Headline makers - May 2023
The hottest stories from 1 to 30 April.
The top 5 most readCovéa jobs at risk amid £145.5m loss
https://www.insuranceage.co.uk/broker/7952836/covea-jobs-at-risk-amid-ps1455m-loss
Aviva and GRP heal wounds with new deal
https://www.insuranceage.co.uk/broker/7952856/aviva-and-grp-heal-wounds-with-new-deal
FCA cracks down on MGA for unfair fees
https://www.insuranceage.co.uk/broker/7952770/fca-cracks-down-on-mga-for-unfair-fees
FCA announces overhaul in broker property commissions amid market failure
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Partners& launches apprenticeship scheme
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Biba Conference 2024 countdown: Charles Taylor’s James Savill
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JMG seals second deal of the week
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Flood Re raises levy and liability and loss limits
Flood Re has increased the annual insurance industry levy by £25m to £160m from next April, in a string of changes it said were designed to keep flood insurance available and affordable.
Ardonagh strikes A$2.3bn PSC deal
Ardonagh has signed up to buy Australian-headquartered PSC Insurance Group including its Top 100 UK broker.
Biba reduces burden for board members after agreeing special resolution
The British Insurance Brokers’ Association (Biba) has recruited some new people to its main board and agreed to changes to make the commitment of those involved with all of its committees less onerous, including fewer meetings.
Cost-of-living crisis pushes up premium finance demand
New research has found almost 60% of UK brokers agreed the proportion of commercial lines clients choosing premium finance to pay for their insurance will increase over the next 12 months. Rachel Gordon reports
Biba Conference 2024 countdown: RSA’s Steve Scott
Steve Scott, regional director at RSA Insurance, explains why he’ll be moving between two stands, the irony of listening to James’ ‘Sit Down’ and the importance of partnerships in tackling the challenges ahead.
Most read
- Acrisure expands in southern England with two buys
- Ardonagh strikes A$2.3bn PSC deal
- Biba Conference 2024 countdown: RSA’s Steve Scott