News
Aston Scott buys Bell & Co in Derby
First takeover deal of 2017 for the broker.
MCE’s document reveals £10m dispute with HMRC
Tax issue flagged as being based upon an employee benefit trust.
InsurTech Futures: Hood Group launches connected home insurance pilot
The broker is testing escape of water sensor technology to inform new home insurance propositions.
FCA reveals IDD plans
Regulator is now consulting on how to implement the Insurance Distribution Directive.
#Insagepeople: 6 - 12 March 2017
Keep up to date with the latest people moves.
Ryan Direct Group silent on JC Flowers rumours
Firm declines to comment on rumours of deal with the buyer of UK General.
Editor’s letter - March 2017
“For brokers… conversations with clients, who will see bills rising, are going to get even more complicated”
UK Broker Summit 2017: Brokers must leverage opportunities in automation
A “bionic broker” could be created to intervene in client meetings, suggests speaker.
UK General sold to JC Flowers
The deal does not affect other parts of Primary Group such as One Commercial, Rural Insurance or Lorica.
Broking Break - Your Top Five
Acquisitions, ghost broker arrests, the discount rate cut and redundancies at Ageas make up this week's top five stories.
Video: Succession planning (5) – market dynamics
The opportunities for buyers in the regional market.
Academy buys Glynwood Insurance Services
The purchase is expected to give the broker greater "scale and resource" in the Midlands region.
UK Broker Summit 2017: Brokers encouraged to understand blockchain
Brokers told that blockchain technology is set to save money on claims process.
Ageas to make 77 roles redundant
A formal 30-day consultation period begins today and the final decision will be announced by the middle of April, Ageas' boss said.
Video: Succession planning (4) – the range of funding options
The different sources of funding for MBOs or selling up and leaving the business come under the microscope.
UK Broker Summit 2017: Economist advises brokers to prepare
Lena Komileva says uncertain times are ahead but warns changing economic and political climate makes predictions difficult.
Operating profit down 5.2% down at Gocompare for 2016
The comparision site saw revenue up by 20% to £142.1m (2015: £119m).
Higos buys Courtenay Insurance Services
Deal is broker's first purchase in Cornwall.
Profits and GWP up at Hastings in 2016
Company allows £20m impact of discount rate change.
FCA: PPI deadline set for August 2019
Watchdog to launch a two-year campaign to encourage customers to decide if they should act about PPI before the deadline.
Pukka targets £500m GWP
The MGA is set to move into the Australian market and is seeking further growth in courier.
Open GI offers fraud check for brokers
The software house has teamed up with Verisk Insurance Solutions on a vehicle fraud check system.
The Chartered Body Alliance launches
The CII teams up with other professional bodies to promote professionalism in financial services.
Video: Succession planning (3) – criteria for success
Aviva’s Phil Bayles on being about clear about the goals when undertaking succession planning.