Broker
Former Stackhouse Poland director joins Partners&
James Agnew, who co-owned Stackhouse Poland between 2001 and 2019, is now partner, private client, at Partners&.
CBPE completes Direct Commercial deal
After receiving backing from CBPE, the MGA will sit alongside Carraig Insurance under Direct Commercial Group.
Opinion: New year, right cover
Allianz's Helen Bryant considers how businesses have developed during Covid-19 and outlines key ways their insurance needs may have changed.
UK car insurance premiums rose 5% in Q4 2021
Despite car insurance dropping by 6% in 2021, the final quarter of the year saw the first increases in premium since 2020.
Aviva to boost underwriting team in move to invest in regional brokers
Chief distribution officer Gareth Hemming says the provider is initially planning to increase the size of its underwriting team in the regions by 10%.
H&H Insurance buys Tynedale broker
Tynedale Insurance Services was founded in 2015 and is based in Hexham.
People moves: 17-21 January 2022
Keep up to date with the latest people moves in the insurance sector.
XS Direct goes into run-off in Ireland
The broker confirmed that, as a result, staff at its Dublin headquarters had been informed that they would be made redundant.
Gallagher appoints regional lead
Elliot Miller joins as regional managing director for Scotland, Northern Ireland and the North East of England.
Experts warn of reinsurance market crunch
Smaller players without scale may struggle with reinsurance costs going forward as issue is highlighted by the collapse of motor trade specialist Tradewise.
XS Direct's UK MGA stops writing new business
The Irish broker, which acts as an MGA in the UK, stopped accepting new business from 7 January after it was unable to renew its agency agreements with insurers. Its renewals business will also cease from 1 March.
Hubb targets £15m to £20m GWP for 2023
The commercial usage-based broker was set up in 2020 and authorised in April last year.
Dickson & Co eager to double business and keep expanding
Dickson director Gavin Mitchell told Insurance Age that the broker would acquire more businesses in 2022 as well as recruit more people for its growing commercial team.
CPP Group UK buys travel specialist Alpha Underwriting
The deal includes Alpha’s general insurance broker network and broker portal, and CPP says it is set to add more products to the portal within the next quarter.
Jackson Lee updates Sports Travel Plus policy
The scheme is now available for groups and teams competing and training overseas and includes cover for Covid-19.
CII announces interim CEO
Jonathan Clark will take over from Sian Fisher at the end of March 2022 as the search for a permanent CEO is underway.
GRP's Marshall Wooldridge snaps up Rotherham-based broker
Goldthorpe, a family-owned business which writes both commercial and personal lines, is the fifth broker bought by Marshall Wooldridge since it became GRP's Yorkshire hub in 2016.
Specialist Risk Group buys special risks team from Bridge Insurance
Deal is SRG's first in 2022 and is part of a long-term partnership with Bridge.
Tysers sells credit & surety business to Xenia
It is Xenia’s eight deal in recent months and second trade credit buy.
Motor premium drop starts to stabilise
For the first time in over a year, the cost of car insurance has increased in some UK regions while the average premium has now reached £782, Consumer Intelligence reported.
Movo Partnership in talks to make six more deals
MD Lea Cheesbrough tells Insurance Age about the network's recent hat-trick of broker buys and discusses its growth plans as it targets £65m in GWP and 75 broker members.
Andy Fairchild joins Acrisure
Fairchild has been added to the team as an advisor as the US-headquartered broker looks to expand into the UK retail market.
Iprism adds product to SSP platform
According to the MGA, the platform removes the need for brokers to rekey quote data and provides a full quote and bind service, from rating and pricing to core administration, data analytics, and full policy documentation at point of sale.
First Underwriting secures £1bn capacity from Accredited
The five-year deal with Accredited, alongside McGill & Partners, provides capacity for specialty products and will help First to diversify its product lines.