Commercial
DLG’s Bryson to replace Mooney as RSA commercial MD
RSA Insurance has announced that Sonya Bryson will replace Lee Mooney as commercial lines managing director, effective from 1 May 2024, subject to regulatory approval.
Markerstudy weighing up Northern Ireland options as it exits short-term market
Markerstudy has confirmed to Insurance Age that it plans to withdraw from the short-term motor insurance market.
Prosura hits £3m GWP in a year
Prosura has already reached £3m gross written premiums, according to Jon Newall, managing director, since it began trading at the beginning of 2023.
Deals and organic growth boost Howden revenue to £2.44bn
Howden grew revenue by 33% to £2.44bn in the year ended 30 September 2023 on the back of 56 acquisitions and 13% organic growth.
Brown & Brown buys Kent-based Stewart & Partners
Brown & Brown has bought out Oxlea Investments, trading as Stewart & Partners, to become part of its South East retail hub Green Insurance Group.
NBS launches hospitality product
NBS Underwriting has launched a multi-location hospitality insurance product.
UK commercial pricing flat in Q4 – Marsh
UK commercial insurance pricing was flat in the final quarter of 2023 having posted its first fall in years in Q3, according to the latest research by Marsh.
Aviva leaders on simplification for brokers at heart of changes
Aviva’s 2023 actions will see it move up the gears with brokers this year, according to leaders Ryan Birbeck and Michael Yabantu.
Interactive insurance broker UK M&A Map 2024
In 2023, Insurance Age reported on 114 UK broker deals with Brown & Brown Europe leading the way with 21.
Aon post 5% commercial organic growth for 2023
Aon has reported 5% organic growth in its commercial risk solutions business to $7.04bn (£5.52bn) in 2023 as profits across the global giant slipped year-on-year.
AM Best sees positive implications for Folgate rating after Hadron deal
AM Best is reviewing the ratings of Folgate Insurance after the takeover by Hadron, flagging Folgate is expected to be “strategically important” to the US hybrid carrier.
US insurer Hadron enters UK market with Folgate takeover
Hybrid carrier Hadron, which launched in 2023, has bought Folgate Insurance Company for an undisclosed sum.
Jensten strikes first deal of 2024 with Home Counties buy
Jensten has bought community broker Melville Burbage, its first deal of 2024.
JMG Group’s Astute makes first buy with property specialist
Astute Insurance Solutions has bought property specialist Sandhouse Insurance in its first deal since becoming part of JMG Group in 2022.
RSA launches resource hub for broker profin clients
RSA Insurance has launched a bespoke online resource hub to help broker clients protect and manage their business.
Aviva boosts group accident and travel products with wellbeing package
Aviva has added mental health support to its group personal accident and business travel products in a move it labelled “a first for the industry”.
Ardonagh strikes deal to sell Robus to Strategic Risk Solutions
Ardonagh has agreed to sell captive and insurance management group Robus to insurance company manager Strategic Risk Solutions.
Howden buys AHR Consultants
Howden has bought Rugby-based AHR Consultants, bolstering its risk management capabilities in the UK.
NBS launches excess of loss liability insurance
NBS Underwriting has launched excess of loss liability insurance in a move it flagged enables brokers to offer an additional £5m of public liability cover beyond primary level limits.
Administrators appointed at insurtech Humn after sale fail
Commercial motor insurtech Humn has appointed administrators after a failed Series B fund raise and aborted efforts to sell its assets.
Fitch: Improving outlook for insurers but no room for complacency
The effect of “baked in” pricing improvements and easing economic headwinds gives an improving outlook for insurers this year, but will only make it less bad than 2023, according to Fitch.
Gallagher hails 8% Q4 organic growth in retail
Gallagher grew UK and Ireland retail business by 8% organically in the final quarter of 2023, while the specialty division achieved a 16% organic uplift, the broker has confirmed.
Interview: Carolyn Callan, Brown & Brown
Three months into the role at her “forever” home of Brown & Brown, Carolyn Callan explains her plans and priorities to Emmanuel Kenning.
Brown & Brown rolls out on Acturis
Brown & Brown is moving its retail platform to Acturis, Insurance Age can reveal.