Articles by Rosie Simms
The stats: Q1 2024 - Commercial combined slows to near halt
The year has started with almost no average premium growth in commercial combined while fleet and property owners have powered ahead, according to the latest statistics from Acturis.
Tyler appointed Academy CEO as Normand exits
Academy Insurance Services has named Martin Tyler CEO as Gilles Normand steps down to move into a non-executive career.
Ex-Aviva CEO Winslow raids former employer again
Direct Line Group has named Maz Bown as group chief risk officer, subject to regulatory approval, joining from Aviva where she was chief risk officer, UK General Insurance and Health.
Atec Group appoints ex-BGL CEO and aims to accelerate M&A after PE swoop
European private equity investor Perwyn has acquired Atec Group, in an off-market transaction from Kester Capital.
Cowens MD aims for minimum 10% income growth this year
Mark Wilson, managing director of Cowens Group’s general insurance division, told Insurance Age he would be “disappointed” if income didn't grow by at least 10% by the end of the year.
People Moves: 17 – 21 June 2024
Follow for the latest personnel moves in insurance.
Broking Success: Right opportunity
Matthew Collins, founder and managing director of Ascend Broking, targets growing from £14m to £50m gross written premiums in five years as the firm positions itself as a viable alternative to larger brokers.
Peach Pi launches bespoke surgery scheme with broker
Peach Pi has partnered with specialist broker Practice Cover to build a bespoke scheme to meet the specific protection requirements of its surgery clients.
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.
Experts call for vigilance in ever-changing cyber risks landscape
Panellists at the Financial Times Global Insurance Summit yesterday called for more education on and prevention of cyber risks.
Howden to remain private but IPO not ruled out in future
Howden is “very happy” being private at the moment but could be listed at some point in the future, according to CEO and founder David Howden.
People Moves: 10 – 14 June 2024
Keep up to date on the latest personnel changes in insurance.
Aviva’s Blanc: UK insurance industry needs to start planning for a post-Flood Re world
Amanda Blanc, group CEO at Aviva, claimed the UK must be cautious about what happens in a post-Flood Re world come 2039.
FCA cancels Northern Ireland broker’s regulatory permission
The Financial Conduct Authority cancelled Down Insurances’ Part 4A permission on 7 June, confirming it “no longer has permission to carry on any regulated activity”.
Blog: Is tech really the solution for underinsurance?
As we move into an even more digital world, with some insurance quotes and policies being completed strictly online, which would better help address underinsurance: re-introducing human contact or using even more new tech? Rosie Simms weighs up the…
Clear buys credit insurance specialist
The Clear Group has bought the book and assets of Lichfield-based credit insurance specialist Rycroft Associates including Inspire Credit Management.
Home insurance prices surge a record 41.6% in a year
The average quoted price of home insurance rose by 41.6% in the 12 months to April, surging again to another new record rate for an annual rise.
CFC launches second carbon insurance solution
CFC has launched its second insurance solution for buyers of voluntary carbon credit, Carbon Cancellation Insurance.
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.
Brown & Brown expands further in Northern Ireland
Brown & Brown Europe has bought Rollins Insurance Brokers, based in Holywood Northern Ireland.
People Moves: 3 – 7 June 2024
Stay in the loop with the latest insurance personnel moves.
Flood Re CEO Andy Bord steps down after seven years
Andy Bord, CEO of Flood Re, will be stepping down at its annual general meeting this July after seven years in the role.
Seventeen Group strikes two deals
Seventeen Group has bought Wisemans Insurance Services in Ashford and Manchester-based North West Risk Solutions.