Commercial
Accelerant-backed start-up MGA Kayzen targets regional financial lines
Kayzen Specialty, a new specialty managing general agent focused on the London and UK regional financial lines market has been launched.
Arag Group strikes deal for Das UK
Arag Group has signed up to buy Das UK, subject to regulatory approval, in a move that would create a near £200m gross written premium legal expenses insurance business.
Broking Success: Targeting the 100-year milestone
WH&R McCartney is believed to be the oldest independent broker in Scotland. With only a handful of years left to go until its centenary, directors Graeme Robb and Alan Kirkwood are confident of further growth and success for the Motherwell-based firm.
Ian Barclay leaves Ardonagh
Ian Barclay, managing director of Geo Agriculture, has left Ardonagh.
NBS acquires Capital Markets Underwriting
NBS Underwriting has acquired Capital Markets Underwriting, an independent underwriting agency and Lloyd’s coverholder.
Howden to sponsor British & Irish Lions
Howden is to become a principal partner of the British & Irish Lions for the next four years and the official front of jersey sponsor for the upcoming 2025 Lions Tour to Australia.
Opinion: SLAPP legislation changes and the insurance industry
Judges in the UK have been given powers to dismiss lawsuits, labelled by the UK government as intended to curtail the freedom of speech of journalists, at an early stage. Joe Wornham, senior technical underwriter – media liability at CNA Hardy, analyses…
In Depth: Could legal expenses have a role to play as the landlord pressure cooker reaches boiling point?
Specialist legal expenses cover has the potential to turn down the heat as those renting out property face challenges on all fronts, including from the Renters (Reform) Bill. Rachel Gordon investigates.
Think Insurance on the hunt for acquisitions – Russell Bence
Think Insurance is on the hunt for acquisitions, targeting brokers with around £3m of gross written premium, commercial director Russell Bence told Insurance Age.
In Depth: Legal expenses cover… needed more than ever?
Clients may want brokers to advise on how to reduce premiums, but this is the one add-on to hang onto according to providers as Rachel Gordon discovers.
PSC Insurance buys Turner Rawlinson
Australian group PSC Insurance has bought London-based broker Turner Rawlinson, according to filings at Companies House.
Clear buys One Commercial Specialty from Bspoke
Clear Group has continued its push into the managing general agents sector buying One Commercial Specialty from Bspoke.
Stevenson Seacombe Partnership buys 51% of fellow TBIG member Whitefield Insurance
Stevenson Seacombe Partnership has bought a 51% holding in fellow The Broker Investment Group firm member Whitefield Insurance based in Ramsbottom, Lancashire.
New fronting firm to help flush capacity into UK commercial specialty MGAs
A new private-equity backed fronting firm has won approval from the Prudential Regulatory Authority to start business.
Turnover up but profits slip at Thomas Carroll
Thomas Carroll Group grew turnover by 11.2% in 2022, but increased expenses and investment spending knocked profits lower.
Broking telematics under the spotlight as motor insurers withhold or pull capacity
The broking telematics market has had a few setbacks of late with Unipol pulling capacity and Lumun pivoting to become an MGA. But as Saxon East discovers, there are positive signs on the road ahead too.
MGA Inperio launches new PI product for surveyors
Managing general agent Inperio has launched a new product for surveyors, Insurance Age can reveal.
GRP’s Greens buys Petherwicks to grow South East coast footprint
Green Insurance Group has bought Brighton-based Petherwick Insurance Brokers for an undisclosed sum adding to Global Risk Partners’ South Eastern hub.
Jacqui Kelly steps up at Zurich as Michelle Taylor heads to Aviva
Zurich has confirmed that Jacqui Kelly, head of strategic accounts, will take on the role of head of sales and distribution on an interim basis succeeding Aviva-bound Michelle Taylor.
Ardonagh Advisory scores hat-trick of broker buys with AMS Insurance Solutions
Ardonagh Advisory has struck its third broker deal in a week buying AMS Insurance Solutions.
Aviva adds Michelle Taylor from Zurich amid commercial lines and distribution restructure
Aviva has recruited Michelle Taylor from Zurich as it unveiled new structures for its commercial lines business, consisting of SME, Global Corporate and Specialty and distribution.
MGAs fear regulatory scrutiny will deter new entrants and diversification
Nine in 10 managing general agents believe that regulatory scrutiny will increase over the coming year, potentially deterring more entrants into the space.
Brokers warn insurers they risk losing more business to MGAs
Mainstream insurers need to heed the lessons of the post pandemic decline in service or face losing more market share to managing general agents.
Verlingue grows turnover and profit in 2022
Verlingue UK boosted turnover by 6.8% in 2022 to £19.51m, as profits also rose.