Commercial
Brokers hope "inevitable" RSA sale will inject new life into the "sleeping monolith"
Some brokers expect potential deal to re-energise RSA, while others criticise the provider's "poor performance" and predict an uncertain future for its UK operations.
Broker space still attractive to investors
Inflexion’s Peter Shaw tells Insurance Age why the sector is still a safe bet for private equity.
Willis Towers Watson sells Miller
Private equity firm Cinven and Singapore wealth fund GIC have bought the specialist broker for an undisclosed sum.
Top 100: Your exclusive guide to the commercial UK market
Our in-depth market analysis explores how brokers have fared over the past 12 months and ranks them according to GWP.
Blog: Managing cyber claims – opening the door on what goes on behind the scenes
CFC cyber claims manager Ashley Burdon discusses how cyber claims play out in real-time.
RSA talks value insurer at £7.2bn
Two potential bidders are circling and proposing to split the provider.
In-depth - hospitality: Glass half empty or half full?
The Covid-19 crisis, and subsequent national and local lockdowns, have hit the hospitality sector hard, but, as Sam Barrett reports, there are concerns for the future. However, there are reasons for optimism and a number of ways for brokers to help their…
RSA confirms sale talks
The insurer stated that Canadian Intact Financial Corporation and Nordic insurer Tryg had approached the business.
GRP Yorkshire hub Marshall Wooldridge buys again with RIB swoop
Marshall Wooldridge, the Yorkshire hub business for Global Risk Partners, has acquired its second broker within a month following a swoop for Rotherham-based RIB Group.
Hazelton Mountford buys Michael Rollett & Co
Move comes as owner Michael Rollett retires.
Brightside shuts down MGA Kitsune
The decision puts 16 people at risk of redundancy from the organisation which launched in January 2019.
Gallagher shutters Dumfries office with three other locations under threat
Dumfries staff face redundancy as broker discusses future of Ayr, Fort William and Inverness bases as it seeks to move some locations to remote working.
Biba confirms virtual 2021 conference
The trade body said it was “impossible and unwise” to press ahead with an in person meeting for 2021 because of coronavirus.
Date set for Supreme Court BI battle
The case, brought by the FCA on behalf of policyholders, will be heard for four days from 16 November.
PIB's McManus lifts the lid on Erskine Murray lockdown deal
The CEO tells Insurance Age how the deal came about and discusses plans for the future and how the pandemic is slowing the buying process down.
MGAA seeking to “push accelerator” on membership
MD Mike Keating said the organisation will focus on its members developing broker relationships as the sector moves through a hard market.
Hiscox reports Q3 growth despite Covid BI case
The insurer saw GWP grow as its retail business reported an uptick in all five of its business units.
Geo Underwriting expands into marine and leisure with deal
Ardonagh's MGA arm buys £8.5m GWP book of business from KGM.
Erskine Murray joins PIB stable
All employees of the Leicester-headquartered broker will remain with the business following completion of PIB’s largest deal to date.
SMEs cut back on insurance spend amid Covid-19 financial struggles
Research from Premium Credit shows over half of SMEs have stopped paying for covers including employers' liability and professional indemnity as well as business interruption.
Blog: The care sector conundrum
The market is divided on the challenge of supporting the care sector in the face of Covid-19, says Markel’s Nic Brown.
PIB makes 32nd deal
PIB Group has bought London-based real-estate insurance specialists, Arlington Insurance Services for an undisclosed sum.
Premiums collected will not cover insurable Covid losses - report
An insurance think tank has suggested that insurers would need to collect BI premiums for 150 years to make up for predicted global losses.
Video: Why commercial brokers are exploring premium finance
Close Brothers Premium Finance MD, Paul Trail, tells Insurance Age why commercial brokers are increasingly interested in offering different payment options to their clients.