Broker
FCA says all options on table ahead of possible phased implementation period for Consumer Duty
Brokers have been urged to prepare for the April deadline as the Financial Conduct Authority ponders changes to the implementation period for Consumer Duty regulations.
Brokers looking to introduce multi-policy portfolio, says CDL’s CEO
CDL’s CEO, Nigel Phillips, has said brokers are looking to deploy a multi-policy portfolio, so that they can “reap” some of the benefits by offering a breadth of policies to their customers.
News analysis: The future for Directors’ & Officers’ cover
Martin Friel explores how this niche line is developing, and learns how factors such as Russian sanctions are driving change in the highly specialist market.
Have you got what it takes to be part of Insurance Age's Future Force 2022?
Today Insurance Age launches a new project that seeks to highlight the up-and-coming brokers with annual gross written premium of under £30m that we believe will shape the future of the independent intermediary sector over the next decade.
FSCS broker pot pays out £7m compensation in 2021/22 after levies of £13m
The Financial Services Compensation Scheme has revealed that the broker levy pot paid out £7m in compensation in 2021/22, less than half the £15m total in 2020/21.
Ghost broker gets suspended sentence over £50,000 fraud
Rodney Bruce Van der Puye has been sentenced to 21 months imprisonment suspended for two years and ordered to complete 180 hours of unpaid work for acting as an illegal insurance intermediary.
Lloyd’s commits to One Lime Street – report
Lloyd’s of London is set to stay in the iconic Lime Street building designed by Sir Richard Rogers until at least 2031.
Sam White’s Freedom Services Group adds David Williams as first NED
Former Axa leader David Williams has joined Freedom Services Group, consisting of managing general agent Pukka, Freedom Brokers and claims management service Action 365, as a non-executive director, Insurance Age can reveal.
Lycetts continues growth trajectory
Lycetts has grown its turnover to £23.5m for the full year 2021 from £22.4m in 2020 according to documents filed on Companies House.
People Moves: 4-8 July 2022
Stay informed of the top personnel changes in insurance.
Biba adds Covéa as partner
The British Insurance Brokers’ Association has added Covéa Insurance to its roster of partners taking the total to 20.
Biba reports return to growth in 2021
The British Insurance Brokers’ Association has reported a £211,410 rise in net assets for 2021.
Towergate Underwriting hit with £3.3m suit by pub over non-paying Gable policy
Few Inns has launched court proceedings against Towergate over a Gable policy which failed to pay out following a fire at one of its pubs in 2015.
Thomas Carroll grows profit and revenue in 2021
Thomas Carroll achieved turnover of £12.9m for the full year 2021, an uptick of 10.6% on the £11.7m in reported in 2020.
Lorega finds “natural home” at Ardonagh
Lorega will go to the “next level” under Ardonagh’s ownership, former leader and current CEO of Vizion Insurance Brokers John Sims has predicted.
Broker Satisfaction Survey: Which insurer leads in the marine category?
CNA Hardy has secured first place in the Insurance Age Broker Satisfaction Survey – marine category, with NMU in close second and Lonham Marine coming in third.
Brown & Brown completes GRP takeover
US-headquartered Brown & Brown has completed the takeover of consolidator Global Risk Partners.
Staysure-owned Rock Insurance extends Axa Partners deal
Rock Insurance has developed its relationship with Axa Partners with a multi-million pound deal which will see the insurer underwrite a range of travel products.
Konsileo secures £4.7m in funding
Broker Konsileo has raised £4.7m in a Series A funding round led by Growth Tech VC Committed Capital.
Blog: FCA data update – a glimpse into the future
Michael Sicsic addresses the key points in the regulator’s latest data missive flagging “there really are going to be very few places for bad operators left to hide”.
Ardonagh buys Lorega
Ardonagh’s managing general agent segment Geo Underwriting has bought loss recovery insurance MGA and assistance specialist Lorega, Insurance Age can reveal.
Acturis boosts revenue and profit in 2021
Acturis grew revenues by 6.7% in 2021 to £111.9m, its 20th consecutive year of revenue growth.
CII group calls for mandatory broker qualifications
Rising stars of the insurance broking profession have called for the regulator to make it mandatory to have qualifications to advise clients on coverage.
Jensten Group renames and combines London Market proposition
Jensten Group has rebranded its London Market businesses which include Lloyd’s broker Senior Wright, and Lloyd’s and wholesale broker Tasker & Partners, as Jensten London Markets.