Insight
TBIG broker aims to become ‘South West powerhouse’ after latest buy
Mark Richard Insurance, part of The Broker Investment Group, has acquired a 75% stake in Portal Broking Group.
People Moves: 24 – 28 November 2025
Follow the latest personnel moves in insurance.
What does the 2025 Budget mean for insurance brokers?
On Wednesday afternoon, after weeks of speculation (and an unprecedented early leak by the Office for Budget Responsibility), the Chancellor finally revealed her second Budget. Tom Golding, PKF Littlejohn partner considers some of the main tax changes…
Zurich’s Brumpton looks to build on ‘best job nobody’s heard of’
Zurich’s head of engineering, Iain Brumpton, highlights the impact of its engineers finding 400,000 faults a year in the “best job nobody’s heard of”, and the opportunities to work with the wider insurer’s group.
FOS plans to hike levies to £86m
The Financial Ombudsman Service has opened a consultation on raising its compulsory levy from £70m to £86m in 2026/27 having kept it flat for two years.
Partners& enters Lloyd’s market buying 3DI
Partners& has acquired 3 Dimensional Insurance, marking its entrance into the Lloyd’s market, in its second deal of the week.
US broking giant Alliant makes UK debut with consolidator investment
Ex-Kentro [formerly Nexus Underwriting] founder and CEO Colin Thompson has launched joint venture Sodalis Capital with Alliant and BP Marsh backing.
Podcast: Reid and Clegg present Double Indemnity – episode four, Intact’s Ken Norgrove
Industry provocateurs Stuart Reid and Toby Clegg interview Intact Insurance CEO Ken Norgrove in the latest edition of Insurance Age’s Double Indemnity podcast series.
Cullum-backed MBP takes minority stake in Sturdy Edwards
Minority Broker Partnerships has bought a minority stake in East Grinstead-based Sturdy Edwards (Insurance Brokers).
Survey finds over one-third of SMEs have not renewed standalone cyber cover
Coalition has found nearly three-quarters of UK SMEs have been affected by a cyber incident in the last five years.
Gary Duggan to lead Hood Group as CEO steps down
Hood Group CEO Simon Hood has stepped down, with Gary Duggan taking over as interim executive chairman, Insurance Age can reveal.
CFC aims to open up new cyber income streams for brokers with launch
Specialist insurance provider CFC has unveiled a new tool it claims will help make cyber insurance more appealing to a broker’s SME clients.
Nicol returns to Marsh to lead in Scotland
Kevin Nicol has been appointed managing director for corporate and commercial in Scotland at Marsh, returning to the broker and succeeding Jon Webb.
Pub chain Stonegate hits Marsh with £85m negligence claim
Marsh is being sued by Stonegate in a case the pub company’s lawyers have defined as “of interest to both the insurance and hospitality sectors in examining the professional standards brokers should be held to when placing insurance for groups of…
Partners& makes double acquisition with Avenue and Ko-bolt deals
Partners& has purchased two businesses, specialist trade credit and surety bond broker Avenue Insurance Partners and B2B debt recovery business Ko-bolt International, in a move to boost its wider proposition.
FCA insurance skilled person investigations tick up again
The Financial Conduct Authority commissioned two skilled person reports in the insurance sector during the second quarter of 2025/26, following on from one in Q1 and a recent record total in 2024/25.
Former Jensten Wholesale MD Taylor joins MGA Exance
Simon Taylor has joined managing general agent Exance as CEO.
Allianz hails mini-fleet progress as NCD conversion returns to Acturis
Allianz will be rolling out mini-fleet through Bravo Digital Trader next year, Insurance Age can reveal, following on from reinstalling an NCD conversion service on Acturis via imarket business this month.
HNW brokers risk relationships turning “transactional” due to workloads
Many high net worth brokers are failing to engage with clients as much as they should because they are over-stretched, lack confidence and time poor, creating relationships that are merely transactional.
Neal to be paid $2.7m by AIG despite not joining the insurer
John Neal is set to receive a $2.7m (£2.06m) payout by AIG according to an SEC filing, following his employment at the insurer being cancelled before he came on board.
Sheldon Mills exiting FCA – report
Sheldon Mills, executive director for consumers and competition at the Financial Conduct Authority, is leaving the regulator.
Broker given five years prison sentence for stealing over £133,000
An insurance broker who diverted payments totalling more than £133,000 into his own personal bank account leaving clients without cover and faking claims has been sentenced to more than five years in prison.
Ex-Ardonagh and Clegg Gifford leader joins Kingfisher as private client head
Kingfisher has named Richard Miller as head of private clients and specialist motor trade.
FCA reveals green sweep for broker-related authorisations
The Financial Conduct Authority achieved across the board success in its broker-related authorisation categories between July and September, its first ‘green sweep’ in the data series.