Motor
Outgoing MD teases ‘exciting new project’ as he exits top 100 broker
The outgoing managing director of a top 100 broker has teased “an exciting new project” as he announced he would be leaving before the end of the year.
Blog: Gen Z wants to share not rent – tapping into the next generation of insurance customers
The insurance industry often talks about “customers of tomorrow” – but tomorrow is already here, says Martyn Mathews, managing director of SSP Broker.
Newbie News: RMI Insurance Services
CEO of the Independent Garage Association Stuart James and head of insurance Neil Follett, tell Insurance Age how motor trade broker RMI Insurance Services will use the expertise of the wider group and provide five-star service.
Marsh measures UK market softening at 6% in Q3
Rates in the UK commercial insurance market softened by 6% in the third quarter, maintaining the level of decline seen throughout 2025, according to research by Marsh.
FSCS declares Scottish broker in default
The Financial Services Compensation Scheme has declared Scottish broker Arthur Temlett, trading as Abacus Insurance Consultants, as being ‘in default’ in its latest update on the ongoing situation.
Bexhill’s Takhar on record results and the regulatory environment for premium finance
With a book of broker relationships at over 100 and growing Ravi Takhar, CEO of Bexhill UK, explains how the premium finance provider is pushing ahead after its record-breaking results and his hopes for the industry.
Pen expands Simmonds’ role to MD of public sector and international after Scott exit
Seb Simmonds has become the managing director of public sector and international at Pen Underwriting, in an expanded role following the departure of Adrian Scott, the Gallagher-owned managing general agent has confirmed.
Sabre CEO Carter shares frustration at market underpricing
“While it is slightly frustrating that the market has underpriced against on-going claims inflation, we had anticipated this, and it is factored into our business model,” Sabre CEO Geoff Carter stated as the insurer revealed a trading update for the…
Freedom Services Group goes into administration
The holding company of inactive managing general agent Freedom Services has gone into administration, Insurance Age can reveal.
FSCS steps in for failed Gibraltar insurer Premier Insurance
The Financial Services Compensation Scheme has stepped in to protect over 16,000 policyholders of failed insurer Premier Insurance Company Limited as it highlighted the identity of the Gibraltar-based motor provider.
Moneysupermarket petitions court to wind up Freedom Services Group
Aggregator Moneysupermarket has filed a petition in the High Court of Justice in London asking for Freedom Services Group to be wound-up.
US consolidator buys London-based £100m GWP MGA
US-based managing general agent consolidator Bishop Street Underwriters has acquired Avid Insurance, the niche multi-disciplined MGA.
Ex-Tempcover team launch new short-term insurance broker Covertime
A team of senior ex-Tempcover employees has formally re-entered the UK insurance market with Covertime, a new start-up broker focused on short-term cover.
AbbeyAutoline reveals triple deal costs as turnover and profits slip in 2024
Northern Ireland broker AbbeyAutoline has revealed a bill of £1.47m for its three deals in 2024.
McMillan steps down as Ageas completes Esure takeover
Ageas has completed its purchase of Esure from private equity house Bain Capital first announced in April this year.
Motor broker The Green Insurer closes
The Green Insurer has closed to new and renewing customers after launching in December 2023 claiming to be the UK’s first truly green car insurance broker.
Allianz confirms motor trade staff consultation amid offshoring move
Allianz is holding a consultation process with staff as it changes its motor trade business with a new centre of excellence for underwriting in the UK alongside a team for non-complex renewals in Trivandrum, India, Insurance Age can reveal.
Taskforce to look at rising costs of motorsport that pose ‘serious challenge’ to future
The Fédération Internationale de l’Automobile, the global governing body for motor sport and the federation for mobility organisations worldwide, has launched a new taskforce to provide clarity on motor sport insurance and the impact of its rising costs.
QBE promotes Wilkinson to succeed Bickers in motor trade
QBE has promoted Hannah Wilkinson to underwriting manager of motor trade in the UK, effective 1 October.
Patons Insurance expands in motor trade with new team
Patons Insurance has created a dedicated team to focus on motor trade as part of its ongoing growth strategy.
Lucida posts reduced turnover in year before Moorhouse sale
Top 100 UK broker Lucida has reported a 14.6% fall in turnover to £40.67m, with a mixed picture on profitability across its divisions in 2024, the year before it struck the deal to sell Moorhouse.
DCL launches next phase of broker portal
Direct Commercial has enhanced its broker portal, claiming the update gives brokers faster control, increased efficiency, sharper insight and less admin.
The stats: Insurer competition drives softening of commercial rates in Q2 2025
The Acturis Commercial Broking Index shows commercial combined and combined liability rates fell into negative territory, while growth slowed across fleet, property owners, and packages in Q2. Ida Axling reports.
Serial ghost broker sentenced after ignoring repeated warnings from IFED
A man has been sentenced for his role as a ghost broker, despite numerous warnings from the City of London Police’s Insurance Fraud Enforcement Department.