Broker
LV’s Michael Lawrence on the trends and changes in the broker market
Michael Lawrence, distribution and underwriting director for LV Broker, assesses the 2021 developments in the broker market and explains how resilience, versatility and a clear strategy will be as important as ever this year.
Aviva to boost regional underwriting headcount by 10%
Aviva has started a recruitment drive to add at least 40 underwriters working on regional mid-market business, chief distribution officer Gareth Hemming told Post.
Gallagher adds Elliot Miller to lead Scotland, Northern Ireland and the North East of England
Gallagher has appointed Elliot Miller, formerly of CNA Hardy and QBE, as regional managing director for Scotland, Northern Ireland and the North East of England, Post can reveal.
Allianz in regional commercial restructure; GRS extends global reach with adjuster tie-up; Movo buys three; and Tractable strikes two new deals
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Thingco boss Brockman questions insurers' pricing rules preparations after hitting pause on capital raise
Thingco CEO Mike Brockman has questioned insurers’ preparedness for pricing rules that took effect at the start of the year, after the telematics insurtech hit pause on a capital raise amid uncertainty generated by the regulations.
First Underwriting targeting 30% growth after £1bn capacity deal
Managing general agent First Underwriting has revealed a five-year £1bn capacity deal with Accredited Insurance (Europe).
Willis Towers Watson rebrands as WTW
Willis Towers Watson has rebranded as WTW and swapped its stock market ticker symbol.
Intelligence: China - Implications of uncertainty
There would be serious consequences for the insurance market if escalation of tensions between the major western democracies and China arose. David Worsfold asks, therefore, why insurance companies are burying their heads in the sand about the issue…
Bifurcated 1.1 renewal market negotiations leaves strained relationships, reinsurance brokers warn
Challenging negotiations between reinsurers and buyers during the busy 1.1 renewal season may have strained relationships with some clients, brokers have warned.
Markerstudy to keep BGLI brands, staff and management after £400m deal
BGL Insurance is a “complementary fit” with Markerstudy’s existing distribution business and provides cross-selling opportunities as the firm grows to close to six million customers, according to group underwriting director Gary Humphreys.
Johnny Timpson receives OBE in New Years Honours List
Insurance diversity and inclusion campaigner Johnny Timpson was made an officer of the Order of the British Empire in the New Years Honours List.
Markerstudy strikes biggest deal to date with BGL Insurance acquisition
Markerstudy has announced its biggest deal to date with the acquisition of BGL Insurance from BGL Group.
Preview: What will 2022 bring for the insurance market?
Post spoke to market experts to get their predictions for what 2022 will look like.
Blog: Signs of a softening aviation market
The Covid impact will be long tail, though there are signs rates are softening somewhat into 2022, writes Scott Smith, account director for Aviation at Consilium.
Ardonagh buys MDS; Markerstudy snaps up Clegg Gifford; start-up broker Attis targets London/acquisitions; WTW and Munich Re in parametric 'world's first'
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Review of the Year 2021 – Brokers and MGAs
Post spoke to brokers and MGAs to get their thoughts on the highs and lows of 2021.
Jensten reveals £36m cost for four deals in 2021 financial year
Jensten Group has posted a £13.57m post-tax loss for the year ended 31 March 2021 as turnover rose 24% to £21.44m.
Ardonagh’s Phil Bayles on the question of selling to a seller
Phil Bayles, chief commercial officer at Ardonagh Advisory, reviews the lessons learned from his time at Aviva and advises brokers to do due diligence when selling their businesses to avoid ‘seller regret’.
Abbeyautoline owner Prestige creates broker Stroll as it invests £3m in digital
Prestige Insurance Holdings is investing over £3m and creating 60 jobs in Northern Ireland as it launches digitally-led broking brand Stroll next year.
SRG adds Joe Hanly as CFO
Specialist Risk Group has appointed Joe Hanly as group chief financial officer replacing Charlie Love who is leaving to pursue other opportunities having been with the business since October 2018.
Swiss Re reports nat cat losses fourth worst since 1970; Davies buys BVS; Leak Bot to go public after reverse takeover; and Ryanair teams up with insurtech
Post wraps up the major insurance deals, launches and investments of the week
Kenny Hogg leaves Gallagher
Kenny Hogg, regional managing director for Scotland at Gallagher, has left the business, the broker has confirmed.
SRG launches MX Underwriting MGA with £100m target for 2022
Specialist Risk Group has unveiled managing general agent MX Underwriting bringing together GB Underwriting, CLS Risk Solutions and Blackrock Insurance Solutions with Lime Insurance.
Ardonagh valued at $7.5bn as Abu Dhabi Investment Authority joins investor roster
The Ardonagh Group has secured investment from the Abu Dhabi Investment Authority and “several other large global institutions”, giving the group a multi-billion dollar valuation.