Broker
UK Broker Awards – Meet the Shortlist – Broker of the Year
Broker of the year goes to the best of the best and this year is sponsored by Markerstudy.
Aston Lark buys PHM
The deal adds around £4m in GWP and sees Aston Lark push further into employee benefits.
Lloyd's commits to female representation target
Market also launches Culture Dashboard and is set to undertake a second annual survey in October following heavy criticism of its culture in 2019.
BI court case judges aiming for draft judgment in mid-September
Lord Justice Flaux has confirmed the middle of September as the target date for a draft judgment in the business interruption court case brought by the Financial Conduct Authority against UK insurers.
Pen increases solicitors’ PI capacity to more than £100m
The backing comes from A-rated capacity and lasts for three years.
Lloyd’s Dive In festival opens registration
The diversity event is taking place virtually this year and has speakers including the first British astronaut Helen Sharman and BBC presenter Naga Munchetty.
Finnish provider in cash offer talks with Hastings
Sampo Oyj has approached the business along with Rand Merchant Investment Holdings.
QC accuses FCA of failure to show causal connection between government action and the disturbance to the insured businesses
Insurers argued the Financial Conduct Authority is “unable to demonstrate” any meaningful connection between the action taken by the UK government on a national basis in response to Covid-19 pandemic and the locality of firms’ premises, as the court…
FCA reveals vulnerable customer guidelines
Insurance Cares: The watchdog has called on financial services firms to do more to ensure vulnerable customers receive positive outcomes as it consults on guidance.
Unprecedented challenge for broker PI as prices double and exclusions threaten non-compliance
News analysis: Experts question legality of Covid-19 exclusions in brokers' PI policies and warn of trouble with doubling of premiums, providers reducing capacity, as compliance specialists call on the FCA to make it clear whether Covid-19 exclusions are…
Marsh Commercial offers cashback to former personal lines customers
Exclusive: The broker has handed back cash following an internal review and admits some clients were not offered the most competitive terms between 2012 and 2018.
MGAs failing to deliver on data
Survey by the MGAA and Aventus shows fewer than a third provide brokers with customer data for account-based marketing and cross-selling.
Covid-19: FCA seeks to extend measures to help insurance customers who are struggling financially
The regulator wants the measures, which require firms to consider premium reductions and payment deferrals, to be extended to 31 October.
Integro-owned Tysers appoints CEO
Clive Buesnel has joined the broker from a head of insurance role at Deloitte.
RSA QC lambasts ‘clear misuse’ of the word ‘peril’ by action group
Representing RSA, David Turner QC, accused the Hospitality Insurance Group Action of “clear misuse” of the word ‘peril’ on the on the fourth day of the hearing of the Financial Conduct Authority’s Covid-19 business interruption test case.
Blog: Insurance in the danger zone
The FCA BI case is dragging the reputation of the whole insurance sector through the mud. Ashwin Mistry reflects on how trust can be restored.
Lloyd’s approves syndicate to insure transportation of Covid-19 vaccine
The syndicate-in-a-box is supported by Ascot, Axa XL and McGill and Partners.
Hiscox blasted by QC over policy interpretation
The arguments set out by Hiscox in its defence over non-payment of business interruption arising from Covid-19 are too narrow, unrealistic and uncommercial according to Hiscox Action Group.
Action group brands insurers' focus on lack of specific pandemic cover 'a diversionary tactic'
Insurers’ repeated argument that policies were not intended to cover pandemics has been described as “a diversionary tactic” on the third day of the Financial Conduct Authority’s business interruption test case.
S&G Risk Solutions buys BLW Insurance Brokers
The deal is S&G's first after it was formed in March 2020 with the aim to support smaller brokers.
FCA picks apart insurer reliance on Hurricane Katrina judgment in BI test case
On the second day of the Financial Conduct Authority’s business interruption test case, the regulator’s lawyers argued there are key issues with the Hurricane Katrina Orient Express judgment insurers are expected to lean on during the case.
CMA launches official inquiry into Ardonagh’s Bennetts deal
The regulatory body must make a decision on whether to refer the merger for further investigation by 16 September this year.
Ex-Kwik Fit and Sure Thing! boss Devine joins Ceta-owner Atec Group as CEO
He replaces John Bibby, who has stepped down from the business but remains a shareholder.
AllClear launches travel package with Covid-19 cover
The product is backed by Mapfre and AllClear CEO Chris Rolland confirms it is available for other brokers to sell.