Insight
Nexus rebrands as Kentro
Nexus Underwriting, an independent specialty managing general agent (MGA) in the London market, and Xenia Broking, a insurance and surety distribution specialist, will operate as distinct, independent brands under the Kentro holding company.
Profits up at Ageas UK but income and COR slip in 2021
Insurer saw growth in home business but motor gross written premium fell to £676.5m.
FCA supports long-term economic growth objective
Regulators quizzed by Treasury Select Committee.
Industry pulls together to mitigate flood risk
The British Insurance Brokers’ Association, the Association of British Insurers, and Flood Re have launched a Flood Insurance Directory to help customers access flood cover.
ABI pledges to double apprenticeships by 2025
The organisation has committed to offering 2,500 apprenticeships over the next three years and increasing inclusivity across the sector.
Wiser Academy relaunches insurance degree programme
Programme designed to help attract top talent into insurance straight from college.
MGA Lares launches unoccupied property product
The product is available to brokers via the Go-Insur digital insurance platform.
Broker Daniel Wilkinson found not guilty in sex assault case
Wilkinson was cleared of groping a woman at an industry awards dinner in 2017.
GRP to buy majority stake in Hamilton Fraser
Consolidator set to make third purchase of the year.
QBE International improves COR to 90.6%
The insurer’s international division, which includes the UK, posted a 15% increase in gross written premium for the full year 2021.
Blog: How insurtech ecosystems are creating value for brokers
CDL CEO Nigel Phillips sets out why brokers should be getting in on the action.
Cheshire broker rebrands as PHP Insurance
Firm targeting more acquisitions having bought Bradshaw Bennett in 2019.
M&A activity not 'sustainable', says IMAS founder Laughton-Scott
Prices are forecast to remain "pretty firm" this year.
M&A deals hit £6bn in 2021
The latest annual review published by IMAS explains the "M&A frenzy" and warns of challenges ahead.
Allianz focused on growth in 2022, says Holmes
Insurer posted a 9.4% rise in operating profit to £318m for 2021 but recorded a 3.2% fall in gross written premium to £3.8bn.
Axa launches EV fleet product
The insurer cited an increase in electric vehicle sales and the ability to offer a greener fleet option to businesses among the reasons for the move.
Allianz posts improved operating profit for 2021 but GWP slips
The provider reported a 3.2% decrease in GWP to £3.8bn.
SJL set ups Bristol ‘hub’
It is the third office for the business, and founder Simon Lancaster says there are plans to open in other areas of the UK
Kingsbridge opens Birmingham office amid tripling business by 2024 target
MD Gary Williamson told Insurance Age that the broker has appointed Berkeley's Mark Hayward as branch director and revealed Kingsbridge's plan of action for the rest of the year.
Gallagher leader targeting organic growth
Newly appointed regional leader Elliot Miller confirmed the business is also open to making acquisitions.
Insurer payments for settled BI claims top £1bn
Providers have also made £307.9m in initial payments, according to the latest figures from the Financial Conduct Authority which is set to end its data releases next month.
Ex-Allianz boss Jon Dye joins Hiscox as UK CEO
Dye left Allianz last November and will start at Hiscox in September.
Biba unveils 2022 conference agenda
The trade association revealed that delegates will hear from the FCA's executive director Sheldon Mills about the regulator's agenda, and the event will also feature broadcaster Andrew Marr plus Olympians Laura and Jason Kenny.
Ebitda and turnover stable at Open GI in 2021
The software house achieved Ebitda of £26.7m for 2021 with revenue of £41.7m but post-tax profit fell to £12m.