Articles by Scott McGee
Zurich challenges itself to halve HNW quote times
As Zurich looks to invest further in the high net worth space, head of personal lines and specialties Phil Ost wants to challenge his HNW team to respond to brokers’ quotes within 24 hours
Briefing: Why the potential Markerstudy/Ardonagh Retail merger makes sense
As reports surface on what some have called “the worst kept secret at Biba”, why does the potential merger between Ardonagh Retail and Markerstudy make sense?
Reinventing recruitment and onboarding in insurance
Analysis: Following ‘the great resignation’, news editor Scott McGee examines how insurance companies are replacing lost talent and coping with increased wage demands.
Biba updates on manifesto ahead of conference
British Insurance Brokers’ Association chief executive Steve White said the trade body's members “know there's an ESG train coming down the line” and that “everybody will need to get on board at some time”.
Big Interview: Movo’s Lea Cheesbrough
Movo managing director Lea Cheesbrough speaks to Scott McGee about plans for its own MGA and partnership moving forward, and how a series of chance encounters took her to where she is today.
In conversation: Biba’s White and Trudgill on broker leasehold commissions
After Levelling Up Secretary Michael Gove said he was “outraged” at the findings of an FCA report into broker remuneration surrounding leaseholders in multi-occupancy buildings, British Insurance Brokers' Association chief executive Steve White and…
Sky UK enters insurance with smart tech home launch
Sky UK has launched itself into UK insurance by announcing the creation of Sky Protect, a home insurance product incorporating smart tech.
Big Interview: Flock CEO Ed Leon Klinger
Flock CEO Ed Leon Klinger talks to news editor Scott McGee about the state of insurtech funding, Flock’s move from drone insurance to commercial motor, and how it will use an extra $38m in Series B funding.
Insurance Institute of Northern Ireland fails in no confidence vote against CII
The Insurance Institute of Northern Ireland held a vote of no confidence against the Chartered Insurance Institute at its Annual General Meeting on Tuesday morning, Insurance Post can reveal.
Gove ‘outraged’ by broker leasehold commissions
In a letter to Financial Conduct Authority CEO Nikhil Rathi, the Secretary of State for Levelling Up, Housing and Communities, Michael Gove, said he is “outraged” by the findings of the FCA report into broker remuneration.
FCA tells brokers to stop paying third parties without justification
The Financial Conduct Authority expects brokers of multi-occupancy buildings to “immediately stop paying commissions to third parties where they do not have appropriate justification and evidence for doing so”.
Could the PRA soon be knocking on personal lines insurers’ doors?
Editor’s View: 2022 was tough for personal lines, but if you are an insurer who had a particularly difficult year, the Prudential Regulatory Authority could soon be knocking on your door.
What is behind Ardonagh’s international shift?
Five years after Ardonagh was formed, news editor Scott McGee explores what the next five years could hold for a broking group that has more than tripled its income.
Covéa puts jobs at risk with company restructure
After reporting a loss of £145m for 2022, Covéa Insurance UK is currently undergoing a company restructure, entering a consultation process with employees, Insurance Post can reveal.
Q&A: Ardonagh UK Commercial MGA's chief executive Jaime Swindle
Jaime Swindle, chief executive of Ardonagh's UK Commercial MGA, catches up with Insurance Post to talk about moving from an insurer-owned company to a broker-owned business, and whether an organisation can be too acquisitive.
Lockton suffers exodus as ‘at least ten’ leave for Ardonagh
Insurance Post understands a substantial number of Lockton’s Global Financial Institutions team have all resigned to join Ardonagh’s Bishopsgate.
A smooth exit strategy is essential should things go south, says PRA
Shoib Khan, director of insurance supervision at the Prudential Regulatory Authority, warned that businesses and senior management must be ready to pull the plug on writing new business before things get too messy should market conditions become too…
Who is responsible for ending the insurance poverty premium?
Analysis: Social Market Foundation research shows insurance is increasingly unaffordable for those on low incomes; news editor Scott McGee examines who is responsible for preventing a “poverty premium” being charged.
Time for insurtechs to grow up or say goodbye to funding
Editor’s View: If you want to survive as an insurtech, you need to prove you can survive on your own.
Group income surpasses £1bn as Ross reflects on five years of Ardonagh
The broker celebrated its fifth birthday in 2022, and has continued on its path to growth through acquisitions.
Insurers are increasing admin fees after ‘loyalty penalty’ ban
Research from Go Gompare found that more products are subject to administrative fees across its car insurance policies since the introduction of the Financial Conduct Authority’s General Insurance Pricing Practices regulations last year.
End of Energy Bill Relief Scheme could be ‘final nail in the coffin’ for SMEs
SMEs could face more hardship as the Energy Bill Relief Scheme comes to an end, after the cost of living and energy crises led to over half a million insolvencies in 2022.
Amazon to scale up Insurance Store activity after slow sales
According to sources, only around 250 policies have been sold through the Amazon Insurance Store since it was launched back in October.
Direct Line posts £45m pre-tax loss as operating profit crashes 95%
After a well-documented difficult first three months of the year for Direct Line, financial results for 2022 show just how tough last year was.