News
Gallagher highlights ‘excellent’ UK amid booming organic growth
The UK has been one of the strong performers in Aon and Gallagher results, as clients battle the economic slowdown.
Neil McFarlane to retire from TH March with Simon Dawe appointed MD
Specialist jewellery insurance broker TH March has confirmed that CEO Neil McFarlane will be retiring in early 2023 and that Simon Dawe has been named as managing director.
CII issues apology after data breach
The Chartered Insurance Institute has apologised after it identified an unauthorised third party had accessed its IT systems.
‘Stacks and stacks’ of UK brokers still left to join us – Acrisure UK chief McIlquham
Despite evidence that the number of UK brokers available for purchase is diminishing, Acrisure's UK retail chief Mark McIlquham says there are still lots left attracted to its model.
Martin Thompson named Brit CEO as Matthew Wilson steps down
Martin Thompson has succeeded Matthew Wilson as group CEO at Brit and executive chairman of digital and algorithmically-driven Lloyd's of London syndicate Ki.
Gallagher accused of ‘anti-ethical’ position in row over storm-damaged block
Gallagher has denied breach of duty, but now housing firm has hit back with 'anti-ethical' claim.
People Moves: 24-28 October 2022
Keep up to date with the latest personnel changes within insurance.
Buyer gears up for Markerstudy insurer swoop amid QIC exit
Qatar Insurance Company wants to exit loss making business and is poised to sell its Gibraltar-based direct insurance carriers.
Aviva invests £9m to help with crisis support
Aviva has invested £9m into Citizens Advice and Business Debtline services to aid with crisis support.
Towergate ‘not entitled to ignore warnings from Gable’s auditors’, claims pub wanting £3.3m payout
Pub chain claims Gable was in precarious financial position and Towergate did not advise properly. Towergate business denies the allegations.
Sutton Winson snapped up by acquisitive broking group
Sutton Winson and Sutton Specialist Risks have been acquired by Acrisure.
RCapital and Montague complete UK General deal
Rcapital Partners LLP, and joint investor Montague Investment Group have completed the acquisition of UK General Insurance and Precision Partnership Limited, following regulatory approval.
Bravo Networks offers staff fully funded apprenticeships
Bravo Networks is offering its members the opportunity to grow their staff through fully funded apprenticeships, provided by learning and development company Raise the Bar.
County Group buys North Wales broker
GRP’s County Group has acquired broker Business Insurance Specialist for an undisclosed sum.
MVP invests in Yorkshire broker
Minority Venture Partners have announced a new investment, this time in Yorkshire insurance broker Hathaway and Cope.
TL Dallas to expand into Cumbria
TL Dallas, which has 11 UK offices, is expanding into Cumbria with Lynne Taylor and Emma Irving to head up the new office.
Close Brothers boss Seán Kemple hails broker investment and promises more efficiency to come
Close Brothers Premium Finance now trades with 1,650 UK brokers and a further 150 firms in the Republic of Ireland, managing director Seán Kemple has confirmed as he committed to growing the reach even further.
No major impact on insurers by inflation: report
Plenum Investments’ 2022 half year report has shown that inflation has not had a serious impact on the insurance sector, except for UK motor insurers, and higher interest rates gave led to an improvement in Solvency II positions.
Kelliher reports turnover and profit growth for 2021
Kelliher Insurance Group has recorded a 6.4% increase in turnover for 2021 to £17.3m.
Alan Atkins new CEO at MCE Insurance
MCE Insurance has a new CEO, with Alan Atkins taking up the mantle and former CEO Julian Edwards stepping into role of executive chair.
FCA threat of premium finance crackdown rises amid ‘fairness’ concerns
The Financial Conduct Authority has a list of concerns about premium finance, with two of its most powerful figures in general insurance expressing their unease over issues with the product.
Aon to offer 1,000 work experience places
Aon has announced it will offer 1,000 work experience placements per year for UK college students from low socio-economic backgrounds starting in 2023.
People Moves: 17-21 October 2022
Keep up to date on the latest personnel changes in insurance.
PRA hands MS Amlin £9.7m fine
The Prudential Regulation Authority has issued MS Amlin Underwriting a £9.7m fine for failing to comply with regulatory obligations.