Broker
Motor premiums continue to fall in Q3
Premiums are the cheapest they have been since mid-2015, but the rate at which prices are falling has slowed in the last three months, according to Confused/Willis Towers Watson.
Blanc aims to double Aston Lark business for Howden
Peter Blanc details opportunities for Aston Lark now it is off the private equity “rollercoaster” and part of another employee-owned broker.
People Moves: 11-15 October 2021
Keep up to date with the latest people moves.
MGAA signs up first Republic of Ireland member
Dublin-based MGA Blackrock Insurance Solutions has joined the trade association.
Radius Insurance Solutions buys Milestone
Radius already owns Burley Group and has added the broker/underwriter to its book.
Clear Group announces management developments
The business has made a number of promotions across the business including BHIB and Brokerbility.
Close Brothers "stable" again after management changes
The finance provider promises new products for brokers and customers as MD, Sean Kemple, talks to Insurance Age.
Howden buys Aston Lark
The deal is Howden’s largest acquisition to date and creates a £6bn GWP UK business in “deal a decade in the making”.
Ghost broker who targeted Polish community jailed
Police are now using the Proceeds of Crime Act to recover funds which were illegally obtained.
Markerstudy Broking looks to £600m GWP
The business is set to invest in its digital capabilities as MD, Ross Barrington, reflects on its Brightside deal and future M&A plans.
Bollington reveals final set of financial results before Gallagher takeover
The broker, which was bought by Gallagher earlier this year, reports increases in turnover and profit for 2020.
Seventeen Group blames Covid and M&A costs for profit slip
Despite a sharp drop in pre-tax profit, the broker managed to achieve increased turnover for the year ended 31 December 2020.
Mulsanne parent moves into profit
Refinancing sees the insurer, which also owns Complete Cover Group, move back into profit in 2020.
JM Glendinning names new MD for its eight broking businesses
Jake Fox succeeds Nick Houghton, who became CEO of the group after its management buyout last year.
Opinion: New ways of working in HNW
The high net worth (HNW) sector faces unique challenges as we come out of lockdowns. Mark Pierce explains what the future could hold for brokers
More than half of brokers suffer from mental health issues linked to work
Research from Ecclesiastical shows 61% of brokers experience work-related stress, while only 43% feel comfortable talking to their manager about their mental health issues.
Opinion: Integration is key in acquisitions
Firms involved in M&A activity often don’t think of integrating the businesses until it’s too late, writes Specialist Risk Group’s Clare Lebecq
Blog: What is in store in the next Budget?
PKF Littlejohn’s, Chris Riley, runs the numbers ahead of the Autumn Budget.
A-Plan makes first deal in Wales
Watkin Davies brings £10m in GWP to A-Plan as the broker looks to grow further in commercial lines.
Fraudulent claim value goes up but detection rates also increase
ABI data shows the average fraudulent insurance claim has now reached £12,000 as the the body praises the efforts made by insurers’ fraud investigation teams throughout the pandemic.
Products - October 2021
Product news from the broking industry
Complete Cover Group’s profits dip amid transformation
Profits slip but income is steady and operating profit almost doubles as report flags the business’s £50m Abacai launch and acquisition of broker Dayinsure.
David Bruce promoted to CEO at Marsh Commercial
Bruce succeeds Anthony Gruppo who is set to retire in early 2022.
Broking success: New MD, same service
Becky Morris tells Insurance Age all about BQI Group, her transition to MD, and the company’s plans for growth