News
Opportunity for brokers to drive change in motor insurance
By Bits' Callum Rimmer encourages brokers to step in after survey reveals gap between what motor insurers are offering and what their customers want.
Thomas Carroll turnover nears £12m
The Welsh broker has reported an overall increase in profits as CEO Rhys Thomas highlights the importance of investing in the company’s team.
Towergate launches commercial and property quote and buy scheme
The broker has teamed up with SchemeServe to develop the platform which offers a combined commercial and residential property owners’ scheme.
FCA's product governance rules to have "significant ramifications" for commercial brokers
Compliance expert Branko Bjelobaba urges commercial lines brokers to pay attention as the FCA zones in on fair value across the whole of the insurance sector.
Hiscox agrees settlement with business interruption action group
Hiscox and the Hiscox Action Group said the arbitration proceedings have been resolved "to the mutual satisfaction of all parties".
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Willis IRM buys Playle Russell (Special Risks) and Thatchline
The Belfast-based broker is taking further steps towards its UK expansion with its Southern England purchase.
Urban Jungle targets homeowners with fresh product
CEO Jimmy Williams talks to Insurance Age about the company’s newly launched product and its plans for future expansion.
Ex-Allianz employee sentenced for fraud by abuse of position
The fraudster, a broker relationship manager, was sentenced to two years imprisonment suspended for two years and 180 hours of unpaid work after pocketing £106,000 for setting up fake insurance policies and redirecting claims payments.
Experts highlight how industry must develop to succeed
Panellists at the CII Conference discussed the changes the industry needs to make in order to meet customers' needs and what skills brokers can work on in order to maintain lucrative relationships with clients.
Brokerbility adds Castlemead as network member
Bristol-based broker joins the network, which was bought by Clear Group last year, this month.
Brokers urged to take action to tackle reputational damage
Panellists at this year's CII Conference discuss the need to build public trust in insurance after the expectation gap between consumers and the industry has widened as a result of the pandemic.
HRH The Prince of Wales launches insurance task force to fight climate change
The task force, chaired by Lloyd's, is comprised of insurance executives and aims to provide a platform for the sector to collectively advance the world’s progress towards a resilient, net-zero economy.
Motor insurers urged to evolve to meet changing customer needs
Research from By Bits shows drivers of all ages are feeling increasingly unhappy with their motor insurers, while only 11% of providers say they are actively trying to change their approach.
People Moves: 21 - 25 June
Stay up-to-date with the latest job changes in the world of insurance.
Arch Re buys Somerset Bridge
The deal also adds Arron Banks’ Southern Rock Holdings to the reinsurer’s portfolio.
How can insurance grow its social media reach?
Twitter’s director of planning shares top social media tips for the insurance industry and discusses what the sector can do to stay relevant.
Former Brightside boss Mark Cliff joins Hiscox
He becomes an independent non-executive director alongside James Illingworth and Jane Hayes.
TL Dallas takes from Marsh to launch new division
The broker has opened an office in Settle, North Yorkshire.
Insurtech Zego launches trans and non-binary workplace policy
The commercial motor insurance provider will offer unlimited therapy sessions and paid leave for those undergoing transition
CII opens New Generation programme to fresh faces
The body is calling for “rising star” applicants to its 2021 programme.
Video: What the papers say, episode 2
Insurance Age and Applied Systems take a closer look at some of the most popular news stories in the broking world.
CFC Syndicate 1988 begins trading
The syndicate is writing approximately 20% of CFC’s established portfolio, which it said will generate around £100m in gross premium.
People Moves: 14-18 June
Keep up to date with the latest people moves.