Insight
Administrators appointed at insurtech Humn after sale fail
Commercial motor insurtech Humn has appointed administrators after a failed Series B fund raise and aborted efforts to sell its assets.
Benefact Group adds Access Insurance
Specialist charity broker Access Insurance has joined the Benefact Group as the latest addition to the growing broking and advisory division.
Howden claims “first of its kind” with carbon capture and storage insurance facility launch
Howden has launched a product that it claimed will “unlock vital investment to support the global transition to net zero”.
Interview: Olga Collins, CEO of the Worldwide Broker Network
Since Olga Collins took on role of CEO at the Worldwide Broker Network in April 2021, it has added 30 new members around the world and focused on its IT growing customised solutions for its brokers.
Fitch: Improving outlook for insurers but no room for complacency
The effect of “baked in” pricing improvements and easing economic headwinds gives an improving outlook for insurers this year, but will only make it less bad than 2023, according to Fitch.
Gallagher hails 8% Q4 organic growth in retail
Gallagher grew UK and Ireland retail business by 8% organically in the final quarter of 2023, while the specialty division achieved a 16% organic uplift, the broker has confirmed.
People Moves: 22 – 26 January 2024
Follow the latest insurance personnel moves.
Revenue up 8% at Marsh in 2023
Marsh boosted annual revenue by 8% to $11.38bn (£8.94bn) in 2023, as profits at parent Marsh McLennan grew.
Nick Harris to leave Marsh
Nick Harris is no longer taking up the role as CEO of UK retail and will be leaving the broker.
Ardonagh-owned Price Forbes launches real estate and legal indemnity practice
Price Forbes, part of Ardonagh Specialty, has launched a real estate and legal indemnity practice led by managing director of real estate Mark Manwaring.
Brown & Brown opens retail office in Newcastle
Brown & Brown has opened a retail insurance broking office in Newcastle, the first branded business in the sector under its new identity.
Travelers steps back from Biba partner status
Travelers did not renew its partnership status with the British Insurance Brokers’ Association on 31 December 2023, but will be exhibiting at the trade body’s conference in Manchester this May.
Interview: Carolyn Callan, Brown & Brown
Three months into the role at her “forever” home of Brown & Brown, Carolyn Callan explains her plans and priorities to Emmanuel Kenning.
NFP boosts London presence with Advanced Insurance Consultants buy
US-headquartered broking firm NFP has purchased London-based Advanced Insurance Consultants to develop its client base in the London and the wider South East areas.
Amazon to shut Insurance Store after just over a year
Amazon is closing its UK Insurance Store, which was launched with great fanfare in October 2022.
OneAdvent launches MGA Criterion
Specialist managing general agent and broker services platform OneAdvent has launched Criterion, an MGA that underwrites niche classes of business.
Brown & Brown rolls out on Acturis
Brown & Brown is moving its retail platform to Acturis, Insurance Age can reveal.
Howden buys Scottish broker Laurie Ross
Howden has bought Glasgow-headquartered personal and commercial lines broker Laurie Ross.
Malcolm Harvey retires from Qlaims
Managing general agent Qlaims has announced founder Malcom Harvey has retired.
How can brokers maximise their brand through digital communication and social media messaging
Insurance Age, in association with Aviva, recently published a series of articles looking at how brokers can use digital channels and social media to build their brand and grow their business.
French wholesaler buys motor specialist broker Lexham Insurance
April, a wholesale insurance broker in France and Europe, has bought two-wheeler insurance specialist Lexham Insurance.
Brunel adds PI broker to group
The Brunel Group has set up a professional indemnity insurance broker with a focus on UK professional firms.
Acturis launches AI Predict
Acturis has launched AI Predict to bring the power of artificial intelligence and machine learning into its software-as-a-service platform.
Blog: Trust is the most important currency businesses have – lose it and you might never get it back
Trust is hard earned but, according to Staysure CEO Finn Walsh, financial services firms are often wasteful when it comes to this most valued asset.