The gender pay gaps of top insurance brokerages showed little movement in 2019, with the divide between the mean pay of men and women shrinking by 0.33% while the gap in median pay grew by 0.34%.
The easy answer to the question “when is a consolidator not a consolidator” is when nobody is being bought. Phil Barton and Stuart Reid spoke to Post senior reporter Emmanuel Kenning about their latest venture Partners&.
Phil Barton, CEO of newly formed Partners&, has forecast that the business can grow from 140 staff and £65m in gross written premium to 350 people earning £50m of revenue within five years without further buys.
From November last year to January 2020 Post gave insurance employees the chance to nominate and rate their employers on topics ranging from management to diversity and work/life balance along with whether they would recommend the company to a friend.
Acquisitions in the UK distribution space rose 13% last year, according to research by Imas Corporate Finance. Post investigates what is driving the increase in consolidation and the challenges buyers are facing in their traditional hunting grounds
Exclusive: Private equity houses and PE backed firms were behind more than 50% of UK insurance distribution mergers and acquisitions activity last year in the £5m plus category, Imas Corporate Finance has calculated.
Exclusive: The number of UK insurance distribution mergers and acquisitions rose from 82 in 2018 to 93 last year, driven by a surge in deals valued under £5m, industry specialists Imas Corporate Finance has revealed.
Sheridan Insurances owner Innovu Group has bought Wexford Insurance Group in Ireland for an undisclosed sum.
Weald Insurance, one of Ethos Broking’s ‘powerhouse’ hubs in the South East, has acquired Sussex-based Cronin Underwood.
Applied Systems sees the UK as “research and development lab” for new technology and ideas following its success incorporating front end quote and buy into its Epic platform in the territory.
A partial sale of Global Risk Partners could be on the sale, as the consolidator and its private equity backer explore their options.
Aston Lark has bought Manchester-based commercial lines broker Buckland Harvester.
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.
PIB will now integrate childcare broker Albany Childcare into Morton Michel, despite pledging at the time of purchase it would keep the brand.
Essex-based risk management specialist Health and Safety Click has been bought by consolidator GRP.
Gauntlet Group’s network Gauntlet Enterprise has picked up its first Welsh appointed representatives.
Nexus has acquired financial and professional lines managing general agent Plus Risk Limited.
GRP-owned County Group has acquired Stoke-based broker Eric Rawlins & Company, which specialises in contractors, property owners, business and fleet risks.
GRP-owned broker Sagars has bought Lancashire-based engineering and entertainment broker Thomas Cook & Son.
PIB will see its gross written premium grow from £550m to £900m with the acquisition of Cobra.
Exclusive: Higos, GRP’s hub business in the South West, has acquired The Insurance Group for an undisclosed sum.
The UK has seen a wave of consolidation in regional broking over the past few years, making competition for viable targets a challenge. In response, several consolidators are starting to look to Ireland and Europe as a potential area of expansion.
Exclusive: Marsh Networks has seen an increase in the number of start-up brokers expressing interest in joining, leading it to create two packages to attract them to its networks.
Amanda Blanc’s move from Axa to Zurich was perhaps the most talked about people move of 2018. The Association of British Insurers chair spoke to Jen Frost about her plans for the business in the coming year