Broker
JMG Group buys GS Group
JMG Group has added GS Group to its portfolio of Scottish brokers.
Cyber insurance costs doubled in a year - Howden
Howden’s annual report on cyber has revealed the average cost of cyber insurance has doubled since last year due to an extreme supply-demand imbalance.
Allianz agrees to sell majority stake in Russian operations
Allianz has agreed to sell a majority stake in its Russian operations to Interholding, the owner of Russian insurer Zetta insurance.
Momentum reveals £100m GWP goal
Appointed representative network Momentum is targeting £100m in GWP in the next three to five years, according to managing director Howard Pepper.
Blog: Chubb Masterpiece – The class of 1996
As the HNW space undergoes change with Aviva moving further into the market, HNW expert John Sims has reflected on the talented team he worked with at Chubb’s Masterpiece brand through 1996 to 2007 and asked, ‘where are they now?’
Interview: Sue Langley, chair of Gallagher UK
The Gallagher leader discusses her time in the job, making deals and the insurance sector’s need for talent along with sharing her views on improving diversity and inclusion in the market as well as how she coped with lockdown.
Earnix CEO warns on red flags
If a technology provider wants to change everything a company has done then it is most likely to be a “red flag”, Earnix CEO Udi Ziv told Insurance Age.
Clear sets £500m GWP target after Centor buy
Clear Group has set a £500m gross written premium target for the next couple of years after it achieved its £300m goal after snapping up Centor.
Accredited deal sees QIC exit, Policy Expert confirms
Policy Expert’s capacity deal of up to £2bn over six years with Accredited Insurance will replace its existing arrangement with QIC Europe when the current contract expires, the business has confirmed to Insurance Age.
People Moves: 30 May - 01 June
Keep up-to-date with the latest job changes in insurance.
Blog: Real estate brokers tap into claims data in response to hard market
Victoria Jewell, of McLarens, explores the impact of brokers on the billion-pound real estate market.
Clear buys Centor
Clear Group has bought Centor Insurance & Risk Management for an undisclosed sum.
GRP-owned Marshall Wooldridge buys Bush & Associates
Global Risk Partners’ Marshall Wooldridge has bought Insurefirst which trades as Bush & Associates.
Allianz tops Brokerbility insurer service survey
Allianz has been awarded the highest overall satisfaction rating with a score of 74.9% in the latest survey of members by Brokerbility.
FCA reveals D&I and AR delays
The Financial Conduct Authority has delayed its consultation paper and policy statement on diversity in financial services as well as a policy statement on reviewing the appointed representatives regime.
Regional brokers spy growth in real estate
The regional real estate market is in rude health, with six in 10 brokers (56%) reporting growth over the past 12 months, and one in six (16%) reporting significant growth, according to Ecclesiastical.
Biba pushes back against FCA letter
The British Insurance Brokers’ Association has criticised the tone taken by the Financial Conduct Authority in its letter to brokers and promised to respond to the watchdog to defend the work done by the sector.
Igo4 highlights benefits of robotic process automation
Igo4 has flagged how the implementation of robotic process automation has helped drive efficiency in the business and freed up staff to work on high value tasks over repetitive, monotonous operations.
Momentum grows turnover and profit as it tops £50m GWP
Appointed representatives network Momentum has reported turnover of £9.9m for 2021, up from £7.8m in 2020.
Biba welcomes FSCS fee cut
The British Insurance Brokers' Association has welcomed the Financial Services Compensation Scheme's decision to lower the broker levy from £68m to £5m for 2022/23.
People Moves: 23-27 May 2022
Keep up-to-date with the latest job changes in insurance.
Disappointed FCA warns brokers on consumer harms
The Financial Conduct Authority has written to brokers warning there are significant risks of potential harm that both the market and individual firms need to address and that it will take action where needed.
Broker FSCS levy plummets to £5m for 2022/23 from expected £68m
The Financial Services Compensation Scheme has cut brokers’ levy contribution to £5.3m for 2022/23 as it cancelled a planned retail pool contribution.
Cyber pricing hardens over 30%, says Aon
Market conditions for cyber insurance in the UK remain challenging with prices hardening by over 30% for the first quarter, according to an update by Aon.