News
Quizzical questions: 28 June 2019
Test your knowledge of the week's news with our topical quiz.
JBA and FloodFlash join forces to launch event-based flood insurance
InsurTech start-up FloodFlash says it is looking to work with more brokers.
FSCS paid out £473m in compensation in 2018/19
A total of 371,000 premiums were returned following the collapse of unrated Danish provider Alpha.
#Insagepeople: 24 - 28 June 2019
Stay up to date with the latest people moves.
ABI slams FSCP's proposed automatic-upgrade rule to tackle dual pricing
Consumer body's suggestion follows the super-complaint from Citizens Advice.
Aon’s Julie Page joins CII board
In a separate move members of the professional body also voted in favour of modernising its by-laws.
Brexit cost for financial services sector nears £4bn
EY says Brexit preparations have slowed after the deadline for the UK to leave the EU was extended.
Nigel Phillips pledges continued focus on organic growth at CDL Group
Commercial director says the business has been working to create a more proactive customer experience.
Ecclesiastical report highlights biggest risks for charities
Insurer says Charity Risk Barometer will help brokers better understand the issues facing the sector and find solutions.
Acturis reveals profit jump in 2018
Software house set to pursue more deals as document reveals it paid £3.5m for Surrey-based ICE InsureTech in November 2017.
Lloyd's launches product innovation facility with £53m capacity
New initiative to focus on emerging risks, with underwriters from a range of different businesses taking part including Tokio Marine Kiln, Beazley and Hiscox.
Dual pricing: Capping prices risks industry profits, warns Fitch
The CMA had recommended price caps, as regulators propose solutions to the 'loyalty penalty', but the ratings agency suggests it could destabilise the market.
Brokers monitoring capacity shortages after TMKI run-off
Although brokers are not worried by the provider going into run-off, they have concerns over tightening capacity.
Profits up for CDL Group in 2018
After the firm's turnover reached £52.7m in 2017 it has risen 6% in 2018 to £55.8m.
Lloyd’s suspends employee for “inappropriate comments” – report
Chief executive John Neal revealed a suspension had been made as the market strives to crackdown on behaviour amid reports of a sexist culture at the organisation.
Profit margins for UK brokers at highest level in eight years
Figures from Plimsoll Publishing show average profit margins are 5.7% for the current year, after consistently increasing since last year.
GRP’s County Group purchases Eric Rawlins & Company
County's second deal in a month brings its GWP to over £100m.
Insurance Cares: IUAD teams up with the Insurance Charities
The organisations have developed a support service for people in the insurance industry who are struggling with dementia.
The Insurance Age Podcast: 21 June 2019
The editorial team get their teeth into the top stories.
Revealed: UK Broker Awards shortlist
Find out who is in the running to win a trophy at The Brewery on 13 September.
Quizzical questions: 21 June 2019
Test your knowledge of the week's news with our topical quiz.
Tokio Marine Kiln: Figures revealed following closure of UK arm
Most recent results for Tokio Marine Kiln Group show losses for TMKI which is now being placed in run-off.
InsurTech Futures: Artesian launches risk and compliance hub
Firm says new solution will help brokers better understand risks and spot opportunities.
Regulator sharpens focus on Lloyd's amid sexual harassment claims
Following the warning Lloyd's has revealed advisory committees designed to tackle diversity and inclusion featuring sector leaders such as Zurich's, Amanda Blanc, and the CII's, Sian Fisher, have been set up.