Commercial
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.
Clear Group in double broker swoop
Clear Group has sealed a pair of broker deals, buying Mayor Broking and MJB Finningley.
GRP buys London-based commercial broker KPTI
Global Risk Partners has bought SB2, the holding company for KPTI, which trades as IS Insurance Solutions.
Ardonagh snaps up Sentinel for Ethos
Ardonagh Advisory has struck its second deal of the week buying self-drive hire specialist Sentinel Insurance Solutions.
Withers replaces Fletcher as Ecclesiastical schemes boss
Chris Withers is to head up Ecclesiastical Insurance’s schemes business following the retirement of Tony Fletcher, the insurer has announced.
ABI reveals soaring trade credit claims
The Association of British Insurers has revealed member trade credit insurers received 5,300 claims for businesses in the first quarter of 2023, up 81% on the same period last year.
Howden buys Media Insurance Brokers International
Howden has bought UK and Irish film and television specialist Media Insurance Brokers International.
Former CII COO Bissell appointed Cila executive director
The Chartered Institute of Loss Adjusters has appointed John Bissell as executive director. He will take on the leadership role in September 2023.
Clear Group strikes first MGA deal
The Clear Group has acquired a 50% shareholding in Thomond Underwriting based in the Republic of Ireland and Northern Ireland, the broker’s first MGA deal.
Jensten snaps up broker to head Northern regional hub
Jensten Group has bought Lake District-based Simpson and Parsons to become its Northern regional centre of excellence.
Ardonagh acquires PB Curran and rolls it into Ethos
Ardonagh Advisory has acquired PB Curran, an independent broker specialising in commercial, landlords, farming and private clients insurance.
The Broker Investment Group buys out Hallsdale Insurance Brokers
The Broker Investment Group has bought out Kettering-based Hallsdale Insurance Brokers, having previously invested for a 30% stake in 2018.