News
Backpage - May 2022
Meet our pet of the month, learn about the industry's charity endeavours and take a look at the lighter side of insurance
Carlyle funds buy NSM in £1.44bn deal
White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with global investment firm Carlyle the former majority backers of PIB Group.
Clegg Gifford buys ARs to expand branch network
Markerstudy-bound Lloyd’s broker Clegg Gifford is targeting a branch network of 30 and is buying up its current appointed representatives, Insurance Age can reveal.
PremFina takes from Close Brothers to build senior team
Former Close Brothers MD, Paul Trail, has joined the premium finance provider alongside Laura Sweetman, Insurance Age can reveal.
David Williams joins Qlaims in first NED role
Former Axa leader David Williams has joined Qlaims as a non-executive director, Insurance Age can reveal.
AUB Group to purchase Tysers for £500m
The Lloyd’s wholesale broker has entered a binding agreement to be bought by AUB.
Broking Success: Strength in Scotland
Director Tom Yorke recounts his route from Giles to investing in Blue Rock Insurance Brokers, growing organically and competing on quality with the ethos of not doing speculative quotes as well as the opportunities for the Scottish broker as it targets…
Brokerring takes stake in accounts firm
Ataraxia and Brokerbility founder, Stuart Randall, explained that the advisory business has developed since it was set up last year to support independent brokers.
GS Group buys Dundee-based Strathtay
Family run business, Strathtay Insurance Brokers, has been bought by Perth-headquartered GS Group.
Coplus rolls out product development platform
Coplus has targeted brokers as it launched a go-to-market platform claiming it cuts the time needed to develop ancillary products to three months.
Dave Clapp sets £250m three-year target for MVP and Ataraxia
Dave Clapp, CEO of Minority Venture Partners and Ataraxia, has unveiled a £250m gross written premium target for the broker investment group over the next three years.
Regulation round-up: An end to form over substance?
Biba’s David Sparkes considers recent developments at the Financial Conduct Authority
Think targeting £30m GWP within three years
Think Insurance is currently looking at two more broker buys and has set a target of £30m gross written premium by 2025, commercial director Russell Bence told Insurance Age.
People Moves: 3 - 6 May 2022
Keep up-to-date with the top personnel stories on Insurance Age.
Landmark Underwriting makes two buys
Landmark Underwriting has revealed its first two deals after raising debt financing through SME lender BOOST&Co.
Stroll MD says digital broker could be as large as AbbeyAutoline in five years
Prestige Insurance Holdings has rolled out its new digital broker Stroll Insurance offering motor insurance to customers in Northern Ireland.
Opinion: The importance of the right chemistry for schemes and DAs
Axa UK’s Gary Head explains why the formula must be right to achieve long-term success
iRevolution announces launch of add-ons and claims businesses
Motor specialist iRevolution has developed a claims proposition and an operation to enable partner brokers sell add on products directly.
FCA staff go on strike with two more walkouts planned
Members of Unite have gone on strike at the Financial Conduct Authority today in a move the union said was the first industrial action taken since the regulator was created.
Biba joins GAIN as founding member
The British Insurance Brokers’ Association has joined the Group for Autism, Insurance and Diversity as its most recent founding member.
Seventeen Group buys Torbay Insurance Services
Seventeen Group has added Torbay Insurance Services to its portfolio for an undisclosed sum in a move that completed at the end of April.
FCA adds to senior leadership team
The regulator has made two promotions and hired a fresh senior advisor as it bolsters the leadership team amid the threat of strike action.
MUM reveals growth post Pen takeover
Manchester Underwriting Management has grown to just south of £70m gross written premium since being bought by Gallagher-owned Pen Underwriting, CEO Charles Manchester told Insurance Age.
Opinion: Why the human touch remains integral to the underwriting profession
MX Underwriting’s James Gerry explores why the personal touch will never go out of style in insurance