United Kingdom (UK)
Brokers play vital educational role on renewable energy risks
Rosie Simms explores the role brokers play in the push for greater renewable energy consumption across the UK.
Markel becomes Biba partner
The British Insurance Brokers’ Association has welcomed Markel as an official partner.
Clear rebrands MGA unit to Shape Underwriting
The managing general agents division of the Clear Group has rebranded to Shape Underwriting, effective immediately.
Biba unveils new 5.2% regulation costs metric
The British Insurance Brokers’ Association has revealed for the first time the impact of regulation costs on insurance premiums paid by clients, setting the proportion at 5.2%.
Acrisure kicks off broker rebrands with Sutton Winson
Sutton Winson has become the first of Acrisure’s nine retail insurance brokers to rebrand in the UK being renamed as Acrisure UK Broking with others to follow during the course of the year.
Schemes and HNW help drive Q1 premium growth at Hiscox
Hiscox has hailed “very strong” schemes growth and double-digit expansion in art and private client business as the UK retail arm posted a 4.4% premium rise in the first quarter of 2025.
Ghost broker jailed for fake car insurance fraud
A man has been jailed for illegally advertising his services as an insurance broker on Instagram.
No new FCA skilled persons investigations into insurance in final quarter
The Financial Conduct Authority did not commission any skilled person reports in the insurance sector between January and March, leaving the running total for the 2024/25 financial year at 10.
Ex-Hiscox leader Jodi Cartwright named permanent UK CCO at Simply Business
Simply Business has confirmed Jodi Cartwright as UK chief commercial officer, focused on building partnerships, products and propositions that drive growth.
Interview: Sue Coffey, Covéa
With no distractions and a clear strategy centred on five core products, Covéa personal lines director Sue Coffey tells Jonathan Swift the insurer is keen to grow its share of the regional broking market, by sticking to what it is good at.
TH March switches to employee ownership trust
TH March, a jewellery and allied trades specialist broker, is transitioning to an employee ownership trust, in a strategic move it said secures the company’s long-term independence.
Biba 2025 Countdown: Coalition’s Tom Draper
Coalition UK managing director Tom Draper looks forward to filling an extra bag with Biba swag and giveaways; explains why Oasis’ Stand By Me sums up the event perfectly; and explains how it will be supporting brokers with relevant, real-world content on…
Broker recruitment market stabilises but retirements continue to rise
Aviva’s annual Broker Barometer has found 74% of brokers are recruiting, down from 94% in 2024, suggesting the market is stabilising and many brokers have successfully filled their staffing needs.
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.
Exiting Esure owner Bain Capital tipped to lead on $2bn Acrisure investment
A group led by private equity house Bain Capital is in discussions with US-headquartered Acrisure, owner of Eleven Network and a Top 100 UK Broker, to invest up to $2bn (£1.49bn), Bloomberg has reported.
The FCA’s new five-year plan – what does it actually mean for brokers?
Following the recent publication of its new five-year plan, Insurance Age canvassed opinion from regulatory experts and market commentators on what brokers might expect from the the Financial Conduct Authority between now and 2030.
TBIG secures third deal of 2025
The Broker Investment Group has increased its shareholding in Mayfair Insurance to 100%, representing the final stage of a two-step succession plan.
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.
Biba 2025 Countdown: Beazley’s Sam Franks
Sam Franks, country manager and head of partner engagement for the UK & Ireland at Beazley, promises plenty of pink and underwriters on its stand; offers advice about how brokers can differentiate themselves from their peers in the market; and looks…
SRG to add credit and political risk team from Tysers
Specialist Risk Group has signed up for Tysers’ credit and political risk (re)insurance team to join the business.
The generational wealth gap and investment risks – a looming risk for brokers
Financial constraints have led to a greater reliance among younger generations on alternative investments that pose higher risks for investors and their financial advisors. As a result Kate Albert, CEO and co-founder at Kova Professions, warns brokers…
People Moves: 22 – 25 April 2025
Follow the latest personnel moves in insurance.
UK commercial rates falling faster – Marsh
The pace of UK commercial insurance rates dropping quickened in the first quarter of the year, outstripping the global fall.
Gibson and Johnson set to leave Allianz after claims merge
Graham Gibson, chief claims officer for Allianz Commercial, and Caroline Johnson, claims director for Allianz Personal, are set to exit the insurer in Q4.