News
Markerstudy weighing up Northern Ireland options as it exits short-term market
Markerstudy has confirmed to Insurance Age that it plans to withdraw from the short-term motor insurance market.
SSP Broker names Martyn Mathews MD
SSP Worldwide has appointed Martyn Mathews to the newly created role of managing director of SSP Broker.
Biba sets out triple push to government ahead of Spring Budget
The British Insurance Brokers’ Association has called for insurance premium tax cuts, increased flood defence spending and apprenticeship levy reform in the government’s Spring Budget.
Deals and organic growth boost Howden revenue to £2.44bn
Howden grew revenue by 33% to £2.44bn in the year ended 30 September 2023 on the back of 56 acquisitions and 13% organic growth.
Brown & Brown buys Kent-based Stewart & Partners
Brown & Brown has bought out Oxlea Investments, trading as Stewart & Partners, to become part of its South East retail hub Green Insurance Group.
NBS launches hospitality product
NBS Underwriting has launched a multi-location hospitality insurance product.
Ardonagh in $2bn bond deal – Bloomberg
Ardonagh is launching a near-$2bn (£1.59bn) bond sale in a process led by Morgan Stanley and Goldman Sachs, according to Bloomberg.
UK commercial pricing flat in Q4 – Marsh
UK commercial insurance pricing was flat in the final quarter of 2023 having posted its first fall in years in Q3, according to the latest research by Marsh.
Ardonagh Advisory boosts Scottish presence
Ardonagh Advisory has purchased Glasgow-based Solutions Healthcare, a whole-of-market healthcare insurance broker.
Aon post 5% commercial organic growth for 2023
Aon has reported 5% organic growth in its commercial risk solutions business to $7.04bn (£5.52bn) in 2023 as profits across the global giant slipped year-on-year.
The AA buys Keycare
The AA has purchased Key Care, the household and motor key insurance specialist.
Voyager snaps up specialist travel broker
Voyager Insurance has completed the purchase of Norwich-based specialist broker Navigator Travel Insurance.
AM Best sees positive implications for Folgate rating after Hadron deal
AM Best is reviewing the ratings of Folgate Insurance after the takeover by Hadron, flagging Folgate is expected to be “strategically important” to the US hybrid carrier.
People Moves: 29 January – 2 February 2024
Keep up to date with the latest insurance personnel moves.
US insurer Hadron enters UK market with Folgate takeover
Hybrid carrier Hadron, which launched in 2023, has bought Folgate Insurance Company for an undisclosed sum.
Clear buys HNW broker Porticus
Clear Group has bought London-based high-net-worth specialist broker Porticus Insurance Consultants in its first deal of 2024.
Jensten strikes first deal of 2024 with Home Counties buy
Jensten has bought community broker Melville Burbage, its first deal of 2024.
JMG Group’s Astute makes first buy with property specialist
Astute Insurance Solutions has bought property specialist Sandhouse Insurance in its first deal since becoming part of JMG Group in 2022.
CMA launches investigation into Markerstudy acquisition of Atlanta
The Competition & Markets Authority has launched an investigation into the acquisition of Ardonagh-owned Atlanta by Markerstudy.
RSA launches resource hub for broker profin clients
RSA Insurance has launched a bespoke online resource hub to help broker clients protect and manage their business.
Aviva boosts group accident and travel products with wellbeing package
Aviva has added mental health support to its group personal accident and business travel products in a move it labelled “a first for the industry”.
Gracechurch awards regional claims Service Quality Marque to insurer trio
Independent insurance research consultancy Gracechurch has awarded its Service Quality Marque to Allianz, Chubb and Ecclesiastical for UK regional claims.
Ardonagh strikes deal to sell Robus to Strategic Risk Solutions
Ardonagh has agreed to sell captive and insurance management group Robus to insurance company manager Strategic Risk Solutions.
Howden buys AHR Consultants
Howden has bought Rugby-based AHR Consultants, bolstering its risk management capabilities in the UK.