News
PwC highlights pressure on motor, home and specialty insurance from Trump’s tariffs
PwC has warned of higher claims costs, particularly in motor and home, leading to pressure on premium rates due to the US placing new tariffs on its global trading partners.
FOS expects motor insurance complaints to stay high in 2025/26
The Financial Ombudsman Service has flagged it expects complaints about motor insurance to remain high in 2025/26 due to the higher cost of, and supply challenges around, parts and labour.
Ardonagh Advisory strikes deal with new premium finance partner
Premium finance provider PremFina has announced a partnership with Ardonagh Advisory.
Brown & Brown acquires firm from fellow top 100 UK broker
Brown & Brown has purchased commercial motor insurance specialist BCM Acquisitions, trading as 1st UK Broking.
MGA appoints Stuart Reid as chair
Specialist business health insurance MGA Equipsme has appointed Stuart Reid as chair of its board.
MGA inks five-year capacity deal with Allianz Commercial
Managing general Agent Rokstone, part of the Aventum Group, has entered a five-year capacity arrangement with Allianz Commercial.
CFC launches cyber “game-changer” for brokers
The specialist insurance provider CFC has launched a new cyber product aimed at all businesses with revenues up to £250m.
Brokerbility adds Cass-Stephens Insurances as member
Gloucester-based Cass-Stephens Insurances has joined Brokerbility, switching across from Bravo Networks.
Law firm warns brokers clock is ticking for Covid-19 BI claims
Fenchurch Law has warned brokers to make sure clients file any Covid-19 business interruption claims now, before they are time-barred.
Matt Williams named UK and Ireland CEO at Allianz Trade
Matt Williams, currently regional credit director for Allianz Trade in Northern Europe, is moving to be CEO in the UK and Ireland succeeding Sarah Murrow.
Deal-linked Esure swings back to profit
Motor and home insurer Esure, previously touted as takeover target for Ageas, Allianz and Aviva, moved back into the black in 2024 with a £57.7m post tax profit reversing a loss of £60.1m the year before.
HDI takes Breese from Arch as cyber leader
HDI Global UK and Ireland has recruited Marcus Breese as head of cyber underwriting, joining from Arch Insurance International.
Arron Banks slams Green ‘wokery’ and ‘finished’ Tories as he announces mayoral tilt
Somerset Bridge and Brightside founder Arron Banks has been confirmed as the Reform UK party mayoral candidate for the West of England.
Brunel Insurance Brokers in North Devon broker deal
Brunel Insurance Brokers has snapped up the renewal rights of John Walker Insurance.
MGA adds Hiscox to non-standard property panel
NBS Underwriting has added A-rated capacity from Hiscox to its non-standard household product panel.
Confidence on growth stays stable as regulation remains to the fore
Around nine in ten leaders continue to feel upbeat about growth prospects for the second quarter of 2025, according to the latest findings in the KPMG UK Financial Services Sentiment survey.
Lloyd’s bound Convex releases 2024 results
Convex Group grew gross written premiums by 22% last year to $5.17bn (£4bn) as its combined operating ratio improved to 87.6% from 89.6% in 2023.
Mitsui Sumitomo to buy 15% stake in W.R. Berkley
Japanese insurer Mitsui Sumitomo Insurance has signed up to buy 15% of the shares in New York Stock Exchange listed W.R. Berkley Corporation.
RSA cutting up to 250 jobs in Peterborough following personal lines exit
RSA has put 250 jobs at risk in its Peterborough office over the next two years, following the insurer’s decision to exit the personal insurance market first announced in December 2023.
People Moves: 24 – 28 March 2025
Keep up to date with the latest insurance industry personnel moves.
Iprism grows again with a 21% boost in 2024
Managing general agent Iprism Underwriting Agency grew 21% in the year to 30 June 2024, building on the 16% achieved the year before, and is eyeing up further expansion in 2025.
Allianz Commercial appoints CUO and CTO
Allianz UK has appointed Adam Lloyd from Allianz Australia as chief underwriting officer in Allianz Commercial and promoted Claire Buck to the newly created role of chief technical officer for the division.
Ardonagh posts 8% organic growth for 2024
The Ardonagh Group has declared a 24% rise in reported income to $1.98bn (£1.53bn) in 2024, a year it completed 68 acquisitions around the world.
Ardonagh December 24 raise measured at $2.5bn – report
Ardonagh will bring in up to $2.5bn (£1.94bn) from investors to be used for its growth plans including acquisitions, according to Bloomberg.