Broker
Should brokers go down the employee ownership route?
Experts say employee ownership increases staff retention and encourages staff to work together, but take-up among brokers is low.
IPT untouched in latest Budget
While the tax cut on flights ahead of COP26 grabbed headlines, brokers breathed a sigh of relief as hated insurance premium tax remained at 12%.
Fidelis opens trading floor in London
The Bermuda-based specialty insurance and reinsurance provider said its new operation would enable brokers to meet with its underwriters, actuaries, wordings and claims specialists to discuss 57 lines of business.
Lloyd's joins the Net Zero Insurance Alliance
Corporation commits to the transition all of its operational and attributable greenhouse gas emissions to net zero by 2050.
Aston Lark buys Bainbridge Collins in Birmingham
Consolidator says latest deal will enhance its mid-corporate capability in the West Midlands.
NFP buys Wolverhampton broker
The US-based company adds Top 100 business KGJ Insurance Services Group to its stable at it continues its expansion in the UK.
Are you ready for Broker Expo?
The agenda for the event, which takes place on 11 November, has been revealed so sign up today and secure your place.
LawSure makes leadership changes
Mandy Brown takes over as managing director as Brian Hall moves to become executive chairman of the specialist broker.
Percayso unveils no-code data enrichment product
The solution is available to brokers, insurers and MGAs across personal and commercial lines.
Biba hopes "win-win" flood directory will help improve industry reputation
Executive director Graeme Trudgill says signposting service is a chance for the industry to come together and urges brokers to get involved.
New JM Glendinning MD reveals "ambitious but achievable" growth plans
Jake Fox discusses his plans for JM Glendinning after taking over the MD role from Nick Houghton, who became CEO of the JMG Group following its MBO last year.
Thomas Carroll buys Cardigan broker
Delwyn Griffiths has joined the independent insurance broker.
PIB expands into Spain
Consolidator buys Cicor in its first acquisition in the Spanish market as it continues its European expansion.
GRP takes stake in Hedron member
All Med Pro is GRP's first minority investment with a network member.
Aston Lark buys Absolute Products in 24th deal of the year
Latest acquisition comes after it was announced that Howden is to buy the consolidator, creating a £6bn GWP giant.
People moves: 18-22 October 2021
Keep up to date with the latest people moves.
Biba, ABI and Flood Re open registration for flood directory
The directory is set to launch later this year and the organisations are now calling for specialist brokers and providers to register to be part of the service.
FCA warns brokers have "failed to understand" impact of product governance rules
In a Dear CEO letter to the industry, the regulator highlights that the rules, which came into force on 1 October, apply to all personal and commercial lines brokers.
Motor premiums stabilise as telematics grows
Data from Consumer Intelligence reveals that 1 in 4 cheapest motor insurance quotes are provided by telematics firms, and while motor premiums plunged 9.4% in the last 12 months, prices are now beginning to stabilise.
Seventeen Group expects further growth in 2022
CEO Paul Anscombe flags how M&A and organic growth are helping the business expand despite the £670,000 cost of Covid.
iRevolution buys BG Insurance
CEO Mark Rigby has said the acquisition of BG Insurance would give the business further expertise in other areas of the non-standard motor market.
Gallagher faces legal action over response to ransomware attack
Broker faces class action in the United States following a cyber breach in September 2020 which also saw personal data of individuals in the UK being accessed.
CII consults members on its future
The move is designed to refresh its 2016 manifesto and follows criticism from local institutes on the body’s strategy.
Motor premiums continue to fall in Q3
Premiums are the cheapest they have been since mid-2015, but the rate at which prices are falling has slowed in the last three months, according to Confused/Willis Towers Watson.