News
FCA reveals CEO recruitment spending
The regulator also brought clarity on the number of interviews conducted ahead of its appointment of Nikhil Rathi.
Biba 2021: Attracting talent key to a diverse workforce
Panelists point to encouraging progress for diversity and inclusion in insurance.
Biba plans return to Manchester in 2022
Next year’s conference is set to take place at Manchester Central, restrictions permitting.
Biba 2021: Call for 'unified action' on PI problems
As the cost of PI soars, and insurers exit the market, Biba panellists call for brokers and insurers to collaborate to ensure customers get value.
Millennials failing to buy contents cover
The generational divide is a key finding of a survey which insurtech Getsafe conducted among 2,069 British citizens.
Biba 2021: The impact of Covid-19 on regulation
The FCA’s Matt Brewis discusses product value, business interruption insurance and the test case, challenges around PI and why the time is right to focus on cyber insurance.
Specialist Risk Group buys Irish MGA, Blackrock Insurance Solutions
Specialist Risk Group (SRG), has announced the acquisition of specialist Irish liability and property MGA, Blackrock Insurance Solutions.
FSCS reduces broker levy for 2021/22
Biba welcomes the move to slash the total broker contribution by half, as it brands the original forecasted levy as "grossly unfair".
Biba 2021: MP John Glen’s keynote speech
The economic secretary to the Treasury tackled insurance premium tax, broker Financial Services Compensation Scheme levies, cladding, Brexit and more in his keynote address to the British Insurance Brokers’ Association’s 2021 conference yesterday.
Covid BI claims payments hit £701m
FCA figures show interim payments of £268.2m and final settlements of £433.1m since the Supreme Court verdict, with the number of policyholders waiting to hear whether their claim is valid going down to 9,912.
Renovation Underwriting hires James Guthrie to lead on broker distribution
Guthrie most recently worked as head of HNW distribution at Covéa.
Biba to open conference for extra day
The move follows difficulties accessing the virtual conference platform yesterday.
Biba reveals Young Broker of the Year 2021 winner
Sioma Insurance Consultants' Alex Margolin wins the award, which Biba says recognises the performance of younger brokers and encourages commitment to the future professionalism of insurance broking.
Biba 2021: Keith Frampton given posthumous Francis Perkins award
Frampton, formerly of Forces Insurance, sadly passed away earlier this year.
Biba 2021: Unintended consequences from silent cyber 'knee jerk' reaction
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Biba 2021: The Future of Broking
Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility’s, Ashwin…
Aon/WTW to divest $3.6bn of assets to Gallagher ahead of merger
The sale includes Willis Re and is intended to address questions raised by regulators including the European Commission.
Third deal in a week for Seventeen Group as it snaps up Cornwall-based broker
Latest move sees specialist marine broker Christopher Rowe join Seventeen Group's stable and follows its purchases of Ryan's and Pinner Risk Solutions.
Biba conference site crashes
Delegates are unable to log in to the platform as the trade body blames wider server issues and apologises for the problems.
Interview: Allianz's Simon McGinn on challenges and opportunities in a hard market
McGinn discusses exiting certain trades amid a hard market, changing broker wordings after the Supreme Court judgment in the FCA test case and what is next for Allianz in the UK.
Aviva confirms potential redundancies amid IT overhaul
Up to 115 staff across a number of sites will be affected as the insurer looks to automate and outsource.
Axa Commercial launches Broker Learning Zone
The initiative has been developed to drive professional development for UK brokers and sits alongside the newly-developed Axa XL Broker Academy.
“Wake-up call” for brokers as FCA zones in on fair value
The regulator sends a shot across the bow to brokers about leaseholder buildings insurance as the sector is warned to look at the wider picture.
LexisNexis launches data solution for SME brokers
According to the provider, the product is designed to help small to medium sized UK brokers price more effectively, cut operational costs and improve the customer journey in personal lines.