Seventeen Group
Seventeen Group boosted turnover but losses widened in run-up to PE investment
Seventeen Group grew turnover by 16.4% to £52.76m in 2024 helped by 11 acquisitions however the cost of the deals hit the bottom line.
SRG’s Thorne to take over as Seventeen CEO from retiring Anscombe
Seventeen Group has announced that Specialist Risk Insurance Solutions managing director Oliver Thorne is to join the business in October as CEO.
SRG strikes motorsport team deal with Seventeen Group
Specialist Risk Group has agreed to take motorsport expert James Hirst and his team from Seventeen Group owned broker, James Hallam.
DR&P and Seventeen strike deals
DR&P Group has invested in West Yorkshire-based Spedding Goldthorpe (Brokers) while Seventeen Group has bought Trelawney Insurance Solutions in Cornwall.
Analysis: Is the era of offshore capacity over, or is it poised for a comeback?
High profile casualties such as Gibraltar-based Enterprise Insurance Company (2016), and Danish providers Alpha (2018) and Gefion (2021) meant offshore capacity came under scrutiny at the end of the last decade. Today there appears to be less noise about…
Patston named Touchstone MD as Roe retires
Mike Patston has been promoted to managing director of Touchstone Underwriting following the retirement of Alan Roe.
Private equity firm takes minority stake in Seventeen Group
European mid-market private equity firm IK Partners has signed up to take a minority stake in Seventeen Group, marking its entry into the UK insurance market.
Market Movement Index: Brokers cutting agencies to focus on fewer insurers
Analysis from Broker Insights shows brokers are consolidating agency numbers and ending relationships with smaller, less useful, insurers. Rachel Gordon breaks down the data.
New analysis: A short history of broker rebrands as Ardonagh bins ‘Towergate’
Yesterday Insurance Age revealed that Ardonagh Advisory is to become Everywhen, with the long-standing brand Towergate among those disappearing. Jonathan Swift takes a look at other post-2000 broker rebrands for pointers as to whether it might be…
Keys Premium Finance partners with Touchstone
Keys Premium Finance has partnered with Touchstone Underwriting, Insurance Age can reveal, to bring products and personal service to brokers.
Seventeen snaps up four brokers in October
Seventeen Group purchased four brokers across the UK in October after a string of deals throughout the year.
Seventeen Group lifts turnover in 2023
Seventeen Group boosted turnover by 21.8% to £45.31m in 2023 on the back of acquisitions and organic growth, as it trimmed losses compared to the year before.
Broker Expo 2024: Sellers have to work harder in 12 months after acquisition
Richard Pitt, managing director at Critical Friend Partnership, observed at the Broker Expo 2024 that in the first 12 months after the acquisition, the seller is “probably going to have to work harder”.
Anscombe, Thomas Carroll and Konsileo among the winners at UK Broker Awards 2024
Thomas Carroll Group scooped the Broker of the Year award, and Seventeen Group CEO Paul Anscombe won the Achievement Award, at the UK Broker Awards last night in Birmingham.
Top 100 UK Brokers 2024: Full table listing
Insurance Age is delighted to share its 2024 Top 100 UK Broker rankings supplied by Insuramore and sponsored by Open GI.
Market Movement Index: Smaller insurers gain market share from re-broking
New research from Broker Insights shows brokers are placing more business with smaller players, resulting in a changing landscape where competition can thrive. Rachel Gordon reports.
Q&A: Seventeen Group CEO, Paul Anscombe
The boss of Seventeen Group, Paul Anscombe, tells Insurance Age about getting to 10 deals this year, the firm’s national reach and how innovation and specialisms are helping deliver organic growth at a business that has its eyes fixed on long-term…
James Hallam opens new office in Exeter with cyber and technology hub
James Hallam has opened a cyber and technology hub at Exeter Science Park, taking its branch network in the South West to four.
Seventeen buys Gen2 Broking
Seventeen Group has acquired Midlands-based Gen2 Broking, expanding its presence in the region.
Event insurance – how is the sector evolving to meet the changing risk landscape?
While the event sector has rebounded post-Covid, it still faces a host of challenges. Challenges that offer brokers opportunities to help organisers both manage and mitigate risks to soften the blow if they have to cancel or postpone a planned event due…
Seventeen adds to northern footprint with first Yorkshire buy
Seventeen Group has bought East Pennine Insurance Consultants which trades as Fletcher Smith in Sheffield and North East Insurance Brokers in the North East.