News
Car premiums surge 19% in 2022
Comprehensive car insurance premiums increased sharply by 19% during the last 12 months, with UK motorists now paying £629 on average, according to the latest Car Insurance Price Index.
Miller restructures business into two divisions
Miller has revealed that it is re-aligning its business into two divisions, Miller UK and Miller International.
Biba manifesto 2023 - cost-of-living crisis in depth
The British Insurance Brokers' Association has focused in on the role brokers can play to help the UK tackle the current cost of living pressures, as it launched its 2023 manifesto.
Movo buys CCS Insurance
Movo Partnership network has bought CCS Insurance adding £1.8m of gross written premium and three staff to the group.
Biba flags concern on businesses cutting cyber cover
Some 40% of members involved in research by the British Insurance Brokers' Association told the trade body they had clients who were no longer insuring their cyber risks due to the cost of living crisis.
Aviva hit with extra claims costs from cold weather snap
Aviva has estimated that freezing weather in the UK during December will cost the insurer around £50m at a group level.
Regulatory costs for brokers jump 40% in just three years
Regulatory costs for brokers are 40% higher than in 2019, British Insurance Brokers’ Association research has found.
FCA's Consumer Duty update is a ‘warning against complacency’ as firms fall behind
The Financial Conduct Authority has warned firms risk falling behind as the deadline for Consumer Duty looms.
Biba reveals ‘Managing Risk – Delivering Stability’ theme for 2023 manifesto
The British Insurance Brokers’ Association has set out its agenda for 2023 with the launch of its manifesto titled ‘Managing Risk – Delivering Stability’ containing 37 commitments and 32 calls to action.
Allianz aims to boost broker interaction as it restructures renewable energy
Allianz Engineering, Construction & Power has brought its renewable energy experts into one team, with the ambition of growing its green power portfolio.
Zurich to expand claims concierge service to commercial and SME mid-market customers from Q1
Zurich UK has launched a bespoke concierge service for its personal lines customers in a move it claimed was an industry-first.
Insurance Cares: Military insurance broker launches personal accident policy
Specialist broker Absolute Military has launched its HM Forces personal accident policy for military personnel and their families.
Society of Insurance Broking chair looks to Biba to improve engagement
The new chair of the Society of Insurance Broking, Laura Hancock, has told Insurance Age that this year’s focus will be on raising professional standards in broking and talent recruitment.
Ecclesiastical calls on brokers as heritage sector faces “unprecedented” challenge
Ecclesiastical has launched its latest Heritage Risk Barometer to help brokers talk to heritage clients about the biggest risks they face in the short, medium and long-term.
Tysers reveals 20 new hires and commits to 2023 apprenticeship scheme
Tysers has added more than 20 staff this year, the Lloyd’s broker revealed, as it also confirmed plans to repeat its apprenticeship programme in 2023.
FCA warns of Surrey broker clone
The Financial Conduct Authority has warned of a clone pretending to be Montgomery Kent Insurance Brokers.
Saga confirms underwriting sale talks
Over 50s-group Saga has confirmed ongoing talks to sell its underwriting business Acromas Insurance.
PFS extends consultation deadline amid row with CII board
The Personal Finance Society has extended its consultation deadline on the CII’s plans to ‘take over’ their board.
NFP buys Direct Safety Solutions
NFP has added to its UK portfolio buying West Midlands-based health and safety consultancy Direct Safety Solutions.
Speculation links Ageas Group with a fresh takeover approach
Ageas Group is being eyed as a takeover target according to reports.
People Moves: 16 - 20 January 2023
Keep up to date with the latest personnel moves within the insurance market.
Liiba zooms in on next generation with 2023 agenda to drive change in London market
The London and International Insurance Brokers’ Association has published its agenda for 2023, flagging a focus on putting insurance brokers – particularly younger professionals – at the centre of the London insurance market’s modernisation.
Cost-of-living crisis to place additional regulatory focus on market
DAC Beachcroft has published its predictions for 2023, which touches on the impending implementation of the Consumer Duty and what the Financial Conduct Authority will expect of the insurance industry during the cost-of-living crisis.
RSA adds to CIO leadership team
RSA Insurance has appointed two new women to its CIO leadership team with Sally Ng as specialty and commercial delivery director, and Katie Hermans as head of technology risk management.