Broker
Broker contributions to FSCS slashed as forecast levies are revised down
The Financial Services Compensation Scheme has issued final levies for 2022/23 of £5.3m for brokers and £211.7m for insurers, down significantly on initial estimates.
Spotlight: Surety Bonds - The importance of bonds and guarantees and their effect on the UK construction market
Uncertainty is difficult to navigate for many companies and, in the face of several ongoing and escalating challenges, Edward Murray finds the construction sector is leaning more on the use of surety bonds to create certainty in turbulent times.
Claims Consortium Group restructures management team for growth
Claims Consortium Group has restructured its management team as part of a five-year strategy which it explains is "designed to drive forward growth and diversification in three core areas – claims, technology and data".
Briefing: Can’t we all sit down over a nice cup of tea on multi-occupancy insurance?
I once had a dispute with my neighbour over some work we had had done on our boundary line.
Real estate providing growth opportunities for regional brokers, finds Ecclesiastical
A revived real estate sector is providing regional brokers with opportunities to grow, research conducted by Ecclesiastical has found.
AIG's Baldwin on pulling together to solve today’s challenges
With the whole insurance ecosystem facing unprecedented challenges, Anthony Baldwin, UK CEO of AIG, explains why a collective market effort is need to innovate and help clients.
Direct underwriters saw retention rates of 70% prior to FCA pricing reforms
Benchmarking analysis data has found that prior to the introduction of the Financial Conduct Authority's pricing reforms, direct underwriters had the highest retention and lowest switching rates.
Capgemini: only 8% of insurers 'Resilience Champions'; Allianz mulls Home & Legacy disposal; CII reports £4.4m deficit; and Questgates buys
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Intelligence: Opening the throttle on motorbike insurance
The motorbike insurance market has been a hive of activity in the last few years in what has previously been a quiet and steady sector for the last 20 years. Martin Friel investigates what this means for the biker customer and if more entrants are on the…
Howden's Peter Blanc on how to manage the consumer duty challenge
With the Financial Conduct Authority's Consumer Duty just around the corner, Peter Blanc, executive chairman of Howden UK & Ireland, believes professional advice will be the only way that customers can ensure they will know what they are buying.
Insurance Post TV: Price walking special – what impact has the FCA ban had on the personal lines market?
Insurance Post reveals the latest episode of its ‘magazine-style’ television show.
Admiral defeats fundamentally dishonest fraudster; Ardonagh Academy launched; start-up Coral aims to disrupt LEI sector; and Pool Re to cut prices
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Brokers can play key role in Net Zero transition, says Allianz's Dixon
Brokers can play a key role in encouraging businesses to transition to Net Zero, Allianz chief underwriting officer Catherine Dixon has told Post.
QBE weighs changes to regional footprint as brokers demand greater ‘visibility’
QBE is looking to plug a “gap” in its regional footprint as a result of feedback from brokers, its executive director for UK insurance Chris Wallace has told Post.
FCA does not aim to be a price regulator, says Sheldon Mills
In his keynote speech yesterday at the British Insurance Brokers’ Association’s conference in Manchester Mills Sheldon Mills, executive director for consumers and competition at the Financial Conduct Authority, told the audience: “The new consumer duty…
Blog: Regional broking is an essential part of the intermediated market
Sam Thomas, head of mid market at Zurich, explains why regional broker networks are not just a nice to have, but a must have.
Interview: James Blackham, By Miles
James Blackham, CEO of By Miles, talks to Jen Frost about why the regulator had to step in over dual pricing and why usage-based insurance is the future
White takes aim at broker FSCS contributions in Biba opening address
British Insurance Brokers’ Association CEO Steve White has said that brokers “must not be left to pay over the odds for the failures of others” through their contributions to the Financial Services Compensation Scheme.
Brokers need to help clients avoid the trap of underinsurance, says Allianz' McGinn
With economic volatility and inflation being the biggest challenges facing brokers at the moment, brokers need to sit down with their clients and ask the right questions to avoid them falling into trap of underinsurance.
Blog: Supporting brokers in navigating the challenges of PI market
The professional indemnity classes continue to test the resolve of underwriters. Nic Brown, divisional director of broker at Markel UK, says insurers have to continue to support brokers and clients despite the challenges the risks present in the current…
Disagreements over runoff cover set to push up PI premiums for property and probate lawyers
The Council for Licensed Conveyancers’ decision to maintain integrated runoff cover as part of its professional indemnity insurance requirements for the firms it regulates will push up premiums, brokers have told Post.
Editor's comment: We'll meet again
As this issue lands our thoughts will be turning to the British Insurance Brokers’ Association Conference and its return to a face-to-face event in its traditional home of Manchester.
Prestige-owned broker Stroll launches with £5m investment
Prestige Insurance Holdings invest a further £2m in new digital broker platform emphasising ‘slick’ user experience.
Is it the end of the M&A boom? No says Gallagher's Oli Homer
Mergers and acquisitions activity seems never ending in the brokering sector but as Oli Homer, global head of M&A at Gallagher, explains, as long as you acquire those with a similar mindset and allow businesses to thrive then they can continue apace.