Commercial
GRP buys Birmingham broker
Global Risk Partners (GRP) has purchased Newstead Insurance Brokers for an undisclosed sum.
Partners& buys Focus Oxford Risk Management
The business specialises in science and technology and private clients.
Brunel Group opens new office in the North East following CEO relocation
Brunel Group has expanded into North East England with the opening of a new office in Stockton-on-Tees.
Specialist Risk Group bought by private equity
Miles Smith-owner has been purchased subject to regulatory approval.
RSA directors urge shareholders to vote in favour of Intact/Tryg takeover
Shareholders are set to vote on the deal, which would see the UK part of the business sold to Canadian provider Intact, in January.
BI test case Supreme Court judgment expected next year
The FCA has said that no judgment will be handed down before January 2021.
Silence on rumoured Gallagher/Bollington deal
Gallagher declined to comment on reports that it was in advanced discussions with the Manchester-headquartered business.
GRP buys digital commercial broker
Poole-based Insync has joined the GRP portfolio for an undisclosed sum.
FCA consults on how best to prove presence of Covid-19
The regulator is asking for comments by 18 January 2021 and says it does not expect this aspect of the BI court case to be affected by Supreme Court BI appeals.
FSCS begins payments after East West failure
A mystery third party has also offered to make a material financial contribution to the company.
Let Live Thrive highlights event insurance threat
The campaign, alongside EC3 brokers and Hiscox, has written to the Secretary of State for Culture, Media & Sport, calling on the government to underwrite events contingency cover post-Covid.
Axa’s defence in legal spat with property investor “untenable” say claimants
Martin McKeague, representing Aubrey Weis, says allegations made in Axa’s defence documents would have “huge ramifications” on the insurance industry.
Zego buys telematics firm
The motor provider has added Drivit to its portfolio as it seeks to shake-up commercial motor cover.
CPC replies after Lockton denies fraud allegations
Property investor Aubrey Weis to rely on admissions made by Lockton in its defence documents at trial, after the broker admitted that a certificate of insurance for the 2019/20 policy year had been issued containing an error.
Markerstudy's still in talks for commercial lines capacity deal
Group underwriting director Gary Humphreys says that the provider is speaking with a new carrier after it was forced to go "on hiatus" for new quotes in commercial lines almost a year ago.
Berkeley Alexander develops landlord product
The provider has teamed up with Auto Legal Protection Services for the legal expenses and rent guarantee proposition.
Axa puts blame on Lockton as legal dispute continues
The provider denies claims that it owes £1.68m in damages after property investor Aubrey Weis took it to court in September.
Tasker buys Numark Insurance Services
The broker has added the niche provider to its specialist risks division.
ERS solidifies move into commercial with Lloyd’s deal
The insurer will back Arcus as it targets specialty commercial and reinsurance lines.
SME specialist Ballantyne Brokers launches
Co-founder Ross Ballantyne says there is strong demand for a new broker in the market as "excessive market consolidation" leads to clients becoming disenfranchised.
Geo Underwriting moves into the captive market with latest acquisition
The purchase of Robus by the Ardonagh-owned MGA has been hailed as a “powerful addition” by Geo CEO Derek Coles.
Brunel Insurance Brokers buys Coventry broker
The business has acquired Inman & Associates and is hoping to double the number of customers the business currently has.
Broker Exchange: Hard market issues exacerbated by "rowing back"of local decision making
Local decision making is being eroded as a result of the hard market, viewers of the first panel session of Broker Exchange heard.
Mint Insurance Brokers joins James Hallam's AR network
Mint is a retail and wholesale broker wit ha team of 18 staff.