News Analysis
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.
Lucida posts reduced turnover in year before Moorhouse sale
Top 100 UK broker Lucida has reported a 14.6% fall in turnover to £40.67m, with a mixed picture on profitability across its divisions in 2024, the year before it struck the deal to sell Moorhouse.
Watch Lycetts, Recorder and Yutree discuss how to unlock the full potential of schemes
Brokers are under increasing pressure to run delegated authority schemes with greater discipline, efficiency, and profitability.
The stats: Insurer competition drives softening of commercial rates in Q2 2025
The Acturis Commercial Broking Index shows commercial combined and combined liability rates fell into negative territory, while growth slowed across fleet, property owners, and packages in Q2. Ida Axling reports.
SRG has ‘firepower’ and appetite for UK deals
Increasingly international broker Specialist Risk Group will continue to buy in the UK, and has the firepower to strike deals, its leaders have told Insurance Age.
Downey on the road from £300m to £4bn with SRG
Specialist Risk Group is eyeing up reaching over £4bn of gross written premium post 2030, having grown from £300m to £2bn since 2019, according to CEO Warren Downey.
FOI: FCA confirms meetings with Google, Meta and TikTok but ghost broking not discussed
The Financial Conduct Authority has held 11 meetings with Google, Meta and TikTok over the past three years, a Freedom of Information request by Insurance Age has revealed.
One Call profits up but turnover down in 2024
Doncaster-headquartered One Call Insurance Services grew pre-tax profit by 2.2% in 2024 to £22.51m, despite turnover falling.
Market Movement Index: All change
New analysis from Broker Insights reveals a shifting picture as higher premium risks move more, softer rates take hold and brokers shift to use smaller, dynamic providers over traditional markets. Rachel Gordon reports.
Is the FCA better the devil you know over self-regulation?
A self-regulated insurance industry could lead to a lack of consumer trust, brokers have told Insurance Age, as they called for a reduction in compliance costs and improving the efficiency of the Financial Conduct Authority instead.
What next for Jensten Group after the Bain Capital buyout?
With Bain Capital investment now secured, content director Jonathan Swift outlines what the market might expect from Jensten Group as it enters a new era.
Compliance experts push back on self-regulation for insurance
The insurance industry could not effectively mark its own homework if moved to self-regulation, according to compliance experts surveyed by Insurance Age, as the specialists noted an insurance specific regulator could be a middle ground.
Hughes reports falling turnover and a loss in year of Markerstudy deal
Northern Ireland-based Hughes Insurance has reported an 11% fall in turnover to £11.32m for 2024, the year it was snapped up by Markerstudy Group.
‘Road-tested’ proposition for brokers selling is what market needs, says Fairchild
Brokers are ‘underserved’ in the mergers and acquisitions market, according to IDEX Consulting CEO of M&A Andy Fairchild as he explained the rollout of IDEX’s new offering.
FOI: Almost 19,000 hours logged by FCA in premium finance review
The Financial Conduct Authority logged 18,864 man hours during its review into premium finance for motor and home insurance, with brokers making up 32 of the sample firms, a Freedom of Information request from Insurance Age has revealed.
Profits slip but revenue up at Ageas Retail in 2024
Ageas Retail, the insurer’s wholly owned broking subsidiary with trading names including Ageas Direct and RIAS, saw post-tax profits fall 23% to £5.03m last year.
Lloyd & Whyte Group grows again in 2024 with three deals and a sale
Somerset-based Lloyd & Whyte Group grew turnover by 5.9% in 2024, in a year it made three acquisitions and returned to pre-tax profit with a sale.
‘We have to keep earning the right to be number one in the market,’ says Aviva’s Storah
Jason Storah, CEO for UK and Ireland general insurance at Aviva has said it will continue to improve service levels, proposition and technology for brokers during the rest of the year, as he hailed the performance of growing premiums and profit in the…
Coles bullish over ‘sweet spots’ as MGA Uris targets £150m post MBO
MGA and outsourced insurance administration and underwriting services provider Uris Group is on track for £150m of premium in its first year as an independent business, Insurance Age can reveal.
Three more deals for DR&P
DR&P Group has taken “significant control” of IFS Risk Solutions, Treelyn (Insurance Services) and Umbrella IS, pushing the firm up the most active buyer ranking, Insurance Age can reveal.
Somerset Bridge pivots to MGA-only model after reaching profit in 2024
Somerset Bridge Group swung to £14.4m post-tax profit in 2024 following years of losses after being bought by Arch Reinsurance in 2021.
JMG makes major MGA move with latest buy
JMG Group has bought professional and financial lines specialist managing general agent XS Assure, Insurance Age can reveal.
Broker Expo signs up Bravo Networks as a partner bringing exclusive lounge for delegates – register today
Insurance Age is pleased to announce that Bravo Networks has signed up as a partner for the 2025 Broker Expo at Birmingham NEC on 9 October, register now to secure your place.
Doubling down on sector strategy is maintaining momentum with brokers, says Hiscox’s Musselle
Working with brokers, digital initiatives, product refreshes and brand strength helped Hiscox accelerate UK growth in the first half of the year, according to chief underwriting officer Joanne Musselle.