News
Brown & Brown Europe reveals final deal of 2024 with Hampshire broker buy
Brown & Brown Europe rounded off 2024 with a swoop for Hampshire-headquartered Addingstone Insurance Solutions, Insurance Age can reveal.
Partners& close to breaking even as turnover jumps £10m
Partners& has reported a pre-tax deficit of £55,954 for the financial year to March 2024, as it slashed losses again.
Ecclesiastical recruits Medlicott as UK casualty director
Ecclesiastical Insurance has appointed James Medlicott as UK casualty director, joining in March from HDI Global where he was director for liability underwriting.
Lloyd’s CEO Neal to leave for new role at Aon
Lloyd’s has announced that CEO John Neal will be leaving in 2025 to join Aon as its global CEO of reinsurance and global chairman of climate solutions.
Ex-Axa COO Vasudeva returns to Hiscox
Hiscox has named Shali Vasudeva as group chief operations and technology officer, returning to the insurer after leaving for Axa in 2019.
Caravan Guard profits and turnover grow for 2024
Halifax-based Caravan Guard has reported a 9.9% increase in profits before tax to £3.99m for the year ended 31 March 2024.
Iprism broadens capacity deal with Zurich
Managing general agent Iprism has signed a multi-year deal with Zurich bringing in capacity for its property owners and commercial combined products.
Intellectus and Consultus join forces
Intellectus Insurance Brokers has entered into a strategic partnership with Consultus Insurance Brokers.
Brokerbility adds Apollo Insurance Brokers to network
Apollo Insurance Brokers has joined the Brokerbility network to support its growth strategy.
Aviva pledges more than £4m to Citizens Advice
Aviva has renewed its multi-year partnership with Citizens Advice, pledging more than £4m to the charity, following its two-year investment in 2022.
Turnover and profit flat at Kelliher in 2023
Kelliher Insurance Group has posted £16.54m of turnover and £854,121 of pre-tax profit for 2023.
Das UK brand exits market in Arag integration
Legal expenses insurance provider Arag has completed the integration of the Das UK brand a year on from the deal going through.
Aon completes Griffiths & Armour buy
Global giant Aon completed the takeover of Top 40 UK insurance broker Griffiths & Armour on 1 January.
Business confidence up at start of 2025 but regulatory pressure concerns rise
Financial services leaders are more confident about business growth and profitability in the first quarter than at the same point last year, according to research by KPMG UK as it also found regulatory pressures becoming a top three concern of bosses.
FCA insurance related fines total £1.1m in 2024
The Financial Conduct Authority handed out £1.11m in fines to two general insurance broking individuals in 2024, as firms achieved the second year in a row of zero fines.
MGA appoints new MD
MGA Alps has appointed Michelle O’Reilly as managing director, replacing Ian Micklewright.
Direct Line accepts Aviva’s £3.7bn takeover offer
Direct Line has accepted Aviva’s improved offer to takeover the company this morning in a deal one analyst has described as a "bold move that could turn out to be a gift that keeps on giving".
BMS completes David Roberts & Partners buy
BMS Group has finalised the acquisition of David Roberts & Partners, after it was announced in earlier this year.
Aviva-target DLG launches on Compare the Market
Aviva takeover target Direct Line Group has launched three new branded motor insurance products on Compare the Market, marking its entry on to price comparison websites.
PE house invests in Biba associate member
UK-based private equity firm CBPE has made an investment in specialist insurance and commercial law firm Horwich Farrelly.
People Moves: 16 – 20 December 2024
Keep up to date with the latest insurance industry personnel moves.
Ex-Das UK boss Coram departs for UK insurer CEO role
The ex-boss of Das UK, Tony Coram, has returned to former parent company Munich Re as CEO of its primary insurance business, Great Lakes (UK).
Pen names Hannah Fry as COO
Gallagher-owned Pen Underwriting has appointed Hannah Fry as chief operating officer joining the executive team on 6 January 2025.
Somerset Bridge and DLG breach Private Motor Insurance Order
Somerset Bridge and Direct Line Group have both received a letter from the Competition and Markets Authority for breaches of the Private Motor Insurance Market Investigation Order 2015.