Commercial
Review of the Year 2022: Sean Kemple, managing director, Close Brothers Premium Finance
In the latest part of Insurance Age's review of the year Sean Kemple, managing director, Close Brothers Premium Finance offers his reflections on 2022 and predictions for the next 12 months.
Brokers urged to tighten safeguards amid threat of client underinsurance backlash
Brokers are being urged to tighten safeguards amid the threat of businesses, suffering problems from underinsurance, taking legal action.
SRG spent £58.9m on buys in 2021
Specialist Risk Investments, which trades under the Specialist Risk Group brand, spent £58.91m on five acquisitions in 2021, a filing at Companies House has revealed.
Half of all UK businesses underinsured: Aviva
As many as 50% of all UK businesses are underinsured, according to Aviva estimates.
Video Q&A: NMU’s Guy Smith on being voted best commercial insurer by brokers
In this video, head of marine and specialty at NMU Guy Smith speaks to Insurance Age content director Jonathan Swift about its success in the annual Insurance Age Broker Satisfaction Survey.
Only 8% of broking CEO and 5.4% of chair roles held by women
With gender diversity falling in key regulated senior management functions at brokers and lagging behind the low levels in the FCA-regulated financial services sector Insurance Age takes a deep-dive into which posts are held by women as our Broker…
Video Q&A: Close Brothers Premium Finance on how brokers can grow business in challenging times
Seàn Kemple of Close Brothers Premium Finance discusses the factors affecting business growth in the current market and the opportunities afforded by premium finance
QBE launches new financial lines product
QBE Europe has launched a new warranty and indemnity product due to increased mergers and acquisitions.
Stark FOI data reveals scale of broking’s gender diversity leadership gap
Broking’s lack of gender diversity in key senior management function roles has got worse since 2020 with the sector also falling behind the current low levels set by the FCA-regulated financial services industry, a Freedom of Information request by…
The stats: Q3 - Feeling the squeeze as commercial continues to climb
Recent figures for Q3 from Acturis show policyholders remain under intense pressure as premiums rise across all business classes, reports Rachel Gordon
RSA can no longer 'hide behind the screen' to engage brokers - Catherine Frost
Stakeholder engagement with brokers is a priority for increased visibility, according to RSA regional managing director Catherine Frost.
Pressures on fleet market push rates upwards
Figures from Acturis and opinion from market specialists indicate that fleet rates now look set to rise after many months of premium falls and stagnation.
Broking Success: Partnership power
Stuart Reid, non-exec chair of Partners&, explains why a penchant for buying does not make the broker a consolidator and how staying true to its founding ideals has helped it grow – with more to come
Miller launches new D&O product
Miller has launched D&O Construct, a new product for the UK construction sector, designed with Dual.
In Depth: Niche lines - The media sector after Covid-19
The entertainment and media sector was massively impacted by Covid-19 as many events and productions ground to a halt. As it recovers, Ed Murray looks at changing risk profiles and challenges brokers need to factor in when placing business in the space
In Depth: Niche lines - Helping out the third sector
With inflation running at more than 11%, the highest rate since 1981, the charity sector faces increasing demand for its services due to the cost-of-living crisis at a time when it is under immense pressure to keep its own operations intact. Ed Murray…
Xenia buys trade credit specialist Linda Scott Associates
Xenia Broking Group has signed up to buy the trade credit insurance business of Glasgow-based Linda Scott Associates in a deal expected to complete on 22 December.
Gallagher calculates 40% of commercial properties underinsured
Gallagher has assessed that two in five commercial properties in the UK are currently underinsured with the problem hitting a record high.
Turnover tops £20m at Alan Boswell after reshuffle
Alan Boswell Insurance Brokers has posted a 50% leap in turnover to £20.75m in the year to 31 March 2022 after a re-organisation brought two sister-companies into the firm.
Ardonagh buys £20m GWP PI specialist broker
Ardonagh Advisory has added to its professional indemnity portfolio buying The Professional Broking Group which trades as The Professional Indemnity Company.
Residential property specialist Deacon rebranded to Gallagher
Specialist residential property broking business, Deacon, will be rebranded as Gallagher on 5 December, the consolidator has confirmed.
Zurich UK names new head of UK commercial insurance
Zurich has announced Frank Streidl as the new UK head of commercial insurance, starting his position from 1 January 2023.
One Broker buys Uttings Insurance Brokers
East Anglia’s One Broker Group has bought Uttings Insurance Brokers in Norfolk for an undisclosed sum.
Aviva’s Yabantu: Work to be done, but underinsurance message is cutting through
Aviva’s new director of mid market, schemes & regional speciality Michael Yabantu, believes that its efforts to raise the profile of the underinsurance issue are getting through to brokers and end-customers.