Commercial
QBE launches contractors combined for mid-market
QBE has launched a contractors combined product targeting the evolving needs of middle market construction customers.
ABI puts February storm payouts at £500m
The Association of British Insurers has updated that insurers are facing a £497m bill from storms Dudley, Eunice and Franklin which battered the UK in February.
Arag posts £1.9m pre-tax profit for 2021
Arag has reported a pre-tax profit of £1.9m for 2021, up on the £500,000 achieved the year before.
Blog: Bona fide sub contractors – a hard sell?
Martino D’Aliesio, lead underwriter – casualty at Ensurance, on the key questions for brokers to guide their construction clients through the complex bona fide sub contractors area.
Property pricing up 9% in Q1
Insurance pricing in the UK increased by 20% in the first quarter of the year but this was down on the 22% rise in Q4 2021, according to the latest research by Marsh.
McClarrons opens in Hull
The independent broker has set up a branch in Hull adding to its Malton headquarters.
Profit and turnover up at One Broker as firm eyes acquisitions
One Broker has posted a 21.2% rise in Ebitda to £2.15m in its latest set of annual results driven by schemes success.
Aviva calls on brokers to play key role in protecting clients from cyber risk
Aviva has urged brokers to help educate customers on how to improve resilience and ensure they have taken reasonable steps to protect themselves following alerts from government agencies that the commercial world faces an increasing risk of an online…
Lloyd & Whyte grows revenue in 2021
The holding company of Lloyd & Whyte has reported a 22.2% increase in turnover in 2021 as acquisitions boosted the total to £23.4m.
GRP’s County Group buys again in Wales
Global Risk Partners-owned County Group has bought 100% of the share capital of Archenfield Insurance Management in Wales.
Zurich opens regional office for East Anglia in Chelmsford
Zurich UK has moved to strengthen its relationships with brokers by opening a regional office in Chelmsford to service the East Anglia area.
Mason Owen Financial Services completes MBO from parent company
Commercial property agency Mason Owen & Partners has sold its majority shareholding in broking arm Mason Owen Financial Services and its subsidiary companies to the current management team led by managing director Andrew Gibbons.
AbbeyAutoline buys BMG Insurance
Portadown-based BMG Insurance is to be acquired by AbbeyAutoline for an undisclosed sum.
Howden buys SPF Private Clients
Howden has signed-up to buy SPF Private Clients for an undisclosed sum, subject to regulatory approval.
Iprism posts increased profit in run-up year to MBO
Iprism Underwriting Agency has reported a 9.7% increase in profit for the year ended 30 June 2021.
Biba develops trade credit guide
The British Insurance Brokers’ Association has launched a new guide explaining the need for, and the benefits of, trade credit insurance.
Konsileo grows staff to 75
Konsileo has doubled the size of the team and now controls around £25m in run rate gross written premium and is looking to grow further in 2022 with a fresh funding round set to close soon.
PIB snaps up international wholesale specialty broker Guest Krieger
The London Market broker writes specialty business mainly emanating from Israel but also from more than 30 other countries.
Analysis: The Yanks are coming
US-broker Brown & Brown has firmly stuck its flagpole into UK soil by buying GRP. David Worsfold considers what this means for the wider sector and asks if more US-firms will stake their claim on the consolidators.
FCA puts broker commission under the spotlight in multi-occupancy property insurance review
The regulator’s survey includes asking if brokers have a bribery and corruption policy and a request for a copy.
PIB buys Bailey Garner (Health & Safety)
The deal adds nearly 20 staff to the consolidator’s risk management business taking the total headcount to approaching 80.
AUB Group confirms Tyser deal talks
The Australia and New Zealand-based broking and underwriting group said no terms have been agreed.
Analysis: The inflation challenge
The ever-increasing rate of inflation in the UK and certainty of more to come has led to warnings of challenges for brokers and insurers alike with issues ranging from difficult conversations on premium rises to underinsurance and the prospect of turning…
New RSA CEO Ken Norgrove promises to fix current “average” broker service
The insurer is keen to grow in SME in partnership with brokers but will not be targeting micro business.