Insight
Innovu to rebrand as Gallagher
Gallagher will rebrand Innovu and build the broker organically and through M&A into a top three player in Ireland, Michael Rea, CEO of Gallagher’s retail division, UK & Ireland has set out.
Goldman Sachs buys into Clear as ECI exits
The private equity business within Goldman Sachs Asset Management has signed up to buy a stake in Clear Group, the broker has confirmed.
GRP expands in Wales with Prescott Jones buy
Global Risk Partners has bought Swansea-based Prescott Jones for an undisclosed sum.
MGA Fusion Specialty expands in UK
SME focused M&A and financial lines specialist managing general agent Fusion Specialty has launched Fusion Specialty UK.
Blog: Stonegate v MS Amlin and others - battle lines drawn in a £1bn dispute
Reed Smith’s Peter Hardy and Catherine Lewis consider the impact of Stonegate’s £1bn court claim.
Amanda Blanc says she feels “responsible” for addressing industry sexism
Aviva CEO, Amanda Blanc, has spoken on Women’s Hour this week to say she felt compelled to address sexist incidents as one of only nine female FTSE 100 CEOs.
Igo4 pledges to go Net Zero by 2050
Igo4 has signed up to the Science Based Targets Initiative committing to a 46% reduction in greenhouse gas emissions by 2030 and to become Net Zero by 2050.
Gallagher buys Innovo as “launch-pad” into Ireland
Gallagher has expanded into Ireland buying Innovo Insurance for an undisclosed amount.
30 minutes with: Axa’s Alan Scott
Alan Scott, director of retail intermediaries, discusses how it has been a challenging yet exciting start to the year with new pricing and regulation rules and says it’s a time for brokers to stand out and differentiate themselves.
New Treasury sub-committee to scrutinise regulators
The Treasury Select Committee has revealed a new sub-committee to scrutinise regulatory proposals for financial services in the post-Brexit landscape.
Blog: Should we regulate the software houses?
Andy Fairchild, former leader of Broker Network and Applied Systems Europe, considers whether there is enough oversight of the tech providers to the insurance industry.
People Moves: 20-24 June 2022
Stay informed of the top personnel changes in insurance.
Amicus hits £22m in GWP and sets sights on M&A
Amicus CEO, Adam Scott, has told Insurance Age that the broker is looking to do deals as it aims to become the largest construction waste broker in the UK, following last year's MBO which was supported by Shawbrook Bank.
FCA warned on nearly 2000 potential scams in 2021/22
The Financial Conduct Authority added 1966 possible scams to its consumer warning list between May 2021 and April 2022 the watchdog has confirmed as it updated on the progress of its data strategy.
Ceta launches notional home insurance product
Ceta has developed a notional home proposition, Prestige Notional, which is backed by Aviva.
Nexus Underwriting unveils financial lines division
Managing general agent Nexus Underwriting has launched Nexus Frontier.
Acrisure plants flag in UK with Russell Scanlan buy
US-based Acrisure has moved further into the UK market and bought Nottinghamshire-based Russell Scanlan for an undisclosed sum.
Jensten expects to reach £500m GWP goal by the end of the year
Jensten Group is set to beat the deadline it set itself to reach £500m GWP according to retail managing director, Robert Organ.
Greggs ups events in Zurich BI £150m court case claim
Food retailer Greggs has boosted the number of events cited in its £150m Covid-19 business interruption legal case against Zurich.
UK Broker Awards 2022: Shortlist revealed
Who is up for a trophy at the only awards ceremony dedicated to the UK broker community?
FCA fines JLT Specialty £7.8m for financial crime control failings
The Financial Conduct Authority has fined JLT Specialty £7,881,700 for financial crime control failings, which in one instance allowed bribery of over $3m to take place.
ERS widens appetite on car offering with digital expansion
Motor provider ERS has developed its digital offering and is set to add its manually-traded Prestige and Enthusiast products to its e-trade proposition as it seeks to make them more accessible to brokers.
Blog: Don’t under-rate rated
As economic pressure mounts on customers, brokers must beware the temptation to seek out unrated capacity Arc Legal Group's Tim Mullin argues.
ProAktive buy part of national expansion, says Clear boss Lickens
Buying ProAktive is Clear Group’s gateway to the North and part of the plan to expand across the country, executive chairman Howard Lickens has confirmed.