News
FCA appoints interim chair
Richard Lloyd will take up the position while a permanent replacement for Charles Randell is found.
Blog: The key to rebuilding trust
Ecclesiastical’s Adrian Saunders considers how the insurance industry can win back customer faith.
And finally – February 2022
The lighter side of the broking world including, the cartoon, pet of the month and the industry's charity endeavours.
Axa UK in broker push as it commits to becoming more accessible
Distribution and trading director, Sarah Mallaby, tells Insurance Age about her move from Allianz to Axa and discusses the provider's plans going forward as she highlights the importance of re-establishing relationships with brokers.
Markel UK hires broker divisional director
Provider promotes Nic Brown to the newly created role in push to develop broker relationships.
Opinion: LV's Mike Crane considers the future for personal lines
LV Broker’s Mike Crane reflects on the impact of consolidation, pricing practices, trust and asks if brokers are well placed to take advantage of the developments
Brokers urged to engage with Lords' Committee's insurance market regulation inquiry
Biba confirms it will be will be putting in a response to the consultation which closes on 11 February as compliance experts discuss whether the inquiry could have an effect on the regional broker market.
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…