Insight
TBIG increases stake in Hathaway & Cope to 75%
The Broker Investment Group has increased its ownership of Hathaway & Cope, a managing general agent with delegated authority, to 75%.
FCA chair admits surprise at “stern reaction” to name-and-shame proposals
The chair of the Financial Conduct Authority has admitted that it was not expecting such a “stern reaction” to its consultation on its “name-and-shame” proposals.
Arch expands terrorism insurance solution
Arch Insurance UK regional division has enhanced its standalone terrorism insurance product for businesses across the country, available via its new broker portal.
EY predicts three years of slowing premium income growth for insurers
EY has forecast UK non-life insurance premium income growth will slow to 7% in 2024, from 8.7% in 2023, dropping again to 5.1% in 2025 and 3.8% in 2026.
ABI records 3% home premiums rise in Q1
Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.
Partners& launches apprenticeship scheme
Partners& has launched an apprenticeship scheme – named “16 to CEO” – to encourage young people from diverse backgrounds to explore the insurance industry as a viable career.
Biba Conference 2024 countdown: Charles Taylor’s James Savill
James Savill, head of UK claims management at Charles Taylor, outlines how he tackles Biba like Disney World and that come the end of the evening, all roads usually lead to a curry house.
JMG seals second deal of the week
JMG Group has bought Hamilton Robertson Insurance Brokers, adding £15m of gross written premium to the business.
Flood Re raises levy and liability and loss limits
Flood Re has increased the annual insurance industry levy by £25m to £160m from next April, in a string of changes it said were designed to keep flood insurance available and affordable.
Ardonagh strikes A$2.3bn PSC deal
Ardonagh has signed up to buy Australian-headquartered PSC Insurance Group including its Top 100 UK broker.
Biba reduces burden for board members after agreeing special resolution
The British Insurance Brokers’ Association (Biba) has recruited some new people to its main board and agreed to changes to make the commitment of those involved with all of its committees less onerous, including fewer meetings.
Cost-of-living crisis pushes up premium finance demand
New research has found almost 60% of UK brokers agreed the proportion of commercial lines clients choosing premium finance to pay for their insurance will increase over the next 12 months. Rachel Gordon reports
Biba Conference 2024 countdown: RSA’s Steve Scott
Steve Scott, regional director at RSA Insurance, explains why he’ll be moving between two stands, the irony of listening to James’ ‘Sit Down’ and the importance of partnerships in tackling the challenges ahead.
Casper adds Chaucer and TMK as capacity backers
Casualty-focused managing general agent Casper Specialty UK has secured capacity from Chaucer and TMK as it enters its second year of trading.
JMG adds SIA and subsidiary Evergreen to stable
JMG Group has expanded its footprint in the South with the acquisition of Surrey-based insurance broker SIA Insurance.
Acrisure expands in southern England with two buys
Acrisure has snapped up two brokers backing Sutton Winson to boost its presence in southern England.
Flock partners with Acorn on taxi fleet insurance product
Insurtech Flock has partnered with the Acorn Group to launch a taxi fleet insurance product in an aim to make the world “quantifiably safer” by helping customers reduce risk, CEO of Flock, Ed Leon Klinger told Insurance Age.
Bravo strikes MGA deal to offer members drone cover
Bravo Networks has teamed up with MGA Moonrock Drone Insurance to offer its members cover for this growing sector.
Biba Conference 2024 countdown: MGAA’s Mike Keating
Mike Keating, CEO at the Managing General Agents Association, recommends lots of sleep beforehand and refers us to his lawyer concerning his evening activities.
Biba weighs in with “grave concerns” on FCA ‘name and shame’ proposals
The British Insurance Brokers’ Association has called on the Financial Conduct Authority to consider the risk of the damaging impact its proposal to name firms at the start of an investigation could have and flagged the danger of serious injustice for…
FCA warns on Tempcover clone
The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.