Insight
MGA backer Accelerant files for IPO in US
Risk exchange platform and capacity provider Accelerant, a major player in the UK managing general agents market, has revealed plans for an IPO in the US.
Thomas Carroll grows turnover and profit in inaugural EOT year
Thomas Carroll Group boosted turnover by 7.1% to £15.61m in 2024, with profits also rising in its full first year as an employee ownership trust.
Hiscox launches cargo API
Hiscox has launched a cargo application programming interface-based solution, available through broker partners for underwriting small cargo and stock throughput risks.
Ardonagh closes latest $2.5bn investment round
The Ardonagh Group has today completed a $2.5bn (£1.83bn) equity investment led by funds managed by Stone Point Capital, the US-based private equity firm.
Starpeak renews binder with Axa XL’s UK and Lloyd’s business
Digital distributor of specialist insurance products, Starpeak, has renewed its binder arrangement with Axa XL’s UK and Lloyd’s business, marking the 10th year of the partnership.
Ripe tops £20m turnover in 2024
Manchester-based digital managing general agent Ripe grew turnover by 15.7% in 2024 to £20.6m.
French broker opens in the UK as it approaches 180 year anniversary
French insurance broker Filhet-Allard Maritime has expanded into the UK opening a London office.
Cowens looks for growth in challenging market
Mark Wilson, managing director of Cowens, has targeted 15% growth in the next year but highlighted the soft market and wider economy challenges, with acquisitions not ruled out.
NFP moving from Applied to Acturis in UK
NFP is leaving Applied Systems for Acturis in the UK, managing director of commercial insurance at NFP Europe John Paul Allcock has revealed to Insurance Age.
Biba launches AI guide to help members
The British Insurance Brokers has launched a new guide, sponsored by Markel, to help members understand how artificial intelligence might be beneficially incorporated into their business.
Atec adds four to panel for InsureMy motorhome
Atec Group has refreshed its InsureMy range of motorhome products with Axa, Sabre, Allianz and KGM joining its panel.
People Moves: 23 – 27 June 2025
Follow the latest personnel moves in insurance.
Shuker moves to deputy chair, succeeded by Kennedy as CEO of Howden UK and Ireland
Robert Kennedy has been named CEO of Howden UK and Ireland to take up the role on 1 October, when Carl Shuker will become deputy chairman.
Profits, revenue and R&D spend all up at Acturis in 2024
Acturis grew revenue by 14.9% to a record £165.49m in 2024 as profits went up and research and development spend also rose in a year that private equity firm Astorg boosted its investment in the software house.
Start-up broker adds director for bitcoin mining and AI compute
Start-up insurance broker Native has hired George Frith as divisional director of bitcoin mining and AI compute.
Allianz warns SMEs of the risk of underinsurance in summer
Allianz has warned of the “genuine risk of underinsurance” as it found 34% of SMEs don’t adapt their insurance levels to accommodate fluctuations in seasonality.
Van insurance premiums down 4.2% in past three months – Consumer Intelligence
Quoted van insurance premiums fell by 4.2% in the three months to the end of May, according to the latest research by Consumer Intelligence.
CDL grows revenue but profits slip below £10m in 2024
CDL has posted a third consecutive year of falling profits after tax, with the figure standing at £9.36m in 2024.
UK motor insurers to break even this year and dip into red in 2026, says EY
EY has revised its forecast for the UK motor insurance market this year suggesting insurers will break even with a net combined ratio of 100%.
Ventis expands into Scotland
Commercial and residential real estate managing general agent Ventis has launched in Scotland, under the leadership of Karen Feeney.
Policy Expert grows pre-tax profit by more than £25m as motor moves into black for first time
Policy Expert increased its profits before tax to £30.1m in the last financial year, up significantly from £4.9m, as underlying Ebitda more than doubled to £55.3m.
Aviva GCS revamps real estate and construction, including mass timber
Aviva’s Global Corporate and Specialty business has launched a new and unified ‘Real Estate and Construction’ client practice, bringing together its construction, latent defects and real estate teams.
Blog: Counting up the commercial longevity
Which is longer: the average tenure of a FTSE 100 CEO or that of a commercial insurance leader? Emmanuel Kenning calculates the numbers and finds a surprisingly short job-title occupancy in the sector.
Whistleblowing to FCA tops 1100 again in 2024/25
The Financial Conduct Authority received 1,131 whistleblowing reports in 2024/25, in line with the 1,124 the year before.