Scotland
Clear moves into Scotland with Cairn Corporate buy
Clear Group has made its first purchase in Scotland snapping up commercial broker Cairn Corporate based in Kirkcaldy, Fife.
FSCS declares Scottish broker in default
The Financial Services Compensation Scheme has declared Scottish broker Arthur Temlett, trading as Abacus Insurance Consultants, as being ‘in default’ in its latest update on the ongoing situation.
JMG buys insurtech broker Taveo
JMG Group has snapped up the insurance broking trade and assets of Glasgow-headquartered Taveo Group.
Edinburgh regional review: Brokers push forward despite lack of physical insurer presence
Despite zero insurer presence in Edinburgh, brokers are still optimistic for the Scottish capital city as recruitment and a tougher economic climate are cited as the main the challenges.
Ventis expands into Scotland
Commercial and residential real estate managing general agent Ventis has launched in Scotland, under the leadership of Karen Feeney.
Partners& strikes pair of deals
Partners& has bought Glasgow-based Blackford Group and Directors & Professionals, a commercial broker in Tunbridge Wells, in its first deals of 2025.
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.
FCA ends Scottish broker’s trading permissions after dual pricing attestation and response failures
The Financial Conduct Authority has cancelled L R Kennedy Insurance Services’ permission to carry out regulated activities with immediate effect.
People Moves: 22 – 25 April 2025
Follow the latest personnel moves in insurance.
Ecclesiastical grows presence in Scotland opening office in Glasgow
Ecclesiastical Insurance has opened an office in Glasgow after it saw a surge in new business in Scotland.
Partners& rebrands Scottish broker MacDonald Group
Scottish broker MacDonald Group is rebranding to Partners& following its acquisition in 2022.
Howden buys Scottish broker
Howden Scotland has bought Edinburgh-based SKB Independent Insurance Brokers.
FSCS opens to claims after Scottish broker stopped from trading by FCA
The Financial Services Compensation Scheme has opened for claims from customers of Arthur Temlett, who traded as Abacus Insurance Consultants and was forced to stop carrying out any regulated activities by the Financial Conduct Authority at the start of…
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.
FCA issues restrictions on Scottish broker because of personal lines premium concerns
The Financial Conduct Authority has taken action to stop Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.
Flood Re targets Scotland in resilience drive
Flood Re is targeting Scotland, promoting property-level flood resilience and aiming to help communities better prepare for future flooding events.
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.
People Moves: 18 – 22 November 2024
Follow the latest insurance personnel moves.
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.