News Analysis
Movo unveils MGA and rolls out Quote Portal as targets grow with start-ups focus
Movo will launch its managing general agent Moveda Underwriting on 1 May, upping its appointed representative network target to 120 next year. It also rolled out Quote Portal, managing director Lea Cheesbrough told Insurance Age.
FCA’s Brewis: brokers key to helping curb unjustifiable freeholder commissions
The Financial Conduct Authority recommended insurance brokers interrogate property managers more to justify their commission with the publication of its latest paper on multi-occupancy buildings insurance.
Brokers need to get on the front foot and mirror fee increases of lawyers and accountants
Brokers should follow the lead of other professional services and not be sheepish when it comes to putting up client fees to reflect the value they add.
Brokerbility refreshes proposition to build back better
Brokerbility has launched a five-band framework as it seeks to grow its community of brokers, Insurance Age can reveal.
Covéa jobs at risk amid £145.5m loss
Covéa has been hit by an ‘unprecedented’ series of events leading to a £145.5m loss in 2022.
Aviva still weighing up Lloyd’s re-entry as part of GCS strategy
A Lloyd’s market re-entry is still under consideration by Aviva, according to its CEO of UK & Ireland general insurance, Adam Winslow.
PIB buys Bristol-based PI broker Pure Risks
PIB Group has acquired specialist professional indemnity insurance broker Pure Risks.
Miller CEO targets growth at ‘greater pace’ as revenues top £200m
Lloyd’s broker Miller has marked its second anniversary as an independent broker with revenues breaking through £200m, it announced today.
GRP buys West Midlands broker
Global Risk Partners has acquired 100% of the share capital of Thompson and Co (Risk Solutions) Holdings.
Is the MGA motor market braced for casualties amid a perfect storm?
Motor MGAs are suffering as they battle high claims inflation and tougher reinsurance conditions. With more players expected to exit standard motor, Saxon East asks if there is any way the market can navigate this tough terrain?
AssuredPartners-owned PSP seals two more deals
AssuredPartners-owned PSP Group has agreed to acquire the general insurance business assets of Sterling Select Insurance Services and Castle Sundborn.
Aston Lark recruits Boswell duo to open Norwich office
Aston Lark has opened a new office in Norwich, which will be headed by former Alan Boswell director James Monkhouse.
Menopause: What progress is the insurance sector making?
Menopause is becoming an issue where more and more insurance firms are raising awareness, offering staff support and embracing progressive policies. But how far have we really come? asks Saxon East.
Clear Group buys first international broker with MBC deal
Clear Group has acquired Irish commercial broker McAuliffe Barry & Collins Ltd (trading as MBC Insurance and Techinsure.ie), its first deal outside the UK, Insurance Age can reveal.
Ex-Marsh Commercial leader David Bruce joins Acrisure
David Bruce joined Acrisure as chief operating officer and network CEO, Insurance Age can reveal.
Interview: Eddie Hooker, Hamilton Fraser
Hamilton Fraser founder Eddie Hooker wants his broker to continue building digital excellence in commercial lines. He talks to Saxon East about the broker's beginnings, GRP's ownership, and plans for the future.
Ardonagh Advisory announces first new deal of 2023 with Pace Ward buy
Ardonagh Advisory has announced its first new deal of the year with the purchase of Stoke-on-Trent based broker Pace Ward and revealed it has an “impressive pipeline of M&A”.
JMG establishes new division after second motor deal in a month
Specialist HGV and motor trade insurance broker New Era has made its first acquisition within weeks of becoming part of the JMG Group.
UK General lost £7.4m ahead of sale
UK General Insurance lost £7.41m in its financial year before being snapped up by RCapital and Montague, Insurance Age can reveal.
What does the More Than deal mean for the future of Ardonagh and RSA?
RSA and Ardonagh have their own distinct futures ahead. Ardonagh is a private equity-backed broker growing via consolidation, and RSA is intent on sharpening focus on its commercial broking relationships. The two have struck a deal on More Than's motor…
Brokerbility teams up with Broker Insights on bespoke service for members
Brokerbility has signed up with data provider Broker Insights to deliver a bespoke platform for members, Insurance Age can reveal.
Pen adds £90m of GWP with marine MGA buy
Pen Underwriting has bought Tay River Holdings and its wholly owned marine specialist subsidiaries Vessel Protect, Trafalgar Marine Trades and BMM Ports & Terminals for an undisclosed sum.
Swinton insurer panel ‘very excited’ to work with More Than motor customers – Ian Donaldson
Ardonagh Retail’s insurer panel is ‘very excited’ about working with More Than private motor customers on renewals, according to CEO Ian Donaldson.
Double-digit growth and profit rises at Iprism after MBO
Iprism Underwriting Agency grew turnover by 15.3% to £9.44m in the year ended 30 June 2022 with profits rising even more.