Commercial
Acturis: Fleet rates see biggest hike in three years
Premiums for fleet motor jumped 4.1% in Q2 2023, according to the Acturis Commercial Lines Index, after a three year period where the sector was largely static or experienced falling rates.
People Moves: 11 – 15 September 2023
Stay in the loop with the latest personnel moves in insurance.
Clear buys Heath Crawford & Foster as MVP exits
Clear Group has bought 100% of Heath Crawford & Foster, adding £18m of gross written premium to the growing consolidator.
Profile – Stephanie Ogden, HDI Global: Making a difference
Having progressed from a graduate trainee in Guildford to Allianz branch manager in Scotland, and via Lloyd’s in London to UK & Ireland managing director for HDI Global, Stephanie Ogden is ready to take brokers on the next step of the German-owned…
Meet the MGA: Incorporated Insurance Group Limited [IIGL]
Underwriting director Dean Surridge and operations director Lyndsey Thompson explain how they have stayed true to their specialism, which is construction, to build and grow the now 10-year-old MGA IIGL.
Broking Success: Celebrating 50 years of independence
Having celebrated its 50th anniversary as an independent broker, R A Cowen & Partners, which is part of Cowens Group, has no plans to sell up any time soon. CEO Paul Chaplin sets out the philosophy behind the business and shares his route into broking.
Biba launches latent defects scheme
The British Insurance Brokers’ Association has teamed up with specialist broker GBW to launch a latent defects scheme, consisting of building warranty cover tailored for the property development and construction industry.
GRP rebranded to Brown & Brown (Europe)
Global Risk Partners Limited has been rebranded to Brown & Brown (Europe) Limited, a filing at Companies House has confirmed.
Jensten strikes biggest deal to date as its snaps up One Broker
Jensten has made its largest acquisition to date, acquiring East Anglian-based One Broker Group for an undisclosed amount, subject to regulatory approval.
Allianz reveals first Net Zero transition plan with 2030 intermediate targets
Allianz has published its first comprehensive Net Zero transition plan backing up its commitment to achieving net-zero emissions by 2050 in its proprietary investment and property & casualty underwriting portfolios.
Long time coming: Why the RSA deal for NIG is ‘win-win’ for Intact, DLG and brokers
‘Not In Group’ has been seen as an accurate reading of the acronym NIG for a while now. Jonathan Swift looks at why the long-mooted acquisition target might finally become the ‘Nicely Integrated Gang’ within its new home RSA.
Acrisure adds Modus to MGA portfolio
Acrisure has bought Modus Underwriting, its first MGA acquisition of the year.
Bruce promoted to Brown & Brown Europe role as move to rebrand GRP gathers pace
Mike Bruce has been promoted to CEO of Brown & Brown Europe, as the firm continues on the path to rebrand Global Risk Partners.
Brokers warn RSA not to lose NIG’s ‘sparkle’ in takeover as market diversity diminishes
Brokers have expressed their sadness at losing another market, but acknowledged the proposed takeover of NIG by RSA could be superb for both parties – provided the integration is handled properly.
WTW expands GB operations with two leaders and new Cardiff office
WTW has appointed Chris Milnes to run the North and Scotland.
Lloyd’s more than doubles half-year underwriting profits and grows GWP
Lloyd’s more than doubled underwriting profits in the first half of the year to £2.5bn from £1.2bn in the same period of 2022.
RSA swoops for NIG and FarmWeb in £520m deal
Intact Financial Corporation and its subsidiary RSA have reached an agreement with Direct Line Insurance Group to acquire its brokered commercial lines operations, including NIG and FarmWeb.
TL Dallas posts double digit turnover and profit growth for 2022
TL Dallas Group grew turnover by 16% to £11.39m in 2022, with pre-tax profit soaring 31% to £1.33m.
Cowbell launches SME focused cyber insurance in UK
US cyber expert Cowbell has rolled out its standalone cyber insurance offering to the UK, Cowbell Prime One, aimed at SMEs and mid-market businesses.
Marsh names Nick Harris as CEO of UK retail
Marsh McLennan has appointed Nick Harris as CEO of UK retail at Marsh, taking up the role on 1 January 2024.
Gallagher snaps up leisure and holiday broker Lifesure Group
Gallagher has gained ‘additional scale’ in the leisure sector following the purchase of a specialist broker.
Castle strikes second deal under GRP with Square Circle buy
Castle Insurance has bought 100% of Square Circle Brokers in its second buy since becoming Global Risk Partners’ North-East hub in May 2022.
Ex-Allianz Commercial boss McGinn to become Dual UK CEO
Dual today announced the appointment of Simon McGinn as CEO of its UK business, subject to regulatory approval.
Gallagher unveils new retail cyber head Sam Cheshire
Gallagher has appointed Sam Cheshire as head of cyber for its UK & Ireland retail division.