News/Personal
FCA commits to expanded work in response to Which? super-complaint
The Financial Conduct Authority has promised to do more work on improving claims handling and consumer understanding of cover in light of Which? hitting the watchdog with a super-complaint about the ‘broken’ home and travel insurance markets.
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EY offers gloomier forecast for 2026 motor market with latest analysis
The UK motor insurance market is expected to only break even in 2025, and be loss-making in 2026, according to EY’s latest analysis.
Premium Credit signs up another top 100 broker
Premium Credit has signed a three-year agreement to be One Sure’s exclusive provider of premium finance for personal lines.
Government’s motor insurance taskforce report sparks ‘fudge’ and ‘credible job’ reactions
The government has published its Motor Insurance Taskforce Report, whose work has been both praised as a “credible job” and slammed as “rehash” and a “fudge”.
HNW brokers risk relationships turning “transactional” due to workloads
Many high net worth brokers are failing to engage with clients as much as they should because they are over-stretched, lack confidence and time poor, creating relationships that are merely transactional.
HNW brokers ‘one generation from closure’ if they fail to engage new wealth
Failure to engage with high-net-worth clients that fall within the ‘new wealth’ category could see brokers disappear within a decade, unless they change their traditional mindsets.
Brokers warned HNW clients more likely to walk than ever if demands not met
The concept of “one size fits all is all but dead” in the private client market, according to Matthew Perkin, trading director, high net worth, art and collections at Hiscox.
FCA updates on Premier Insurance Company administration
The joint administrators of Premier Insurance Company Limited plan to end policies on 1 December 2025, meaning customers must arrange alternative valid insurance cover for their vehicles, the Financial Conduct Authority has confirmed.
Top 100 Broker expands into Republic of Ireland
Staysure has launched into the Republic of Ireland, bringing its portfolio of travel insurance products to the market.
Premium Choice moves from Close Brothers to Premium Credit
Top 100 UK Broker Premium Choice has signed a multi-year deal with Premium Credit moving away from Close Brothers Premium Finance.
Third quarter of motor premium falls – ABI
Average motor insurance premiums fell £13 to £551 in the third quarter, according to the Association of British Insurer’s latest tracker.
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Aviva demands crackdown as ghost broking surges 22%
Aviva has called for tougher enforcement, stronger penalties and better education to crackdown on ghost broking as it detected a 22% surge in cases since 2023.
UK growth accelerates at Hiscox
Hiscox has maintained “positive momentum” in the UK with written premiums up 8% in the first nine months of the year to £543.1m.
Brokers on the ‘frontline’ in tackling insurance fraud
Nearly one in five people (19%) believe it’s justifiable not to disclose the full truth on an insurance application – a figure that rises to 21% among those with motor insurance, research by Ageas UK has revealed.
Home insurance premium falls speed up
Average quoted prices for home insurance fell by 4.8% in the three months to September, according to research by Consumer Intelligence.
Markerstudy adds former Allianz leader Price as director
Markerstudy has added ex-Allianz leader Victoria Price as capacity and partnerships director.
ERS MD eyes international and motor innovation opportunities after Starr buy
While it is business as usual for ERS brokers and clients following the acquisition of parent IQUW by Starr this week, managing director Martin Hall is already spying future opportunities, especially for its motor innovation team.
Allianz announces five-year deal partnership with telematics MGA
Allianz UK has announced a new partnership with Ticker, the specialist motor telematics managing general agent.
Allianz Personal Broker recruits Sainsbury’s Bank insurance head Yuill
Allianz UK has recruited the head of insurance at Sainsbury’s Bank Vicky Yuill as distribution director of Allianz Personal Broker.