Broker deals help push Hiscox to 4.5% UK growth

Hiscox has revealed 4.5% growth in written premiums to £504.2m for the first nine months of 2024 as it topped over half a million customers. The rise from £482.5m in the same period last year came with the insurer flagging the contribution of six new broker deals in commercial and “particularly strong” broker channel performance … Read more

Hood moves household book from RSA to Bspoke

Bspoke Group has teamed up with Hood Group to underwrite the Top 100 Broker and affinity insurance provider’s household portfolio. The deal will see Hood Group’s book of approximately 13,500 policies transition from RSA to Bspoke, starting from 1 December 2024. According to the pair, the arrangement is expected to grow in the coming months … Read more

Ex-LV broker leader Michael Lawrence joins Grove & Dean

Michael Lawrence, previously broker distribution and underwriting director at LV, has joined Grove & Dean taking on the same job title, Insurance Age can reveal. Lawrence, pictured, left the insurer during the summer and started at the Hornchurch-headquartered Top 100 UK Broker on 1 October. He had been with the provider through its various ownership … Read more

SRG builds out MGA arm MX with fourth buy of 2024

Specialist Risk Group has announced the acquisition of reinsurance firm NW Re. It said the deal reinforced “SRG’s commitment to the broker and underwriting intermediary market, by investing in specialist underwriting capability and technical expertise”. The team at NW Re will join forces with SRG’s underwriting pillar, MX, to deliver “bespoke reinsurance solutions [to] enhance … Read more

Kova enters multi-year capacity agreement with Hadron

Professional indemnity-focused managing general agent Kova Professions has entered a capacity agreement with Hadron, the specialty insurance carrier rated A- by AM Best. The partnership, a five-year commitment, is enabled by the Accelerant Risk Exchange and effective immediately. Kova was launched in March and is led by CEO Kate Albert, pictured, formerly head of underwriting … Read more