Insight
Bexhill owner tops £120m in lending
Orchard Funding Group, owner of premium finance lender Bexhill UK, has posted a record lending total of £121.8m for the year ended 31 July 2025, with profit-after tax jumping to over £3m.
SSP enters operating profitability following sales growth and expense reduction
SSP has reported £5.05m in operating profit for the year ending 31 December 2024 putting it into the black from a £861,000 loss the year prior.
Cullum-backed investment vehicle supports MGA’s Series A funding round
Minority Broker Partnerships, an investment vehicle backed by Towergate founder and former Global Risk Partners [now Brown & Brown Europe] chairman Peter Cullum, has backed drone specialist MGA Moonrock Insurance for an undisclosed sum.
SMEs to step up cyber defences as over half experience cyber attack in past year
Hiscox has reported 94% of SMEs surveyed are stepping up their cyber defences and are planning to boost their investment in cyber security over the next 12 months, as 59% of respondents said they experienced a cyber attack in the past year.
JMG Group buys three brokers
JMG Group has made its latest triple swoop buying brokers in Solihull, Kendal and Edinburgh.
Gallagher leader Langley elected Lord Mayor of London
Dame Susan Langley, non-executive chair of Gallagher UK, has been elected as the 697th Lord Mayor of London, and will formally take office on 7 November.
McMillan steps down as Ageas completes Esure takeover
Ageas has completed its purchase of Esure from private equity house Bain Capital first announced in April this year.
Zurich invests in empathy training to deepen broker relationships
Zurich UK has invested in over 1,300 hours of relationship training for 155 regional underwriters to build deeper relationships with brokers, as head of retail David Nichols revealed this is “not your classic textbook classroom training”.
TL Dallas turnover up 17% in 2024 with organic and acquisition growth
TL Dallas has posted a 17% rise in turnover to £15.24m in 2024, but investment costs trimmed the post-tax profit.
Motor broker The Green Insurer closes
The Green Insurer has closed to new and renewing customers after launching in December 2023 claiming to be the UK’s first truly green car insurance broker.
Allianz confirms motor trade staff consultation amid offshoring move
Allianz is holding a consultation process with staff as it changes its motor trade business with a new centre of excellence for underwriting in the UK alongside a team for non-complex renewals in Trivandrum, India, Insurance Age can reveal.
HDI UK & Ireland appoints director of liability joining from Axa XL
HDI UK & Ireland has hired Tom Potter as director of liability.
Broker Expo Countdown 2025: Arch’s Stuart Danskin
As we count down to Broker Expo next week, we caught up with Stuart Danskin, director of underwriting for the Arch Insurance UK regional division, who shares his top advice for brokers wanting to place specialist liability business and insights on Arch’s…
Markerstudy reveals £300,000 bill for Hughes ‘bargain purchase’
Markerstudy only paid £300,000 for Northern Ireland broker Hughes Insurance Services, in a deal labelled ‘bargain purchase’ resulting in a £26.3m gain.
Howden opens West Sussex office
Howden has opened an office in Burgess Hill, West Sussex, following the appointment of Joe Clarke as branch director.
Taskforce to look at rising costs of motorsport that pose ‘serious challenge’ to future
The Fédération Internationale de l’Automobile, the global governing body for motor sport and the federation for mobility organisations worldwide, has launched a new taskforce to provide clarity on motor sport insurance and the impact of its rising costs.
Research finds only 7% of UK properties correctly insured
RebuildCostASSESSMENT.com has reported only 7% of UK properties are insured accurately with 70% of properties underinsured and 23% overinsured.
People Moves: 22 – 26 September 2025
Follow the latest personnel moves in insurance.
Xavier Laurent to succeed Georges De Macedo as Covéa boss
Xavier Laurent is to succeed Georges De Macedo as UK CEO of Covéa after a three-month handover, the insurer has confirmed.
Brokers the primary line of defence against underinsurance – Consumer Intelligence
Brokers are the “primary line” of defence against underinsurance, with technology implementation strategic to automate low-value tasks and free up time for client education, according to a report by Consumer Intelligence exclusively revealed by Insurance…
Markerstudy boosts revenue and trims post-tax loss in Atlanta deal year
Markerstudy Group Holdings has posted a reduced loss of £141.7m for 2024, as revenue grew and Ebitda turned positive in a year it took over personal lines broker Atlanta.
QBE promotes Wilkinson to succeed Bickers in motor trade
QBE has promoted Hannah Wilkinson to underwriting manager of motor trade in the UK, effective 1 October.
Edinburgh regional review: Brokers push forward despite lack of physical insurer presence
Despite zero insurer presence in Edinburgh, brokers are still optimistic for the Scottish capital city as recruitment and a tougher economic climate are cited as the main the challenges.
Patons Insurance expands in motor trade with new team
Patons Insurance has created a dedicated team to focus on motor trade as part of its ongoing growth strategy.