News
UK firms underestimating cyber attack vulnerability with smallest most at risk
Businesses in the UK and Ireland are five times more likely to be the target of a cyber attack than suffer flood damage and yet only 47% have dedicated cyber cover, according to research from Pen Underwriting.
Partners& strikes pair of deals
Partners& has bought Glasgow-based Blackford Group and Directors & Professionals, a commercial broker in Tunbridge Wells, in its first deals of 2025.
People Moves: 6 – 9 May 2025
Stay in the loop with the latest insurance personnel moves.
Axa Commercial enhances management liability offering
Axa Commercial has launched a revamped management liability proposition under its new ‘Prevent and Protect’ banner.
Rokstone adds Goodearl for UK & Ireland casualty division launch
Rokstone has recruited Lewis Goodearl from Convex as head of its new UK and Ireland casualty division.
Clear Group snaps up HNW MGA
Shape Underwriting has acquired private client and high-net-worth specialist managing general agent Protect Underwriting.
New commercial broker Monteith launches with £1m target in first three months
Scott McLuskey has launched Monteith Corporate Risk with offices in Glasgow and London targeting £1m of premiums in its first three months of trading.
CFC launches ‘simplified’ IP cover
CFC has launched a new “simplified” intellectual property product.
MGA strikes first UK deal of 2025 with PI specialist buy
Optio Group has bought UK-based MGA Custodian Management for an undisclosed sum, subject to regulatory approval.
Ex-Aviva boss Tiernan named new CEO at Lloyd’s
Patrick Tiernan has landed the top job at Lloyd’s being promoted to CEO, the marketplace has confirmed.
Markel launches clinical trials product
Markel Insurance has launched a clinical trials insurance product, which it stated has been designed to support research and product development on an international scale.
Quarterly weather related claims top £200m for first time – ABI
The Association of British Insurers has found claims for weather-related damage to people’s homes and possessions has hit £226m for the first time ever between January and April.
Start-up broker to launch in Q3 targeting motor
Pizza, a start-up insurance broker, is set for its consumer launch in the third quarter of 2025.
Direct Commercial rolls out larger commercial vehicles product on Acturis
Direct Commercial has launched Haul In One Truck IHP on the Acturis platform, extending the availability of its Haul In One proposition to include larger commercial vehicles and staking a claim for an industry first.
Biba reiterates IPT cut call ahead of conference
The British Insurance Brokers’ Association has repeated its call for a cut in insurance premium tax as it unveiled new research.
FUW targets A55 corridor with new commercial venture
Aberystwyth-headquartered agricultural specialist broker FUW Insurance Services is rolling out a business-targeted venture, FUW Commercial.
Premium finance costs ease ahead of FCA report
The cost of home and motor premium finance has fallen in the past six months, according to research by Pearson Ham.
Macclesfield broker targets doubling in five years after six figure investment
Delta Corporate Risk has snapped up a book of business and set its eyes on doubling in size over the next five years after getting a six-figure investment from a new backer.
TMHCCI names Thibaud Hervy as CEO
Tokio Marine HCC International has appointed Thibaud Hervy as CEO, following Barry Cook taking on the deputy CEO role at the wider TMHCC group.
Axa Commercial to enter cyber market for SMEs in 2025
Axa Commercial will roll out a branded cyber product aimed at SMEs this year, Mike Crane told Insurance Age.
Ex-broker bosses beaten in mayoral elections
Two former broker bosses have lost in their attempts to become mayors following yesterday’s local elections.
People Moves: 28 April – 2 May 2025
Keep up to date with the latest insurance industry personnel moves.
Markel becomes Biba partner
The British Insurance Brokers’ Association has welcomed Markel as an official partner.
Clear rebrands MGA unit to Shape Underwriting
The managing general agents division of the Clear Group has rebranded to Shape Underwriting, effective immediately.