News Analysis
FCA opens 2025/26 with one S166 in insurance
The Financial Conduct Authority has confirmed commissioning one skilled person report in the insurance sector during the first quarter of 2025/26, after a recent record total the year before.
Could the MGA explosion be slowed down by an indifference to claims?
MGAs have become all the rage, with a growth predicated by a rise in fronter and insurer capital/capacity and broker belief that they offer greater front-end service. However, are strains starting to show at the back end when it comes to the moment of…
Is the broking industry really falling behind on AI adoption and innovation?
Brokers call on software houses to step up as pressure to implement AI solutions grows, especially when it comes to cost and integration. Ida Axling investigates.
PIB tops £500m revenue as losses trimmed in run-up to ending sale talks
PIB Group has posted £514.7m of pro forma group net revenue for 2024, a year it expanded into two countries and made 25 acquisitions before walking away from sales talks in 2025.
Konsileo grows revenue and trims losses in 2024
Konsileo’s parent company delivered a 54% increase in revenue to £10.84m as the expansive Top 100 Broker bolstered headcount, hiring 23 brokers across three cohorts in 2024.
TH March grew profits and turnover in run-up to EOT
Specialist jewellery and allied trades broker TH March boosted annual profit-after tax by 63.7% to £781,000 in the run-up to switching to an employee ownership trust.
Clear reveals £171m buying bill
Clear’s 12 strong acquisition spree in the year ended 31 October 2024 generated a £170.9m bill, a filing at Companies House has revealed.
Biba’s Trudgill on advertising cut through and ‘huge groundswell’ of support
The British Insurance Brokers’ Association’s first national advertising campaign to promote insurance brokers to SMEs has led to an increase in firms saying they would use a broker and raised the name recognition of the trade body, initial data has…
Insurers backing Biba’s disclosure guidance – Trudgill
Every insurer partner has responded positively to the British Insurance Brokers’ Association’s good practice guide on a clearer approach to disclosure, CEO Graeme Trudgill told Insurance Age as the trade body delivered on its commitment to meet each…
Clear boosts revenue by nearly one-quarter in 2024
Clear Group grew revenue by 24.5% to £93m in the year ended 31 October 2024, Insurance Age can reveal.
UK Broker Awards 2025 shortlist revealed
Today Insurance Age can reveal the shortlist for the 2025 UK Broker Awards.
Markerstudy confirms CFO switch
Markerstudy Group has named Keith Barber as interim chief financial officer succeeding Fernley Dyson who has moved to be CFO of Tradex-owner Saturn Holdings, part of backer Pollen Street’s portfolio of companies.
With the Gallagher deal off the table, what are the next steps for PIB?
With PIB and its PE investors choosing to go again rather than sell to Gallagher, content director Jonathan Swift ponders what might lie ahead for the pan-European consolidator in an era of indigestion and M&A indifference.
Axa’s Walker and Aviva’s Storah tackle monthly payments, flooding and Consumer Duty in parliamentary session
Jon Walker, CEO of Axa Commercial, has highlighted the valuable service of pay monthly options, and urged the government to increase flood defence spending, in a parliamentary session held earlier this week.
Premium Credit open for business after Close Brothers broker and personal lines cuts
Premium Credit has confirmed it is “there to support any distribution partners”, following competitor Close Brothers pulling back on personal lines premium finance lending and exiting up to 120 broker relationships.
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.
NFP moving from Applied to Acturis in UK
NFP is leaving Applied Systems for Acturis in the UK, managing director of commercial insurance at NFP Europe John Paul Allcock has revealed to Insurance Age.
Allianz confirms broker commitment amid job losses
Allianz has promised no disruption to the way it serves brokers and reiterated its long-term commitment to the sector as it goes through the process of cutting 650 jobs in the UK.
Insurers and MGAs line up to support brokers amid Applied Epic exit
Insurer and managing general agent leaders have committed to help brokers deal with the impact of Applied Systems cutting Epic from the UK market.
Brokers disappointed by Applied pulling Epic out of UK market
Insurance brokers have expressed sadness, disappointment and concerns about a hit to competition following Applied Systems withdrawing its Epic solution from the UK broker market.
Applied’s UK Epic withdrawal a “sad day” for brokers
Applied Systems pulling its Epic offering from the UK underlines how competitive the market is but is sad news for brokers and staff, according to experts.
CEO calls for SMEs to be at ‘heart’ of growth plans ahead of Spending Review
The Chancellor’s Spending Review this afternoon will be a “defining moment” for Britain’s 5.5m small businesses, according to the boss of a top 20 insurance broker.
AssuredPartners deal still expected to close in second half of the year, says CEO Pat Gallagher
Gallagher is “playing it right down the middle of the fairway” with the US Department of Justice and still expects to close the deal for AssuredPartners in the second half of the year, according to CEO Pat Gallagher.