Broker
Broker Right Choice receives £28m private equity investment
The private equity arm of Lloyds Bank has invested £28m for a minority shareholding in motor broker Right Choice.
Tokio Marine HCC buys Qdos business unit
A subsidiary of Tokio Marine HCC has bought the contractor business unit of Qdos Group for an undisclosed sum.
This month in Post: lessons learned, space travel and why every insurer wants a time machine
Following the collapse of Danish insurer Alpha hundreds of black cab drivers were left unable to work and without any insurance cover. With little communication from the insurer the drivers took matters into their own hands and besieged the offices of a…
Smallest brokers pay five times higher proportion of earnings towards PI than largest firms
As a proportion of revenue, smaller insurance intermediary firms are still paying out far more for professional indemnity insurance than the largest firms, the Financial Conduct Authority’s latest data bulletin shows.
Charterhouse to acquire Ardian's Siaci Saint Honore group
Private investment firm Ardian has begun negotiations to sell the Siaci Saint Honore group to private equity player Charterhouse.
Insurance intermediaries saw revenue grow in 2017
The average revenue earned by insurance intermediaries increased in 2017, according to figures from the Financial Conduct Authority.
Analysis: Has the industry learned its lesson after the collapse of a third unrated insurer in two years?
After three months of solvent run-off, Danish insurer Alpha finally fell over last month. Its collapse sent shockwaves through the market and prompted black cab drivers to besiege the offices of their London broker.
Interview: Steve Treloar and Jon Dye, LV and Allianz
When Allianz acquired 49% of LV’s general insurance business, it set the market talking. Martin Croucher talked to the CEOs of both businesses to chart their progress
Marsh group MGA eyes growth as it rebrands as ‘Victor’
Managing general agent the Schinnerer Group will rebrand as ‘Victor’ and is looking to double the $1bn in premiums that it already underwrites.
Markerstudy consolidates businesses into ‘super’ MGA
Markerstudy is consolidating its UK business units into a single ‘super’ managing general agent.
Qatar Re acquisition of Markerstudy still hangs on regulatory approval
Exclusive: Markerstudy is still waiting on its new parent Qatar Re to gain regulatory approval for the acquisition.
GRP's Mike Bruce on win-win consolidation
Mergers and acquisitions take many shapes in the UK retail broking market, writes Mike Bruce, CEO broking at Global Risk Partners, noting some deals can actually support an owner's entrepreneurial spirit.
Amazon Protect MGA snapped up in $2.5bn deal
The company that underwrites warranty insurance for Amazon products has been acquired by a rival firm in a $2.5bn deal.
Howden names José Manuel González as CEO
Hyperion-owned broker Howden has named José Manuel González as CEO of Howden Broking Group.
Allianz replaces Aviva capacity for GRP-backed Higos
Allianz will provide capacity for Higos’ SME business, following Aviva’s decision to cancel agencies with all GRP-backed brokers.
Interview: Patrick Tiernan, Aviva
Aviva Global Corporate & Specialty's new managing director Patrick Tiernan is confident of profitable growth. He tells Jonathan Swift how he hopes to take the business to the next level.
Blog: Pukka's Sam White on the investment gap
Pukka's CEO Sam White calls on bankers to fund female-led businesses to achieve gender balance.
Aviva ends agency with GRP
Aviva has ended its relationship with Global Risk Partners following its split from two other GRP brokers.
This week in Post: GDP what?
My colleagues have come up with a creative idea to celebrate the General Data Protection Regulation. First you create a GDPR cocktail with gin, Drambuie, prosecco and rum. Then you take a sip every time you receive an email asking you to update your…
Ardonagh MGA division to exit loss-making personal lines
Ardonagh’s underwriting division will exit unprofitable parts of its personal lines book after it reported a £5.2m loss in the first quarter 2018.
Avantia places up to 30 roles at risk in outsourcing move
Exclusive: Avantia Insurance is in the process of relocating frontline roles to Sheffield, placing between 20 to 30 jobs at risk.
CII launches Aspire Apprenticeship programmes
The Chartered Insurance Institute has launched its Aspire Apprenticeship programmes.
Insurers slammed over auto-renewal 'loyalty tax' of £37m
Insurers have been slammed for increasing rates on auto-renewals, amounting to what campaigners call a 'loyalty tax' of £37m.
Swinton's Gilles Normand on why brokers can be a guiding digital hand
Swinton CEO Gilles Normand believes brokers can be the Amazon of the insurance market.