Broker
People Moves: 12-16 September 2022
The latest personnel changes within the insurance industry.
Car damage inflation cooling off - Jefferies
Jefferies’ UK motor insurance tracker has revealed that car damage inflation has dropped and is now at 7% year-on-year as the group maintained its forecast of a combined operating ratio of 116% for the market in 2022.
PIB revamps top team with Amwins and Aon hires
PIB Group has promoted Ryan Brown to deputy CEO, appointed Onno Janssen as CEO for Europe, and recruited Matthew Crane as CEO for underwriting with Bernard Mageean retiring among a string of executive management changes, Insurance Age can reveal.
Edwards Insurance Brokers expands into Hampshire
Edwards Insurance Brokers has opened a new office in Fareham on the back of pandemic recruitment.
The stats: Q2 2022 - Pricey premiums pile on the commercial pressure
There have been rises across all classes, except fleet, as recent figures from the Acturis Commercial Lines Index reveal, putting pressure on companies. Rachel Gordon reports
Coversure Poole owner John Palmer buys Croydon franchise
Owner of three Coversure franchises, John Palmer, has purchased Coversure Croydon with plans to buy more.
TL Dallas posts 10% profit rise in 2021
TL Dallas Group has reported a 5.1% rise in turnover to £9.78m in 2021.
Ex-Hiscox UK CEO Thaker joins Abacai as Complete Cover CEO
Bob Thaker, the former UK CEO of Hiscox, has taken over as CEO of insurtech Abacai’s broking business Complete Cover Group, Insurance Age can reveal.
Broking Success: From football to insurance
Managing director of Mason Owen Financial Services, Andrew Gibbons tells Insurance Age how he went from being a semi-professional footballer to entering the world of insurance
In Depth: Underinsurance - data, analytics and trading
Sam Barrett explores how new technology is helping to prevent underinsurance and boost trading
Mistry warns brokers over cost of living crisis as he launches new agency
Ajay Mistry, a board member at the Society of Insurance Broking, has told Insurance Age that brokers need to look after their staff during the cost of living crisis.
Stubben Edge secures £5.6m investment
UK-based Insurtech Stubben Edge has secured a £5.6m investment which it said will be used for further growth through new business and an “ambitious” M&A strategy.
Biba and FCA call off events in light of Queen Elizabeth's death
The British Insurance Brokers’ Association and the Financial Conduct Authority have decided to postpone events that were scheduled before the funeral of Queen Elizabeth II.
People Moves: 5-9 September 2022
Keeping you up to date with the latest insurance moves.
In Depth: Underinsurance and the value of risk management
Sam Barrett explores the threat of increasing underinsurance amid a cost of living crisis and asks how brokers can help their clients and ensure they are covered to the right level
Biba sets out top three broking wish list for new PM
The British Insurance Brokers’ Association is hoping for proportionate regulation, the introduction of an enhanced growth and competitiveness objective for regulators and changes to IPT, CEO Steve White told Insurance Age setting out its wish list for…
Video Q&A: Steve Molloy, AX – Supply chain shortages and the impact on motor claims
Steve Molloy, director of commercial sales at AX UK talks to Insurance Age about recent global supply chain issues in the motor industry and its effects on claims servicing.
Opinion: Welcoming greater broker involvement with loss adjusters
Recently appointed Cila leader David Ross on the drive to have the majority of members achieve chartered status.
Analysis: Insurance dives deeper into returners talent pool
With an increasing number of insurance companies offering returners programmes Emmanuel Kenning looks into the benefits for all concerned as experts encourage even more firms to access this relatively untapped source of talent
The FCA argues back at financial inclusion being included in mandate
The Financial Conduct Authority has responded to a Treasury Select Committee report on the Future of Financial Services Regulation disagreeing with the recommendation that it should ‘have regard’ to financial inclusion.
Drop in complaints to FOS but buildings and motor insurance feature in top five
Buildings insurance and car/motorcycle insurance have featured in the Financial Ombudsman Service’s top five most complained about products for the first quarter of the financial year.
SRG completes Hamilton Leigh buy
Specialist Risk Group has completed the acquisition of motor-trade specialist Hamilton Leigh for an undisclosed sum.
Howden claims "world-first" with voluntary carbon credit insurance launch
Howden has launched a voluntary carbon credit insurance product designed to give buyers and sellers of high-quality, verified carbon credits greater certainty.
DR&P Group strikes five deals in 2021 after Inflexion investment
Broker holding company DR&P Group made five acquisitions in 2021 after private equity house Inflexion invested in the business and secured funding from Ares Management, a filing at Companies House has revealed.