Commercial
Saffron boss David Beswick targeting £60m GWP by 2020
Broker has already struck two deals since being bought by Broker Network this January.
Compare the Market targets SMEs as it partners with Simply Business
Aggregator highlights appetite to grow business and landlords insurance.
Broker Network snaps up Lockyers
Commercial broker brings £5m of GWP and was already a network member.
Ardonagh silent on partial sale of Direct Group to Davies report
All parties decline to comment.
Myth or Reality? The big bad world of big data
Tony Tarquini of Pegasystems shares his view on how AI is changing insurance as well as the opportunities and potential pitfalls for brokers.
Right time for MGB sale, says Charles Manchester
MUM CEO predicts broker will “thrive in a large organisation” as the MGA focuses on underwriting following the deal.
MUM sells MGB Insurance Brokers to Trireme
The firm will sit alongside Oxford Insurance Brokers and James Hampden International.
Tasker takes Graeme Lalley from GRP as COO
Lalley had been CIO at GRP for a year.
Quizzical questions: 31 August 2018
Test your knowledge of the week's news with our topical quiz.
Worcester broker targets acquisitions
Hazelton Mountford is currently working to identify potential buys and seeking brokers with around £3m GWP.
Private equity Apollo lands Aspen for $2.6bn in cash
Deal expected to close in the first half of 2019.
The Blog Spot: Fighting crime
The ABI’s latest research on insurance fraud in the UK did not use the phrase “ghost broking” but it did reference a fraudster being jailed for selling fake motor insurance policies.
Aviva denies being on “big crusade on broker commissions”
Aviva MD of UK intermediaries, Phil Bayles, says distribution costs need to improve in the sector but denies there is a commission problem following dispute with GRP.
Revenue growth for Seventeen Group
Broker points to organic growth as main driver.
Deals boost Finch Commercial’s profit and revenue
Company results for the Broker Network owned firm also reveal a £3m loan from parent company.
LV making “good progress”
Steve Treloar points to personal lines growth and highlights that the insurer has increased its number of broker partners as business moves between LV and Allianz.
LV results hit by weather claims
Profit and COR deteriorates for H1 2018 but GWP increases to £827m amid transfer of business with Allianz.
Biba teams up with Tokio Marine Kiln on drone scheme
Scheme aimed at companies operating drones for commercial or business purposes.
Allianz Insurance takes first step into Lloyd’s
Team moving from LV to focus on fleet.
Commercial business switch from LV to Allianz begins on Monday
Boss Jon Dye silent on future potential acquisition targets.
Podcast: The top five stories of the week
Emmanuel Kenning and Jonathan Swift share their views on the most clicked on articles by brokers.
Operating profit rises at Allianz as COR improves in first half of 2018
GWP flat as business transfers to LV.
Commercial lines firing for Aviva and broker partners, says Bayles
Insurer’s leaders keen on further schemes growth as they report progress in personal lines.
RSA UK posts £39m underwriting profit
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.