Wholesale
Geo-owned MGA launches new non-negligent liability insurance policy
Renovation Underwriting has launched a specialist cover that financially protects property owners undertaking renovation or construction projects, specifically in circumstances where damage could occur to neighbouring properties and no one can be proven to be at fault.
Bain Capital to acquire Jensten Group
Bain Capital, the global private investment firm, has signed a definitive agreement to acquire Jensten Group from Livingbridge.
Meet the MGA: Sutton Specialist Risks
SSR managing director Gary Uren outlines how 36 years of data/knowledge, coupled with the backing of Acrisure and long-standing insurer capacity, means it is in good shape to almost double in size over the next five years.
Gallagher completes on AssuredPartners buy
Arthur J Gallagher has today announced it has closed the acquisition of AssuredPartners.
Business solutions company buys Lloyd’s broker
Liberty Blume has bought Lloyd’s broker PHL Insurance Brokers in its first strategic M&A transaction.
Lloyd’s wholesale broker Servca launches SME D&O facility
Servca, a specialist Lloyd’s wholesale broker, has launched an SME directors and officers insurance facility, available across the UK and Europe.
Ceta adds Mark Chappell as head of intermediary in wholesale push
Atec Group’s Ceta Insurance has appointed Mark Chappell as head of intermediary to bolster its wholesale proposition.
Interview: Brendan Devine, CEO of Atec Group
In his five years as CEO of Atec Group Brendan Devine has led the business to more than double policy numbers and profit organically, now having struck its first acquisition buying Moorhouse last month he explains how it will triple in size over the next…
CRC signs up to buy Atrium
US firm CRC Group has signed up to buy Lloyd’s insurer Atrium, in a deal expected to close in the third quarter of this year.
Atec buys Moorhouse from Lucida
Atec Group, owner of digital niche personal lines broker Ceta and managing general agent Arkel, has added to its stable and moved into the SME market buying Moorhouse from Lucida.
BP Marsh buys into property specialist MGA
Private equity house BP Marsh & Partners has revealed its second insurance investment in a month, taking a 27% stake in Cameron Specialty.
SRG names ex-Lockton and Marsh boss Nimmo as first UK CEO
Specialist Risk Group has recruited Neil Nimmo as its first CEO – UK, effective immediately.
Brown & Brown announces major acquisition
Brown & Brown has entered into an agreement to acquire RSC Topco, Inc, the holding company for Accession, the ninth largest privately held insurance brokerage in the United States, for $9.83bn (£7.3bn).
The FCA’s new five-year plan – what does it actually mean for brokers?
Following the recent publication of its new five-year plan, Insurance Age canvassed opinion from regulatory experts and market commentators on what brokers might expect from the the Financial Conduct Authority between now and 2030.
Ceta posts turnover and profit growth in run-up to sale
Digital niche personal lines and SME broker Ceta Insurance grew turnover by 23% in the year parent Atec Group was bought by European private equity investor Perwyn.
FCA to cut “clunky interactions” as it drives digitisation
The Financial Conduct Authority is focused on cutting “clunky interactions”, with a key move being the digitisation of forms, according to Sheree Howard, FCA executive director of authorisations.
H.W. Wood rebrands to HWS Specialty after sale to Steadfast
London-headquartered specialist wholesale broker H.W. Wood has rebranded to HWS Specialty after being snapped up by Steadfast Group.
Granite to roll out broker portals and enhanced trading platform
Acorn’s Granite Underwriting will launch broker portals in the next few months as one part of an ongoing group investment in technology with Acturis-owned ICE, Insurance Age can reveal.
Schemes growth planned as Brokerbility MD Dunn given group role at Clear
Brokerbility managing director John Dunn has been handed a new broader remit as part of the parent Clear Group’s efforts to grow its schemes business.
Liiba seeks to quantify London brokers value to global economy
A trade body has launched a project to quantify the monetary value of London’s brokers to the global economy.
Review of the Year 2024: Acrisure UK’s Mark McIlquham
Mark McIlquham, CEO of Acrisure UK, expresses disappointment at high-quality independent intermediaries selling to consolidators; still thinks a big insurer might snap up a broker; and reckons his children would take delight in watching him take part in…
