News
Markerstudy pulls back from MGA capacity arrangements on motor fleet
Insurer says it is looking to expand its own fleet business “substantially”.
Clark Thomson posts £659,000 pre-tax profit
Broker reports Ebitda of £1.05m.
LV Broker develops mid-market product suite
The commercial lines division offering is a risk-management led proposition.
Pound Gates Children’s Nursery scheme transfers to Ecclesiastical
The insurer takes over the £2.3m GWP scheme which was underwritten by RSA via Pen Underwriting.
Towergate extends farm partnership with Axa
The broker’s farming MGA AIUA has announced a deal believed to be in the region of £45m.
The ICO fines RSA £150,000
Fine follows the loss of personal information of nearly 60,000 RSA customers.
Biba launches product recall scheme with CFC
The association said the scheme offers two policies tailored for food and non-food sectors.
Aon launches Brexit tool
Three step solution aims to help organisations asses the impact of Brexit.
Brightside Group v RSM UK Audit continues in court
Broker awarded costs as RSM UK’s application is dismissed.
Green Insurance sees post-tax profit up 15% in 2016
Revenue up as operating profit slips.
Transactor reports first ever £1m Ebitda
Software company also breaks through £10m revenue barrier.
Cobra holding company posts rising revenue and profits
Bank debt drops by over £2m following disposals.
#insagepeople 9 - 15 January
Keep up to date with the latest people moves.
Octagon closes to new business
The Gibraltar-based firm switches from insurer to MGA and insists it is still solvent.
Transactor blames Brexit for hosting price rise
Software house says increase in hosting price is a result of the decline in value of the pound against the US dollar.
Quizzical questions: 6 January 2017
Test your knowledge of the week's news with our topical quiz.
Beazley adds pleasure craft cover to its e-trading platform
Policy can cover vessels worth up to £10m.
Broking Break: Your Top Five
The new year has kicked off with a slew of acquisition stories and the possibility of a broker seeing part of his life made into a Hollywood film.
Barbican Protect launches marine insurance division targeting SME business
Sarah Joiner appointed as marine underwriter.
Alex Alway joins Compass
The former CEO of Jelf has been appointed executive chairman of Compass Broker Holdings as Jelf GI boss also set to exit.
Sure Thing! posts £7.6m pre-tax loss for 2016
The results which showed a turnover increase to £4.8m are in line with expectations according to the motor broker.
Meet the techies: Freddy MacNamara warns brokers could be history in ten years
Cuvva CEO Freddy MacNamara predicts that tech could change broking forever and calls on brokers to understand insurtech now.
Fear of cyber-attacks drives sale of insurance up 50%
Total written premium for cyber insurance globally today is estimated at £2bn.
Finch Group buys Citymain Insurance Services
It is the first acquisition for the Broker Network member.