Australia
Former Acromas suitor Open enters UK market with MGA buy
Australian insurtech Open has entered the UK market with the acquisition of gadget specialist So Sure.
Tysers launches division targeting global entertainment industry
Tysers has gone toe-to-toe with Howden with the launch of Tysers Live, a new division dedicated to servicing the needs of the global entertainment industry.
PSC Insurance buys Turner Rawlinson
Australian group PSC Insurance has bought London-based broker Turner Rawlinson, according to filings at Companies House.
Tysers’ owner cancels UK joint venture
AUB Group has scrapped plans to create a joint venture for Tysers’ UK retail business with fellow Australian stock exchange listed firm PSC Insurance Group.
Nadia Côté to lead Allianz Commercial in UK
Allianz Group named Nadia Côté as commercial managing director UK, effective 1 May.
Ecclesiastical UK & Ireland COR stable as investment losses drive group deficit in 2022
Ecclesiastical Insurance grew gross written premiums in the UK and Ireland by 16% in 2022 to £344.8m, the provider has revealed.
Saga’s exclusive Acromas sale talks collapse
Talks between Saga and Australian insurtech Open Insurance Technologies to sell underwriting business Acromas Insurance have ended without a deal, the over-50s specialist has confirmed.
Tysers exceeding expectations and forecasts, says AUB Group
Tysers delivered AU$18m (£10.16m) of pre-tax profit to AUB Group in the final three months of 2022, its new parent company has confirmed.
Covid and inflation costs bite as QBE International COR ticks up to 92.5%
QBE International has reported a combined operating ratio of 92.5% for 2022, which is up from 90.6% in 2021.
Saga in 'exclusive' sale talks with insurtech over Acromas underwriting arm
Over-50s specialist Saga has confirmed that it is in exclusive discussions with Australian insurtech Open to sell its insurance arm Acromas.
Stella targeting £300m motor GWP within years, says Sam White
Managing general agent Stella Insurance launched in the UK with a motor offering in November 2022 and is targeting £10m of gross written premium this year, according to its founder and CEO Sam White.
Former Taoiseach Enda Kenny poised to join new Ardonagh International board
Ardonagh is planning to bring Enda Kenny, former Taoiseach in the Republic of Ireland from 2011 to 2017, into the company, a spokesperson has confirmed.
CII elects Swiss Re’s Russell Higginbotham as president
Russell Higginbotham, CEO of Swiss Re Solutions, has been elected president of the Chartered Insurance Institute for 2023 moving up from deputy president and succeeding Peter Blanc.
AUB completes Tysers buy
AUB Group has completed the £500m purchase of Lloyd’s wholesale broker Tysers from private equity house Odyssey Investment Partners.
Sam White streamlines UK businesses
Pukka and Freedom Brokers have been brought into Action 365 as the business slims structure and adopts CDL and Amazon Web Services.
AUB Group confirms Tyser deal talks
The Australia and New Zealand-based broking and underwriting group said no terms have been agreed.
Blog: Ardonagh's swoop for 'brand Bayles' is a logical one rooted in past success
As Phil Bayles becomes the latest Aviva senior manager to join Ardonagh, Jonathan Swift suggests that having built his 'brand' at the insurer, he is well primed to now make his mark in the broker space.
Ardonagh creates international unit led by Des O'Connor
Move comes as Ardonagh Global Partners makes its first deal in the United States.
Ardonagh makes Australian move
Resilium, a network with 150 ARs across Australia, has joined the consolidator.
Aon UK appoints chief broking officer
Helene Madell will look after commercial risk solutions, health solutions, and affinity.
Australia’s PCS Insurance buys Paragon outright for £42m
Co-CEO and founder Tara Falk will join the PSC board upon the deal’s completion.