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Ernst & Young's (E&Y)100-strong regulatory practice has been hit hard by the defection of a team of eight including Trevor Newbery, director of the team.

Newbery is joined by Andy Mills, Stuart Howard, Jonathan Huston and four others in leaving Ernst & Young for Grant Thornton.

Senior sources said that Newbery disagreed with E&Y's move towards larger fees. "E&Y wanted to focus on moving to £1m-plus fees, but Newbery disagreed," said the source.

E&Y confirmed that Newbery and seven others were leaving the company, but refused to comment on any other issues.

Grant Thornton refused to comment.

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.