Articles by Ida Axling
FSCS paid out £473m in compensation in 2018/19
A total of 371,000 premiums were returned following the collapse of unrated Danish provider Alpha.
RSA hires Rachel Conran as CUO of Global Risk Solutions
Conran has previously worked for Allianz and her appointment follows a number of changes in RSA's GRS division.
ABI slams FSCP's proposed automatic-upgrade rule to tackle dual pricing
Consumer body's suggestion follows the super-complaint from Citizens Advice.
Brexit cost for financial services sector nears £4bn
EY says Brexit preparations have slowed after the deadline for the UK to leave the EU was extended.
Ecclesiastical report highlights biggest risks for charities
Insurer says Charity Risk Barometer will help brokers better understand the issues facing the sector and find solutions.
Acturis reveals profit jump in 2018
Software house set to pursue more deals as document reveals it paid £3.5m for Surrey-based ICE InsureTech in November 2017.
Lloyd's launches product innovation facility with £53m capacity
New initiative to focus on emerging risks, with underwriters from a range of different businesses taking part including Tokio Marine Kiln, Beazley and Hiscox.
Brokers monitoring capacity shortages after TMKI run-off
Although brokers are not worried by the provider going into run-off, they have concerns over tightening capacity.
Profit margins for UK brokers at highest level in eight years
Figures from Plimsoll Publishing show average profit margins are 5.7% for the current year, after consistently increasing since last year.
InsurTech Futures: Artesian launches risk and compliance hub
Firm says new solution will help brokers better understand risks and spot opportunities.
Seventeen Group buys Graybrook Insurance
Specialist medical malpractice and professional indemnity broker to be integrated with James Hallam, as Seventeen group secures new funding partner.
PIB's £50m spending on brokers in 2018 revealed
Consolidator's losses increased in 2018, but turnover jumped to £106.8m as it is set to continue its buying spree after £200m debt refinancing.
InsurTech Futures: Zego to double workforce after raising $42m
Broker says one of the largest funding rounds for a European start-up will see it move into new territories and expand its bases in the UK, Ireland and Spain.
Three directors out as Policy Expert buys loss-making Sure Thing!
Adam Powell takes over as CEO as Sure Thing!’s Brendan Devine, Stevie Sutherland and Kevin Kiernan exit the business.
GRP-owned Sagars buys Thomas Cook
Deal is broker's first since it became part of GRP last year.
Elite proposes solvency scheme to avoid liquidation
Gibraltarian insurer warns liquidation would be costly for creditors and could delay claims payments.
IFB launches counter fraud database
Platform goes live with eleven insurers and will hold industry data on suspected fraudsters and professional enablers.
Broker Network owner set to make more deals with fresh funding
Bravo Group to agree loan worth £80m earmarked for acquisitions from major bank, as the business reports growing revenues for 2018.
Konsileo parts ways with four brokers
CEO John Warburton says move is not part of a wider restructure, after four out of 18 brokers leave the start-up.
Andy Fairchild joins Jensten Group
Former Broker Network boss takes on retail MD position at the business previously known as Coversure.
Brokers call on HMRC to reform IPT
Broker boss wants IPT to become VAT as the industry responds to HMRC's consultation into how the IPT operates.
Saga group CEO to retire
Provider has started the recruitment process to find a successor, as Lance Batchelor is set to leave the business in January 2020.
Two TMK executives resign amid fresh sexual harassment claims at Lloyd's
Insurer says a formal and independent investigation is underway, after reports of groping and stalking emerge.
Unrated Gefion reports losses in 2018
Danish provider received cash injection to improve its solvency ratio on 6 May.