Northern Ireland
Neil Jenkinson to leave Biba after 10 years
Neil Jenkinson is set to leave his role of regional manager for the North, Scotland and Northern Ireland at the British Insurance Brokers’ Association at the end of February.
Manifesto 2026: Biba calls for new Financial Services Bill
The British Insurance Brokers’ Association has launched its 2026 Manifesto titled ‘Economic Resilience’, calling on the government to introduce a new Financial Services Bill in early 2026.
Car premium reductions start to ease
The average cost of comprehensive car insurance in the UK has dropped by £111 (13%) over the previous 12 months to £726, according to the latest data from Confused/WTW.
AbbeyAutoline reveals triple deal costs as turnover and profits slip in 2024
Northern Ireland broker AbbeyAutoline has revealed a bill of £1.47m for its three deals in 2024.
Markerstudy reveals £300,000 bill for Hughes ‘bargain purchase’
Markerstudy only paid £300,000 for Northern Ireland broker Hughes Insurance Services, in a deal labelled ‘bargain purchase’ resulting in a £26.3m gain.
Hughes reports falling turnover and a loss in year of Markerstudy deal
Northern Ireland-based Hughes Insurance has reported an 11% fall in turnover to £11.32m for 2024, the year it was snapped up by Markerstudy Group.
Broking Success: Sector experience
Ashley Dickson, managing director of Dickson Group, explains why he never turns his phone off and how he used his family’s motorsport experience to create a scheme for the Northern Ireland headquartered broker.
SRG buys Generation Underwriting from WF Risk Group
Specialist Risk Group has bought Newcastle-based managing general agent Generation Underwriting from WF Risk Group.
Dickson Group buys Northern Ireland broker
Dickson Group has made its first purchase of 2025 snapping up DTM Insurance Brokers based in Holywood, Northern Ireland.
UK economic losses from natural catastrophes hit $800m in 2024 – Swiss Re
UK economic losses caused by natural catastrophes reaching $800m (£596.6m) in 2024 has shone a spotlight on the urgent need to strengthen resilience against future events, according to Swiss Re.
Northern Ireland tops table for account exec pay rises
Insurance account executives in Northern Ireland had the highest percentage pay rises in the UK last year, with London-based employees still having the top wage but getting the smallest rate increase, according to a survey by Reed.
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.
AbbeyAutoline buys Coleraine-based Wallace Insurance Brokers
AbbeyAutoline has bought the customer book of business of fellow Northern Ireland firm Wallace Insurance Brokers in its third deal of the year.
Gallagher promotes three to RMD as Patterson takes North West chair role
Gallagher has promoted James Fletcher, Mark Kerry and James Murray to regional managing director roles, all reporting to Peter Matthews, managing director of the North for Gallagher’s UK and Ireland Retail division.
Industry reacts to discount rate change
Insurance industry specialists have welcomed the government moving the personal injury discount rate to 0.5% with PwC calculating it will lower motor premiums by £50 on average.
Personal injury discount rate shift will cut motor premiums, says PWC
The government will move the discount rate applicable to personal injury lump sum compensation payments to 0.5% as of 11 January 2025.
Markerstudy completes Hughes purchase
Markerstudy Group has completed the purchase of Northern Ireland based Hughes Insurance as it looks to build in the region.
Konsileo continues to scale as revenue jumps 75% to £7m in 2023
Top 100 insurance broker Konsileo’s parent company has reported a loss of £3.06m (2022: £1.73m loss) for the financial year ending 31 December 2023 on higher turnover of £7.05m (2022: £4.02m).
Government announces motor insurance task force to tackle “spiralling costs”
The Government has announced a new cross-government motor insurance task force, supported by industry experts, to tackle what it claims is “the spiralling costs of car insurance”.
Profit and turnover at AbbeyAutoline surge in 2023
Northern Ireland broker AbbeyAutoline achieved double digit growth in turnover and profit in 2023.
PwC tips Northern Irish motor premium to drop 15% after Government review
Motor insurance premiums for Scottish and Northern Irish drivers have been tipped to decrease by an average of £60 (10%) in Scotland and £90 (15%) in Northern Ireland following a Government review.