Insight
Biba welcomes Afolami as Economic Secretary to the Treasury
Biba has welcomed the appointment of Bim Afolami, and expressed hopes of a positive relationship while praising predecessor Andrew Griffith.
SiriusPoint takes Alex Hardy from RSA
SiriusPoint has swooped for RSA’s sales and distribution director Alex Hardy.
FSCS open for claims against failed broker
The FSCS has listed FML Insurance Services Limited, trading as Entertainment Insurance Services, as a failed company.
Sense Risk Solutions founder Emily Kenna: A culture of flexibility is key for success
Based in Bristol, Emily Kenna, founder and director, started Sense Risk Solutions in 2019 with the aim of educating clients on what insurance is best for them.
Rokstone launches sports and prize indemnity division with Allianz capacity
Rokstone has launched a sports and prize indemnity division with an exclusive facility from Allianz Commercial.
Ex-broker among 10 arrested in police crackdown on commercial insurance fraud
Ten people have been arrested across the country, and 18 vehicles seized during a two-week police operation to tackle commercial insurance fraud.
Canopius appoints Mark Newman as UK CEO
Canopius Group has named Mark Newman as UK CEO, moving from his current position of CEO for Asia-Pacific.
Aspen unveils UK construction sector wellbeing product
Aspen Insurance has unveiled Construction Wellbeing to support the rising challenges associated with the mental health of employees working in the UK construction industry.
Chubb rebrands division alongside media product launch in UK
Chubb has launched a media insurance product for clients in the UK, and rebranded its existing UK technology industry practice as the technology and media practice to reflect its new focus.
Pen launches TMK-backed IP cover in UK
Pen Underwriting has rolled out an intellectual property insurance proposition backed by Tokio Marine Kiln, which is aimed initially at UK businesses.
Romero ready to roll forward after AssuredPartners deal, says MD
Romero has found a “great” new home, and is ready to continue its growth journey under the new ownership of AssuredPartners, having doubled in size over the past five years.
Brown & Brown’s South East hub Greens buys Nsure
Brown & Brown has bought Worthing-based Nsure, a specialist commercial Chartered insurance broker with a focus on renewables.
Andy Fairchild peps up roles with Zing365
Former Broker Network boss and Applied Systems Europe CEO Andy Fairchild has joined insurance training specialist Zing365 as a board adviser and non-executive director.
AssuredPartners seals biggest deal yet with Romero buy
AssuredPartners has bought Leeds-based Romero Group, which includes Romero Insurance Brokers, Sentient Group and Club Insure.
Clear builds northern presence with Peter Hoare & Co buy
Clear Group has grown its northern footprint, snapping up Sheffield-based Peter Hoare & Company (Insurance Brokers).
Sedgwick names Neil Gibson as CEO in the UK
Neil Gibson has been appointed CEO of Sedgwick in the UK, stepping up from chief operating officer of the business’ operations in the UK, New Zealand, Middle East, Africa and Asia.
Jacqui Kelly on pushing forward with brokers at Zurich
Zurich will be deepening its relationships with brokers and building new partnerships in 2024 as it targets growth across SME, mid-market and high-net-worth business, head of sales and distribution Jacqui Kelly has committed.
Ecclesiastical calls on brokers to speak to HNW clients on underinsurance
Three out of five (62%) high net worth collectors are worried that their collections and art are underinsured, according to insurer Ecclesiastical.
Members’ 25% growth a “powerful” proof point, says Hedron leader Haggart
Hedron members grew by 25% in the past 12 months, according to analysis by network CEO Chris Haggart.
Turnover tops £17m at Bridge but profits slip
Bridge Insurance Brokers has reported a 16.3% fall in operating profit to £815,408 for the year ended 31 March 2023.
MCE has £9.1m surplus to pay creditors, according to former CEO
One of the two shareholders and former CEO of failed specialist motorcycle broker MCE, Julian Edwards, has informed the administrators that he understands there to be a surplus of £9.1m that could be used to pay creditors.
People Moves: 6 – 10 November 2023
Stay in the loop with the latest insurance personnel moves.
FSCS keeps broker levy at zero for 2023/24 and projects same into 2024/25
The Financial Services Compensation Scheme has maintained plans to keep general insurance brokers’ contribution to zero this year, and forecast that this will remain the case in the 2024/25 financial year.
Third year of institute operating losses at CII
The Chartered Insurance Institute has revealed an operating loss of £760,000 for 2022 in its institute division, where revenue and membership fell as the wider group swung back to overall profit.