United Kingdom (UK)
Staysure names Finn Walsh group CEO
Finn Walsh has been named Staysure Group CEO, taking over from founder Ryan Howsam.
Reich posts flat turnover and lower profits as sale costs bite
Reich Insurance Brokers grew turnover by a ‘marginal’ 1% to £14.82m in the year of its sale to Howden.
Insurance leaders upbeat on start to 2024 but inflation and interest rate worries remain
Almost four out of five senior insurance executives (79%) are optimistic about business growth this quarter, according to research by KPMG UK.
Ecclesiastical urges brokers to highlight risks heritage clients face
Research by Ecclesiastical has found 90% of heritage clients experienced a crime in the past 12 months with graffiti and anti-social behaviour worsening.
Travelers completes Corvus buy
The purchase of cyber specialist managing general underwriter Corvus Insurance went through on 2 January, Travelers has confirmed.
W Denis profits slip back after record year
W Denis has posted a fall in profits and turnover for the year ended 30 June 2023, slipping back from record highs the previous year.
Caravan Guard reports profit drop
Halifax-based Caravan Guard has reported a 10.7% fall in profit after tax to £2.96m for the year ended 31 March 2023.
Momentum AR Malago buys fellow firm Mulberry
Bristol-based Malago Insurance brokers has bought Mulberry Insurance Brokers, following the retirement of its principal Keith Johnson.
Partners& deal prices revealed
Partners& paid out £15.2m for five purchases made in the year ended 31 March 2023, a filing at Companies House has revealed.
Insurance industry achieves FCA fine free 2023
The Financial Conduct Authority dished out £52.8m in fines in 2023, the second lowest total since the regulator was formed in 2013.
Aviva CEO Amanda Blanc awarded Damehood in New Years Honours List
The group CEO of Aviva, Amanda Blanc, has been awarded a Damehood in the New Years Honours List.
Review of the Year 2023: Aviva’s Dave Martin
Dave Martin, MD of distribution and SME trading at Aviva, hails the virtue of “execution, execution, execution” and predicts underwriters and face-to-face meetings will come back in vogue.
People Moves: 18 – 22 December
Stay in the loop with the latest insurance personnel moves.
Linked integration and organic growth key to JMG success, says CEO Houghton
Delivering on integration is “a bit of an obsession”, JMG Group CEO Nick Houghton told Insurance Age, as the broker posted rising Ebitda for 2022/23.
CII to transfer £2m of charitable funds to The Worshipful Company of Insurers
The Chartered Insurance Institute’s charity, the Education and Training Trust, is set to transfer its net assets of about £2m to The Worshipful Company of Insurers.
Axa appoints Matt Field as retail intermediary director
Axa UK and Ireland has appointed ex-Aviva director Matt Field as retail intermediary director.
JMG deal bill tops £60m as purchases and organic growth boost Ebitda
Augusta Topco, the holding company for JMG Group, faced a bill of £63.2m for seven broker buys in the 2022/23 financial year, far outstripping the £17.3m of acquisition costs the year before.
Aon to buy NFP from Ardonagh investors MDP and HPS for £10.6bn
Aon has agreed to acquire rival US broking firm NFP for a total consideration estimated to be $13.4bn (£10.6bn).
Broking Success: Customer service is key for retention
Ben Henderson, managing director of Brownhill Group, is looking to expand the family-run broker’s in-house schemes and double gross written premiums.
CII confirms Gill White as acting CEO ahead of Vallance leaving early
The Chartered Insurance Institute has confirmed that current chief customer officer Gill White will become acting CEO at the end of December when Alan Vallance leaves ahead of schedule.
Interview: SiriusPoint’s Rob Gibbs and Alex Hardy
Regional brokers’ interest in SiriusPoint has been piqued by a slew of appointments, most notably involving ex-RSA leaders, and a high profile MGA deal. Emmanuel Kenning finds out what the insurer has to offer and what is coming next.
Freemantle to succeed Perry as FSB Insurance Services MD
FSB Insurance Service has announced that with effect from 1 January 2024, its sales director Katie Freemantle will take over the role of managing director.
Lloyd’s confirms staying in iconic HQ until 2035
Lloyd’s of London has confirmed the extension of its lease to stay in its famous headquarters at One Lime Street until 2035 with an option to remain until 2040.
Women make up less than 7% of CEOs in insurance sector
Women make up less than 7% of CEOs in the UK insurance industry (29 out of 431), according to research by specialist employment law firm GQ Littler.