Despite the good news, director Polly Staveley warned of competitive pressures and consolidation.
As Marsh rebrands Jelf, Insurance Age content director Jonathan Swift reflects on the passing of another name heavily associated with noughties broker consolidation
Insurance Age has published the results of its annual study into the top 50 brokers in the personal lines market.
Robin Thomson will take the role from Ann Bowyer, who remains with the business.
The Insurance Age team unpick the most recent and most popular stories.
Building a broker: CEO Brendan McManus and CFO Ryan Brown reflect on ‘start-up’ PIB’s first years, explain why it isn’t a consolidator and reveal why staff retention and integration are key to the broker’s acquisition strategy
The private equity provider is now majority owner of the broker.
Managing director Roger Gaunt expects the business to double within two years.
It is believed that the consolidator is seeking fresh investment that could see current investors, including Peter Cullum, have their stake diluted as backer Penta reaches the end of its traditional investment period.
The purchase of Buckland Harvester adds £4m GWP and 15 staff to Aston Lark as the broker eyes more buys in the North West.
The business has struck a deal with I & D Insurance Services which is based in Alyth.
The private equity move sees co-founder Gary Edmondson leave the managing general agent.
The recently re-financed business is aiming to find a longer-term backer in 2021.
The deal is the latest in a long line of acquisitions by the group.
Broker specialises in household, landlord and learner driver insurance and all staff will remain with the business.
The move highlights the American company’s intention to develop its operations in the UK.
Doing things differently: CCRS managing director Neil Campbell tells Insurance Age what motivated him to start the company and why the industry needs to up its game
Is the raft of recent redundancies at providers a coincidence or part of a larger trend in the industry?
The editorial team get their teeth into the top stories.
Adam Powell takes over as CEO as Sure Thing!’s Brendan Devine, Stevie Sutherland and Kevin Kiernan exit the business.
Once upon a time you could not keep Cobra out of the news. Insurance Age content director Jonathan Swift reflects on how the business regrouped almost by stealth to become the latest important part of the PIB growth story.
On the 1st May Simon Cooter effectively handed over the commercial and high net worth director baton at Covea to Carolyn Callan and became in his words ‘minister without portfolio’. At last week’s British Insurance Brokers’ Association Conference…
Professional Insurance Agents is the first deal for Cavendish Munro since it was bought by Global Risk Partners in 2016.
Firm has seen an number of employment changes as it works to merge the two brokers following PIB's acquisition of Lorica in March last year.