News
Bspoke increases HNW line size to £15m after locking down new capacity
Bspoke Private Clients, the mid and high-net-worth offering from Bspoke Group, has secured a new five-year capacity deal via the Accelerant Risk Exchange, increasing the maximum line size to £15m per single location.
Coversure opens eleventh office in past year
The Coversure Network, part of the Jensten Group, has strengthened its footprint in Manchester with the launch of Red Apple Brokers.
Superscript to open new Glasgow office and promotes trio
Superscript has announced plans to open a third office in Scotland and unveiled a series of promotions as part of what it has described as “next phase of growth”.
Bermuda insurer invests in MGA consolidator
The owner of UK MGAs Avid and Landmark, Bishop Street Underwriters, has announced that it has completed a strategic structured capital investment of $125m (£93m) by White Mountains Insurance Group.
Aviva grows broking Rising Stars programme with largest cohort
Aviva has extended its Rising Stars programme with its 19 cohorts, aiming to help brokers retain the best talent from across their business.
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Allianz CEO Holmes: ‘Head-scratching’ rivals holding up commercial market hardening
Allianz UK CEO Colm Holmes has lambasted a couple of rivals for pushing “head-scratching” commercial rates into the market and discounting to a point that is “excessive in extreme”.
Aviva restructures GCS team as Probitas CEO Washington leaves
Matt Washington, managing director of Global Corporate & Specialty at Aviva and CEO of Probitas, is set to leave the insurer as it restores his responsibilities into two roles.
Axa reports UK and Ireland softest markets in Europe in FY results
Axa UK and Ireland saw the softest markets across commercial and personal lines within the group’s European business, it reported today.
Bspoke secures £250m capacity deal with Accelerant
Bspoke Underwriting, the UK personal lines MGA, has secured a five-year capacity deal via the Accelerant Risk Exchange providing £50m of capacity annually.
Allianz UK profits jump 29.5% to £476.2m on the back of COR improvement
Allianz UK has reported a 29.5% increase in profit in 2025 to £476.2m (2024: £386.8m) on the back of an improved combined operating ratio of 93% (2024: 93%) as its total business volume shrunk by 0.3% to £4.66bn (2024: £4.64bn).
Hiscox recruits Jadav from Axa XL as UK CUO
Anish Jadav has been appointed UK chief underwriting officer at Hiscox, succeeding Ben Horton.
Ageas posts higher UK premium amid deal effects starting to kick in
Ageas grew UK premium by 6% to €1.93bn (£1.68bn) last year with the insurer noting a “solid UK result despite [the] softer market”.
Hiscox grows UK book even faster in 2025
Hiscox’s growth momentum has accelerated again in the UK, with the insurer excited about its results and even “more excited about the future” with brokers, according to group chief underwriting officer Joanne Musselle.
Wiser Academy launches bite-size training platform
Wiser Academy has launched a free digital platform supporting more consistent learning by making content easier to access and complete, and giving employers better visibility of skills development and progression.
Ex-senior Dual duo launch new specialist manufacturing MGA
Accelerant-backed managing general agent incubator Mission has hit double figures for UK/EU start-ups with the launch of Elitium today.
Sompo swaps Stanford for Thaker as UK CEO after completing Aspen deal
Sompo has replaced its UK CEO Bob Thaker with his equivalent at Aspen, Sarah Stanford.
Prestige to become AUB’s primary UK retail brand
AUB Group has outlined its UK broking plans and signalled further M&A is on the cards, having signed up to buy 95.9% of Prestige Insurance Holdings for A$432m (£219m) last month.
Revenue and adjusted Ebitda tick down at Open GI
Open GI has posted £60m of revenue for the year ended 31 May 2025, down from £61.7m as adjusted Ebitda also fell but investment rose.
Movo picks Applied for personal lines panel on Quote Portal
Movo Partnership has teamed up with Applied Systems to power its Quote Portal providing network brokers access to insurer and MGA personal lines schemes for full-cycle EDI trading.
FCA sets four targets in its inaugural regulatory priorities report
The Financial Conduct Authority has issued its first regulatory priorities report for insurance as it switches away from penning portfolio letters.
Bayles confirmed as CEO of GI broking at Everywhen
Phil Bayles’ switch from chief commercial officer at Everywhen to CEO of general insurance broking has been confirmed, after he took on the post in December subject to regulatory approval when Richard Tuplin left.
Duo step up in Teddington as new Coversure branch owners
Senior brokers and longstanding members of the team, Mel Franke and Ciara Curran, have bought the Coversure Teddington book of business from the current, and retiring, franchisee Philip Macdonald.
MGA launches commercial HGV motor breakdown policy
Add-on insurance specialist Alps has launched a commercial HGV motor breakdown policy designed to provide nationwide rapid roadside and base assistance to HGV vehicles above 7.5 tonnes.