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’
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.
Over 50s specialist Saga has appointed Mike Hazell as group CEO, succeeding Euan Sutherland with immediate effect.
Brokerslink has announced Antony Erotocritou as a new board director, representing Ardonagh Specialty.
Alan Boswell Insurance Brokers has posted a 50% rise in turnover to £31.1m with post tax profit leaping by more than £3m to £7.8m for the year ended 31 March 2023.
Australian-owned consolidator PSC Holdings UK has revealed a post-tax profit of £795,000 for retail broking, alongside a £6m bill for buying Turner Rawlinson and a further deal in 2023.
Dickson & Co has added Kerr Group to the business – its latest deal in a series of acquisitions and expansions as part of its £7m investment.
A High Court judge has denied Alec and Robert Finch permission to appeal after being found guilty of fraud in September.
AssuredPartners stands ready to help push the Yorkshire-based firm on its growth journey, says UK & Ireland CEO.
Aviva has reported a 20% boost in UK personal lines to £2.15bn, as commercial lines also rose to £2.39bn from £2.15bn in Q3 2022.
Brown & Brown Europe-owned Premier Choice Healthcare has completed two more acquisitions.
AssuredPartners has bought Somerset-based Atom Insurance Brokers.
Romero has found a “great” new home, and is ready to continue its growth journey under the new ownership of AssuredPartners, having doubled in size over the past five years.
Brown & Brown has bought Worthing-based Nsure, a specialist commercial Chartered insurance broker with a focus on renewables.
AssuredPartners has bought Leeds-based Romero Group, which includes Romero Insurance Brokers, Sentient Group and Club Insure.
Clear Group has grown its northern footprint, snapping up Sheffield-based Peter Hoare & Company (Insurance Brokers).
The Abu Dhabi Investment Authority has acquired a majority stake in insurtech Policy Expert from Primary Group, Insurance Age can reveal.
Norwich-based One Broker has revealed achieving a 19.6% increase in turnover, and a 14.7% rise in post-tax profit ahead of its sale to Jensten.
Travelers has agreed to acquire cyber insurance managing general underwriter Corvus Insurance for approximately $435m (£351m).
Howden Scotland, formerly known as Bruce Stevenson, has acquired Glasgow-based Neilson Laurence & Neil.
Jensten has completed the takeover of East Anglia-based One Broker Group, following approval from the Financial Conduct Authority.
Ardonagh has signed up to buy Assepro, describing it as the largest independent commercial broker for SMEs in Switzerland.
NFP has bought Resolute Insurance Services, an independent insurance broker based in the West Midlands, further growing its presence in the region.
Romero, one of the UK’s largest independent brokers, is exploring sale options, Insurance Age understands.