Launched into the UK in October, chief underwriting officer Alex Jomaa explains why managing general agent Onda is on a mission to simplify and demystify cyber insurance for both brokers and customers alike.
Factors such as higher inflation, fluctuating interest rates, and labour shortages, mean the construction sector faces ongoing challenges. Hannah Sewell-Moore, surety manager, Kerry London, explains how a wholesale surety bonds broker can support these clients through the contract bidding process.
Managing general agent Rokstone is launching a contingency portfolio promising a same-day quote turnaround for brokers.
Ecclesiastical has continued its expansion into the scheme space by partnering with Towergate Care to offer property capacity for larger care home providers.
CFC group CEO David Walsh and Graeme Newman, CEO of CFC Underwriting, will leave in 2024, the provider has confirmed following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct at the company.
Markel Group’s State National Companies will be entering the UK on 1 January 2024 with capacity for managing general agents, focusing on specialty commercial lines in a move designed to support an “underserved” market.
Specialist product recall insurance managing general agent BluNiche has unveiled a Birmingham-based offshoot to target regional brokers and their SME clients.
Blackford Insurance founder and managing director, Tom Aldridge, is looking to double the business in the next five years.
Moveda Underwriting, a managing general agent set up by the Movo Partnership in May, has gone live to the independent broking sector with capacity from AmTrust and Irwell.
Alan Boswell Insurance Brokers has posted a 50% rise in turnover to £31.1m with post tax profit leaping by more than £3m to £7.8m for the year ended 31 March 2023.
Broker Insights, the data analytics specialist, has signed James Hallam, part of the Seventeen Group.
A major insurer is providing body cameras to contractors in move it claims will enable broker clients to highlight best practice to underwriters.
“People are the only true differentiator that any of us have in the marketplace,” according to CEO of Axa Commercial, Jon Walker.
Atec Group, which includes wholesale B2B property specialist Ceta Insurance and managing general agent Arkel, has revealed 34% organic growth in turnover – a record for the business.
Pen Underwriting has taken a box at Lloyd’s, which will be staffed initially with a marine team ahead of diversifying into complementary products and other lines.
Tim Coles has been promoted to the newly created role of CEO for the European operations of Bridge Specialty Group, Brown & Brown’s wholesale broker segment.
Australian-owned consolidator PSC Holdings UK has revealed a post-tax profit of £795,000 for retail broking, alongside a £6m bill for buying Turner Rawlinson and a further deal in 2023.
The latest figures from Acturis show that commercial insurance premiums continue to rise, resulting in an increasingly challenging environment for brokers and their clients, reports Rachel Gordon.
Cyber insurance provider CFC has upgraded its packaged insurance policies for professional services businesses in a move it claimed could be a “game changer” for SMEs that cannot afford standalone cyber cover.
Specialist jewellery broker TH March grew turnover by 4.7% to £9.68m in the year to 31 March 2023, building on a 9.6% rise the year before.
Dickson & Co has added Kerr Group to the business – its latest deal in a series of acquisitions and expansions as part of its £7m investment.
New legislation aimed at protecting premises from terrorism attacks might be thin on detail. But brokers need be prepared to assess how it will impact their clients over the coming months, as Edward Murray discovers.
Property owners’ cover is the largest mover in this quarter’s Acturis Commercial Broking Index, which shows rates are up by 11.3% over the previous 2022 quarter.
The 2022 men’s World Cup in Qatar [20 November to 18 December] resulted in an overall increase in injury severity for players in Europe’s top five leagues.