Commercial
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.
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.