Appointed representatives (AR)
Ex-Simply Business boss joins Admiral-backed SME challenger insurance provider
Tide has appointed former Simply Business boss and ex-network leader Dan McNally as senior vice president and CEO of Tide Insurance Services.
Bournemouth-based broker launches
Gary Boome has launched Bournemouth-based broker Renata Group, offering commercial and personal lines insurance products as an appointed representative of Momentum Broker Solutions.
Blog: Plugging gaps in the Appointed Representatives regime
David Allison, head of intermediary consultancy south at Insurance Compliance Services unpicks the latest move, this time from HM Treasury, on how the legislation underpinning the Appointed Representatives (AR) regime might change.
Cheesbrough outlines M&A and tech plans as Movo enters ‘2.0’ growth phase
The Movo Group of Companies is poised to enter a new period of M&A activity and member sign-up following the sale of a majority equity stake to AUB in October 2024.
FCA authorisation service slips back in Q4
The Financial Conduct Authority’s authorisation service in broker-related categories went backwards in the final quarter of the 2024/25 financial year.
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.
FCA reveals fall in GI and protection appointed reps
The number of appointed representatives in the general insurance and protection space fell to 7,359 last year as the sector posted the biggest volume drop in the financial services market.
Momentum increases revenue 21% in 2024 as it grows financial support for members
Appointed representative network Momentum hit £97m gross written premiums last year growing 21%, as founder and managing director Howard Pepper looks to continue financial support for its ARs following AUB investment.
Jensten launches new network
Jensten Group has launched a new broker network.
McCarron Coates appoints first AR
Leeds-based McCarron Coates has added its first appointed representative with start-up broker Kentaro but flagged it has no plans to build an AR network.
AUB reports Momentum and Movo deal costs
Sydney-headquartered AUB Group has revealed the costs of snapping up 40% of appointed representatives network Momentum Broker Solutions and 80% of fellow AR offering Movo Group last year, and promised more deals to come.
FCA within a whisker of green sweep on authorisations
The Financial Conduct Authority delivered a top rating of ‘green’ across 16 authorisation metrics with only one ranked as ‘amber’ and none in the red zone during October to December last year.
Start-up broker partners with Shepherd Compello on motorsport insurance
Shepherd Compello has partnered with start-up Podium Insurance Brokers, a specialist motorsport broker.
News analysis: Acquisitional independent brokers are on the rise, but are they any different to consolidators?
Whilst larger international and private equity backed-brokers might get the most headlines when it comes to mergers and acquisitions, they are not the only firms looking to buy. Martin Friel looks at the emergence of a host of smaller independent…
FCA closes in on authorisation targets as performance rises again
The Financial Conduct Authority has improved its delivery on the two broker-related authorisation metrics that remain in the ‘amber’ zone as it hones in on delivering a ‘green’ performance in all five relevant categories.
Movo Accelerator launched for start-up brokers
Movo Partnership has launched a platform for entrepreneurs to develop their own broking business, Movo Accelerator, in a first push since Tysers’s owners AUB took an 80% stake.
Gauntlet launches AR proposition for returners
The Gauntlet Group has launched an appointed representative proposition for broker returners, Gauntlet Phoenix.
FCA warns principals against ‘tick-box’ approach to ARs
A review by the Financial Conduct Authority of its rules on appointed representatives has found some firms taking a tick-box approach to compliance, relying on basic information like website checks, or using self-declarations from their ARs to…
“Nobody came close to AUB” – CEO Cheesbrough on Movo’s new investor
The Movo Group is looking to create larger broking hubs and kickstart its directly authorised network Fusion after AUB took an 80% equity stake, according to Lea Cheesbrough, Movo Partnership CEO.
Momentum investor AUB takes 80% stake in Movo Group
Australian broking giant AUB Group has agreed to acquire an 80% equity stake in the Movo Group of Companies.
Senior quartet depart Acrisure-owned Eleven Network
Four senior directors have resigned from the Acrisure-owned Eleven Network it acquired 14 months ago, Insurance Age can reveal.