Liability
Interview: Bob Pybus, CEO of AUB UK Retail
Having been named CEO of AUB UK Retail last September, Bob Pybus reflects on his route to the role, tells Insurance Age about the deals struck so far and shares his plans to grow to a £1bn business.
Axa Commercial enhances management liability offering
Axa Commercial has launched a revamped management liability proposition under its new ‘Prevent and Protect’ banner.
MGA strikes first UK deal of 2025 with PI specialist buy
Optio Group has bought UK-based MGA Custodian Management for an undisclosed sum, subject to regulatory approval.
UK commercial rates falling faster – Marsh
The pace of UK commercial insurance rates dropping quickened in the first quarter of the year, outstripping the global fall.
Drone MGA Moonrock expands Apollo relationship with $122.5m facility
Managing general agent Moonrock has launched a $122.5m (£91.6m) drone, eVTOL and aviation innovation insurance facility led by capacity from Apollo.
Brown & Brown buys SME broker
Brown & Brown (Europe) has bought Irvine Commercial Insurance Brokers in its third deal of the year.
Aviva reports 18% increase in ghost broking frauds in 2024
Aviva detected an 18% increase in ghost-brokered policies and linked an additional 8,600 cases to open investigations into known ghost broking cases in 2024.
MGA expands appetite for contractors to include builders, plant and skip hirers
Speciality insurance managing general agent Fiducia has expanded its risk appetite for combined liabilities insurance to include a range of new broker contractor clients.
Brown & Brown acquires firm from fellow top 100 UK broker
Brown & Brown has purchased commercial motor insurance specialist BCM Acquisitions, trading as 1st UK Broking.
Meet the MGA: Optio Underwriting
With an aim to be the most admired global specialty MGA, Optio Underwriting group CEO Deepak Soni outlines how it attracts top talent, plans to mix organic growth with M&A and discusses the importance of having a PE backer that understands the subtle…
The stats: Q4 2024 – Premium growth continues, but at a slower pace
The Acturis Commercial Broking Index reveals further premium increases at the end of the year, but experts predict the market is set for softening in 2025. Ida Axling reports.
US consolidator completes first overseas deal with UK MGA buy
Bishop Street Underwriters has completed its acquisition of Landmark Underwriting, a specialty-focused managing general agent based in London.
Broking Success: Personable service
David Walton, senior director of commercial specialist broker Bromwall, is aiming to double turnover in five years, as the business looks to remain independent offering personable service.
Moonrock launches drone product liability cover
Managing general agent Moonrock Drone Insurance has developed drone liability cover to protect manufacturers in the event of the devices causing harm to the public.
Mosaic launches combined general and environmental liability cover
Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages, available to retail and wholesale brokers.
Commercial Express adds Irwell to panel of insurers
Managing general agent Commercial Express has partnered with Irwell Insurance which has joined its panel of insurers.
Aviva continues regional push with five underwriting hires
Aviva has revealed five underwriting hires across the South West and Wales region as it continues its regional push.
Aviva claims Acturis API first with broker roll out planned for Q1 2025
Aviva has become the first insurer to create a claims application programming interface for integration with software house Acturis.
The stats: Q3 2024 – Return to growth across the board
Growth in average commercial lines premiums has picked up again in the third quarter of 2024, following a slow-down in the first half of the year, according to the latest Acturis Commercial Broking Index. Ida Axling reports.
People Moves: 2 – 6 December 2024
Follow the latest insurance personnel moves.
Industry reacts to discount rate change
Insurance industry specialists have welcomed the government moving the personal injury discount rate to 0.5% with PwC calculating it will lower motor premiums by £50 on average.
Personal injury discount rate shift will cut motor premiums, says PWC
The government will move the discount rate applicable to personal injury lump sum compensation payments to 0.5% as of 11 January 2025.
PE-backed US consolidator buys London-based MGA
Landmark Underwriting has been acquired by Bishop Street Underwriters, a US-based MGA consolidator and incubator backed by RedBird Capital Partners.
Allianz Commercial UK boss Côté departs to join RSA in new CEO role
Allianz Commercial managing director UK Nadia Côté has left the insurer to join RSA as CEO Europe.