Insight
Stark FOI data reveals scale of broking’s gender diversity leadership gap
Broking’s lack of gender diversity in key senior management function roles has got worse since 2020 with the sector also falling behind the current low levels set by the FCA-regulated financial services industry, a Freedom of Information request by…
Headline makers: December 2022
The key stories from the past month all in one place.
The stats: Q3 - Feeling the squeeze as commercial continues to climb
Recent figures for Q3 from Acturis show policyholders remain under intense pressure as premiums rise across all business classes, reports Rachel Gordon
Ripe Thinking hires ex-Towergate duo to 'help drive growth'
Insurtech broker Ripe Thinking, has hired Simon Trott as chief operating officer and Rob Styring as chief financial officer.
RSA can no longer 'hide behind the screen' to engage brokers - Catherine Frost
Stakeholder engagement with brokers is a priority for increased visibility, according to RSA regional managing director Catherine Frost.
Opinion: Employee ownership - the pros and cons of different schemes
Co-founder and former director of Ten Insurance Services, James Sharp, shares his experience of three employee ownership schemes as the route becomes increasingly prominent in broking
Jensten Group snaps up UK motor broking specialist
Jensten Group has bought specialist broker Bellegrove, boosting its presence in UK motor trade and fleet insurance.
People Moves: 5 - 9 December 2022
Keep up to date with the latest personnel changes in insurance.
Broking Success: Partnership power
Stuart Reid, non-exec chair of Partners&, explains why a penchant for buying does not make the broker a consolidator and how staying true to its founding ideals has helped it grow – with more to come
Aon’s Jane Kielty named deputy chair at Biba
The British Insurance Brokers’ Association has confirmed Aon’s chief commercial officer Jane Kielty will become its deputy chair on 1 January taking over from Laura Hancock.
Miller launches new D&O product
Miller has launched D&O Construct, a new product for the UK construction sector, designed with Dual.
Union calls for urgent action amid FCA staff morale “collapse”
The Financial Conduct Authority needs urgent staff reform amid a collapse in morale that means it cannot regulate effectively, union Unite has claimed.
News analysis: What next for brokers amid FCA premium finance crackdown?
The Financial Conduct Authority’s premium finance crackdown threatens a significant revenue earner for brokers. Big players with strong balance sheets are making moves
ICO fines five firms £435,000 for unlawful “white goods insurance” marketing calls
The Information Commissioner’s Office has fined five firms a total of £435,000 for making nearly half a million nuisance calls trying to sell white goods insurance.
Biba and CFC publish new cyber risk guide
The British Insurance Brokers’ Association has worked with CFC to publish a new guide to help brokers and small businesses understand the prevailing cyber risks.
Markel first to partner with Zywave on broker briefcase expansion
Zywave has revealed an extension to its broker briefcase allowing insurers, MGAs and third parties to insert their broker-focused content directly into the workflow of a broker.
Stubben Edge buys Insurercore
Stubben Edge Group has bought tech enabled distribution platform Insurercore.
Zurich names David Nichols UK head of retail after David Martin exit
Zurich has appointed David Nichols as UK head of retail moving across from being chief claims officer.
Chaucer launches new ESG ‘scorecard’
Chaucer has rolled out an initiative to measure the environmental, social and governance performance of clients and business partners.
FCA outlines rogue financial promotions clamp down
The Financial Conduct Authority has proposed new measures to stamp out illegal, unfair or misleading financial marketing.
Aston Lark expands Early Careers Programme in national push
Aston Lark has launched the second wave of its Early Careers Programme and committed to expanding the number of recruits to up to 80 in 2023.
Biba’s website down ahead of scheduled Tuesday relaunch
The British Insurance Brokers’ Association website is down, as the association states a new and updated website to be launched Tuesday.
RSA set to launch low-carbon underwriting policy
RSA has revealed a new low-carbon underwriting policy and has committed to achieving an underwriting portfolio production that is over 75% low carbon by 2030.
Xenia buys trade credit specialist Linda Scott Associates
Xenia Broking Group has signed up to buy the trade credit insurance business of Glasgow-based Linda Scott Associates in a deal expected to complete on 22 December.