Commercial
FCA reveals insurer claims payouts following BI test case verdict
Regulator says providers have paid out £192.1m in interim payments for unsettled claims and £279.8m in final settlements at it reiterates order to pay out quickly.
Vista Insurance Brokers launches North West subsidiary
The fresh division is set to focus on construction, manufacturing, import/export, engineering, and haulage.
Aston Lark develops portal for renovation insurance
Brokers can use the portal to process adjustments and share documents with clients.
Meeting private equity: Simon Peet, Livingbridge
Private equity is driving an M&A boom in UK broking but often we don't know who is behind it. Insurance Age gets to know the key figures.
Pandemic pushes Ecclesiastical to 2020 loss
GWP in the UK and Ireland business grew by 7.6% while its COR worsened to 92.5%, as broking division saw modest profit rise.
Staveley Head: £9.9m owed to unsecured creditors
The administrator’s report also showed £27.7m in claims since they were appointed.
Zurich launches global risk service
Provider says the new offering was developed to meet demand from businesses for risk prevention and mitigation services and is available to UK brokers of all sizes.
The future for broking in Scotland?
As consolidators make a land-grab in Scotland, Martin Friel investigates the future for independents in the region.
Nexus-owned Xenia buys Status Credit
Deal will see the East Sussex-based trade credit broker become part of Xenia in April.
Turnover and profit up at Romero
Leeds-based business says it is one year into its five-year goal to double in size as it aims to become the UK's largest independent broker.
Peach Pi launches product aimed at wellbeing and lifestyle sector on Acturis
The new e-trade offering, sold via brokers, provides cover for freelancers and small businesses in allied health professions such as audiologists, chiropodists and opticians, as well as complementary therapy, beauty and fitness.
Partners& creates northern hub with fresh deal
Bolton-based Ives & Taylor specialises in commercial lines, professional indemnity and private clients and brings 13 staff to Partners&.
UK Broker Awards – Entries now open
Celebrate your success and submit an entry for the Insurance Age UK Broker Awards.
ERS reveals $350m capital injection to drive expansion plans
Boston-based Abry Partners leads capital raise, with current major shareholder Aquiline also participating, as ERS continues to diversify into (re)insurance commercial lines.
GRP buys Leeds broker Lawrence Fraser
The broker will become part of Marshall Wooldridge which is GRP’s Yorkshire hub.
Lickens: Broker prices are “highest I have seen”
The Clear CEO spoke to Insurance Age following the acquisition of Luker Rowe and HIA and insisted that the ‘for sale’ sign at Clear won’t go up yet despite the hollowed out market.
Luker Rowe and HIA International join Clear
Clear Group now handles £225m in gross written premium.
Specialist Risk Group buy taxi experts Emrose Insurance Brokers
It is the fifth deal this year for SRG which is backed by majority shareholder HGGC.
Blog: Unoccupied property – flexibility to help recovery and regeneration
Caroline King, of Pen Underwriting, on why providers can no longer be ‘monochrome’ in their approach to commercial premises.
Biba appoints MercariRisk as marine insurance scheme provider
Trade body says the scheme is underwritten by A+ rated capacity and will help brokers access cover for a range of marine risks including cargo, freight liability, hull and liability cover for commercial vessels, commercial maritime operations, super…
DCJ makes first deal as part of GRP stable
Broker expands its footprint with purchase of Lincoln-based Sills.
Mark Wilson's Abacai buys Dayinsure
The motor insurance specialist, which is Abacai's first acquisition since it launched last month, will remain a standalone business run by its current management team.
Consolidation of the consolidators next step as broker M&A targets reduce
IMAS director John Nisbet discusses how consolidators can continue to grow and warns that private equity backers could move on from the sector as a result of a “diminishing opportunity” in the broking market.