Insight
Allianz puts Home & Legacy up for sale
Allianz is exploring options for Home & Legacy which could include a sale with high net worth not being seen as a core strategy for the current owners, Insurance Age can reveal.
People Moves: 9 - 13 May 2022
Keep up-to-date with the latest job changes in insurance.
RSA’s Alex Hardy commits to developing the right products for brokers
The sales and distribution director said that the insurer was focused on creating the products brokers need as it works to improve its broker proposition.
Biba reveals 2023 conference dates
Huw Edwards, BBC Broadcaster and Biba Conference host, has confirmed that the trade body plans to return to Manchester Central next year for its conference and exhibition on Wednesday 10 and Thursday 11 May 2023.
Acrisure lifts the lid on network rollout and broker buying plans
Acrisure is forming a network and its application to the Financial Conduct Authority is “going in now”, president of UK retail Mark McIlquham, has revealed.
BHL-backed Coral Insurance opens for business
Specialist legal expenses provider Coral Insurance, backed by Allianz, began trading this week with the aim of making LEI a “valued, must have” for UK consumers and targeting 15% of the market.
FCA does not want to be a price regulator, says Sheldon Mills
Sheldon Mills, executive director – consumers and competition at the Financial Conduct Authority, has stressed to brokers that the watchdog does not want to be a price regulator.
Editor letter - May 2022: Climate consideration
Why aren’t more brokers thinking about Net Zero?
Amanda Blanc reveals sexism got worse as she took more senior roles
The Aviva CEO responded to a story which showed that Aviva chairman, George Culmer, chided shareholders for inappropriate comments about Blanc and female board members at a recent AGM.
Biba launches underinsurance guide
The British Insurance Brokers’ Association has launched a guide to support brokers in helping their customers avoid the risks associated with being underinsured.
MGAA boss Keating pushing for more as membership growth continues
The Managing General Agents’ Association is approaching 350 members with plenty of scope remaining for further growth, CEO Mike Keating told Insurance Age.
Ardonagh launches internship and graduate scheme
The Ardonagh Group has launched Ardonagh Academy in partnership with the Centre for Creative Leadership.
GRP buys Durham-based Castle Insurance Services
Global Risk Partners has bought 100% of the share capital of Castle Insurance Services as the consolidator targets growing its presence in the North East.
Biba urges FCA to step in as Lloyds moves to close undesignated client money accounts
The British Insurance Brokers’ Association has contacted the Financial Conduct Authority asking the regulator to intervene over Lloyds Bank’s move to close undesignated client money accounts for some members, Insurance Age can reveal.
Blog: Is the industry focusing enough on customer needs?
Nic Brown, of Markel, argues that meeting the needs of customers may have slipped as a priority for the industry during the current hardening market and rising premium inflation.
The tech toolbox: What do brokers need?
Technology has improved in leaps and bounds over the past several years, yet what exactly do brokers need in their technological toolbox in order to succeed in today’s insurance climate? Eleanore Robinson reports
DR&P buys Channing Lucas & Partners
DR&P Group bought a 90% stake in Lloyd’s broker Channing Lucas & Partners late last year, according to a filing at Companies House.
Carlyle funds buy NSM in £1.44bn deal
White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with global investment firm Carlyle the former majority backers of PIB Group.
Biba launches drone scheme
The British Insurance Brokers Association has teamed up with Coverdrone to offer its members access to drone insurance products.
Investec enters premium finance space
Investec Premium Finance focuses on providing funding for commercial insurance policies and accommodating personal lines, all offered via regulated insurance brokers.
Clegg Gifford buys ARs to expand branch network
Markerstudy-bound Lloyd’s broker Clegg Gifford is targeting a branch network of 30 and is buying up its current appointed representatives, Insurance Age can reveal.
David Williams joins Qlaims in first NED role
Former Axa leader David Williams has joined Qlaims as a non-executive director, Insurance Age can reveal.
AUB Group to purchase Tysers for £500m
The Lloyd’s wholesale broker has entered a binding agreement to be bought by AUB.
Broking Success: Strength in Scotland
Director Tom Yorke recounts his route from Giles to investing in Blue Rock Insurance Brokers, growing organically and competing on quality with the ethos of not doing speculative quotes as well as the opportunities for the Scottish broker as it targets…