Insurance Age - 2010-05-05
In 2004, Kathryn Moon nee Dunsmore became the second individual to accept the Young Broker accolade.
The Biba goalposts changed in 2005 when it extended its under-30 age limit, allowing 35 year old Matthew Pyke to secure the award.
Roshan Choolhun was 26 when he was named as Biba's number one Young Broker in 2006.
The rapidly changing world is presenting fresh challenges for brokers. Keith Hector discusses how they must embrace developments in order to prosper and explores what insurers can do to enhance service.
Edward Murray traces Quinn Insurance's somewhat chequered history and asks why regulators allowed it to remain an approved insurer for so long before finally forcing it into administration last month.
Stranded in Toulouse in the thick of the travel chaos, Martin Friel explains why it is public trust in the insurance industry, as well as the Eyjafjallajokull volcano, that has gone up in smoke.
Anne Hudson outlines the benefits of commercial insurance e-trading and urges brokers to embrace web self-service or risk being left on the shelf
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A monthly look at who is moving where...
Capita Insurance Services set its sights on becoming the largest niche motor broker in the UK, according to the managing director of its most recent acquisition Sureterm Direct.
It's been a while since the ghost of Michael Bright has haunted the insurance industry but he recently popped up in the most unexpected of places.
The three major parties were accused of treating the small business sector as a "political football" ahead of the general election.
Brokers have been warned of the perils of non-disclosure following a recent court case involving commercial high-risk broker Miles Smith.
The managing director of Liverpool-based Powell Insurance Brokers, Eliot Powell, has left the company, a mere 18 months after selling up to Oval.
Quinn Insurance has been given permission to re-enter the UK market despite an earlier decision by the Irish regulator preventing it from writing new business in the country.
Heath Lambert has boosted its retail division by appointing former Equity Direct managing director, David Birch, as sales director to oversee the development of personal lines affinity relationships with major global companies and high-street brands.
The insurance industry's exposure to the eruption of the Eyjafjallajökull volcano in Iceland will be limited despite the widespread disruption caused to the aviation industry.
The chief executive of legal expenses insurer Das has slammed industry speculation that it may be looking to pull out of the UK as "absolute nonsense".
RSA has vowed to get its small to medium-sized enterprise (SME) offering right as the market expressed scepticism that it could deliver on its ambition to become a top three player in the sector.
Allianz Commercial has signalled its intent to work closely with regional brokers to grow its motor trade book by 11%.
The cash plan market could overtake private medical insurance (PMI) in the corporate sector after providers reported significant growth in intermediated sales.
The 2010 UK Broker Awards are open for entries. Now in their 17th successful year, the awards are the UK's only broker-focused industry event, recognising excellence and innovation in the sector, from small local brokers to strong regional and national…
Industry experts have voiced conflicting opinions over whether a recent rise in insurance market acquisitions signalled a return to the frenzied purchasing of the past or was merely a "blip".
Brokers have been urged to take full advantage of the recession-fuelled growth of sole traders as demand for cover for 'cottage trades' increases.
Axa Insurance has made a number of specialist appointments as part of a £200m business development drive to grow its small to medium-sized enterprise (SME) and mid-corporate business.
Brokers have been warned they face heftier fines from the taxman following the introduction of a new penalty regime.
LV Broker managing director, Phil Bunker, has set a target of £100m gross written premium (GWP) for the insurer's small business book by the end of the year as it announced a dramatic turnaround in its financial performance.
The third annual Insurance Race Day at Kempton Park on 20 April gave the insurance industry ample opportunity to catch up with old friends and colleagues and make new business contacts.
Although car insurance premiums have stalled in the first quarter of 2010 they are expected to rise steeply during the rest of the year, according to research.
The Financial Services Authority (FSA) runs the risk of appearing arbitrary as it delivers on its promise to get tough, according to law firm Reynolds Porter Chamberlain (RPC).
An underwriting vehicle has been launched to cater for a 'new generation' of data security exposures that are not currently recognised by many insurers.
Honda UK has appointed Equity Direct Broking (EDB) to administer its car and motorcycle insurance schemes.
Aviva UK Health has launched a website to educate brokers on the benefits of selling group risk cover.
The British Insurance Brokers' Association (Biba) has published new guidance for brokers to highlight the potential pitfalls associated with limitation of liability clauses.
Insurance experts have called for an industry-wide solution for sharing travel claims information in a bid to fight fraud.
Rural broker business could suffer after the Government scrapped Broadband Tax plans designed to enable high-speed internet to be rolled out across the country.
Brokers and insurers are exposing themselves to regulatory fines for not organising their data storage properly, a new study has claimed.
Lloyd's intermediary Chesterfield Insurance Brokers has announced the launch of a new website designed to provide cover for those operating in high-risk territories or with high-risk jobs.
The internet is fast becoming the "only" way to purchase personal lines insurance in the UK as online customers become less loyal and more price sensitive, according to a recent consumer survey.
Christian Phillips, contingency underwriter at Beazley Group, tells us a little more about Beazley Access.
There is little doubt that brokers have got it tough. The anticipated hardening of the market is a long time coming despite bold words by insurers, the economy is only recovering hesitantly with the important construction sector still in the doldrums and…
Having read some recent articles about the Environmental Damage (Prevention & Remediation) Regulations, I have to comment that in view of the length of time that the Environmental Liability Directive (ELD) was anticipated, it is amazing how many…
Broking companies that use zero or minus commission rates to make premiums competitive are undermining the sustainability of the insurance broker market.
It's all about surprises this month. There I was trapped in France mulling over how on earth a little Icelandic volcano could cause so much disruption for so many people for so long. How I was going to get back to work and how much would it cost were at…
Peter Cullum has promised to take Matthew Reed's team to the Olympics if they hit their target of £1bn GWP by 2012. Louise Meeson hears why the CEO has every confidence in leading PowerPlace to success.
This month's regional power hour, sponsored by Ecclesiastical, asks what impact e-trading has had on the market and what concerns exist regarding its future. Liz McMahon reports.
Concerned over potentially crippling regulation costs, Barbara Bradshaw suggests the FSA could look internally at its own spending before loading fees onto the insurance industry and, ultimately, the consumer.
Who, what, when, where, why, how? Martin Friel provides a rundown on what to expect from this year's Biba conference.
There are many reasons why the Biba conference and exhibition has become an unmissable event in the broking calendar. Here are just a few:
Companies exhibiting at Biba 2010.
The Biba 2010 day one seminar programme.
The Biba 2010 day two seminar programme.
The Biba Young Broker of the Year Award recognises the brightest young stars in the industry. Liz McMahon tracks down the last seven winners to find out how the award has impacted their careers.