Commercial
RSA slips to half-year loss
RSA Insurance Group has reported a £9m post-tax loss for the first half of 2023, slipping into the red after a profit of £192m in the same period last year.
MGA Eaton Gate targets “next stage of growth” with SiriusPoint capacity
MGA group Eaton Gate has announced a new partnership with SiriusPoint, the specialty insurer and reinsurer.
Swindle targets doubling Ardonagh UK commercial MGA in three years
Ardonagh’s UK Commercial MGA CEO Jaime Swindle is targeting doubling the size of the business in the next three years taking it into the region of £500m gross written premium.
Howden’s Dual swoops for bloodstock MGA
Dual has bought David Ashby Underwriting, a specialist bloodstock and high-value sports horse insurance managing general agent.
Aviva expands appetite to boost sustainable building projects
Aviva has expanded its underwriting appetite to include engineered timber in commercial developments following a pilot, which saw it working with a handful of developers on sustainable building projects.
MGA-backer Bridgehaven secures A- rating from AM Best
Bridgehaven CEO Paul Jewell has hailed the business securing a high level rating from AM Best.
Ardonagh’s UK commercial MGA adds ex-Aviva leader Jackman as sales director
Former director of regional brokers, strategy and propositions at Aviva, Karen Jackman, has joined Ardonagh’s UK commercial MGA as sales director, Insurance Age can reveal.
Verlingue boosts employee benefits division with Brunsdon buy
Verlingue has snapped up Gloucester-based Brunsdon Employee Benefits, extending its sector capabilities in the SME and mid-corporate market.
Unpicking the legacy of Michael Bright and Indy on the UK broking sector
Following the passing of former Independent Insurance CEO Michael Bright earlier this week, content director Jonathan Swift reflects on his legacy on the broking market.
Ardonagh buys Sorvio to add to Ethos Broking
Ardonagh Advisory has bought Sorvio Insurance Brokers, a commercial broker servicing clients in the South West of England.
What next for Mark Wilson after Abacai exit?
Despite his departure from insurtech Abacai, Mark Wilson has talked previously about the need to disrupt the insurance status quo going back to his days as group CEO of Aviva. Based on the assumption this exit is just a blip in that mission, Jonathan…
Opinion: From AI to ChatGPT - adapting cover to match the ever-evolving cyber risks
The technology and telecommunications sector is far from immune to cyber attacks, says Mark Armstrong, class manager technology at CNA Hardy, as he explains how the constantly evolving world of technology is attracting the attention of cyber hackers.
Aon expands with ex-Aviva and Ardonagh leader Graeme MacMillan
Aon has named Graeme MacMillan as chief broking officer for Commercial Risk Solutions in the UK, starting in the newly created role on 1 November.
HDI recruits new director of underwriting and cyber lead from Chubb
HDI Global has made several senior appointments in its UK & Ireland branch, including a new director of underwriting, Antonia Osborne.
UK commercial hardening drops to 1%
Insurance pricing in the UK commercial market rose by only 1% in the second quarter of 2023, according to Marsh, its lowest rate since Q4 2018.
Lockton names Shelley Wright head of UK commercial wholesale ahead of David Lee retiring
Lockton has appointed Shelley Wright as head of UK commercial wholesale joining from Swiss Re to succeed David Lee who will be retiring in the next 12 months.
Clear unveils 10% organic growth for 2022 and £51m broker buy costs
Clear Group grew revenue by 26% to £56.7m in 2022 driven by 10% organic growth and five acquisitions.
Gallagher's organic growth hits 11%
Gallagher has posted 11% organic growth for the second quarter of 2023 in its UK & Ireland retail division.
Clear Group adds third MGA with Profile Risk Solutions buy
Clear Group has bought specialist commercial lines managing general agent Profile Risk Solutions, trading as Profile Underwriting, adding its third MGA in a month, Insurance Age can reveal.
Pen spins out UK financial lines and liability arm with Manchester as chair
Managing general agent Pen Underwriting has today announced some changes to its structure, which sees Manchester Underwriting Management founder and CEO Charles Manchester become chair of a new division.
Tysers launches division targeting global entertainment industry
Tysers has gone toe-to-toe with Howden with the launch of Tysers Live, a new division dedicated to servicing the needs of the global entertainment industry.
Motor specialist Lucida posts second year of double-digit growth
Motor specialist Lucida Broking Holdings grew turnover in continuing operations by 28% in 2022 to £47m, according to a filing at Companies House.
Hobbs adds two senior roles as part of Allianz Commercial shake-up
Allianz Commercial has created two new senior roles following the appointment of Nick Hobbs as chief distribution officer.
Drone MGA Moonrock to target brokers after getting FCA authorisation
Drone insurance specialist managing general agent Moonrock is to up its efforts to court the broker market after receiving full authorisation from the Financial Conduct Authority today, Insurance Age can reveal.