Broker
Brightside vows further investment into MGA Kitsune
Brightside will further invest to grow its managing general agent Kitsune this year, as the number of wholesale brokers with agencies reached 13.
McCafferty welcomes ‘considerable improvement’ at Brightside despite £10.3m loss
Brightside made a loss before tax of £10.3m for the year ended December 2018, but CEO Brendan McCafferty expressed confidence the business was improving.
Insurance Museum team look to raise £3m for pop up site in Leadenhall
The team behind the proposed Insurance Museum in EC3 have received backing from the City of London Corporation, as it moves from feasibility study to raising funds to set up a temporary pop up site.
GRP explores option of partial sale
A partial sale of Global Risk Partners could be on the sale, as the consolidator and its private equity backer explore their options.
Gefion still ‘in the process’ of arranging a capital injection
Exclusive: Gefion still remains “in the process” of recapitalising, more than six weeks after the Danish regulator ordered it to hold off on expanding into new territories until its finances are back on track.
Goldman Sachs/Aston Lark deal to close ‘on Monday’
Goldman Sachs’ merchant banking division’s purchase of a majority stake in Aston Lark is expected to close on Monday.
Aston Lark buys first Manchester broker
Aston Lark has bought Manchester-based commercial lines broker Buckland Harvester.
Aggregator disruptor Honcho launches
Reverse auction market place Honcho has launched its motor insurance bidding app.
Blog: Flexible working - attracting and retaining talent
The financial services and insurance sector suffers from a higher median gender pay gap than any other sector of the economy. Prina Mashru, head of human resources at Konsileo, argues that for women in the sector flexible working arrangements could…
Spotlight: SME market: SMEs and cyber risk - a ticking time bomb
SMEs are a prime target for cyber criminals because they are believed to have limited resources and employ less technically aware employees than larger enterprises. Despite this, these businesses, their insurance providers and brokers are not assessing…
Spotlight: SME market: Where do the biggest opportunities lie for brokers in the SME market?
There seems to be a significant number of drivers for change in the SME market, which begs the question how the relationship between brokers and these clients will change. Edward Murray looks at the opportunities available for intermediaries to remain as…
This week: Winners and lasers
Nothing says team building quite like stumbling around a dark maze, falling headfirst into mirrors and haphazardly shooting lasers at your colleagues. Or so the democratic vote we held a few weeks earlier decreed.
Telematics Watch: Improving customer engagement and building trust
As a service-led insurance proposition based on individual driving behaviour, Igo4 CEO Matt Munro explains how telematics presents a wealth of opportunities to add value and tailor propositions to create long-lasting customer relationships built on trust.
Ardonagh reveals future plan for Swinton as all branches close
Ardonagh group has confirmed the closure of all Swinton branches as the integration of the business is almost complete.
Ardonagh posts loss of £44.5m for the first half of the year
Ardonagh Group has posted a loss of £44.5m for the first six months of 2019, an increase of £11.7m on the £32.8m loss reported for the same period last year.
PIB u-turns on pledge to keep childcare broker brand
PIB will now integrate childcare broker Albany Childcare into Morton Michel, despite pledging at the time of purchase it would keep the brand.
GRP acquires online enterprise risk management firm
Essex-based risk management specialist Health and Safety Click has been bought by consolidator GRP.
Ex-JLT pair Palmer-Brown and Crossland join SSL Endeavour
Jonathan Palmer-Brown and Hugh Crossland, both formerly of JLT, have joined SSL Endeavour as group non-executive chairman and group chief financial officer respectively.
Brightside appoints Derek Henry as broking MD
Brightside has appointed Derek Henry as managing director of broking, following the departure of Russell Bence.
Gauntlet’s appointed representative network enters Wales
Gauntlet Group’s network Gauntlet Enterprise has picked up its first Welsh appointed representatives.
Private equity firm takes majority stake in Avid
A majority stake in managing general agent Avid has been sold to Beech Tree Private Equity.
Analysis: Protecting businesses against political risks
The political risk map of Europe is being changed by a toxic combination of uncertainty — both political and economic, populism, geopolitical changes, political violence and technological advances
Blog: Unrated insurers - the risks for UK brokers
Over the years European Union rules on the free movement of capital have had many beneficial effects for the UK economy. However, according to Ashwin Mistry, chairman of Brokerbility, this has also allowed insurers with lower solvency than would be…
Insurtech 100: May - July 2019 quarterly update
Hippo, Lemonade and Zego are just three of the start-ups that have been in the news recently. Matt Connolly, founder and CEO of Tällt Ventures, reflects on a what has been happening for the Insurtech 100 since the list was published in May.