Commercial
Zurich partners with brokers on digital risk management system
Zurich UK has launched a digital risk management system to give firms real-time visibility of the risks they face, Insurance Age can reveal.
Tysers’ owner cancels UK joint venture
AUB Group has scrapped plans to create a joint venture for Tysers’ UK retail business with fellow Australian stock exchange listed firm PSC Insurance Group.
Bspoke Group strikes first acquisition after rebrand
Bspoke Group has bought Miramar Underwriting in its first deal since rebranding from UK General last month, Insurance Age can reveal.
Allianz seeks to move closer to brokers with new financial lines team in three regional hubs
Allianz Commercial has formed a financial lines team focusing solely on directors & officers cover and professional indemnity propositions.
Aviva boss David Martin on empowering branches for brokers and delivering growth
Aviva delivered 200 authority and licence changes for underwriters dealing with brokers in just the first quarter of 2023, as it pushed ahead on empowering branches, managing director of UKGI distribution & SME David Martin has told Insurance Age.
The Broker Investment Group takes minority stake in Bedford broker
The Broker Investment Group has taken a 49% stake in Mayfair Insurance & Mortgage Consultants.
2023 UK Broker Awards deadline this Friday
With a deadline of 19 May you have just days left to get your entries in for the 2023 UK Broker Awards.
Clients cutting cover is greatest challenge for brokers - survey
Clients cutting back cover is the greatest challenge brokers face right now, according to a survey taken at the Biba Conference 2023.
Meet the MGA: NBS Underwriting
NBS has doubled the number of agents it works with over the past 12 months. CEO Stan Kaznowski explains how both making ‘brokers’ lives easy’ and getting ahead of the curve with data have been key to the company’s success.
AssuredPartners picks up specialist broker InEvexco
AssuredPartners has bought Kent-based event specialist broker InEvexco.
Axa targets new broker employees with passport training solution
Axa Commercial is poised to launch a new programme aimed at new starters within broking firms.
Applied Systems adds Arch, Ark and Iprism in commercial push
Applied Systems Europe will be adding Arch Insurance, Ark Insurance and Iprism Underwriting to its commercial lines panel, with Epic users able to quote and bind directly with the providers later this year, the software house has confirmed.
Biba renews Lockton PI partnership
The British Insurance Brokers’ Association has renewed its professional indemnity accredited broker contract with Lockton for a further three years.
FR Ball buys Export and General
Abergavenny-headquartered FR Ball has purchased London-based broker Export and General Insurance Services.
Broker Insights rolls out tech upgrade as it covers 20% of broker market
Broker Insights has rolled out a technology upgrade, as it hits a key milestone of covering more than £2bn of commercial gross written premium.
SRG adds to MGA offering with medical professional liability specialist
Specialist Risk Group has bought London and Gibraltar-based The Medical Professional Liability Company.
Howden Group posts M&A cash spend
Documents show how much the broking group spent in cash on UK deals, including Aston Lark and A-Plan.
UK commercial insurance price rises ease again in Q1 – Marsh
Commercial insurance pricing in the UK rose by 3% in the first quarter of the year, down slightly on the 4% uplift in the final quarter of 2022, according to research by Marsh.
Biba urges Government to bring forward ban on sharing property commission
The British Insurance Brokers’ Association urged the Government to bring forward legislation to ban the sharing of commission with property managing agents, freeholders and landlords to create a ‘level playing field and avoid an early mover penalty’.
‘Outraged’ Gove demands immediate penalties on brokers failing on property commissions
An “outraged” Michael Gove is demanding the regulator takes “immediate enforcement action” on brokers who cannot demonstrate their buildings’ insurance commissions are fair value.
Ardonagh buys Stanhope Cooper and Renovation Underwriting
Ardonagh Advisory has signed up to buy a majority shareholding in high-net-worth broker Stanhope Cooper and MGA Renovation Underwriting.
FCA’s Brewis: brokers key to helping curb unjustifiable freeholder commissions
The Financial Conduct Authority recommended insurance brokers interrogate property managers more to justify their commission with the publication of its latest paper on multi-occupancy buildings insurance.
Brokers need to get on the front foot and mirror fee increases of lawyers and accountants
Brokers should follow the lead of other professional services and not be sheepish when it comes to putting up client fees to reflect the value they add.
UK Broker Awards open for entries – get yours in now
The 2023 UK Broker Awards returns this year at a new venue during a new month.