News
CFC launches second carbon insurance solution
CFC has launched its second insurance solution for buyers of voluntary carbon credit, Carbon Cancellation Insurance.
AUB takes 40% stake in Momentum
Tysers owner AUB Group has signed up to buy a 40% equity stake in appointed representatives network Momentum Broker Solutions, subject to regulatory approval.
Welsh broker strikes another deal
Abergavenny-headquartered FR Ball Insurance has acquired Howells Insurance in Llantwit Major.
JMG in double swoop for motor and cleaning specialist brokers
JMG has bought Executive Insurance Services and Gleaming Insurance, in a move it said took the group to £300m in premium.
Brown & Brown expands further in Northern Ireland
Brown & Brown Europe has bought Rollins Insurance Brokers, based in Holywood, Northern Ireland.
Aviva warns on increase in summer floods
More floods are happening outside of traditional ‘flood season’, with more than a third (35%) of home insurance flood claims occurring between June and August, according to new analysis from Aviva.
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Flood Re CEO Andy Bord steps down after seven years
Andy Bord, CEO of Flood Re, will be stepping down at its annual general meeting this July after seven years in the role.
London-based MGA incubator acquired by US insurance group
Ambac Financial Group, the US-based insurance holding company, has agreed to acquire a 60% controlling stake in Beat Capital Partners, the specialist insurance underwriting and managing general agent incubator, for $282m (£220.6m).
Ex-insurance broker jailed for pocketing £46k from bouncy castle hire companies and amusement parks
A former insurance broker has been jailed for two years, after he stole £46,125 by editing a wholesale broker’s contracts to increase the cost of premiums paid by his clients, the City of London Police have confirmed.
Seventeen Group strikes two deals
Seventeen Group has bought Wisemans Insurance Services in Ashford and Manchester-based North West Risk Solutions.
Allianz Commercial backs MGA on marine products
Allianz Commercial has teamed up with ProMarine on a multi-product strategic underwriting and claims delegated authority agreement.
Accelerant Insurance Europe sees record GWP ahead of UK MGA business transfer
Accelerant Insurance Europe recorded €780m (£664m) gross written premium for the 2023 financial year (2022: €659m), according to its latest Solvency and Financial Condition Report.
SRG adds Accredited capacity to MX
Specialist Risk Group’s managing general agent, MX, has sealed a capacity deal with Accredited Insurance (Europe).
Pen expands into Ireland with Wrightway Underwriting
Pen Underwriting has bought Republic of Ireland-based managing general agent Wrightway Underwriting establishing its first on-the-ground presence in the country.
Ardonagh buys BP Insurance Brokers
Ardonagh Advisory has bought Lancashire regional and specialist personal lines broker, BP Insurance Brokers.
Mike Dickinson named MD at Russell Scanlan
Mike Dickinson has been appointed managing director of Nottingham-headquartered Russell Scanlan with Bryan Banbury stepping down, but staying at the broker as chairman.
TL Dallas grows Scottish presence buying Marsh Commercial’s Highlands and Islands business
TL Dallas has signed up to buy Marsh Commercial’s business in the Highlands and Islands of Scotland, with the deal expected to close in August.
AssuredPartners doubles 2024 deal count with latest buys
AssuredPartners has acquired the insurance related assets of Everett Mead and ACG Broking Services, bringing an additional £3m of gross written premium to the broker.
Stephanie Ogden promoted to CEO of HDI Global UK & Ireland as Taylor retires
Stephanie Ogden is to take on responsibility for commercial and specialty business as the new CEO of HDI Global UK & Ireland from 1 September, the insurer has confirmed.
CFC updates fintech insurance cover
CFC has made a “major overhaul” to its fintech insurance cover in the UK, Canada and Australia, across both professional service and technology exposures.
Arch adds Motwani from Aon as UK COO
Arch Insurance International has recruited Ketan Motwani from Aon as UK chief operating officer taking up the role with immediate effect.
Jensten completes Burbage and Seymour buys
Jensten has completed the purchases of Melville Burbage and Henry Seymour & Co following final regulatory approval.
Patons increases GWP by more than 18%
Patons Insurance’s gross written premiums rose by 18.42% organically to £27m in the financial year to March 2024 – a record high.