News
Firms not challenging themselves enough on fair value – FCA boss Brewis
Financial Conduct Authority director of general insurance Matt Brewis believes insurance firms are applying a ‘tick box’ approach to fair value assessments.
Biba CEO Steve White to retire
Steve White, CEO of the British Insurance Brokers’ Association, told the audience of the trade body’s annual conference that he will retire this autumn.
Biba launches ESG guides
The British Insurance Brokers’ Association has unveiled publications on environmental, social and governance for its members.
Calls for tougher social media regulation amid ‘ghost broking’ explosion
An explosion in ‘ghost broking’ is fuelling policy fraud, leading to calls for tougher regulation on social media to protect vulnerable customers.
Axa targets new broker employees with passport training solution
Axa Commercial is poised to launch a new programme aimed at new starters within broking firms.
Applied Systems adds Arch, Ark and Iprism in commercial push
Applied Systems Europe will be adding Arch Insurance, Ark Insurance and Iprism Underwriting to its commercial lines panel, with Epic users able to quote and bind directly with the providers later this year, the software house has confirmed.
Cobra Network offers new service to brokers with Qlaims partnership
Managing general agent Qlaims has partnered with PIB-owned Cobra Network.
Gallagher firm business model challenged amid FCA property commission crackdown
Gallagher-owned Artex could find its business model in the UK property sector challenged after the latest regulatory crackdown, it was claimed.
FCA sets out whistleblower commitments
The Financial Conduct Authority has unveiled a series of actions to boost whistleblowers’ confidence.
Biba renews Lockton PI partnership
The British Insurance Brokers’ Association has renewed its professional indemnity accredited broker contract with Lockton for a further three years.
People Moves: 2 – 5 May 2023
Keep up-to-date with personnel moves within the insurance industry.
FR Ball buys Export and General
Abergavenny-headquartered FR Ball has purchased London-based broker Export and General Insurance Services.
Broker Insights rolls out tech upgrade as it covers 20% of broker market
Broker Insights has rolled out a technology upgrade, as it hits a key milestone of covering more than £2bn of commercial gross written premium.
Ecclesiastical appoints underwriting director from Aviva
Ecclesiastical Insurance has hired Marc Lewis as underwriting director for the UK.
SRG adds to MGA offering with medical professional liability specialist
Specialist Risk Group has bought London and Gibraltar-based The Medical Professional Liability Company.
Pikl partners with Prestige Underwriting on short-term products
Sharing economy specialist Pikl and Prestige Underwriting have signed a distribution partnership.
Provenance teams up with Redline on supercars
Benefact Group broker Provenance Insurance Brokers has signed up with North Yorkshire based supercar, prestige and performance car retail group Redline Specialist Cars.
Sicsic Advisory becomes Biba associate
Regulatory and risk consultancy Sicsic Advisory has become an associate of the British Insurance Brokers’ Association.
Allianz Commercial grows broker-facing team with two appointments
Allianz Commercial has promoted two broker segment managers tasked with growing its broker business in the UK.
QBE makes four appointments in regional restructure
QBE has appointed four heads of trading as part of a regional push in the UK.
Zurich launches new broker proposition
Zurich has unveiled a new broker club called Zurich Club Blue.
Sky aims to shake up home insurance with Zurich-backed product
Sky is launching a new smart home protection service, offering comprehensive home insurance and smart home technology worth £250.
RSA launches new comprehensive product to cover superyachts
RSA has launched a new practice to cover superyachts, and appoints Emily Grew will join as senior yacht underwriter.
Ex-FCA leader Salter joins Sicsic Advisory
Former Financial Conduct Authority director Philip Salter has joined strategic risk and regulatory consultancy Sicsic Advisory as a senior adviser.