News
BHL-backed Coral Insurance opens for business
Specialist legal expenses provider Coral Insurance, backed by Allianz, began trading this week with the aim of making LEI a “valued, must have” for UK consumers and targeting 15% of the market.
FCA does not want to be a price regulator, says Sheldon Mills
Sheldon Mills, executive director – consumers and competition at the Financial Conduct Authority, has stressed to brokers that the watchdog does not want to be a price regulator.
Editor letter - May 2022: Climate consideration
Why aren’t more brokers thinking about Net Zero?
30 minutes with: Ardonagh's Rob Worrell
Rob Worrell joined Ardonagh Advisory – which includes Towergate, Ethos Broking and the networks business – in 2017. Insurance Age caught up with him to find out what has changed for the £4bn GWP broker
Amanda Blanc reveals sexism got worse as she took more senior roles
The Aviva CEO responded to a story which showed that Aviva chairman, George Culmer, chided shareholders for inappropriate comments about Blanc and female board members at a recent AGM.
Commission cut threat remains as FCA continues residential leaseholder insurance study
The Financial Conduct Authority has written to Michael Gove stating that limiting broker commissions is still under consideration as a method to reduce insurance costs for property leaseholders as it attempts to create a fairer market for consumers.
Biba launches underinsurance guide
The British Insurance Brokers’ Association has launched a guide to support brokers in helping their customers avoid the risks associated with being underinsured.
MGAA boss Keating pushing for more as membership growth continues
The Managing General Agents’ Association is approaching 350 members with plenty of scope remaining for further growth, CEO Mike Keating told Insurance Age.
Biba’s White attacks FSCS funding model
Biba CEO Steve White has insisted that brokers “must not be left paying over the odds for the failures of others”.
Ardonagh launches internship and graduate scheme
The Ardonagh Group has launched Ardonagh Academy in partnership with the Centre for Creative Leadership.
GRP buys Durham-based Castle Insurance Services
Global Risk Partners has bought 100% of the share capital of Castle Insurance Services as the consolidator targets growing its presence in the North East.
Biba urges FCA to step in as Lloyds moves to close undesignated client money accounts
The British Insurance Brokers’ Association has contacted the Financial Conduct Authority asking the regulator to intervene over Lloyds Bank’s move to close undesignated client money accounts for some members, Insurance Age can reveal.
Blog: Is the industry focusing enough on customer needs?
Nic Brown, of Markel, argues that meeting the needs of customers may have slipped as a priority for the industry during the current hardening market and rising premium inflation.
DR&P buys Channing Lucas & Partners
DR&P Group bought a 90% stake in Lloyd’s broker Channing Lucas & Partners late last year, according to a filing at Companies House.
Backpage - May 2022
Meet our pet of the month, learn about the industry's charity endeavours and take a look at the lighter side of insurance
Carlyle funds buy NSM in £1.44bn deal
White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with global investment firm Carlyle the former majority backers of PIB Group.
Clegg Gifford buys ARs to expand branch network
Markerstudy-bound Lloyd’s broker Clegg Gifford is targeting a branch network of 30 and is buying up its current appointed representatives, Insurance Age can reveal.
PremFina takes from Close Brothers to build senior team
Former Close Brothers MD, Paul Trail, has joined the premium finance provider alongside Laura Sweetman, Insurance Age can reveal.
David Williams joins Qlaims in first NED role
Former Axa leader David Williams has joined Qlaims as a non-executive director, Insurance Age can reveal.
AUB Group to purchase Tysers for £500m
The Lloyd’s wholesale broker has entered a binding agreement to be bought by AUB.
Broking Success: Strength in Scotland
Director Tom Yorke recounts his route from Giles to investing in Blue Rock Insurance Brokers, growing organically and competing on quality with the ethos of not doing speculative quotes as well as the opportunities for the Scottish broker as it targets…
Brokerring takes stake in accounts firm
Ataraxia and Brokerbility founder, Stuart Randall, explained that the advisory business has developed since it was set up last year to support independent brokers.
GS Group buys Dundee-based Strathtay
Family run business, Strathtay Insurance Brokers, has been bought by Perth-headquartered GS Group.
Coplus rolls out product development platform
Coplus has targeted brokers as it launched a go-to-market platform claiming it cuts the time needed to develop ancillary products to three months.