United Kingdom (UK)
FCA fines drop to £214.3m in 2022
The Financial Conduct Authority dished out £214,250,056 in fines in 2022, the fourth lowest on record since the FCA was formed in 2013.
Certua: Rise of the embedded insurance specialist
Certua is helping insurers get products to brokers quickly through its advanced digital capabilities. Co-founder Luke Bewley explains how Certua will make its mark on the UK broking and insurance space.
Higos adds 10 apprentices in Wiser Academy tie-up
Higos has taken on 10 college leavers as apprentices working with Wiser Academy to help build the next generation of insurance brokers in the South West.
Ataraxia and MVP rebrand as The Broker Investment Group
Peter Cullum-backed Ataraxia and Minority Venture Partners are rebranding to The Broker Investment Group, Insurance Age can reveal.
BMS sells 30% of group to Eurazeo
London broker BMS Group has sold a third of its business to investment company Eurazeo, subject to regulatory approvals.
CNA Hardy targets technology businesses with cyber suite launch
CNA Hardy has launched the latest addition to its technology product suite, Technology Package+, which offers an updated set of cover.
People Moves: 19 - 23 December 2022
Stay up to date with the latest personnel changes within the insurance industry.
PFS blindsided over CII board takeover
The Personal Financial Society was blindsided by the Chartered Insurance Institute Group adding three new directors to its board yesterday.
Brokers urged to tighten safeguards amid threat of client underinsurance backlash
Brokers are being urged to tighten safeguards amid the threat of businesses, suffering problems from underinsurance, taking legal action.
BGL Insurance to create 300 jobs in 2023
Markerstudy-owned BGL Insurance has committed to boosting its headcount by 300 people next year.
SRG spent £58.9m on buys in 2021
Specialist Risk Investments, which trades under the Specialist Risk Group brand, spent £58.91m on five acquisitions in 2021, a filing at Companies House has revealed.
FCA warns of broker clone
The Financial Conduct Authority has warned of a clone claiming to be independent broker Stonebridge Corporate.
CII seizes control of PFS board
The Chartered Insurance Institute Group has appointed a majority of directors to the board of the Personal Finance Society in a move labelled 'disingenuous'.
Chris Haggart succeeds David Hopwood as CEO at Hedron Network
Chris Haggart, commercial director retail at Global Risk Partners, has been appointed CEO of Hedron Network.
Compass Network partners with PremFina
Compass Network, part of Bravo Networks, has partnered with premium finance provider PremFina with a three-year contract.
Qmetric swings to loss
Policy Expert owner Qmetric Group Holdings has posted a post-tax loss of £9.99m as gross written premium broke through the £200m barrier.
Cardiff City FC sue Miller over player death costs
Miller Insurance Services has been sued by Cardiff City Football Club over costs relating to the death of player Emiliano Sala.
Opinion: Machine learning – the art of the possible
Using an analogy involving cats and dogs Tom Murphy, co-founder and chief technology officer of Machine Learning Programs, explains machine learning, why it matters and how it can help brokers.
Allianz makes ESG push on independent brokers
Allianz has urged small independent brokers to think about their ESG initiatives and make changes to reduce their carbon footprint.
Ex-Lockyers boss Newall in comeback broker
Former Lockyers chairman Jon Newall is to launch a comeback broker focused on SME business.
Pen Underwriting expands team for new claims hub
Pen Underwriting has opened a regional claims hub, based in Chelmsford, and has hired three new specialists for its team.
FOS to maintain levy at £106m despite forecast increase in cases
The Financial Ombudsman Service has frozen its levy for the 2023/24 financial year at £106m stating that due to the current economic climate and the pressures that businesses are under there will be no increase for inflation.
Blog: Keeping on with the Broker Diversity Push
In his opinion piece in October 2016, Insurance Age’s columnist Tony Cornell asked why do so few women get to the top in broking?
FCA claims data shows customers get a ‘far better outcome’ via advised broking - Blanc
The FCA’s claims data on personal lines shows customers get a ‘far better outcome’ when taking advise through brokers, according to Aston Lark chief executive Peter Blanc.