Broker
Interview: Olga Collins, CEO of the Worldwide Broker Network
Since Olga Collins took on role of CEO at the Worldwide Broker Network in April 2021, it has added 30 new members around the world and focused on its IT growing customised solutions for its brokers.
Gallagher hails 8% Q4 organic growth in retail
Gallagher grew UK and Ireland retail business by 8% organically in the final quarter of 2023, while the specialty division achieved a 16% organic uplift, the broker has confirmed.
People Moves: 22 – 26 January 2024
Follow the latest insurance personnel moves.
Revenue up 8% at Marsh in 2023
Marsh boosted annual revenue by 8% to $11.38bn (£8.94bn) in 2023, as profits at parent Marsh McLennan grew.
Nick Harris to leave Marsh
Nick Harris is no longer taking up the role as CEO of UK retail and will be leaving the broker.
Brown & Brown opens retail office in Newcastle
Brown & Brown has opened a retail insurance broking office in Newcastle, the first branded business in the sector under its new identity.
Interview: Carolyn Callan, Brown & Brown
Three months into the role at her “forever” home of Brown & Brown, Carolyn Callan explains her plans and priorities to Emmanuel Kenning.
NFP boosts London presence with Advanced Insurance Consultants buy
US-headquartered broking firm NFP has purchased London-based Advanced Insurance Consultants to develop its client base in the London and the wider South East areas.
Amazon to shut Insurance Store after just over a year
Amazon is closing its UK Insurance Store, which was launched with great fanfare in October 2022.
Brown & Brown rolls out on Acturis
Brown & Brown is moving its retail platform to Acturis, Insurance Age can reveal.
Howden buys Scottish broker Laurie Ross
Howden has bought Glasgow-headquartered personal and commercial lines broker Laurie Ross.
How can brokers maximise their brand through digital communication and social media messaging
Insurance Age, in association with Aviva, recently published a series of articles looking at how brokers can use digital channels and social media to build their brand and grow their business.
French wholesaler buys motor specialist broker Lexham Insurance
April, a wholesale insurance broker in France and Europe, has bought two-wheeler insurance specialist Lexham Insurance.
Brunel adds PI broker to group
The Brunel Group has set up a professional indemnity insurance broker with a focus on UK professional firms.
Acturis launches AI Predict
Acturis has launched AI Predict to bring the power of artificial intelligence and machine learning into its software-as-a-service platform.
The American consolidators are not done yet
Recent years have been notable for the amount of consolidation led by US-based insurance brokers. Ida Axling looks at whether these players are likely to continue doing deals at the same rate and what is driving these buying sprees.
Just Travel targets brokers with new wholesale arm Aneevo
A new travel insurance distribution platform has been launched for UK insurance brokers.
TBIG backs first broker start-up
Nathan Walton has launched Cheshire-based commercial broker Insurance Connections, backed by The Broker Investment Group.
Qmetric reveals £41m loss in run-up to sale
Policy Expert owner Qmetric lost £41.06m last financial year ahead of being bought by the Abu Dhabi Investment Authority, which has gone on to invest £35m in the business.
Premium finance brings businesses benefits beyond instalments
A new survey, conducted by Insurance Age and Close Brothers Premium Finance, reveals that while most commercial brokers discuss premium finance with their clients, they do not always highlight other key advantages beyond spreading the cost. Rachel Gordon…
Jensten deal spend tops £70m as losses widen
Jensten’s post-tax losses worsened to £32.8m in the year ended 31 March 2023, from £21.5m the year before.
Broking Success: Independence is number one selling tool
David MacKay, managing director of MacKay Corporate Insurance Brokers, sees the sky as the limit for independent brokers.
Tech and innovation to the fore for property risks, says Lockton leader Warman
Pushing forward on technology and innovation will be front and centre this year, according to global real estate practice leader at Lockton, Ben Warman, who also revealed his expectations on market hardening in 2024.
Consumer Duty will continue to challenge the market claims DACB
DAC Beachcroft has released its predictions for 2024, including that Consumer Duty will challenge the market and about the impact of AI on insurance products.