Commercial
UK firms underestimating cyber attack vulnerability with smallest most at risk
Businesses in the UK and Ireland are five times more likely to be the target of a cyber attack than suffer flood damage and yet only 47% have dedicated cyber cover, according to research from Pen Underwriting.
Partners& strikes pair of deals
Partners& has bought Glasgow-based Blackford Group and Directors & Professionals, a commercial broker in Tunbridge Wells, in its first deals of 2025.
Broking Success: Pipeline of talent
CJ Insurance, specialists in close protection, security and defence has a pipeline of talent through the business, according to managing director James Clarke, as he targets doubling its size over the next five years.
Axa Commercial enhances management liability offering
Axa Commercial has launched a revamped management liability proposition under its new ‘Prevent and Protect’ banner.
Rokstone adds Goodearl for UK & Ireland casualty division launch
Rokstone has recruited Lewis Goodearl from Convex as head of its new UK and Ireland casualty division.
New commercial broker Monteith launches with £1m target in first three months
Scott McLuskey has launched Monteith Corporate Risk with offices in Glasgow and London targeting £1m of premiums in its first three months of trading.
CFC launches ‘simplified’ IP cover
CFC has launched a new “simplified” intellectual property product.
MGA strikes first UK deal of 2025 with PI specialist buy
Optio Group has bought UK-based MGA Custodian Management for an undisclosed sum, subject to regulatory approval.
Ex-Aviva boss Tiernan named new CEO at Lloyd’s
Patrick Tiernan has landed the top job at Lloyd’s being promoted to CEO, the marketplace has confirmed.
AUB UK Retail targeting 25 deals in 18 months
AUB UK Retail is looking to make 25 buys before the end of next year, with CEO Bob Pybus eyeing up building a £1bn premium business through acquisitions and organic growth, Insurance Age can reveal.
Markel launches clinical trials product
Markel Insurance has launched a clinical trials insurance product, which it stated has been designed to support research and product development on an international scale.
Direct Commercial rolls out larger commercial vehicles product on Acturis
Direct Commercial has launched Haul In One Truck IHP on the Acturis platform, extending the availability of its Haul In One proposition to include larger commercial vehicles and staking a claim for an industry first.
Zurich to launch network trading branch for mid-market in Q3
Zurich is building a mid-market business servicing centre for network members to go live in the third quarter, Insurance Age can reveal.
Interview: Mike Crane, SME & Specialty director at Axa Commercial
In his first interview since starting at Axa Commercial as SME and specialty director this January, Mike Crane tells Insurance Age about his key message to brokers at the upcoming Biba Conference, what he has found at his new home and his plans for the…
FUW targets A55 corridor with new commercial venture
Aberystwyth-headquartered agricultural specialist broker FUW Insurance Services is rolling out a business-targeted venture, FUW Commercial.
Axa Commercial to enter cyber market for SMEs in 2025
Axa Commercial will roll out a branded cyber product aimed at SMEs this year, Mike Crane told Insurance Age.
Ex-broker bosses beaten in mayoral elections
Two former broker bosses have lost in their attempts to become mayors following yesterday’s local elections.
Biba 2025 Countdown: Coalition’s Tom Draper
Coalition UK managing director Tom Draper looks forward to filling an extra bag with Biba swag and giveaways; explains why Oasis’ Stand By Me sums up the event perfectly; and explains how it will be supporting brokers with relevant, real-world content on…
Biba 2025 Countdown: Beazley’s Sam Franks
Sam Franks, country manager and head of partner engagement for the UK & Ireland at Beazley, promises plenty of pink and underwriters on its stand; offers advice about how brokers can differentiate themselves from their peers in the market; and looks…
SRG to add credit and political risk team from Tysers
Specialist Risk Group has signed up for Tysers’ credit and political risk (re)insurance team to join the business.
The generational wealth gap and investment risks – a looming risk for brokers
Financial constraints have led to a greater reliance among younger generations on alternative investments that pose higher risks for investors and their financial advisors. As a result Kate Albert, CEO and co-founder at Kova Professions, warns brokers…
UK commercial rates falling faster – Marsh
The pace of UK commercial insurance rates dropping quickened in the first quarter of the year, outstripping the global fall.
Biba 2025 Countdown: BluNiche UK’s Ed Mitchell
Ed Mitchell, head of BluNiche UK points to some exciting new product developments; suggests Manchester Art Gallery for a meeting with a difference; and hopes that they leave with fewer giveaways than they came with.
Gibson and Johnson set to leave Allianz after claims merge
Graham Gibson, chief claims officer for Allianz Commercial, and Caroline Johnson, claims director for Allianz Personal, are set to exit the insurer in Q4.