News
TBIG makes fourth major investment of the year
The Broker Investment Group has increased its stake in Callaway & Sons Insurance Consultants, located in Chelmsford, Essex to 100%.
Aviva posts double digit UK GWP and operating profit rises for 2023
Aviva grew premiums in the UK by 16% last year to £6.19bn with rises across both commercial and personal lines.
Acrisure’s Russell Scanlan buys construction specialist BLG
Nottingham-headquartered Russell Scanlan has bought Leicester-based Building & Land Guarantees.
Allianz Commercial boosts regional distribution to support brokers
Allianz Commercial has appointed four regional distribution managers covering the South, North, London, Midlands and the South West regions.
Home insurance prices jump 40% in a year
The average quoted price of home insurance increased by 40.6% in the 12 months to January – the highest annual increase since Consumer Intelligence began tracking prices in 2014.
Howden buys performing arts broker Hencilla Canworth
Howden has bought Croydon-based Hencilla Canworth GI to boost its sport and entertainment division.
Miller posts record £240m revenue for 2023
Miller hit a record level of £240m in revenue last year, driven by 19% organic growth, the broker has confirmed.
Simply Business expands partnership with Zurich
Zurich has grown its partnership with digital broker Simply Business to provide commercial combined quotes for businesses with a turnover of £750,000 or more.
Lloyd’s hits 2020 women leadership target as it unveils latest DE&I data
Lloyd’s has admitted it has a “way to go” on its “culture journey” after hitting its short-term target of 35% of leadership positions (+3 percentage points) to be filled by women, set in 2020.
Flood Re becomes first public body to be a Biba partner
Flood Re has become the first public body to join the British Insurance Brokers’ Association.
RSA launches enhanced A&H proposition
RSA has launched a group personal accident and business travel cover designed to give organisations and their employees “always-on protection”.
Kingfisher sells travel sector broking arm after product review
Advantage Financial Services, a bond and insurance broker specialising in the travel sector, has acquired Cork, Bays & Fisher from Kingfisher Insurance Services.
Lonmar picks up bloodstock book renewal rights
Lonmar Global Risks, part of Bridge Specialty International, has acquired the renewal rights for a bloodstock portfolio from Norwich-based St Benedicts.
JMG buys Madoc & Rhodes
JM Glendinning Insurance Brokers has purchased Birmingham-based Madoc & Rhodes, adding to its growing portfolio.
Hiscox reveals UK growth in 2023 as group profits soar to record
Hiscox grew gross written premiums across its SME and personal lines books in the UK by 2.4%, stripping out the effect of currency exchange, to $793.8m (£625.7m) in 2023.
Former Marsh boss Nick Harris joins Gallagher as UK & Ireland retail CEO
Gallagher has appointed Nick Harris as CEO of its UK & Ireland retail division, moving across from Marsh.
Aviva re-enters Lloyd’s with £242m Probitas buy
Aviva has signed up to buy all of Probitas for £242m, signalling a return to the Lloyd’s market.
Miller expands into parametric insurance
Miller has launched a global parametric team headed by Alice Glenister in London.
Bravo Networks’ SME e-trade platform goes live
Bravo Networks has launched Bravo Digital Trader, with Zurich writing the first policy.
FCA’s Mills commits to using all regulatory tools in flats insurance update
Sheldon Mills, executive director of consumers and competition at the Financial Conduct Authority, has promised to use all regulatory tools at the watchdog’s disposal in an update on progress for multi-occupancy buildings insurance.
Motor insurance complaints to FOS climb again
Motor insurance has remained in the top five most-complained-about products with buildings insurance also joining the list, according to the Financial Ombudsman Service as it released data for October to December last year.
BSpoke completes ‘game changer’ of a deal
BSpoke Group has completed the acquisition of the personal lines business of the Police & Forces Mutual businesses, Police Mutual Healthcare and Police Mutual General Insurance, from Royal London.
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Biba adds Iprism for high value home scheme
The British Insurance Brokers’ Association has appointed Iprism Underwriting to provide members with access to a high value home insurance scheme, Insurance Age can reveal.