News Analysis
SRG reveals deal spend in takeover year
Specialist Risk Group’s parent spent £327.32m on 10 deals in 2024, the year the takeover by Warburg Pincus and Temasek completed.
Kelliher reveals profit jump in 2024 as turnover rose
Top 100 UK Broker Kelliher Insurance Group grew turnover by 4.3% last year with post-tax profit surging 49.8%.
Bexhill’s Takhar on record results and the regulatory environment for premium finance
With a book of broker relationships at over 100 and growing Ravi Takhar, CEO of Bexhill UK, explains how the premium finance provider is pushing ahead after its record-breaking results and his hopes for the industry.
Pen expands Simmonds’ role to MD of public sector and international after Scott exit
Seb Simmonds has become the managing director of public sector and international at Pen Underwriting, in an expanded role following the departure of Adrian Scott, the Gallagher-owned managing general agent has confirmed.
Aviva to double automatic business interruption indemnity period to 24 months
Aviva is set to double its automatic business interruption indemnity period to 24 months, in what it claims is a UK market first to tackle underinsurance, Insurance Age can reveal.
Jensten reveals five Coversure buys in roster of 10 deals over the past year
Jensten’s purchase of Martin Insurance Services, as reported by Insurance Age, was the tenth since the last set of announced deals in August 2024, the broker has confirmed.
Acrisure expands on Birmingham expansion plans
CEO of Acrisure UK, Mark McIlquham, has set out the rationale for opening an office in Birmingham which could go live next year as the firm’s 20th branch.
David Heathfield leaving AssuredPartners
David Heathfield, CEO of Gallagher-owned AssuredPartners International is leaving the business at the end of the month, Insurance Age can reveal.
Intact invests in Top 100 UK Broker Adler Fairways’ owner UKGI Group
The parent company of Top 100 UK insurance broker Adler Fairways has secured financial backing from Intact Financial Corporation, Insurance Age can reveal.
Partners& buys Midlands broker
Partners& has snapped up family run Nottingham-based commercial broker Pargeter & Associates.
Jensten confirms £2m GWP broker buy
Jensten has bought commercial broker Martin Insurance Services in Kent.
Romero reveals profit and turnover surge under AssuredPartners ahead of Gallagher deal
Romero Insurance Brokers achieved £19.07m of turnover and post-tax profit approaching £6m in 2024, the only full year it was exclusively owned by AssuredPartners.
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Broker Expo is less than a week away, sign up now to secure your place at the NEC in Birmingham on 9 October.
Bridge profits bounce back across the board
Bridge Insurance Brokers has reported operating profit more than tripled to £714,212 in the year ended 31 March 2025 compared to the year before.
PremFina reveals 2024 losses
PremFina trimmed operating losses in 2024 from £6.4m to £4.2m with the business having previously forecast reaching profitability by the end of June next year.
AI is not a free ticket – Clear’s Williams
Brokers must focus on doing the “hard yards” and work on operational excellence then think how artificial intelligence can help, according to Phil Williams group chief commercial officer and managing director of retail at Clear Group.
AbbeyAutoline reveals triple deal costs as turnover and profits slip in 2024
Northern Ireland broker AbbeyAutoline has revealed a bill of £1.47m for its three deals in 2024.
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.
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.
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.
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…