Commercial
PIB snaps up residential property specialist broker
PIB has completed its second acquisition in less than a week, buying property broker St Giles.
Axa Commercial boosts regional footprint with Southampton branch
Axa Commercial has opened in Southampton – its 13th UK branch – in line with its commitment to growing its regional trading footprint.
Partners& adds two brokers
Partners& has bought Weybridge-based Richard Thompson Insurance Brokers and Leicestershire-based Regent Healthcare, Insurance Age can reveal.
Verlingue to open Birmingham office in growth push
Verlingue has revealed plans to open an office in Birmingham by the summer as part of its strategy to expand in the Midlands and South West of England.
Covéa jobs at risk amid £145.5m loss
Covéa has been hit by an ‘unprecedented’ series of events leading to a £145.5m loss in 2022.
Momentum delivers double-digit profit and revenue growth in 2022
Appointed representatives network Momentum Broker Solutions grew revenue by 17% in 2022 to £11.69m, as profit before tax leapt 43% to £1.11m.
Aviva still weighing up Lloyd’s re-entry as part of GCS strategy
A Lloyd’s market re-entry is still under consideration by Aviva, according to its CEO of UK & Ireland general insurance, Adam Winslow.
Meet the MGA: Loadsure
After two decades in the London market Johnny McCord decided the time was right to set up his own business. The Loadsure CEO and founder explains how a light bulb moment led him reinventing cargo insurance as a ‘true’ insurtech.
PIB buys Bristol-based PI broker Pure Risks
PIB Group has acquired specialist professional indemnity insurance broker Pure Risks.
Miller CEO targets growth at ‘greater pace’ as revenues top £200m
Lloyd’s broker Miller has marked its second anniversary as an independent broker with revenues breaking through £200m, it announced today.
Aston Lark recruits Boswell duo to open Norwich office
Aston Lark has opened a new office in Norwich, which will be headed by former Alan Boswell director James Monkhouse.
NFP snaps up Gravity Risk Services
Acquisitive broker NFP has bought Gravity Risk Services for an undisclosed sum.
Clear Group buys first international broker with MBC deal
Clear Group has acquired Irish commercial broker McAuliffe Barry & Collins Ltd (trading as MBC Insurance and Techinsure.ie), its first deal outside the UK, Insurance Age can reveal.
Cowbell enters UK cyber market targeting SME brokers
US cyber specialist Cowbell has entered the UK market with plans to sell its products exclusively through brokers.
The Needham Group buys PJ Insurance Brokers
The Needham Group has bought PJ Insurance Brokers, adding £2.5m gross written premium to the firm and taking its GWP total to more than £12m.
Ardonagh Advisory announces first new deal of 2023 with Pace Ward buy
Ardonagh Advisory has announced its first new deal of the year with the purchase of Stoke-on-Trent based broker Pace Ward and revealed it has an “impressive pipeline of M&A”.
JMG establishes new division after second motor deal in a month
Specialist HGV and motor trade insurance broker New Era has made its first acquisition within weeks of becoming part of the JMG Group.
Biba launches computer insurance scheme
The British Insurance Brokers’ Association has launched a new computer scheme, provided by specialist insurer HSB, to help protect computer hardware and portable equipment.
Spring Insure looks to court brokers in UK professional indemnity launch
Managing general agent Spring Insure has launched a commercial professional indemnity product in the UK and Ireland with backing from a new capacity provider.
GRP’s NE hub Castle buys M R Lonsdale
Castle Insurance Services has made its first acquisition since becoming the North-East hub of Global Risk Partners in May 2022 by swooping for fellow Durham-based broker M R Lonsdale.
UK General lost £7.4m ahead of sale
UK General Insurance lost £7.41m in its financial year before being snapped up by RCapital and Montague, Insurance Age can reveal.
Brokerbility teams up with Broker Insights on bespoke service for members
Brokerbility has signed up with data provider Broker Insights to deliver a bespoke platform for members, Insurance Age can reveal.
Nadia Côté to lead Allianz Commercial in UK
Allianz Group named Nadia Côté as commercial managing director UK, effective 1 May.
Bruce Stevenson reveals growth and plans for Hogg to succeed Bruce as CEO
Howden-owned Bruce Stevenson has reported a 30% increase in turnover to £11.7m with profits up 33% to £3.9m and revealed CEO succession plans.