Broker
Brokers raise concerns about FCA’s regulatory and compliance burden
In roundtables hosted by Zurich and the APPG for Insurance and Financial Services, brokers flagged their concerns about the regulatory and compliance burden created by the Financial Conduct Authority and claimed it is affecting the financial resilience…
Premium Credit makes 54.7% profit margin in ‘strong’ 2022 results
Premium Credit CEO Tara Waite said the firm had a ‘strong’ set of results after it continued to expand even further on its profit margins.
Tysers’ owner cancels UK joint venture
AUB Group has scrapped plans to create a joint venture for Tysers’ UK retail business with fellow Australian stock exchange listed firm PSC Insurance Group.
Home insurance premiums tick up by less than inflation at 6%
The average price paid for a combined buildings and contents home insurance policy in the first quarter of 2023 was £315, according to the Association of British Insurers.
Industry must work together to tackle recruitment challenges - Davies Group
Director of Davies Learning Solutions at Davies Group, Carolyn Blunt, has urged the insurance industry to come together to help tackle recruitment challenges.
Middle hails organic growth at Ageas in long-term broker personal lines strategy
“We are growing organically in the continuing personal lines business. The go forward business,” Ant Middle, Ageas UK CEO has told Insurance Age.
FCA survey data tracks 13% of consumers cut back on insurance due to cost-of-living crisis
More than six million people cut or cancelled insurance cover in the six months to January 2023 to save money in the cost-of-living crisis, the Financial Conduct Authority has calculated.
Only 27% of brokers implementing Net Zero plans
Research by Aviva has revealed that only 27% of brokers are actively implementing Net Zero plans. However, the figure has risen from 17% in 2022.
Blog: Who will replace Steve White as Biba CEO?
Seven days on from Steve White dropping the biggest Biba Conference bombshell since Boris Johnson announced he was running for the Tory leadership, Jonathan Swift considers who might be among the early front runners to replace White as the trade body’s…
Ex-Hiscox UK boss Thaker joins rival insurer in bid to woo regional brokers
Bob Thaker has joined Sompo International to help boost its proposition to brokers across the UK.
Howden in management restructure as broking CEO retires
Howden will streamline its management structure with all the major divisions reporting to CEO David Howden.
Specialist Risk Group snaps up TLO Risk Services
SRG has added to its professional lines capability with the purchase of TLO Risk Services for an undisclosed sum.
Peter Cullum says there is 'less private equity' capital around as his firm nears £200m GWP
The Broker Investment Group founder Peter Cullum has revealed that his business is on target for £200m gross written premium.
Aviva boss David Martin on empowering branches for brokers and delivering growth
Aviva delivered 200 authority and licence changes for underwriters dealing with brokers in just the first quarter of 2023, as it pushed ahead on empowering branches, managing director of UKGI distribution & SME David Martin has told Insurance Age.
The Broker Investment Group takes minority stake in Bedford broker
The Broker Investment Group has taken a 49% stake in Mayfair Insurance & Mortgage Consultants.
2023 UK Broker Awards deadline this Friday
With a deadline of 19 May you have just days left to get your entries in for the 2023 UK Broker Awards.
Italian insurer adds to UK broking motor woes with capacity cut
Italian insurer Unipol has scaled back in the UK motor insurance market, constricting capacity further for brokers.
RSA survey pinpoints broker challenge of clients amending or cancelling insurance in light of economic uncertainty
More than three quarters of brokers have seen clients change policies in the past six months as they prepare for further economic uncertainty, according to research by RSA.
RSA looks to add 200 more brokers in a year
RSA has set a target of adding 200 more brokers to its portfolio within the next 12 months according to sales and distribution director, Alex Hardy.
Time to “bust that lack of talent myth”, says Idex Consulting CEO
The CEO of Idex Consulting, Matt Green, has stressed that there is no lack of talent in the insurance industry, and that recruitment challenges often lie with employers.
Broking Success: Staying in a positive mindset
Operations director at amb Insurance Services, Peter Lycett, spoke with Sophie Locke-Cooper about why he has remained in insurance, and the importance of getting your culture right.
Clients cutting cover is greatest challenge for brokers - survey
Clients cutting back cover is the greatest challenge brokers face right now, according to a survey taken at the Biba Conference 2023.
People Moves: 9 - 12 May 2023
Stay in the loop with insurance personnel moves.
Biba awards Francis Perkins and Young Broker trophies
Former non-executive director of AFL Insurance Brokers, Alec Finch, was awarded the Francis Perkins Award, and Capsule Insurance Services’ Liam Green took home the Young Broker of the Year prize.