News
LMA calls for rethink on Vnuk
The organisation responded to a government consultation on motor insurance.
LV's GI unit reports post-Ogden loss for 2016
Provider posts GI operating loss of £26m after strengthening its reserves by £139m.
Car premiums increase by 16%
Confused.com figures show that the discount rate cut played a key part in the rise of premium costs.
#Insagepeople: 10 - 16 April 2017
Keep up to date with all the latest people moves.
Ghost broker sentenced for £59,200 scam
The ghost broker received a sentence of 16 weeks in prison suspended for one year.
Insurance Age’s UK Broker Awards 2017 opens for entries
Make your submissions with 11 categories available.
Quizzical questions: 7 April 2017
Test your knowledge of the week's news with our topical quiz.
Broking Break: Your Top Five
New logos, people moves, acquisitions and secret FCA warnings make up the most read stories of this week.
Miles Smith Holdings reveals drop in profits for 2016
However turnover for the year increased slightly.
InsurTech Futures: Start-up broker Konsileo launches
New commercial broker aims to disrupt the market.
Lycetts turnover grows to £19.8m
However, profits down as the firm points to increased investment in staff and IT as its moves from several platforms to Open GI.
Open GI deal "marriage made in heaven", says Transactor CEO Ray Vincent
Open GI CEO Chris Guillaume notes that the aim is to combine the best bits of both companies' technologies.
Plum launches high net worth home cyber cover
MGA says policy is designed to cover and support private clients exposed to cyber fraud.
Open GI buys Transactor in £40m deal
Acquisition builds on purchase of Powerplace in 2013.
Towergate-owners poised to buy Ryan Direct Group
HPS Investment Partners and Madison Dearborn Partners are set to buy the provider according to market sources.
Brolly reveals new logo after dispute with Travelers
The insurance app was forced to redesign its umbrella logo following legal threats from the insurer.
Aston Scott returns to profit in 2016
CEO Peter Blanc explains next steps after Bell & Co deal and praises staff for positive 2016 financial results.
Alan Boswell buys Sutcliffe Solloway & Company
The broker said that the move would take its GWP up to £90m.
Admiral cuts van cover from its broker Able
Insurer will stop selling van cover through its broker Able, which is also known as Gladiator, but Admiral says the move will not affect jobs.
Secret FCA warnings issued to brokers revealed
The regulator confirmed that 18 senior broking executives received private warnings between 2011 and 2017 compared to one insurer boss.
Biba appoints Lorega Solutions for ATE claims
The facility provides a bespoke ATE service for property and liability claims.
Broking break: And finally...
Meet a member of Lockyers' staff with a difference, Close Brothers' Sharon Bishop reveals her hidden talent, Higos' Charlotte Eggleton on how and why she got into insurance and we put Simply Business' Alan Thomas on the spot
County Group’s profit surges after acquisition frenzy in 2016
David Clapp CEO said more deals are “in the pipeline over the next few months”.
Open GI and Applied Systems pass Biba software house audit
The two providers announced separately that they passed the review which was prompted by problems with SSP last year.