News
Clear buys London-based broker
Clear Group has added London-based broker Moore Robinson to its UK retail arm.
Covea returns to profit as GWP drops
Covea Insurance has reported profit after tax of £32.9m, swinging out of the red, for the year ended 31 December 2024.
Biba launches MGA capacity guide
The British Insurance Brokers’ Association has launched a guide to help its members access the capacity of managing general agents, in response to member demand.
Ex-Zurich/RSA CEO Lewis appointed MGA chair
Managing general agent Arkel has appointed former Zurich and RSA CEO Steve Lewis as chairman, effective immediately.
Saga unveils broking and underwriting results ahead of Ageas deal completion
Saga’s insurance broking arm reported a total earned underlying profit before tax of £14.4m in 2024 (2023: £39.8m) in its final full year results before it completes a new distribution partnership with Ageas.
Fairchild: broker deal slowdown highlights need for “fresh approach” to M&A
The mooted decline in broker merger and acquisition activity in the UK means it is the right time to introduce a new approach to deal-making.
FCA to consult on 2025/6 fees as it plans 2.2% hike for brokers
The Financial Conduct Authority has revealed it is proposing to raise broker fees by 2.2% as it outlined plans for its 2025-2026 work programme today.
Thomas Carroll expands into ‘underserved’ Bristol with new office
Thomas Carroll is set to open its first office in Bristol on 1 May, headed up by Thomas regional director Scott Levett.
Ex-Erskine Murray boss takes MGA NED role
The former Erskine Murray Insurance Brokers owner and CEO Tom Bartleet has been appointed to non-executive director at MGA Qlaims.
Addept enters legal expenses market with double launch
Addept Insurance Services has today announced the launch of the first of a new suite of legal expenses insurance products.
Aviva reports 18% increase in ghost broking frauds in 2024
Aviva detected an 18% increase in ghost-brokered policies and linked an additional 8,600 cases to open investigations into known ghost broking cases in 2024.
Partners& rebrands Scottish broker MacDonald Group
Scottish broker MacDonald Group is rebranding to Partners& following its acquisition in 2022.
MGA expands appetite for contractors to include builders, plant and skip hirers
Speciality insurance managing general agent Fiducia has expanded its risk appetite for combined liabilities insurance to include a range of new broker contractor clients.
Acorn boosts GWP by over 40% in 2024
Merseyside-based Acorn Group has reported gross written premiums soared 41% to record £742m in the financial year ending 31 December 2024.
Former broking CEO Fairchild takes new M&A role
Former Broker Network and Applied Systems Europe CEO Andy Fairchild has joined IDEX Consulting to lead the business’ M&A division.
Yutree outlines plans after MBO
Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.
Top 100 UK Broker Bartlett posts growth in 2024
Leeds-headquartered Bartlett Group grew turnover by 7.8% in the year ending 30 September 2024, building on expansion the year before.
People Moves: 31 March – 4 April 2025
Follow the latest personnel moves in insurance.
Ardonagh Advisory buys ALP Holdings in Liverpool
Ardonagh Advisory has bought ALP Holdings, including its wholly owned subsidiary, Letton Percival.
Ex-Hiscox HNW boss Holmes’ new broker employer revealed
Specialist Risk Group has recruited Hiscox’s former high net worth broker boss Nicola Holmes.
Aviva partners with Towergate on caravan cover
Ardonagh-owned Towergate has teamed up with Aviva on caravan, park and leisure homes.
Two specialty MGAs set to merge
Managing general agents Nirvana and Pulse have announced plans to merge their businesses.
Flood Re boosts education drive with academy launch
Flood Re has launched a dedicated online e-learning platform providing free training on the Flood Re scheme and the Build Back Better initiative.
Gallagher grows real estate practice with broker buy
Gallagher has purchased commercial insurance broker Bicroft Insurance Services, expanding the broking giant’s real estate practice.