News
GRP buys BPW in South Wales
Global Risk Partners has made its third purchase of 2023, snapping up BPW Insurance Services in its first Welsh buy of the year.
Imas reveals 35% drop in insurance distribution M&A in 2022
Initial analysis by Imas has detailed that mergers and acquisition deals for UK general insurance distribution firms dropped by around 35% in 2022, with fewer than 100 transactions announced versus 148 in 2021.
Allianz Commercial reports detected fraud up 11.2%
Allianz Commercial has revealed it detected £70.7m worth of insurance fraud in 2022, up 11.2% on the £63.6m uncovered the year before.
Ignite launches start-up broker accelerator with gender balance target
Ignite Insurance Systems has launched Ignition, an accelerator programme to help start-up insurance brokers create and grow their own businesses.
FCA opens client support consultation and reiterates need for brokers to treat customers fairly
The Financial Conduct Authority has opened a consultation on protections for insurance customers in financial difficulty proposing to update guidance introduced during the Covid-19 crisis.
Jensten’s Coversure targeting 10 more franchise offices in 2023
Jensten Group has bought Coversure Kidderminster for an undisclosed amount, following on from the purchases of Coversure offices in Nottingham and Stamford last year.
TMK moves into life sciences with Intellimed product launch
Tokio Marine Kiln has launched its inaugural life sciences insurance product, Intellimed, staking a claim for a Lloyd’s market first.
Thomas Carroll launches insurtech start-up TCi Futures
Thomas Carroll Insurance Brokers has launched a new insurtech company, TCi Futures.
JMG Group buys two brokers
JMG Group has snapped up Southampton-based Knightsure Insurance Brokers and T I Alexander Insurance Brokers in Bo’ness in two separate deals.
SSP hackers threaten to publish confidential broker information
SSP hackers have threatened to publish sensitive broker information, accusing the software company of behaving 'like children'
Amazon partner Superscript raises £45m in Series B round
UK-based insurtech Superscript has completed a £45m Series B funding round led by existing investor BHL UK, owner of Comparethemarket.
GRP delivers on MGA appetite with Nucleus buy
Global Risk Partners has bought Nucleus Underwriting, its first managing general agent acquisition since being taken over by Brown & Brown last year.
Evans stays as Biba chair for three more years
Jonathan Evans will remain as chair of the British Insurance Brokers’ Association after the organisation extended his tenure for three more years.
Lloyd’s broker snaps up schemes business from Crispin Speers
Lloyd’s broker BLW Insurance Brokers has acquired a specialist facility from Crispin Speers, Insurance Age can reveal.
PFS president resigns
President of the Personal Financial Society, Caroline Stuart, has resigned with immediate effect.
People Moves: 2 - 6 January 2023
Keep up to date with the latest personnel moves in insurance.
PFS board calls CII claims untrue
Personal Finance Society member directors have called claims by the Chartered Insurance Institute about PFS board governance failures untrue.
GRP buys Christopher Trigg Insurance Brokers
Global Risk Partners has bought Hedron Network member Christopher Trigg Insurance Brokers.
Broker convicted for indecent exposure
Mark Mellett, managing director of Spitfire Brokers, has been convicted in a Hampshire court of indecent exposure but avoided a jail sentence.
Aston Lark to open branches in South Wales and the Thames Valley
Aston Lark is expanding its UK regional footprint by opening offices in South Wales and The Thames Valley.
SRG starts 2023 with Fleet and Commercial buy
Specialist Risk Group has bought Oxfordshire-based specialist broker Fleet and Commercial in its first deal of the year.
Loadsure boosts freight offering with Tokio Marine Kiln capacity backing
Loadsure has received capacity backing from Tokio Marine Kiln to enhance its freight protection offering.
Brokerbility strikes first schemes deal with Ecclesiastical
Ecclesiastical has become the new insurance partner for Brokerbility’s bricks and mortar scheme, taking over from Aviva.
Higos adds 10 apprentices in Wiser Academy tie-up
Higos has taken on 10 college leavers as apprentices working with Wiser Academy to help build the next generation of insurance brokers in the South West.