Brown and Brown (Europe) Ltd has snapped up Alan R MacKay and Company Limited, trading as MacKay Corporate Insurance Brokers, which has offices in Glasgow, Ayr and Aberdeen. The deal marks Brown and Brown’s first acquisition in Scotland.
There were 18 announced deals in the UK insurance distribution sector between June and August, according to figures from MarshBerry. The consultancy says this is the lowest number recoded for the summer period since 2017. In the year to date, there have been 56 deals, down 16% on the 67 recorded las year.
Addept Insurance Services has teamed up with Moorhouse Group, which specialises in business and property owners insurance, to offer rent guarantee and legal expenses insurance to landlords with mixed and commercial portfolios. Moorhouse is part of Atec Group.
Allianz UK has refreshed its proposition for wholesale and retail businesses, which covers those with a turnover between £10m and £1.5bn. The carrier says the move comes on the back of market research that suggest two thirds (68%) of business leaders feel their organisation is vulnerable to supply chain disruption.
Zurich has added 1,400 trades to its e-traded SME combined liability proposition, which it has launched on Acturis Open Market and Zurich Online. The new proposition builds on Zurich’s existing SME commercial combined infrastructure, expanding the range of risks it can cover.
Aviva has developed a hybrid fronting proposition for managing general agents that it says combines fronting capabilities and risk retention. It will be available through Aviva’s Global, Corporate and Specialty division and is aimed at opportunities in excess of £20m gross written premium.
HDI Global UK and Ireland is set to establish a new syndicate having received approval in principle approval for the venture from Lloyd’s. The carrier says the move will widen its distribution and give clients and brokers better access to its underwriting capabilities.
In September, Markel will launch a standalone cyber solution for businesses with a turnover of up to £250m, which will be available via the Acturis platform. The SME and mid-market proposition will provide cover across more than 3,400 trade categories.
Loss adjusting and claims specialist QuestGates has launched a new division called Counter Fraud Solutions that integrates fraud prevention, detection and management capabilities into a single proposition for commercial and personal lines insurers, managing general agents, brokers and commercial clients.
Managing general agent Alps has partnered with specialist schemes provider Guarantor Insure to launch a student guarantor protection insurance scheme, which will provide cover to individuals acting as guarantors for students in rented accommodation.
ManyPets has launched a pet insurance plugin, or app, on ChatGPT, which it says will make it quicker and easier for pet owners to get a quote. ManyPets says the plugin is aimed at consumers who are beginning to use large language models to fulfil their everyday search demands.
Cedar Trace Underwriting has received in-principle approval from the Lloyd’s Council for a new syndicate that will begin to write a diversified reinsurance portfolio as well as a delegated direct insurance portfolio from the beginning of 2027. Asta will provide managing agency and associated services to the new syndicate.
Lloyd’s has reported a profit of £3.5bn for H1 2026. This was down from the £4.2bn achieved in the same period last year. Gross written premium rose from £32.5bn to £34.7bn while the market’s combined ratio improved from 92.5% to 90.8%.
Partners& has acquired Borehamwood-based broker Chaseside Insurance Solutions. The broker has a 5-strong team that supports a broad range of commercial clients in sectors including manufacturing, retail, leisure, media, IT and professional services. It also works with private clients.
Simply Business has inked a six-year partnership agreement with premium finance provider, Premium Credit. The deal builds on an existing relationship that dates back to 2017. Simply Business specialises in providing cover to small business and landlord clients.
Tower Insurance Brokers, which secured backing from private credit investor TDC last year, has acquired Wilmslow-based broker Riskworks, which controls gross written premium of around £5m. The deal takes Tower’s GWP to more than £40m.
Renovation Underwriting has implemented an application process that lets brokers place private client risks with a premium of less than £3,000 through its underwriting portal. Those that meet the criteria will be priced and bound immediately, while those that do not will be referred for manual review.
Partners& adds Chaseside Insurance Solutions to its stable
Lloyd’s H1 GWP up but profits down
Simply Business and Premium Credit renew partnership
Tower targets £100m GWP and completes acquisition
Renovation Underwriting offers new route to put clients on risk
Alps partners Guarantor Insure on student scheme
QuestGates consolidates counter fraud services into single solution
ManyPets deploys plugin on Chat GPT
HDI gets green light for Lloyd’s syndicate
Verve Risk Services launches financial institutions team
Brown and Brown acquires Scottish commercial broker
Addept and Moorhouse partner on rent guarantee cover
Insurance M&A activity still subdued – MarshBerry
New MGA hybrid fronting proposition from Aviva
Zurich broadens appetite for e-traded SME liability risks
Allianz revamps wholesale and retail proposition
Markel unveils cyber proposition on Acturis
Cedar Trace Underwriting set for 2027 launch