News
Gallagher posts rising brokerage revenues for 2020
Europe, Middle East and Asia CEO Simon Matson says the UK business achieved organic growth of 5% in 2020.
Markerstudy "keen to get back on the acquisition drug" after £200m investment
Group underwriting director Gary Humphreys says funding agreement led by Pollen Street Capital restructures the MGA's debt and opens the business up for making further deals.
MGA Inperio updates terrorism proposition
A digital trading platform focusing on terrorism & sabotage has been developed for brokers.
Blog: Supporting confidence to trade amid twin disasters of Covid and Brexit
Milo Bogaerts, of trade credit specialists Euler Hermes, explores how the extension of the UK trade credit insurance state support scheme will help brokers and carriers create the confidence to trade for their clients.
Q Underwriting launches property and package division
The line is supported by capacity from Ergo UK Specialty which is part of Munich Re.
Biba Travel Medical Insurance Directory approved by FCA
The document has been designed to help brokers comply with regulatory obligations.
Howden to buy in the UK as it confirms £500m war chest
CEO David Howden hopes A-Plan will help attract UK brokers who do not want to join the "traditional aggregators" as it explores deals of all sizes.
Prometheus Insurance falls into administration
The Gibraltar-based insurer, also known as Tradewise Insurance Company, which went into run-off last year, cannot meet claims in full.
Guide launched to aid inclusive policy design
Insurance Cares: The document has been developed by Fair By Design with input for providers and regulators and has been created to help vulnerable customers.
Julie Page to head up merged Aon/WTW business in the UK
It is believed WTW head of GB, Nicolas Aubert, will remain with the organisation until the close of the deal.
Brokers push government to cover Covid-19 event insurance gap
Without backing as soon as possible events will be unable to take place over the summer as broker calls for £200m support package.
Markerstudy in £200m investment deal led by Pollen Street Capital
QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
Apollo replaces head of marine and energy liability
Rob Johnston replaces Howard Burnell who was convicted of assault last week.
Howden reveals organic growth of 6% and rising revenues
The broking group says it has facilities of over £300m to support growth and acquisitions, as it looks to make more deals in the retail space and to grow its MGA arm, Dual.
PIB’s Brendan McManus lifts lid on Apax deal
The leader says brokers have become even more popular with private equity investors following Covid-19 as many have sustained performance and kept hold of revenue despite the pandemic.
Usage-based car cover platform created
The proposition has been developed by By Miles founder, Callum Rimmer, for insurers and brokers to offer access to usage-based cover to the motor market.
People Moves: 25 - 29 January 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.
GRP-owned Premier Choice Healthcare makes first deal
PCH, which was bought by GRP last June, says it is committed to expanding the consolidator's healthcare operation.
PIB sold to Apax funds
The investment is set to “accelerate strategic M&A” for the broker as it is also confirmed that former backer, the Carlyle Group, has retained a minority stake in the business.
FCA orders insurers to pay claims swiftly following Supreme Court ruling
In a letter to insurers, FCA executive director Sheldon Mills, urges firms to reassess and settle valid BI claims.
Aviva’s Patrick Tiernan moves to Lloyd’s
Tiernan will take up the newly created role of chief of markets.
Blog: How brokers can stay relevant in the shared economy
Ian Sweeney, SVP & GM of Trōv Mobility, offers us the inside track on Trōv’s evolution from a direct to broker proposition and shares his thoughts on what brokers must do to take advantage of the opportunities in the sharing economy.
Aviva confirms office closures amid restructure
The provider says it will retain presence in all cities and towns where it currently has offices and notes the move will not result in any redundancies.
Blog: The broker fallout from the Supreme Court BI ruling
Ashwin Mistry slams those attacking brokers and warns that the Orient Express ruling could leave some sectors uninsurable.