United Kingdom (UK)
Motor premiums surge to record high
Motorists are paying 58% more than a year ago for comprehensive car insurance, according to the latest research by Confused and WTW.
Sompo International joins Biba as 22nd partner
The British Insurance Brokers’ Association has partnered with Sompo International, its 22nd partner.
Broker Expo 2023: Value of cyber insurance is the panel – says PIB security chief
The top value in cyber insurance is the panel on offer to clients, ahead of even the payout they might receive, according to PIB group information security officer Jason Ozin.
Broker Expo 2023: Data “armistice” to lead to greater info sharing and better decisions
Sharing data across the industry will help insurers and brokers make more informed decisions for their customers, according to panellists at Broker Expo yesterday.
People Moves: 9 – 13 October 2023
Stay in the loop with the latest insurance personnel moves.
Broker Expo 2023: Broker acquisition prices flattening – Jensten CEO Hardie
Prices have flattened this year on broker acquisitions, according to a panel of some of the country’s top broker bosses.
Broking M&A specialist Imas acquired by global advisory firm
MarshBerry, a global M&A advisory firm for insurance brokers and wealth management firms, has acquired Imas Corporate Finance.
Peach PI targets doubling with brokers through wider schemes growth
Peach PI is aiming to double the number of niche schemes and brokers it deals with, CEO Russell White confirmed to Insurance Age.
ABI warns on ‘stalled’ apprenticeships as it urges industry to push on DEI
The number of apprenticeships offered by the Association of British Insurers’ members has stalled at 1,231 the trade body has confirmed as it called for faster and more focused action from the industry.
Zurich confirms Jacqui Kelly as head of sales and distribution
Zurich UK has confirmed Jacqui Kelly as its permanent head of sales and distribution having held the role on an interim basis since July.
My Perfect Broker Week: Prabhmeet Singh, WTW
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Prabhmeet Singh, global finance director at WTW, shares his thoughts.
Accelerant’s UK arm awarded ‘excellent’ ratings
Accelerant Insurance UK Limited has been given top tier ratings from credit issuing agency AM Best.
Brown & Brown completes Kentro buy
US giant Brown & Brown has completed the previously announced takeover of Kentro Capital, which includes Xenia Broking and Nexus Underwriting.
Regulation and heavy workloads causing rising broker stress, survey finds
According to the latest Broker Wellbeing Survey, published to coincide with World Mental Health Day, almost four out of five brokers have felt stressed at work in the past year.
Seventeen Group boosts turnover 19% but swings back to loss in 2022
Seventeen Group has posted a £1.59m post tax loss for 2022 reversing a profit of £196,199 the year before.
Interview: Mike Bruce, CEO of Brown & Brown Europe
Mike Bruce, last month appointed CEO of Brown & Brown Europe, recounts the consolidator’s acquisition by the US broking giant just over a year ago when it was known as GRP.
Open GI extends into commercial with Ark tradesperson cover
Open GI has partnered with Ark Insurance Group to add a tradesperson offering for brokers and further extend its commercial lines panel.
Provenance continues growth drive with second partnership this year
Provenance Insurance Brokers has partnered with John Clark Motor Group to create John Clark Motor Insurance Services.
Aviva shares ease back after takeover rumour driven surge
Aviva shares raced ahead by 10% earlier today, as rumours of a takeover swirled, but have since eased off to being 7% up as analysts dampened expectations of a deal.
Has the FCA’s new appointed representatives regime agenda hurt the sector?
The Financial Conduct Authority’s new regime for appointed representatives came into force in December last year. It puts a fresh burden on those working in the AR sector. What has the impact been?
PIB promotes Zach Gray to CEO of specialty division
PIB Group has promoted Zach Gray from deputy to CEO of its speciality division succeeding Steve Redgwell who has taken on the role of chair.
People Moves: 2 – 6 October 2023
Keep up to date with the latest insurance personnel moves.
Brown & Brown buys Berkeley Insurance
Brown & Brown, has acquired 100% of the share capital of Berkeley Insurance, one of the UK’s largest independent insurance brokers.
Profile – David Martin, Aviva: Taking action
With two new trading sites on the horizon, more underwriters and authority in the regional network, a record number of apprentices and increased use of artificial intelligence, Aviva leader David Martin is bullish about pushing ahead with brokers.