Insight
JMG strikes 50th deal
JMG Group has completed its 50th acquisition since its 2020 management buyout, snapping up London-based Profile Insurance Services.
Petchey: “Strong demand” in schemes gives Markel opportunity to diversify
Mike Petchey, head of schemes at Markel, is seeing “strong demand” in the market, highlighting the number of possibilities when it comes to schemes is enormous.
Interview: DCI Nik Jethwa, head of the insurance fraud department at the City of London Police
Detective Chief Inspector Nik Jethwa, head of the insurance fraud department at the City of London Police, tells Insurance Age why he is optimistic about the outlook for fighting insurance fraud, including ghost broking, with industry collaboration and…
PremFina restructures senior management
PremFina has made “significant” changes to its senior management roles to support its growth plans over the next two years.
Ceta adds Mark Chappell as head of intermediary in wholesale push
Atec Group’s Ceta Insurance has appointed Mark Chappell as head of intermediary to bolster its wholesale proposition.
Markel adds pre-loss services to Cyber360
Markel has launched its pre-loss services for UK Cyber360 policyholders, to help clients minimise cyber risks.
Cheesbrough outlines M&A and tech plans as Movo enters ‘2.0’ growth phase
The Movo Group of Companies is poised to enter a new period of M&A activity and member sign-up following the sale of a majority equity stake to AUB in October 2024.
Interview: Brendan Devine, CEO of Atec Group
In his five years as CEO of Atec Group Brendan Devine has led the business to more than double policy numbers and profit organically, now having struck its first acquisition buying Moorhouse last month he explains how it will triple in size over the next…
CRC signs up to buy Atrium
US firm CRC Group has signed up to buy Lloyd’s insurer Atrium, in a deal expected to close in the third quarter of this year.
Underwriting discipline key for MGAs
Gavin Dollings, chief underwriting officer at Rockstone Commercial, has highlighted that “flawless execution” of underwriting discipline is key for managing general agents as brokers want consistency of appetite.
MCE Insurance moves to voluntary liquidation as HMRC claims hits £65m
MCE Insurance is being moved from administration to creditors’ voluntary liquidation in a move the administrators noted would enable a dividend to be paid to unsecured creditors.
Data – a ‘superpower’ in a business
Data was a “superpower” in a business, Mark McIlquham UK CEO of Acrisure told the audience at the Managing General Agents’ Association 2025 conference on 3 July, in a discussion where cross-selling was also to the fore.
Broker M&A ends half-year with a ‘whimper’ – MarshBerry
Mergers and acquisitions of UK insurance distribution business were down 35% in the first half of the year compared with 2024, specialist MarshBerry has calculated.
FCA’s Brewis responds to 15-hour training removal pushback
Matt Brewis, director of insurance at the FCA, has responded to the pushback against the watchdog proposing to end the specified minimum hours of training and development required for insurance employees.
Broker pot FSCS compensation ticks up to over £700,000
Claims against the general insurance distribution class, in which brokers sit, resulted in the Financial Services Compensation Scheme paying out £722,000 in the year ended 31 March 2025.
Biba reveals board changes as Evans steps down, succeeded by Fraser
Carl Evans is stepping down as chair of the British Insurance Brokers’ Association’s Larger Brokers’ Advisory Board, with Alistair Fraser succeeding him.
People Moves: 30 June – 4 July 2025
Keep up to date with the latest personnel moves in insurance.
Interview: JP Allcock, managing director of commercial insurance at NFP Europe
NFP’s John Paul Allcock tells Insurance Age about building the broker’s UK arm from nine staff to over 300, buying and rebranding plans as well as how the business has fared since the takeover by Aon just over a year ago.
‘An MGA is for life not just for Christmas’ – Dual’s Dixon
Managing general agents need to get away from transactional relationships and move into “deeper, more sustainable” ones with carriers, brokers and policyholders, according to Catherine Dixon, chief underwriting officer at Dual.
Over half of carriers expect to increase MGA capacity between now and 2027
Almost three in five (57%) of carriers are set to increase managing general agent capacity in the next two years, according to a new survey.
Insurance cases drop at FOS in 2024/25 with downward trend expected to continue
The number of insurance cases received by the Financial Ombudsman Service fell by almost 3% in 2024/25 to 45,606 new complaints.
CII members give thumbs down to FCA CPD proposal
The Chartered Insurance Institute has found significant opposition to the Financial Conduct Authority’s proposal to end the requirement for insurance employees to do a minimum of 15 hours training and development a year.
SRG buys Generation Underwriting from WF Risk Group
Specialist Risk Group has bought Newcastle-based managing general agent Generation Underwriting from WF Risk Group.
Brokers brought into scope of FCA’s bullying and harassment misconduct rules
The Financial Conduct Authority is extending the scope of serious bullying and harassment in financial firms qualifying as misconduct to around 37,000 regulated firms, including insurance brokers.