Insight
Open GI extends into commercial with Ark tradesperson cover
Open GI has partnered with Ark Insurance Group to add a tradesperson offering for brokers and further extend its commercial lines panel.
My Perfect Insurance Week: Beverley Bates, Markel Law
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Beverley Bates, advice services director at Markel Law, shares her thoughts.
Aviva shares ease back after takeover rumour driven surge
Aviva shares raced ahead by 10% earlier today, as rumours of a takeover swirled, but have since eased off to being 7% up as analysts dampened expectations of a deal.
Has the FCA’s new appointed representatives regime agenda hurt the sector?
The Financial Conduct Authority’s new regime for appointed representatives came into force in December last year. It puts a fresh burden on those working in the AR sector. What has the impact been?
PIB promotes Zach Gray to CEO of specialty division
PIB Group has promoted Zach Gray from deputy to CEO of its speciality division succeeding Steve Redgwell who has taken on the role of chair.
People Moves: 2 – 6 October 2023
Keep up to date with the latest insurance personnel moves.
Brown & Brown buys Berkeley Insurance
Brown & Brown, has acquired 100% of the share capital of Berkeley Insurance, one of the UK’s largest independent insurance brokers.
Profile – David Martin, Aviva: Taking action
With two new trading sites on the horizon, more underwriters and authority in the regional network, a record number of apprentices and increased use of artificial intelligence, Aviva leader David Martin is bullish about pushing ahead with brokers.
Patons expands into professional drivers market
Taxi specialist Patons Insurance has enlarged its portfolio, adding professional drivers to the roster as it looks to grow nearly 50% in the next three years.
Partners& boosts turnover by 54% and cuts operating loss by nearly two-thirds
Partners& grew its turnover by 54% to £34m in the last financial year and reduced its operating loss by over £8.5m, Insurance Age can reveal.
FCA not banning commission for brokers, says Sheldon Mills
The Financial Conduct Authority is not looking to ban or set commission levels, but brokers have more work to do in valuing their services, according to executive director of consumers and competition Sheldon Mills.
Aviva targeting two new broker branches in 2024
Aviva is eyeing up opening two new offices next year, Insurance Age can reveal.
Resilience ups cyber limits with RSA/Accredited capacity deal
Cyber insurance provider Resilience has expanded its underwriting capacity limits to £10m for insureds in the UK and European Union.
PIB buys RBIG
PIB Group has bought Manchester based commercial broker RBIG including RBIG Corporate Risk Services and RBIG Financial Services.
My Perfect Broker Week: John Batty, Bridge Insurance
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. John Batty, director of technical services at Bridge Insurance shares his thoughts.
Premfina ‘on track to disrupt’ premium finance market amid staff doubling
Premfina is ‘on track to distrupt’ the premium finance market after investment flowed into the insurtech, according to sales and marketing director Paul Trail.
Complete Cover trims losses as turnover and headcount more than halve in 2022
Complete Cover Group has confirmed cutting its headcount to 91 last year, down from 281 in 2021.
Ripe grew turnover 17% in 2022
Insurtech Ripe grew turnover by 17% in 2022 to £27.2m as policy count also rose in the year.
Ten Insurance swings back to profit in 2022 before Acrisure sale
Appointed representatives network Ten Insurance Services swung back to a post-tax profit of £305,789 in 2022, reversing a loss of £101,425 in 2021.
Think Insurance buys Ashby Wray
Think Insurance Services, a specialist motor broker based in the West Midlands, has struck its second deal buying Ashby Wray Insurance Brokers.
Rebranded GRP reveals loss and deal spend for takeover year
Global Risk Partners, now known as Brown & Brown Europe, spent £150m on 18 deals in the past nine months of 2022 as the sale of the consolidator completed, according to a filing at Companies House.
A-Plan and Aston Lark names disappear with Howden rebrand
Howden has rebranded A-Plan and Aston Lark, introducing its own name to 215 locations across the UK and Ireland.
My Perfect Broker Week: Taveo’s Ed Halsey
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Taveo’s co-founder and chief operating officer, Ed Halsey, shares his thoughts.
Biba welcomes FCA flat insurance reforms
The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority’s rule changes on residential multi-occupancy buildings insurance.