Broker
Action Groups get go-ahead to intervene in FCA BI test case
Groups formed against Hiscox and QBE will “closely liaise” with the FCA but are not permitted to increase the scope of the test case.
Ardonagh moves forward with refinancing
The $500m ‘payment-in-kind’ toggle notes have been priced as the business progresses with £1.9bn refinancing which includes a $300m war chest.
Marsh reveals sport, entertainment and media industry group
Group launched in response to Covid-19 impact on SEM sector and will be led by Richard Tolley, deputy leader, global sports and events.
Marsh bites back as RSA alleges it is on the hook for wording in FCA BI test case
Marsh has disputed RSA allegations its clients should be liable for brokered policy contract issues in the Financial Conduct Authority’s business interruption test case, as brokers were dragged into the ongoing proceedings.
Acturis reports revenue rise in 2019
Software house has also seen a dip in operating profit as results reveal it paid £10.8m for Canadian business Zycomp Systems last July.
Hiscox Action Group attempts to join FCA BI test case
Group u-turns on desire to be part of FCA case as Hiscox continues to assess its separate arbitration claims.
Lord Hunt takes GRP main board role
Move follows Searchlight's purchase of a majority stake in GRP, which saw a number of management changes.
Praise for Ardonagh’s Broker Network move but Fitch downgrades
News Analysis: Experts say the deal to buy Bravo Group and Irish business Arachas signals how far the company has come since David Ross took the helm at flailing Towergate in 2015.
TL Dallas reveals growth plans
Broker's MD Polly Staveley and commercial MD Tim Mortimer discuss modernising the business, acquiring specialist teams and how the firm has been impacted by the coronavirus.
Ardonagh buys Broker Network-owner Bravo Group
The consolidator announces $500m notes offering and flags £1.6bn equity valuation as it brings the network, along with Ethos Broking and Compass, back into the fold.
FCA announces permanent CEO
Nikhil Rathi joins from the London Stock Exchange and will be paid £455,000 a year.
Park Insurance achieves Chartered status
The Bristol-based broker is the latest business to join the Chartered Insurance Institute scheme.
Castle Insurance Services set to make more deals
MD Paul Younger chats about the broker's acquisition strategy and details how the business has been impacted by Covid-19.
UK Broker Awards: Shortlist revealed
The event received more entries than ever before as Insurance Age celebrates the best in broking.
Jensten Group-funder makes Ireland move
Livingbridge has taken a stake in independent personal lines broker Chill Insurance.
Broker Week: Getting on with it
As part of Applied Broker Week, Biba's Graeme Trudgill stands up for the brokers who have worked through the Covid-19 crisis with aplomb and insight.
Broker Week: How can brokers respond to clients’ digital demands?
As part of Applied Broker Week, Eileen McFadden of Arnold Clark Insurance Services, outlines the benefits of investing in new technology
GRP to close "a number of deals" within weeks
Group CEO Mike Bruce on the Searchlight deal, expansion plans and how the firm's M&A activity is "gaining momentum".
PIB culls top brands in its commercial specialty businesses
Move sees brokers including Cooke & Mason, DE Ford, Franklands, Lorica, Wilby and Cobra Insurance Brokers unite under the PIB Insurance Brokers brand.
Broker Week: Working through Covid-19 – part two
Communication, insurer response and stress testing are put under the microscope by Edward Murray, in association with Applied Systems.
Axa XL boosts UK broker management team
Michael Clarke joins the business from Willis Towers Watson and Robyn Warke moves across from Generali.
CII reports income rise for 2019
Organisation has also seen an increase in membership volumes.
RSA's single commercial vehicle exit sparks mixed reactions
RSA criticised for "abandoning the broker sector" after provider says single vehicle business is "no longer broker territory" as brokers refuse to give up on the space.
BI Test Case: Hiscox argues business hardship likely even without lockdown
Hiscox aims to compare Covid-19 economic hit to Sweden and ‘draconian’ UK in Financial Conduct Authority BI test case.