News
London-based brokers' earnings to rise in 2015, survey says
Increases in demand and ongoing regulatory developments driving pay rises, according to a survey.
No FSCS levy for brokers in 2015/16
Scheme mentions falling claims and higher opening fund balance as reasons for brokers not to be charged.
Willis promotes Philip Smaje as broking chief of new GB unit
Smaje steps up from aerospace role.
Fraudster receives suspended sentence
Bricklayer convicted of insurance fraud after bogus £200,000 personal injury claim.
Aviva to cut 1,500 roles
Insurer reveals 1,500 are set to lose jobs following Friends Life acquisition.
Allianz 2015 scholarship programme open to brokers
Fifty places available for course which begins in May.
Biba launches 2015 manifesto
Manifesto focuses on emerging risk, regulation, Insurance Bill, careers, Europe and motor.
Car insurance premiums falter
AA Index shows small rise for average car insurance premiums and very little movement in home insurance premiums.
Paymentshield appoints Rob Evans as CFO
New recruit joins from Westfield Health.
Hyperion and R K Harrison merger talks still ongoing
Hyperion chief executive David Howden said its a sizeable merger and will take time.
Management team buys Hayes Parsons
Managing director James Woollam plans to grow the business further in its specialist fields.
FCA consults on FSCS management levy
FCA proposes management costs of £74.4m for Financial Services Compensation Scheme.
NCI takes sales chief from Broker Network
Two new starters tasked with pushing growth plans including schemes with brokers.
Hyperion increases revenue by 19% to £199m
Company is still in advanced merger talks with R K Harrison.
Optimism falls amongst brokers and insurers
Financial services survey shows optimism is down but business volume and profitability is up.
Creditors offer £1 plus debt for Towergate
Formal offer submitted but Towergate still open to further approaches.
QBE's credit outlook revised to stable
AM Best says move follows series of capital actions to reduce the group’s financial leverage.
Close Brothers Premium Finance adds to electronic system for brokers
Firm says it expects to receive 90% of agreements electronically by the end of 2015.
The Insurance Bill: What brokers need to know
Terry Renouf, partner at law firm BLM, picks out some key points from the Insurance Bill, and outlines some of the details brokers need to know about.
Moneysupermarket predicts £95m profits for 2014
Insurance revenue set to hit £138m.
Alan & Thomas buys Bennetts Commercial
Broker buys fellow Brokerbility member, Basingstoke-based Bennetts Commercial as it seeks to grow in south west.
Biba launches young broker steering group
The group will provide guidance and resources to younger members of the trade body.
Aviva appoints Owen Morris for HNW business
Insurer states newly created role marks “commitment” to brokers.
Hiscox to buy MGA and HNW provider from R&Q
Deal expected to complete this quarter of 2015.