News
McClarrons appoints MD
The broker also welcomed Ardonagh's Philippa Farthing as group finance & operations director and Hiscox's Alastair Morley as head of claims.
Ofsted finds Davies' apprenticeship programme "requires improvement"
Government body says "too many" insurance apprentices do not complete their end-point assessments as Davies explains it is working to redesign the standard in response to apprentices leaving as soon as they have achieved their CII qualifications.
Devitt deal adds fresh specialism to Gallagher portfolio
Retail CEO, Michael Rea tells Insurance Age that its buy of the motor specialist has been in the offing since last summer as he targets further deals.
FCA staff vote in favour of industrial action
A ballot saw 87% support strike action against proposed cuts to pay and conditions as Unite accuses CEO Rathi of “waging war” on staff.
Profile: Phil Bayles' liberation - from Aviva to Ardonagh
Ardonagh Advisory's chief commercial officer reflects on 18 years at Aviva, finding freedom at the "dynamic" Ardonagh, and outlines his plans for the future.
Aqueous increases capacity in professional indemnity push
The managing general agent has increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in 2022.
Gallagher buys Devitt
MD William Hughes and finance director Tony Chapman will remain with the motorcycle specialist following completion.
People moves: 31 January- 4 February 2022
Keep up to date with the latest industry moves from the insurance space.
News analysis: Is it time for a regulatory rethink?
Regulation is stifling broker competition and innovation according to Biba, as regulators now face a House of Lords inquiry.
Have your say on the financial lines market
Who are the best financial lines providers? What are the challenges? Complete the Broker Satisfaction Survey today.
FCA names Penny James as chair of its Practitioner Panel
The Direct Line boss succeeds Paul Feeney, CEO of Quilter.
Worry+Peace rebrands as Peaccce
The insurtech explained that its new name represented the “3Cs of insurance” - claims, cover and cost’.
Freeway announces £250m deal with Sabre
The deal will stretch over five years and will see Sabre become an exclusive underwriting partner for Freeway’s MGA portfolio.
Revenue and profits up in Gallagher's broker business in 2021
Simon Matson, CEO, Europe, Middle East and Asia says Gallagher's UK Retail business saw 7% organic growth as he reveals the business will continue to look for M&A opportunities in the UK.
FCA urges brokers to help leaseholders in response to Gove request
The FCA's Sheldon Mills fires warning shot on broker commission transparency and adds the regulator will "use its powers to intervene" as he issues 'Dear CEO' letter amid review of the insurance market for multiple-occupancy homes.
PIB adds Brokers Union to international portfolio
The deal adds to PIB's presence in Poland, a market it entered in 2020 with its buy of WDB.
Michael Gove calls on FCA to review rising premiums for residential buildings
In a letter to the FCA and the CMA, the Secretary of State for Levelling Up, Housing and Communities writes he is "extremely concerned" about the pressure leaseholders face from rapidly escalating insurance premiums on blocks of flats following the…
Blog: What are the FCA Value Measures?
Underwriting data expert, Jeremy Keating, outlines key actions for brokers under the newly implemented fair value regime.
In Person: Emma Rawlinson, Atlanta CEO
Rawlinson tells Insurance Age about taking over the reins from Ian Donaldson and discusses the broker's acquisition plans and the "volatile" personal lines market.
Beazley report warns of 2022 business risks
The study suggests that 2022 may be the year in which supply chain, D&O, reputation and employment liability concerns ‘leak’ across insurance classes, creating complex, integrated risks with no “obvious or traditional insurance solution”.
Biba focuses on ‘managing risk’ as manifesto theme
The trade body launched its manifesto and revealed UK brokers arrange £74bn of insurance per year.
Biba calls for IPT relief in 2022
The trade association has asked government to reduce IPT to 10% in areas such as property, telematics, and cyber as it also pleads for a simplification of insurance tax in the travel sector.
CFC Underwriting tops the Insurance Age broker cyber poll
Specialist company CFC Underwriting has won out, with Travelers and NMU also in close contention, as the UK’s leading eight cyber insurers are revealed based on broker opinion
Staff to vote on strike action against FCA
FCA told Insurance Age that after considering the recent feedback on its pay and rewards proposals, it now aims to announce an outcome by March.