United Kingdom (UK)
AssuredPartners buys CIA Insurance
AssuredPartners has purchased Rugby-based CIA Insurance, a specialist landlord insurance broker.
A fifth of UK businesses victims of cyber-attacks in past year
Research by Aviva has found one in five businesses have been victims of a cyber-attack in the past year, with only 17% of small businesses having a cyber policy in place.
QBE joins Biba as partner
The British Insurance Brokers’ Association has added QBE as a partner, its 23rd in total.
Review of the Year 2023: JMG Group’s Nick Houghton
Nick Houghton, CEO of JMG Group, reflects on the handsome multiples being paid for brokers and why he does not like the phrase ‘direction of travel’.
FOS to drop levy to £70m from £106m
The Financial Ombudsman Service is consulting on lowering its levy by £36m for the 2024/25 financial year to £70m, as it projected reducing income by £51m.
Policy Expert eyes accelerated growth after ADIA takes majority stake
Steve Hardy, CEO at Policy Expert, is confident that new majority backer ADIA understands the business and is well placed to support it going forward.
Ripe adds motorhomes and campervans to portfolio
Insurtech broker Ripe has expanded its product portfolio with the launch of motorhomes and campervans insurance.
Markel recruits Axa’s Jo Sykes to lead broker business
Markel has appointed Jo Sykes as divisional director for the UK broker channel.
Review of the Year 2023: Axa’s Sarah Mallaby
Sarah Mallaby, Axa commercial distribution and trading director, reflects on the insurer’s cautious exploration of the opportunities afforded by AI and pushing the boundaries in ‘green’ schemes business.
Hallsdale Insurance buys ABR Insurance
The Broker Investment Group-backed Hallsdale Insurance has bought Allbright Bishop Rowley Insurance, based in Leicester.
Ex-Brightside and Markerstudy boss Martyn Holman adds Canford Law to portfolio
Martyn Holman has joined Canford Law as a board advisor to help in the strategic development of the business as it seeks new opportunities in the insurance market.
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Flock to push on broker relationships with NIG fleet partnership
Insurtech Flock has partnered with NIG on fleet insurance in a move that will also involve opening up more broker relationships, according to Ed Leon Klinger, CEO of the managing general agent.
BNP Paribas to exit premium finance in 2024
BNP Paribas Personal Finance will leave the premium finance market on 31 March 2024, Insurance Age can reveal.
Beat Capital Partners launches accident and health business
Beat Capital Partners has launched RedRiff Agency, an accident and health underwriter with Peter Wilkins as CEO.
Review of the Year 2023: Acrisure’s Mark McIlquham
In the first of our ‘Review’ series Mark McIlquham, president of Acrisure UK Retail, reflects on whether the 15-year cycle will see a large insurer buy a large broker, and how he’d recast the Barbie film with senior figures from its ‘network dream team’
People Moves: 27 November – 01 December
Follow the latest personnel moves in insurance.
Blog: Surety Bonds support construction clients through challenging times
Factors such as higher inflation, fluctuating interest rates, and labour shortages, mean the construction sector faces ongoing challenges. Hannah Sewell-Moore, surety manager, Kerry London, explains how a wholesale surety bonds broker can support these…
Rokstone launches contingency portfolio
Managing general agent Rokstone is launching a contingency portfolio promising a same-day quote turnaround for brokers.
Ecclesiastical strikes third scheme deal of 2023 with Towergate Care
Ecclesiastical has continued its expansion into the scheme space by partnering with Towergate Care to offer property capacity for larger care home providers.
Prestige teams with Open GI on Coverall update
Prestige Underwriting has partnered with Open GI to launch a refreshed version of its non-standard home proposition, Coverall.
Walsh and Newman to exit after Lloyd’s misconduct investigation into CFC
CFC group CEO David Walsh and Graeme Newman, CEO of CFC Underwriting, will leave in 2024, the provider has confirmed following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct at the company.
Blog: Paul Tasker on brokers’ anti-money laundering responsibilities and actions
Paul Tasker, CEO of Reg Technologies, sets out responsibilities and a ‘must do’ list for brokers to deliver their crucial role in the fight against money laundering.
Bspoke signs up to buy Police & Forces Mutual personal lines books from Royal London
Bspoke Insurance Group has struck a deal to buy the personal lines elements of the Police & Forces Mutual businesses – Police Mutual Healthcare and Police Mutual General Insurance – from The Royal London Mutual Insurance Society.