News
Editor's letter: July 2022
Invest in facilities for your teams. Businesses need to make coming into the office more enticing.
Allianz names Ashish Patel as COO
Allianz Holdings has appointed Ashish Patel as chief operating officer after Stephanie Smith left at the end of 2021.
FSB flags small firms' concerns on price of insurance
Small firms are encountering widespread problems in their dealings with the insurance market and rising premium costs, a new report has found.
Consumers rank broker knowledge equal with price
There remains an untapped well of potential clients for brokers made up of consumers valuing knowledge on a par with product price, according to the findings of exclusive research for Insurance Age.
Drop in insurance pricing complaints at FOS
The Financial Ombudsman Service has highlighted a 33.4% fall in complaints about insurance pricing in 2021/22.
Endsleigh – returning to its roots
Alison Meckiffe, CEO of broker Endsleigh, has taken the business back to its roots focusing on education, students and not-for-profits.
GRP strikes first deal after Brown & Brown takeover
Global Risk Partners has bought Maidstone-based First Insurance Solutions in its first deal since the takeover by Brown & Brown completed earlier this month.
Consumers back compulsory qualifications for brokers
Exclusive research for Insurance Age has laid bare that consumers want brokers to have a professional qualification in order to do the job.
HSB creates new commercial division
HSB UK and Ireland, part of Munch Re, has bought together its business development, customer trading and claims areas under a newly created commercial division.
Jensten buys Ravenhall Risk Solutions
The Jensten Group has acquired Leeds-based broker Ravenhall Risk Solutions for an undisclosed sum.
Insurtech MGAs – alive and kicking
Insurtech MGAs are winning over brokers and even though it may be a case of ‘horses for courses’ the arrival of a range of new providers, including within commercial lines, is creating welcome competition. Rachel Gordon learns more.
Attis forecasts hitting £60m GWP in 2022 and £100m by 2024
Joe Henderson-backed Attis Insurance has grown its headcount to over 100 people from 75 at the start of the year with the commercial broker predicting revenue of over £6m for 2022.
RSA launches new domestic abuse policy for staff
RSA has delivered a new domestic abuse policy to support employees who may be suffering as victims of domestic abuse.
Blog: How brokers can make the most of claims relationship managers
Allianz’s Kay Bagley analyses the opportunities for brokers in working closely with claims relationship managers looking at how to build partnerships that add value and deliver excellent customer outcomes.
In Depth: Insurtechs – brokers beware before before entering this sector
Does the insurtech sector offer brokers a land of opportunity or is it more about style over substance? Rachel Gordon reports.
Biba continues partner push with Arch Insurance
Arch Insurance has joined the British Insurance Brokers’ Association as a partner following in the footsteps of recent additions Covéa Insurance and Travelers Europe.
Ripe grows turnover in 2021 with profits stable
Ripe Thinking has reported a 24% rise in turnover to £23.27m for 2021.
People Moves: 11-15 July 2022
Stay informed of the top personnel changes in insurance.
Backpage: July 2022
The lighter side of the world of insurance.
Analysis: The challenge to build back better – as trust in insurance drops
Consumer trust in insurance has fallen over the past 12 months, but experts can see a route to a brighter future. Emmanuel Kenning reports.
WTW warns of accelerating motor claims inflation
WTW has warned UK motor claims inflation is expected to accelerate in 2022 after pandemic disruption caused a slowdown in the average time taken to settle claims which acted as a temporary break on rises.
Sabre warns of surging claims costs as motor GWP and profit drops
Gross written premium in Sabre’s motor book has dropped around 10.6% compared to the same period in 2021, the insurer has revealed in its half year results.
Zego confirms redundancies
Insurtech motor specialist Zego has told staff that it will be cutting its headcount by 17%.
Opinion: Why selling isn’t the only option
Brokerring’s Stuart Randall considers the options for brokers who want change but don’t wish to offload their business.