Articles by Scott McGee
Two approaches to premium finance transparency: What next?
The larger premium finance providers have set their stalls out when it comes to transparency. What does it mean moving forward?
FCA reviews leave insurance firms with hefty bill
A recent freedom of information request by Sicsic Advisory has revealed insurers and intermediaries paid a total of £2.7m for FCA-commissioned skilled persons reviews in the latest financial year.
Supreme Court grants appeal on motor finance decision
The Supreme Court has agreed to hear the appeal from Close Brothers and Firstrand Bank relating to three cases around motor finance.
Ecclesiastical to launch around 12 schemes next year
Chris Withers, schemes and facilities director for Ecclesiastical has predicted the insurer will launch around 12 schemes by the end of 2025.
Close Brothers updates commission requirements for personal lines
After telling brokers to ask for permission from commercial customers in order for it to pay premium finance commission, Insurance Post can reveal Close Brothers is adopting a similar approach for personal lines.
Millions of Brits priced out of car insurance
Research by Citizens Advice has revealed that 2.6 million people don’t drive because they’re unable to afford the accelerating cost of car insurance, a figure which has jumped by almost one million in the last 12 months.
Gallagher confirms $13.45bn AssuredPartners purchase
Arthur J Gallagher & Co today (9 December) announced it has signed a definitive agreement to acquire AssuredPartners for $13.45bn (£10.5bn).
Gallagher close to agreeing $12bn deal for AssuredPartners
Reports have suggested Gallagher is close to agreeing a deal to bring AssuredPartners into the group, with a deal worth about $12bn (£9.4bn).
Direct Line accepts £3.6bn bid from Aviva
Direct Line Group has this morning confirmed it has reached a “preliminary agreement” on the financial terms of a potential acquisition of the entire share capital of Direct Line by Aviva.
All Amanda Blanc wants for Christmas is Direct Line
News editor view: Now a deal between Aviva and Direct Line Group has reached "preliminary agreement", Scott McGee looks at what the deal could mean for the future of the businesses and the wider market.
Insurance makes up almost half of FCA s166s for Q1
Financial Conduct Authority data has shown that of the 14 Skilled Persons Reports commissioned between 1 April and 30 June 2024, six were issued for insurance.
Re-emergence of Southampton: where insurance first docked
While the story of insurance is often traced back to old coffee houses in London in the 16th century, Scott McGee discovers insurance had a place in the UK hundreds of years before that as he explores the re-emergence of its original hub in the UK:…
Gallagher promotes for three northern regional MDs
Gallagher has made a series of leadership appointments in its UK and Ireland retail division, all of which operate in the north of England, and Scotland, covering 14 regional offices and 750 people.
Zurich buys AIG’s global travel insurance business
Zurich has completed a deal to take AIG’s global personal travel insurance and assistance business for USD $600m (£473m), plus a potential earn-out payment.
Government accused of rebranding leasehold ‘commission’ as ‘fees’
Yesterday (2 December) the government opened up a consultation looking for feedback regarding permitted fees for landlords, freeholders and property managing agents.
Ageas announces raft of personal lines hires
Ageas UK has today announced changes to its executive leadership team, as it commits to growing in the personal lines broker market.
Is a Direct Line sale an inevitability?
Briefing: Even though it said it will not “engage further” after Aviva’s takeover attempt, is a Direct Line Group sale an inevitability?
FCA softens enforcement transparency plans following feedback
The Financial Conduct Authority has today opened up its second phase of consultation surrounding its plans to name firms into which it opens up investigations.
Mike Crane joins Axa Commercial as SME and specialty director
Mike Crane, formerly managing director of LV Broker, has been appointed as Axa Commercial’s SME and specialty director.
Five-year UK cyber attack costs hit £44bn
Howden research has found that more than half (52%) of UK businesses have suffered at least one cyber attack in the past five years, equating to £44bn of lost revenue.
Government to consult on leasehold commission ban
In a written statement published yesterday, the Minister of State for Housing, Communities and Local Government has said the government “will go out to consultation very shortly on the detail of the Act’s ban on buildings insurance remuneration”.
Foil elects Keoghs partner Dean as president
Howard Dean, partner at Keoghs, has been elected president of the Forum of Insurance Lawyers for 2025, taking over from Pete Allchorne, partner at DAC Beachcroft.
Lord Chancellor criticised after ‘convoluted’ whiplash tariff increase
The Lord Chancellor and Secretary of State for Justice, Shabana Mahmood has today announced that she will increase the whiplash tariff by 15%.
DLG chief people officer Vicky Wallis to retire
Direct Line Group’s chief people officer, Vicky Wallis is to retire and be replaced in early 2025.