News
Turnover up but profits slip for Be Wiser
CEO Mark Bower-Dyke said marketing and staffing spend had increased to counteract competition and fewer cars on the roads.
BGL targeting 200 apprentices for new academy
Recruits to range from school leavers to degree holders.
CBL collapse pushes Danish insurer Alpha into liquidation
Alpha said that the fall was directly linked to the failure of CBL Insurance.
Axa to buy XL for $15bn
Deal subject to shareholder approval and expected to complete in the second half of 2018.
Manchester Underwriting Management buys Pelican
Charles Manchester targeting of £10m of GWP in the next 12 months.
Podcast: The top 5 stories of the week
Emmanuel Kenning and Siân Barton have a look at the most read stories over the last week.
Profits up at ICB in 2017
Turnover rises at the broker without any acquisitions.
Elite named in CBL Insurance affidavit
The Central Bank of New Zealand has applied for an interim injunction against CBL Insurance.
ERS reports post-Ogden loss for 2017
Provider’s combined operating ratio improves slightly to 104.9%.
Alpha Insurance at risk of failing solvency requirements
Unrated Danish insurer hit with order by Danish FSA.
Turnover dips but profit stable at Open GI in 2017
Software specialists increase R&D spend.
Quizzical questions: 2 March 2018
Test your knowledge of the week's news with our topical quiz.
Brendan McManus promises no pause to buying after Lorica deal
CEO says PIB will maintain focus on businesses with specialities.
Chartwell Healthcare bought by JLT
Broker Chartwell serves the UK SME sector and the deal takes GWP for JLT’s health and employee benefits divisions to £200m.
Hastings confident of hitting 2019 growth targets
CFO Richard Hoskins says firm is focused on organic growth and digitalising the business.
Towergate and Broker Network owners HPS and MDP buy Compass
Compass sells after its 2016 MBO from Arthur J Gallagher.
Endsleigh puts 77 people at risk of redundancy
Broker closing claims office in Burnley.
PIB Group buys Lorica
The deal for the broker is PIB’s 13th investment.
Clear buys Genavco Insurance
Broker now handles over £115m in premiums.
Hastings reveals growth in 2017
Firm posts rising GWP and profits as Toby van der Meer takes over as CEO.
Azur MGA launches HNW car collector product
Collector Car is underwritten by AIG and can also incorporate everyday vehicles.
Turnover up and profits surge for MCE in 2017
Broker posted £6.7m turnover increase, pre-tax profit growth of £11.2m and noted it is awaiting the outcome of a tax dispute with HMRC.
JLT targets bolt-on acquisitions
Deputy group CEO Drummond Brady hails “very strong set of results” for 2017 as broker posts 35% pre-tax profit rise.
Biba InsurTech survey reveals market split over embracing innovation
Nearly 40% say the sector has not embraced innovation and 44% of brokers also don’t believe software houses have done enough to innovate.