Headline makers - July 2020
The hottest stories on www.insuranceage.co.uk, the month in numbers and quotes from the biggest news stories of the month
The top 5 most readThe hottest stories from June on www.insuranceage.co.uk
FCA names 16 insurers affected by BI test case
The regulator revealed the 16 insurers which use at least one of the disputed policy wordings represented in its legal test case over business interruption insurance. www.insuranceage.co.uk/7513971
Redundancies for Markerstudy after pay cut row
The provider has blamed the impact of Covid-19 for the job cuts which follow reports of staff being forced to take pay cuts. It
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More on Broker
Hazelton Mountford targets hitting £20m GWP milestone in two years
Established in 2008, Hazelton Mountford is aiming to hit £20m gross written premium in the next two years through organic growth, Gordon Hazelton, group managing director, told Insurance Age.
SRG starts 2025 buys with schemes broker
Specialist Risk Group has bought schemes specialist Brentacre Insurance in its first UK broker deal of the year.
Aviva gives e-trade brokers commission flex up to 35%
Aviva has written to brokers that use its own e-trading platform Fast Trade – as well as Acturis E-Trade – telling them they can set their own commission rates within set parameters, Insurance Age has learned.
FCA bans broker whose fraud caused client to fail and go into liquidation
The Financial Conduct Authority has banned David Robert Cooke, previously a director at Professional Construction Risks Limited, from working in all regulated activity after he received a police conditional caution for an insurance fraud that led to the collapse of a client.
Insurers and brokers must develop services to help customers understand risks – Neil Galjaard
A panel at the Association of British Insurers annual conference explained SMEs and mid-corporate businesses need education on risk management, with insurers and brokers playing a key role.
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Hiscox UK reports best growth since 2018 on back of “reinvigorated” distribution strategy
Hiscox has recorded its strongest growth in its UK retail business since in 2018 as the group reported a record pre-tax profit of $685.4m (£540.6m) in its 2024 full year results on written premiums of $4.77bn.
Marshberry: US consolidators bypassing UK for Euro deals as targets dry up
Acquisitive US brokers might favour deals in territories outside the UK to enter and grow in Europe as the number of targets here shrinks.