6.5bn UK tradespeople insurance market.
Freemantle to succeed Perry as FSB Insurance Services MD
FSB Insurance Service has announced that with effect from 1 January 2024, its sales director Katie Freemantle will take over the role of managing director.
Lloyd’s confirms staying in iconic HQ until 2035
Lloyd’s of London has confirmed the extension of its lease to stay in its famous headquarters at One Lime Street until 2035 with an option to remain until 2040.
Allianz has all the ingredients to be the go-to on mid-market for brokers, says Carey
Dave Carey, managing director for mid-market at Allianz Commercial, is upbeat on the prospects for the insurer working in partnership with brokers as he reveals the characteristics-based underwriting approach for 2024.
Lloyd’s to stay in iconic headquarters until 2035 – report
Lloyd’s of London has struck a deal to stay in its famous headquarters at One Lime Street until at least 2035, according to the Financial Times.
Heath Crawford payout underlines the perils of underinsurance for brokers
The substantial damages awarded in the recent judgment Infinity Reliance Limited (trading as My 1st Years) v Heath Crawford Limited remind insurance brokers of the perils of underinsurance, with business interruption cover being a particular pitfall…
Cyber risk management education needed for SMEs, says Marsh
According to Kelly Butler, UK cyber leader at Marsh, cyber remains a top priority, and there is a disconnect between the insurance world and the cyber security world.