Broker
"End of an era" as Phil Bayles moves from Aviva to Ardonagh
Brokers say they are "confident" that Gareth Hemming will enable a continuity of strategy at Aviva as they react to Phil Bayles' surprise exit from the provider.
Insurance Age Top 100: Are you eligible?
Planning for the expert supplement has begun, so if you’re an independent broker with GWP over £12m, and haven’t been invited before, please do get in touch.
CII creates Presidents Forum to assess customer needs
Aon UK's Julie Page will chair the group which has been developed to discuss the changing insurance needs of consumers and SME businesses with the aim of creating guidance and key actions for further development.
Analysis: The rise of pay-as-you-go insurance
As demand for flexible on-demand insurance products is accelerated by Covid-19, Insurance Age investigates what the challenges and opportunities are for brokers.
MPs call on government to assume contingent liability for live events
A number of planned events, such as the festival Boomtown, have already been cancelled due to lack of cover as pressure mounts on the government to step in.
FCA proposes £7.5m BI special fee for insurers in levy consultation
The fee relates to legal costs following the BI test case and is part of a raft of proposed changes relating to fees and levies ahead of publication of the watchdog's budget for 2021/22.
CII reports loss for 2020 due to "significant" pandemic impact
The professional body also saw a drop in membership numbers during the year.
Aviva's Phil Bayles exits the insurer for a role at Ardonagh Group
Bayles will take up the newly created role of chief commercial officer for Ardonagh Advisory, focusing on placement and growth initiatives such as M&A as well as overseeing Compass and Broker Network.
Alsford Page & Gems fined over appointed representative failures
The watchdog said the broker did not have adequate oversight and warned that it is increasingly seeing examples of “misconduct” stemming from principals’ failure to monitor their appointed representatives appropriately and flags AR fee consultation.
Macbeth buys Buckinghamshire broker
Its buy of Peter Lole takes its GWP up to £23m.
Momentum turnover rises to £7.8m in 2020
MD Howard Pepper says that several factors enabled the company to achieve growth despite the challenges presented by the pandemic.
Motor premiums see biggest drop since 2014
The pandemic along with pricing action needed to meet the FCA's crackdown on dual pricing is expected to cause continued uncertainty in the motor market, according to Confused/Willis Towers Watson.
Kingfisher confirms Fresh brands-sale to Right Choice
The sale includes Fresh-brands Autosaint, Ladybird and First Van.
Video: Risk insights - the broker client relationship
Aviva's chief sales and marketing officer Phil Bayles explains the impact of remote working during the Covid-19 pandemic and how brokers are seeking ways to best advise their clients in the new normal.
People Moves: 19 - 23 April 2021
The key job changes in the world of insurance this week.
Kingfisher tipped to sell Fresh brands to Right Choice amid court battle
Kingfisher (formerly Vantage) bought Fresh in 2018. The sale follows Kingfisher taking the Fresh-sellers to court alleging it had been “induced to enter into the purchase by fraudulent misrepresentations made by and/or on behalf of the warrantors”.
Brokers adopt climate change initiatives
Following Aviva’s pledge to be the first major insurer worldwide to achieve net zero carbon emissions by 2040, Insurance Age looks into what this might mean for brokers, and how they plan to adapt their strategies to a more climate-aware business model.
Atlanta snaps up Be Wiser
Move follows redundancies and a number of management exits at Be Wiser and will see the personal lines broker operate alongside Swinton, Autonet, Carole Nash and Marmalade.
Video: Risk Insights - understanding the interconnected risk landscape
Aviva's interim managing director of commercial insurance, Nick Major, discusses three of the top ten risks facing UK businesses as outlined on Aviva's Risk Insights Report: business and supply chain interruption and loss of reputation and brand value.
Aston Lark buys O’Loughlin Insurance Group in Ireland
Aston Lark Ireland CEO Robert Kennedy says further acquisition announcements are "imminent" as broker makes its second Irish deal of the year.
Ardonagh Specialty reveals capacity deal with Beazley
Business says cross class follow capacity solution will benefit Price Forbes clients across cargo, specie, terrorism, financial products, healthcare and marine.
MHIB and Biba launch largest ever insurance mental health survey
Head Lines: The survey will benchmark the health of people working in the insurance sector for the first time.
Video: Risk Insights - the evolving cyber risk
Aviva's interim managing director of commercial insurance, Nick Major explains how cyber attacks are becoming more prevalent and how the insurance industry can protect businesses against these new risks.
SSP confirms job cuts as CEO Stephen Lathrope exits
CTO Kevin Gaut and COO Jim Sadler have also left the software provider, following the recent sale of SSP to Volaris Group.