News
Stait takes interim charge of Allianz mid-market business after Carey departure
Allianz has moved to replace Ecclesiastical-bound Dave Carey with interim managing director for mid-market Graham Stait, pictured, effective from today and subject to regulatory approval.
Carey quits Allianz to become Ecclesiastical intermediary MD
Ecclesiastical Insurance has appointed Dave Carey as the new managing director of its intermediary business, to join in February 2025.
Clear makes fourth broker buy of 2024 with South-East swoop
Clear Group has acquired Leatherhead-based insurance broker R T Waters.
People Moves: 19 – 23 August 2024
Stay in the loop with the latest insurance personnel moves.
Tributes paid to “excellent chair” and “inspiration to many” Jonathan Bloomer
Hiscox and DWF have paid tribute to insurance and financial services veteran Jonathan Bloomer following his passing.
Hiscox chair Bloomer confirmed dead as body recovered after yacht sinking
Hiscox chairman Jonathan Bloomer’s body has been confirmed among the five recovered yesterday following the sinking of the Bayesian yacht on Monday.
Broker HNW clients less concerned about underinsurance than a year ago
More than a third (35%) of wealthy individuals admit they can’t remember the last time they had their art and collections valued, offering brokers a great opportunity to talk to their high net worth customers.
FCA warns it might repeat GAP intervention in other product sectors
The Financial Conduct Authority has said that it might need to repeat the intervention it has taken in the guaranteed asset protection [GAP] market in other sectors.
FCA: brokers struggling to marry remuneration with evidence of fair value assessment
Brokers are still struggling to provide adequate evidence they are appropriately assessing whether their remuneration is consistent with the fair value of the product they are selling.
Markel doubles floor space with Leeds office move
Markel has doubled the size of its Leeds branch by moving to the new City Square House, 34 years after its first office opened in the city.
Ex-Ardonagh MD Barclay takes over as CEO of top 100 broker
Lycetts has appointed Ian Barclay to CEO, succeeding Charles Foster who is retiring after seven years in the role.
Hiscox chair Bloomer named among missing people after Sicily yacht sinking
Hiscox chairman Jonathan Bloomer and his wife Judy have been named among the six people still missing following the sinking of the Bayesian yacht off Sicily yesterday.
SRG snaps up East Midlands broker
Specialist Risk Group has today unveiled Anthony James Insurance Brokers as its latest acquisition, subject to regulatory approval.
New product for beach hut and chalet owners launched
Compass, a specialist provider of caravan and leisure insurance, has launched a new policy offering cover for beach huts and beach chalets.
Arch expands presence in Glasgow with new office
Arch Insurance’s UK regional division has announced it has opened a new office in Glasgow as part of its growth strategy for the region.
Partners& CEO Barton: Mooted Labour tax plan offers “incredible opportunities” for M&A
Speculation that the new Labour Government might increase capital gains tax has created a fertile window for acquisitive insurance brokers.
Ardonagh Advisory buys R K Henshall
Ardonagh has acquired chartered insurance broker R K Henshall & Co based in Sandbach, Cheshire, subject to regulatory approval.
Accredited announces first major capacity deal post R&Q sale
Aventum managing general agent Rokstone has agreed a multi-year and multi-strategy capacity agreement with Accredited.
Momentum investor AUB takes 80% stake in Movo Group
Australian broking giant AUB Group has agreed to acquire an 80% equity stake in the Movo Group of Companies.
TBIG takes majority stake in £14m GWP broker
The Broker Investment Group has taken a majority shareholding in JPM Group, the holding company for BEAM Insurance Solutions, which operates at The Waterfront in Brierley Hill.
Over half of businesses have no flood action plan
A survey by Previsco has revealed that 54% of public sector and private companies do not have an action plan in place to deal with the increased risk of flooding.
Markerstudy Distribution CEO Donaldson unveils top team
Markerstudy Distribution has confirmed its top team under CEO Ian Donaldson following the completion of the Ardonagh personal lines deal at the end of June.
People Moves: 12 – 16 August 2024
Keep up to date with the latest insurance industry personnel moves.
Aviva UK&I GI boss Storah “bullish” commercial rates to hold steady throughout 2024
Aviva UK and Ireland general insurance CEO Jason Storah is confident that most of the wider commercial sector will continue to hold its nerve over rate and not chase short-term market gains – for now, at least.