Broker
People on low incomes are giving up insurance due to ‘poverty premium’
More than half of people in poverty are finding it difficult to pay for their insurance, leading some to give up insurance as they prioritise food and energy bills, according to research by Social Market Foundation.
Coalition expands product line for brokers struggling to get cyber cover
Coalition has launched an excess cyber protection product in the UK.
RSA’s Mooney stresses ‘we have got a lot of work to do’ for better service
RSA’s managing director of UK commercial, Lee Mooney, has vowed to institutionalise a consistent service that shows appetite, ongoing ambition to grow and desire to be there for customers as the insurer targets adding 200 broker relationships on top of…
Interview: Biba CEO Steve White - Leading from the front
To coincide with the 10th anniversary of his appointment as CEO of the British Insurance Brokers’ Association, Insurance Age takes Steve White on a trip down memory lane.
People Moves: 6 – 10 March 2023
Follow the latest insurance personnel moves.
Aviva’s Winslow insists ‘we can do more’ to return broker service to pre-2019 levels
With rates continuing to rise, Adam Winslow, CEO of Aviva UK & Ireland general insurance has stressed that it can do more when helping brokers through the challenging market.
Rocketing commercial premiums piles pressure on SMEs
Recent figures from Acturis show that commercial insurers are continuing to increase the cost of cover across a range of core sectors.
Open GI sale not a cause for concern, say users
Treasurer of Open GI User Group, Mark Sollis, has told Insurance Age that the potential sale of the software house by its majority shareholder is not a cause for concern.
Brokers urged to check motor policy wordings amid boom in green parts
Brokers are being urged to ensure they are up to date with changes in motor policy wordings, as the trend is escalating for insurers to use green parts.
Hiscox “on the front foot” with brokers, says CEO Aki Hussain
Group CEO of Hiscox, Aki Hussain, has forecast further UK commercial growth, and a return to expansion in personal lines at the insurer in 2023.
Gallagher wins Knight Frank Finance account from Howden and Uinsure
Gallagher has won the contract to provide clients of mortgage and insurance advisory specialist Knight Frank Finance with insurance products.
Paul Moors teams up again with ex-Bollington chief at insurtech
Paul Moors has joined motor broking insurtech GoShorty in his first major role outside of the Arthur J Gallagher-owned Bollington business.
Opinion: How long have directly authorised independent brokers got left?
Lea Cheesbrough, managing director of Movo Partnership argues the appointed representative model is becoming the preferred choice for start-up brokers and increasingly popular among directly authorised firms looking to switch.
Profile: Katie Baker - Women in C-suite
Ahead of International Women’s Day on 8 March, chief operating officer at My First, Katie Baker, shares her route to the top, and the importance of vocal role models.
CII reveals planned service disruptions
The Chartered Insurance Institute has revealed that there will be disruptions to its membership and learning services while it transitions to a new customer and member relationship management system this month.
Thin end of the wedge – Could an FCA property commissions crackdown extend to all SME products?
Could the government’s plan to ban insurance commissions being taken by landlords, managing agents and freeholders on buildings insurance be extended to other lines? Saxon East looks at what might happen if this proves to be the start of something more…
McClarrons adds marine specialist Soak Insure as AR
North Yorkshire-based McClarrons Insurance Brokers has expanded into the marine market, taking on specialist Soak Insure as an appointed representative.
The runners and riders in the Open GI sale
Open GI is reportedly up for sale, with private equity shareholder Montagu wanting to exit. Who are the likely new investors?
Turnover down but profit up at Open GI for 2022
Open GI has posted a fall in revenue for the third year in a row in its results for the year ended 31 May 2022.
Saga’s exclusive Acromas sale talks collapse
Talks between Saga and Australian insurtech Open Insurance Technologies to sell underwriting business Acromas Insurance have ended without a deal, the over-50s specialist has confirmed.
People Moves: 27 February - 3 March 2023
Keep up to date with the latest personnel moves within insurance.
Code released to ease crisis in affordable premiums for tower block residents
The British Insurance Brokers’ Association and the Association of British Insurers have released a code for capturing risk information, one of the first steps in solving the crisis in affordable premiums for residents in tower blocks, Insurance Age can…
Polaris’s imarket hits new high with £322m premium in 2022
The number of policies traded on imarket, which connects broker software platforms to insurer systems for the placement of commercial lines, hit a record 497,883 in 2022, Polaris has revealed.
Howden to become broking powerhouse in the North after Reich buy
Reich will add bolt-on acquisitions, becoming the Northern hub for Howden’s expansion into the region, according to Aston Lark CEO Peter Blanc.