News
NBS launches excess of loss liability insurance
NBS Underwriting has launched excess of loss liability insurance in a move it flagged enables brokers to offer an additional £5m of public liability cover beyond primary level limits.
Administrators appointed at insurtech Humn after sale fail
Commercial motor insurtech Humn has appointed administrators after a failed Series B fund raise and aborted efforts to sell its assets.
Benefact Group adds Access Insurance
Specialist charity broker Access Insurance has joined the Benefact Group as the latest addition to the growing broking and advisory division.
Howden claims “first of its kind” with carbon capture and storage insurance facility launch
Howden has launched a product that it claimed will “unlock vital investment to support the global transition to net zero”.
Gallagher hails 8% Q4 organic growth in retail
Gallagher grew UK and Ireland retail business by 8% organically in the final quarter of 2023, while the specialty division achieved a 16% organic uplift, the broker has confirmed.
People Moves: 22 – 26 January 2024
Follow the latest insurance personnel moves.
Revenue up 8% at Marsh in 2023
Marsh boosted annual revenue by 8% to $11.38bn (£8.94bn) in 2023, as profits at parent Marsh McLennan grew.
Nick Harris to leave Marsh
Nick Harris is no longer taking up the role as CEO of UK retail and will be leaving the broker.
Ardonagh-owned Price Forbes launches real estate and legal indemnity practice
Price Forbes, part of Ardonagh Specialty, has launched a real estate and legal indemnity practice led by managing director of real estate Mark Manwaring.
Brown & Brown opens retail office in Newcastle
Brown & Brown has opened a retail insurance broking office in Newcastle, the first branded business in the sector under its new identity.
NFP boosts London presence with Advanced Insurance Consultants buy
US-headquartered broking firm NFP has purchased London-based Advanced Insurance Consultants to develop its client base in the London and the wider South East areas.
Amazon to shut Insurance Store after just over a year
Amazon is closing its UK Insurance Store, which was launched with great fanfare in October 2022.
OneAdvent launches MGA Criterion
Specialist managing general agent and broker services platform OneAdvent has launched Criterion, an MGA that underwrites niche classes of business.
Howden buys Scottish broker Laurie Ross
Howden has bought Glasgow-headquartered personal and commercial lines broker Laurie Ross.
Malcolm Harvey retires from Qlaims
Managing general agent Qlaims has announced founder Malcom Harvey has retired.
French wholesaler buys motor specialist broker Lexham Insurance
April, a wholesale insurance broker in France and Europe, has bought two-wheeler insurance specialist Lexham Insurance.
Brunel adds PI broker to group
The Brunel Group has set up a professional indemnity insurance broker with a focus on UK professional firms.
Acturis launches AI Predict
Acturis has launched AI Predict to bring the power of artificial intelligence and machine learning into its software-as-a-service platform.
Just Travel targets brokers with new wholesale arm Aneevo
A new travel insurance distribution platform has been launched for UK insurance brokers.
TBIG backs first broker start-up
Nathan Walton has launched Cheshire-based commercial broker Insurance Connections, backed by The Broker Investment Group.
People Moves: 15 – 19 January 2024
Keep up to date with the latest insurance personnel moves.
Biba welcomes Indeed as associate
Indeed has become an associate of the British Insurance Brokers’ Association in the same month that the trade body launched a programme with the Careers & Enterprise Company.
Canopius launches investment management cover
Canopius Group has launched an investment management product for asset managers, with the aim of responding to shifts in the risk landscape in the highly-regulated asset management sector.
Chaucer takes Milner from Aspen as CEO
Chaucer has swooped for Richard Milner as its group CEO moving from Aspen UK, which has, in turn, appointed Sarah Stanford as interim CEO.