Broker
Suspected ‘ghost broker’ under arrest
Police arrested a man yesterday (27 May) for selling fraudulent car cover and offering it to NHS workers at a discount.
Scam FCA email targets brokers
Compliance organisation RWA warned clients of a compliance survey email claiming to be from the regulator.
Ageas partners with Victor in £60m capacity deal
Agreement sees the insurer provide capacity for Victor's products across agriculture and the third sector over the next five years.
Covid-19: BSI launches guidelines for safe return to work
Body says document is sector neutral and aligned to and complement the UK government guidance.
Insurance Covidcast episode 17: As coronavirus hits has Brexit planning fallen by the wayside?
Our expert panel warns that brokers with EU trade who haven't acted already may have left it too late.
Deal opportunities grow for Towergate as brokers seek to sell amid pandemic
Towergate’s Joe Thelwell discusses the broker’s Q1 2020 deals and reveals he is receiving calls from brokers wishing to sell as coronavirus exacerbates the hardening market.
Public trust in insurance was up before Covid-19 hit
CII survey shows SMEs and consumers valued loyalty over knowing what an insurance policy covered and excluded, as body suggests experiences with claiming for coronavirus-related losses will impact trust in the sector.
Insurance Covid-Cast episode 16: “From feast to famine in ten days” – How the travel insurance sector is dealing with the Coronavirus with no sales
In the latest episode of Post and Insurance Age’s video series we gathered together a group of travel insurance experts to discuss how the travel insurance sector is coping with a “tsunami of claims” and whether it will bounce back post-pandemic.
Blog: Private prosecutions in the fight against insurance fraud
Law firm EMM reports that £1.2bn in dishonest claims were recorded in 2018 and details how providers are hitting back.
Axa to pay French Covid-19 BI claims after court ruling – reports
Updated: The insurer will pay out to restaurants following a court decision that it must pay one owner two months worth of coronavirus-related cover.
Market hardening fast-tracked by Covid-19 crisis
Experts say the insurance sector has been “traumatised” by the prospect of unintended coverage for business interruption related to coronavirus.
Blog: An underwriter's guide to developing a scheme
Ecclesiastical's Will Browne, outlines the key steps for successful delegated authority.
Head Lines: Mental health support for insurance workers
As Mental Health Awareness Week draws to a close Insurance Age asks what employers are doing for the people keeping the industry moving as they cope with Covid-19.
UK Broker Awards 2020: Final days to enter
The event, which celebrates the best in UK broking, is accepting submissions until 26 May.
Insurance Covid-Cast episode 15: Has there been a rise in cyber threats and scams during Coronavirus lockdown?
In the latest episode of Post and Insurance Age’s video series we gathered together a group of cyber experts to discuss how hackers and scammers are using Covid-19 to prey on people’s thirst for knowledge and information at this time.
Biba brands Mactavish claims "opportunistic" and "wholeheartedly disputes" them
Trade body says brokers are acting in their customers' best interests and are following FCA rules on remuneration.
Brokers under fresh attack due to “huge conflict of interest” over commission
Report claims brokers receive up to 80% of their remuneration from insurers with Mactavish saying more businesses are “questioning the role their brokers play" as coronavirus crisis "brutally exposes" problems in the market.
Ardonagh reports Q1 results
The business highlighted Ebitda and acquisitions as it points to “limited” Covid-19 impact.
FSCS broker fees £5m lower than predicted
The levy will be £18m falling from the indicated £23m, however, it is still more than the £12m collected last year.
Brokers warned to keep eye on Brexit as transition looms
There is no provision for equivalence in the IDD and this means brokers with EU clients need to set up EU entities to trade in the bloc.
UK Broker Awards: Complete your submission today
The deadline of Friday is fast approaching, so, if you have started an entry don’t forget to finish it this week!
Opinion: Where is our North Star? Solutions not gestures are what we need now
Brightside's Brendan McCafferty calls for a guiding light for the sector and warns that, if the market fails to get its Covid-19 response right, there could be hell to pay.
People Moves round-up: 18 - 22 May 2020
Keep up to date with the latest people moves.
How are brokers ensuring business continuity amid Covid-19?
James Daly, director of Ravenhall Risk Solutions, tells the Applied Systems team how businesses can protect themselves through the coronavirus outbreak.