Broker
Brokers and freeholders to face lawsuit over insurance commission
The class action, launched by a City lawyer and leaseholder, Liam Spender, is backed by law firm Velitor, which has secured funding for the no win, no fee claims from Balance Legal Capital LLP.
Markerstudy to switch broker products back on
Insurance Post can reveal that Markerstudy Group is to turn its broker products back on after withdrawing “lots of agencies” back in September.
Brown & Brown sets $8bn revenue target
Speaking at the Managing General Agents’ Association conference in London, Brown & Brown president and CEO Powell Brown told the audience the broker’s ambitious revenue targets.
Nine out of 10 brokers currently recruiting
Aviva’s Broker Barometer shows that 94% of brokers are actively recruiting, a significant increase on last year when 71% of brokers had a vacancy open.
Diary of an Insurer: Markel’s Jo Sykes
Jo Sykes, divisional director, broker & ATE UK, for Markel, provides a taxi service for her daughters as they cope with mock GCSEs plus A Levels, has plenty of meetings, plus she manages to squeeze in a five mile run.
British Insurance Awards 2024 winners revealed
Aviva was among the big winners with four outright prizes at last night’s (3 July) British Insurance Awards, on an evening where former British Insurance Brokers’ Association CEO Steve White was recognised with The Achievement Award.
Industry figures hail ‘inspiration’ and ‘genius’ BIA Achievement Award winner Steve White
A host of insurance figures have acclaimed the Achievement Award winner at the British Insurance Awards, former British Insurance Brokers’ Association CEO Steve White.
Jensten’s Hardie on the need for Nike-like entrepreneurs
View from the Top: Alistair Hardie, CEO of Jensten Group, looks at the challenges facing entrepreneurs in the insurance sector.
Academy names CEO as Normand steps back
Academy Insurance Services has appointed Martin Tyler as CEO, replacing Gilles Normand, who has stepped down to move into a non-executive career.
Broker earnings boosted by 11.3% in 2023
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around $168bn (£132bn) in 2023, up from about $151bn in 2022 on a constant currency basis, according to research by Insuramore.
Rise of the AI-broker
Artificial Intelligence has many real-world applications and is already helping the insurance broking community in the US spend more time connecting with, listening to, and advising customers, says Chris Kitchener, vice president of product management…
Acrisure UK MGA targets trebling of GWP
Acrisure’s UK managing general agent operation has set its sights on more than trebling its gross written premiums within three years, following a relaunch of the business last year.
Winners of British Insurance Technology Awards 2024 revealed
The winners of the inaugural British Insurance Technology Awards were unveiled last night (18 June) at a glitzy bash at the London Marriot Hotel, Grosvenor Square.
Is insurer service really that bad?
News Editor View: After comments from Jensten’s Alistair Hardie earlier this week saying no insurer gets service right and that we should “rip up the service rule book and start again”, Scott McGee asks: Is it really that bad?
AllClear to grow international presence following sale
Chris Rolland, group CEO of AllClear and InsureandGo, has revealed the travel broker’s plans to expand the international business following the sale of owner InsurEvo.
Big Interview: Alistair Hardie, Jensten Group
Alistair Hardie, CEO of Jensten Group, updates Scott McGee on the broker’s anticipated sale, its “radical overhaul”, and where it may shift its M&A focus to in the future.
Jensten’s Hardie to wield axe on insurers with shoddy service
Alistair Hardie, Jensten Group’s CEO, has thrown down the gauntlet to “all insurers” to “throw out the service rule book” and start again, because “nobody has got it right”.
Hardie sees Jensten ‘doubling again’ in next few years
Alistair Hardie, group CEO at Jensten, has said he expects to complete “about 10” acquisitions in 2024, and that he believes the broker can “double the size again” in three or fours years’ time.
Marsh CEO scores insurers ‘C+’ for innovation
Marsh president and CEO Martin South has said that he would score the insurance industry at best ‘a C+’ for innovation and that market structures are preventing the sector putting client needs first.
Buyers demand greater stability and more forward thinking from insurers
While a softening commercial insurance market may be welcome news to corporate insurance buyers, rate instability leaves insurers’ credibility at risk, Marsh head of risk management placement Cat French has told Post.