United Kingdom (UK)
Acrisure valued at $32bn in $2.1bn funding raise
US broking giant and Top 100 UK broker Acrisure has secured a $2.1bn (£1.57bn) capital raise in a funding round led by Bain Capital.
Staying one-step ahead in HNW with Aviva’s transformation – Owen
“We are always making sure we want to be one step ahead,” Ann Owen, managing director of Aviva Private Clients, told Insurance Age as the provider refreshed its product suite with the launch of Refine Home.
Zurich CEO Jaksic hails speed of broker service as key in softening market
The need for speed when it comes to broker service has been exacerbated in the softening commercial market, according to Zurich UK CEO Drazen Jaksic.
Peach grows in 2024 as NPAI moves back into profit
Peach, a trading style of NPA Insurance, grew net premiums by 70% in 2024 as it ceded less business to reinsurance.
33% of startup and scaleup businesses hit by cyber-attacks – Superscript
Some 54% of firms, ranging from those in seed stage to those IPO-ready, have worries about cyber-security and data risks, according to research by Superscript.
Accelerant boss Radke on 30% MGA growth and enabling brokers to ‘monetise every opportunity’
Risk exchange platform and capacity provider Accelerant is aiming to support managing general agent members with 30% growth over the next 12 months, CEO Jeff Radke told Insurance Age.
Jensten’s £1m investment in fledgling brokers, one year on
Jordan Maskell, network director at Jensten Group, has updated Insurance Age one year on from the announcement of its plans to invest up to £1m through Coversure to help people start their own brokers.
Verlingue boosts profits and turnover in 2024
Verlingue Holdings grew turnover by 13.7% to £23.96m in 2024 as profits at the broker surged ahead even more.
Brokers stress the importance of claims support when choosing an MGA
Brokers have emphasised the importance of A-rated claims support when choosing a managing general agent (89%), according to research by MGA Corin Underwriting.
Downey on getting Pen to £1.75bn by 2030
Having hit its goal of £1bn gross written premium a year early in 2024, Pen Underwriting has set its sights on £1.75bn by 2030. CEO Tom Downey tells Insurance Age about the strategy of organic growth, product development and acquisitions now in place to…
TBIG backs Deva to buy David Vaughan & Co
The Broker Investment Group-backed Deva Risk Group has bought insurance broker David Vaughan & Co, adding offices in Dolgellau and Machynlleth, North Wales.
Q&A: Criterion managing director Helena Evans
Loss-adjusting boss Helena Evans outlines the latest trends her firm is seeing among high-net-worth customers, assesses the continued prevalence of underinsurance, and suggests how brokers can help combat fraud.
People Moves: 12 – 16 May 2025
Follow the latest personnel moves in insurance.
Biba 2025: Insurance sector cautious on AI declining claims or determining liability
Artificial intelligence is going to have a greater role to play in claims, including larger ones, even if the insurance sector has reservations about it being used to decline claims and determine liability.
Biba 2025: Laura Hancock urges independents not to give up
Laura Hancock, managing director of Yutree Insurance, has urged independent brokers not to give up, as she acknowledged regulation and other factors being difficult at the moment.
Aviva grows UK GWP 11% and trims COR in Q1
Aviva grew UK gross written premiums by 11% in the first quarter of 2025 compared with the same period of last year reaching £1.85bn.
Biba 2025: FCA hoping approach will help build confidence in firms
The Financial Conduct Authority hopes firms build confidence in their knowledge of customer service and outcomes, as opposed to undertaking a “tickbox” exercise, delegates at the British Insurance Brokers’ Association conference in Manchester heard…
Biba 2025: Making MGA-capacity relationships flourish
Allowing managing general agents the freedom to act independently is the key to a productive insurer-MGA partnership, according to Pen Underwriting CEO Tom Downey.
Biba 2025: Mike Keating on unrated due diligence
Mike Keating, CEO of the Managing General Agents’ Association, analyses how due diligence on unrated capacity should work both ways – from broker to MGA and MGA to broker respectively.
Biba 2025: The new era for insurance broking with AI and MGAs
Artificial intelligence will not replace advisers, but will add to decision making, while managing general agents will continue to become increasingly relevant to brokers, delegates at the British Insurance Brokers’ Association conference heard today.
Biba 2025: Caroline Barr named first female chair at Biba
British Insurance Brokers’ Association CEO Graeme Trudgill has announced Caroline Barr as the incoming chair in his welcome speech at the 2025 Biba conference, and he looks to keep the pedal pressed to the floor.
Biba 2025: Trade body launches national insurance broker advertising campaign
The British Insurance Brokers’ Association has launched a national advertising campaign to promote insurance brokers to SMEs.
Biba 2025: Biba welcomes FCA proposals on paring back insurance rules
The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority consulting on stripping back the insurance rulebook.
Meet the MGA: Shape Underwriting
Mandy Hunt, managing director of Shape Underwriting, explains the logic behind rebranding the Clear MGA business; outlines its holistic approach to acquisitions; and pinpoints the importance of recruiting staff who understand collaboration, integrity…