Wholesale
Clear grows southern presence with £50m GWP A-One purchase
In a busy week of acquisitions, Clear Group has announced the acquisition of top 100 ranked broker A-One Insurance Group.
Clear seals largest deal with £76.2m “transformational” swoop for Lloyd’s broker
Clear Group has entered the wholesale Lloyd’s broker space with what it has described as the “transformational deal” for Lilley Plummer Risks - a marine and property specialist.
Addept signs distribution deal to bolster broker landlord offering
Addept Insurance Services has today announced an exclusive broker distribution deal with Title Guardian, a 24/7 digital anti-fraud property and identity monitoring tool.
Markerstudy confirms motor specialist Collingwood buy
A spokesperson for Markerstudy Group has confirmed that backer Pollen Street Capital, in conjunction with Markerstudy, has agreed to buy Gibraltar-based Collingwood Insurance Services.
Markerstudy reveals £63m Clegg Gifford purchase bill
Markerstudy has confirmed it spent £63.63m on snapping up Clegg Gifford Holdings and its subsidiaries last year.
Addept Insurance boosts capacity for double product launch
Addept Insurance Services has partnered with Ortus Underwriting with underwriting capacity provided by Great American International Insurance (UK).
Bob Pybus named CEO of AUB UK Retail
Industry stalwart Bob Pybus has been appointed CEO of AUB UK Retail, with Tom Wilson leading wholesale broking as CEO of Tysers.
Momentum investor AUB takes 80% stake in Movo Group
Australian broking giant AUB Group has agreed to acquire an 80% equity stake in the Movo Group of Companies.
London-based wholesale broker Lonsdale goes into liquidation
Independent Lloyd’s wholesaler Lonsdale Insurance Brokers went into liquidation on 24 July 2024, after sale talks did not lead anywhere and the directors decided to cease trading in June.
Interview: Addept Group managing director Richard Finan
Addept MD Richard Finan gives Insurance Age the lowdown on his return to the market; his thoughts on changes to the MGA market in the wake of Consumer Duty; and the challenges of creating ancillary products in a post-FCA GAP intervention world.
AUB boss looks to leverage scale as it invests in Momentum
Howard Pepper, founder and managing director of Momentum Broker Solutions, is “excited” by access to the London market through Tysers, after Sydney-based owner AUB signed up to buy a 40% stake in the appointed representatives network.
Clegg Gifford to open branch in Tunbridge Wells as network buildout continues
Clegg Gifford is targeting £5m gross written premiums per branch as it looks to open a new location in Tunbridge Wells and relocated its Bristol branch, Insurance Age can reveal.
AUB takes 40% stake in Momentum
Tysers owner AUB Group has signed up to buy a 40% equity stake in appointed representatives network Momentum Broker Solutions, subject to regulatory approval.
Ex-insurance broker jailed for pocketing £46k from bouncy castle hire companies and amusement parks
A former insurance broker has been jailed for two years, after he stole £46,125 by editing a wholesale broker’s contracts to increase the cost of premiums paid by his clients, the City of London Police have confirmed.
Markel UK targets 20% growth a year – Sykes
Jo Sykes, divisional director for the UK broker channel at Markel, told Insurance Age the specialist insurer has growth ambitions of around 20% a year from a UK perspective.
Wallace: QBE reaping benefits of focus on ‘holy grail of service’
QBE’s consistency and lack of upheaval in contrast to some of its peers has helped it become a “viable alternative” for regional brokers.
Jensten wholesale division split sees MD Simon Taylor exit
Jensten is splitting its wholesale division in a strategic reorganisation that aims to drive organic growth, bolster continued acquisitions and further the integration of future buys.
Ecclesiastical seeks further schemes growth with new broker tool
Ecclesiastical has launched a digital portal, Schemes+, for brokers to help them manage their schemes more effectively, Insurance Age can reveal.
Bissell & Partners adds Lloyd’s broker status to offering
Bissell & Partners has been authorised as an independent boutique Lloyd’s insurance broker.
Lonmar picks up bloodstock book renewal rights
Lonmar Global Risks, part of Bridge Specialty International, has acquired the renewal rights for a bloodstock portfolio from Norwich-based St Benedicts.
GBN Worldwide launches broker and MGA in UK
GBN Worldwide, a global insurance network, has launched a London-based independent broker and managing general agent GBN Risk Solutions.
Just Travel targets brokers with new wholesale arm Aneevo
A new travel insurance distribution platform has been launched for UK insurance brokers.
Insurtech ARMD expands into the broker tradespeople market
ARMD, an insurtech, has formed a managing general agent to target brokers interested in the £6.5bn UK tradespeople insurance market.
Meet the MGA: Corin Underwriting
Andy Hurrell, the managing director and head of underwriting at Corin, outlines his plans for a business that has made Lloyd’s-on-Sea its home with a strategy that aims to embrace everything good about being a virtual insurer and a recognised MGA.