Insight
Half of brokers struggle to recruit those aged under 30
Two thirds of brokers (64%) claim recruiting young talent is a strategic challenge for their business, according to research by Ecclesiastical, Insurance Age can reveal.
Economic Secretary Emma Reynolds supports calls for proportionate regulation
At the British Insurance Brokers’ Association manifesto launch Economic Secretary to the Treasury Emma Reynolds stated regulation “must be proportionate”.
Manifesto 2025: A ‘golden opportunity’, says Biba
The British Insurance Brokers’ Association has unveiled its 2025 Manifesto, titled ‘Partnering to deliver value’, labelling the year as a golden opportunity on regulation.
Broker optimism on the up in fleet
Direct Commercial’s latest broker barometer has found 56% of brokers experienced difficulties in securing coverage for smaller fleets in the last quarter, a slight improvement from 60% earlier in the year.
UK car insurance premiums see biggest annual fall in more than 10 years
For the fourth quarter in a row comprehensive car insurance premiums have dropped in price, according to the latest Confused and WTW research.
SMEs satisfaction with insurance ended 2024 on a high – CII
Overall SME satisfaction with insurers rose to 83% in the final quarter of last year, according to data released by the Chartered Insurance Institute.
Premium finance: industry welcomes Supreme Court appeal and hopes for clarity
As evidenced by differing actions by premium finance specialists in recent months there are differing views in the market, but the hope remains that a Supreme Court case on motor finance, to be heard on 1-3 April, can help to bring clarity.
Insurtech enters new product vertical after broker tie-up
Broker PJ Hayman has teamed up with Urban Jungle to offer travel insurance to the insurtech’s home policyholders.
Keys Premium Finance partners with Touchstone
Keys Premium Finance has partnered with Touchstone Underwriting, Insurance Age can reveal, to bring products and personal service to brokers.
CEO Dave Clapp sets £400m target for The Broker Investment Group
The Broker Investment Group is aiming for 10 deals this year and double-digit organic growth to help reach its new target of £400m of gross written premium by the end of 2028, Insurance Age can reveal.
Brown & Brown rebranding 100 brokers
Brown & Brown is rebranding approximately 100 brokers as it unifies its UK retail broking operations in the first quarter of 2025.
Commercial Express adds Irwell to panel of insurers
Managing general agent Commercial Express has partnered with Irwell Insurance which has joined its panel of insurers.
Acorn Group buys telematics specialist MyPolicy
Merseyside-based Acorn Group has bought MyPolicy, a telematics insurance broker specialising in young drivers and low mileage drivers.
MarshBerry: Labour CGT change sees 2024 hit deal record after 41 buys in Q4
The final three months of 2024 saw the second highest number of quarterly broker deals, according to the latest M&A market update from MarshBerry.
Van Ameyde UK to come under Woodgate & Clark brand
Woodgate & Clark and Van Ameyde UK have confirmed plans to become one integrated business under the Woodgate & Clark brand.
Aviva continues regional push with five underwriting hires
Aviva has revealed five underwriting hires across the South West and Wales region as it continues its regional push.
People Moves: 2 – 10 January 2025
Follow the latest insurance personnel moves.
Partners& close to breaking even as turnover jumps £10m
Partners& has reported a pre-tax deficit of £55,954 for the financial year to March 2024, as it slashed losses again.
Ecclesiastical recruits Medlicott as UK casualty director
Ecclesiastical Insurance has appointed James Medlicott as UK casualty director, joining in March from HDI Global where he was director for liability underwriting.
Ex-Axa COO Vasudeva returns to Hiscox
Hiscox has named Shali Vasudeva as group chief operations and technology officer, returning to the insurer after leaving for Axa in 2019.
Analysis: As we enter 2025 let’s ask one big question: ‘What will Marsh do next?’
Gallagher, Aon, Ardonagh and Howden have all had a busy 12 months in terms of consolidating their positions within the UK’s top five insurance brokers table. Their fellow intermediary powerhouse Marsh, however, has been comparatively quiet. Jonathan…