Broker
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.
Aurora pushes on broker relationships with new hire ahead of product launch
Aurora has appointed Tom Willmore to a newly-created broker-facing role as it committed to launching a commercial combined offering this spring, amid a drive to be a one-stop shop for brokers.
Ghost broker who targeted Sudanese community sentenced
The City of London Police have revealed a man who offered fraudulent motor insurance policies to Sudanese nationals living in the UK has been sentenced to 10 months’ imprisonment, suspended for 12 months.
Car insurance premiums surge 58% in a year
According to research by WTW and Confused, car insurance premiums have soared to a record high with a 58% rise in 2023.
Commercial Express highlights hair and beauty scheme
Commercial Express has launched a hair and beauty product for hairdressers, barbers and beauty therapists.
Daulby Read owner Deva pushes into West Midlands with Gomm merger
North West based Deva Risk Group has expanded its reach into the West Midlands by merging with Gomm Insurance Brokers.
Buying or selling an intermediary: Lessons from the front line part 1 – finance and regulation
In the first of a three-part series on broker M&A, Will Lanyon, partner in PFK Littlejohn’s transaction advisory team, examines the financial and regulatory issues broker leadership teams should consider during acquisitions.
AssuredPartners’ Borland buys Gibson Hawick
Borland Insurance has bought fellow Scottish broker Gibson Hawick.
Adler Fairways makes string of purchases
Adler Fairways has completed two purchases this month through the acquisitions of ACM Broking and Primassure, taking the total in the past 12 months up to five.
Romero boosted turnover and growth by more than 20% in run up to sale
Romero Insurance Brokers achieved a 31% rise in post-tax profits to £5.04m ahead of being snapped up by AssuredPartners.
Howden expands presence in Wales
Howden has opened a new office in Swansea, as part of its commitment to strengthen its position in the South and West Wales region.
Simply Business the template as Liz Bilney launches new broker Fuzzy Insurance
Liz Bilney, the former head of Somerset Bridge, has parked the plans for Lumun and rolled out commercial broker Fuzzy Insurance with a target of £4m gross written premium in the first year growing to 50 staff in year three.
Politics and future of trading lead Liiba’s 2024 agenda
Politics, artificial intelligence and the campaign to get underwriters and brokers back into the Lloyd’s underwriting room lead the London & International Insurance Brokers Association’s 2024 agenda.
Biba launches three claims guides for members
The British Insurance Brokers’ Association has unveiled three claims guides for members to use, to help customers better navigate the claims process for home, motor and travel insurance.
The Broker Investment Group strikes first deal of 2024
The Broker Investment Group has taken its shareholding in Bedford-based £12m gross written premium broker Bullerwell Insurance to 100% in its first deal of 2024.
Insurtech broker founder Halsey departs for software provider
Insurance software solutions provider Genasys Technologies has named former Taveo co-founder and COO Ed Halsey as its new vice president of marketing.
Biba launches programme to attract new industry talent
The British Insurance Brokers’ Association has launched a programme with the Careers & Enterprise Company to raise awareness of the diversity of careers in insurance.
David Perry targets 15% growth for FSBIS per year
David Perry, CEO of FSB Insurance Service, told Insurance Age that the company is eyeing 15% member policy count growth per year and continual team development.
Biba unveils ‘Managing risk for growth and economic security’ theme for 2024 manifesto
The British Insurance Brokers’ Association has called for a proportionate regulatory framework that can facilitate growth as it unveiled its 2024 manifesto, ‘Managing risk for growth and economic security’.