Norwich Union (NU) picked up a further six personal lines broking businesses in September, worth an estimated £51m GWP.

The purchases will allow the insurer to invite renewal on 128,000 policies, mainly through its direct arm Norwich Union Direct. That brings the total this year to 81 acquisitions.

Norwich Union director of distribution development Tim Rolfe said: "There have been acquisitions across the board and while we expected these to be smaller brokers, there have been some significant businesses.

"What we are finding is that we are working in partnership with other buyers, mostly regional brokers, to take the personal lines business while they buy the commercial book."

Rolfe warned that while many brokers had received their 'minded to authorise' letters from the FSA, there was a false sense of security about the FSA environment.

He said: "We are a little bit concerned about brokers waving their 'minded to authorise' letters about as if it was a rowing gold.

FSA authorisation is likely to be a much bigger deal in 2005."

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.