News
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.
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.
Gallagher calculates 40% of commercial properties underinsured
Gallagher has assessed that two in five commercial properties in the UK are currently underinsured with the problem hitting a record high.
FCA says insurers undervaluing cars and other items at claims stage
The Financial Conduct Authority has warned insurance firms not to undervalue items when settling insurance claims, especially during the cost of living squeeze, saying it has seen evidence the practice is happening.
Ardonagh buys £20m GWP PI specialist broker
Ardonagh Advisory has added to its professional indemnity portfolio buying The Professional Broking Group which trades as The Professional Indemnity Company.
People Moves: 28 November - 2 December 2022
Stay updated with the latest personnel moves in insurance.
Residential property specialist Deacon rebranded to Gallagher
Specialist residential property broking business, Deacon, will be rebranded as Gallagher on 5 December, the consolidator has confirmed.
BGL Insurance and Covéa launch new insurance brand
BGL Insurance and Covéa have launched a new insurance brand, promising to "shake up" the motor insurance market.
BMS Group explores sale – report
BMS Group could be sold for £600m, as shareholders evaluate options for the future of the London broker.
Zurich UK names new head of UK commercial insurance
Zurich has announced Frank Streidl as the new UK head of commercial insurance, starting his position from 1 January 2023.
One Broker buys Uttings Insurance Brokers
East Anglia’s One Broker Group has bought Uttings Insurance Brokers in Norfolk for an undisclosed sum.
CII gender pay gap spikes to 21.19%
The Chartered Insurance Institute Group has reported a mean average gender pay gap of 21.19%, up from 14.81% in 2021, alongside an improved ethnicity pay gap of 13.1%.
Ghost broking still a major problem as Aviva’s application fraud rises 16%
Aviva’s application fraud is on the rise, with ghost broking making up 15% of all policy fraud.
Allianz Commercial launches new programme in bid to support independent brokers
Allianz Commercial has launched an Accelerator programme to support independent brokers and has revealed plans to recruit 30 underwriters.
PIB buys health and safety specialists Emprocom
PIB Group has bought Lincolnshire-based health and safety specialists Emprocom to add to its risk management division.
Qlaims launches ATE service
Qlaims has extended its claims assistance to provide after the event services to its brokers.
RSA report shows mid-sized businesses optimistic about next year
Mid-sized businesses are optimistic about next 12 months, despite current economic outlook, according to RSA Insurance.
Tysers appoints former Chubb and Ace boss Andrew Kendrick as chair
Tysers Insurance Brokers has appointed Andrew Kendrick as non-executive chair, effective 1 December.
GRP hails ‘biggest deal’ since Brown & Brown investment
Global Risk Partners has bought Flint Insurance for an undisclosed sum, hailing it as the biggest deal since the Brown & Brown takeover.
FCA takes aim at gap between industry statements and results of first value measures data
The Financial Conduct Authority has warned it will consider which tools it can use to protect consumers as it unveiled its first personal lines value measures data.