News
Ex-ABI boss Huw Evans named KPMG UK’s head of insurance
Huw Evans has been appointed head of insurance at KPMG in the UK, replacing Trevor Jones from April 2024 who is retiring from the firm.
Home insurance prices rise a record 36% in a year
The average quoted home insurance price increased by 36.1% in a year to October, the highest annual rise on record, according to the latest Consumer Intelligence Home Insurance Price Index.
UK property MGA to launch in January 2024
Real estate managing general agent Ventis is set to launch in January with capacity from Accelerant and the support of Mission Underwriters.
Biba reveals 2024 theme for first conference under new CEO Trudgill
‘What’s next?’ has been announced as the theme of the British Insurance Brokers’ Association conference in 2024.
Brown & Brown snaps up South Wales broker R McGee
Brown & Brown (Europe) has bought out R McGee Insurance Brokers based in Maesteg, Glamorgan, for an undisclosed sum.
Jensten buys Scrutton Bland in East Anglia
Jensten has added to its footprint in East Anglia buying Scrutton Bland Insurance Brokers to follow up its purchase of One Broker, which completed last month.
GIC buys out Cinven’s shareholding in Miller
Cinven, the international private equity firm, has reached an agreement for GIC to acquire its shares in insurance broker Miller.
Ardonagh buys RiskSTOP Group
Ardonagh Advisory has purchased RiskSTOP Group, a provider of risk management surveys and ancillary services to the UK insurer and broking communities.
People Moves: 4-8 December
Stay in the loop with the latest insurance personnel moves.
The Green Insurer launches on CDL’s Strata
The Green Insurer has opened for business claiming to be the UK’s first truly green car insurance broker.
ABI adds Blanc, Foley and Boulton to board
The Association of British Insurers has added Aviva’s Amanda Blanc, Axa’s Tara Foley and Clive Boulton of M&G Life Insurance to its board.
AssuredPartners buys CIA Insurance
AssuredPartners has purchased Rugby-based CIA Insurance, a specialist landlord insurance broker.
SRG nets biggest deal to date with CBC buy
Specialist Risk Group has agreed to acquire London-based professional lines specialist, CBC Partnership.
RSA sells home and pet books to Admiral and confirms UK PL withdrawal
Intact Financial Corporation has reached an agreement to sell RSA’s UK direct personal lines operations, representing approximately £165m of annual premiums, to Admiral Group.
A fifth of UK businesses victims of cyber-attacks in past year
Research by Aviva has found one in five businesses have been victims of a cyber-attack in the past year, with only 17% of small businesses having a cyber policy in place.
QBE joins Biba as partner
The British Insurance Brokers’ Association has added QBE as a partner, its 23rd in total.
FOS to drop levy to £70m from £106m
The Financial Ombudsman Service is consulting on lowering its levy by £36m for the 2024/25 financial year to £70m, as it projected reducing income by £51m.
Ripe adds motorhomes and campervans to portfolio
Insurtech broker Ripe has expanded its product portfolio with the launch of motorhomes and campervans insurance.
Markel recruits Axa’s Jo Sykes to lead broker business
Markel has appointed Jo Sykes as divisional director for the UK broker channel.
Hallsdale Insurance buys ABR Insurance
The Broker Investment Group-backed Hallsdale Insurance has bought Allbright Bishop Rowley Insurance, based in Leicester.
Ex-Brightside and Markerstudy boss Martyn Holman adds Canford Law to portfolio
Martyn Holman has joined Canford Law as a board advisor to help in the strategic development of the business as it seeks new opportunities in the insurance market.
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Clear Group continues expansion with P W White & Partners purchase
The Clear Group has bought the entire general insurance book of regional intermediary P W White & Partners.
Polaris updates imarket with £1.5m investment
Polaris has updated its flagship digital trading platform imarket following a £1.5m investment.