Commercial
People moves: 1-5 November 2021
Keep up to date with the latest people moves in the insurance sector.
Gallagher appoints Derek Henry to lead micro-SME
Henry, formerly of Brightside, will also be MD of personal lines as the broker zones in on digital innovation.
News analysis: Consolidators put up 'for sale' signs
Following Howden’s acquisition of Aston Lark, Insurance Age reached out to M&A advisers and brokers to get some insight into the future for the current crop of consolidators.
Aston Lark buys Bainbridge Collins in Birmingham
Consolidator says latest deal will enhance its mid-corporate capability in the West Midlands.
NFP buys Wolverhampton broker
The US-based company adds Top 100 business KGJ Insurance Services Group to its stable at it continues its expansion in the UK.
Geo expands political violence and terrorism cover
Geo Specialty has broadened its UK political violence and terrorism policies, widening the scope of its business interruption insurance to cover loss of profits even after the property has been rebuilt and reopened.
Are you ready for Broker Expo?
The agenda for the event, which takes place on 11 November, has been revealed so sign up today and secure your place.
Percayso unveils no-code data enrichment product
The solution is available to brokers, insurers and MGAs across personal and commercial lines.
Occam buys Beech Underwriting
Beech Underwriting is a specialist in terrorism insurance.
CFC adds EQT to investor panel
Vitruvian, which has backed the cyber specialist since 2017, also remains on board as a financial backer.
Thomas Carroll buys Cardigan broker
Delwyn Griffiths has joined the independent insurance broker.
PIB expands into Spain
Consolidator buys Cicor in its first acquisition in the Spanish market as it continues its European expansion.
GRP takes stake in Hedron member
All Med Pro is GRP's first minority investment with a network member.
Aston Lark buys Absolute Products in 24th deal of the year
Latest acquisition comes after it was announced that Howden is to buy the consolidator, creating a £6bn GWP giant.
FCA warns brokers have "failed to understand" impact of product governance rules
In a Dear CEO letter to the industry, the regulator highlights that the rules, which came into force on 1 October, apply to all personal and commercial lines brokers.
Allianz launches sustainable procurement charter
With this charter, Allianz says it aims to encourage suppliers to reduce carbon emissions, recycle waste, use renewable energy, and consider biodiversity.
Beazley sets up ESG specialist syndicate
The organisation will focus on providing capacity to businesses that perform well on environmental and social governance metrics.
Seventeen Group expects further growth in 2022
CEO Paul Anscombe flags how M&A and organic growth are helping the business expand despite the £670,000 cost of Covid.
Blanc aims to double Aston Lark business for Howden
Peter Blanc details opportunities for Aston Lark now it is off the private equity “rollercoaster” and part of another employee-owned broker.
Clear Group announces management developments
The business has made a number of promotions across the business including BHIB and Brokerbility.
Howden buys Aston Lark
The deal is Howden’s largest acquisition to date and creates a £6bn GWP UK business in “deal a decade in the making”.
Bollington reveals final set of financial results before Gallagher takeover
The broker, which was bought by Gallagher earlier this year, reports increases in turnover and profit for 2020.
Seventeen Group blames Covid and M&A costs for profit slip
Despite a sharp drop in pre-tax profit, the broker managed to achieve increased turnover for the year ended 31 December 2020.
Climate activists set up memorial in latest protest targeting Lloyd's
Hundreds of flowers and floral wreaths were laid outside the building in the latest attempt to stop Lloyd's of London from insuring fossil fuel projects.