Broker
Editor's comment: Misguided? That’s putting it lightly
Underinsurance is a huge issue for the whole of the insurance sector and an ongoing battle for brokers, while putting the customer at the heart of every decision is becoming a mantra for the Financial Conduct Authority.
Brokers expected to prove worth after cut to minimum level of solicitors’ PI
ABI criticises SRA’s ‘misguided idea’ that reduction will lower premiums
Insiders expect Towergate exodus to help firm integrate Fusion business
Broker believed to be hit with FCA S166 order following client money failings
Ghost broker who targeted Yorkshire's Asian community jailed
A ghost broker who sold invalid car insurance policies to more than 100 Yorkshire-based motorists was today jailed for fraud.
FSCS GI provision payments increase by £10m
The Financial Services Compensation Scheme paid out £90m in the general insurance provision class during 2013/14 - a £10m increase on the previous year, according to its annual report.
C-Suite - MGA: Charting the progress of the MGA
Evolution celebrated its 10th anniversary in March this year. It seems unbelievable that we have been trading for so long, but our anniversary has caused me to reflect on some of the huge changes we have seen within the industry over the past decade.
C-Suite - Insurer: The hidden cost of broker rates
With broker commission hitting unreasonable heights, the squeeze is on insurers and consumers alike
Broker Exit Strategies: Employees hold key to exit strategies
Eventual sale is no longer an easy way out for SME brokers looking for an exit strategy – instead, they are turning to employee ownership as an option
Career file - Chris Ladkin: Brunel appoints Ladkin as non-executive chairman
Brunel Professional Risks has appointed Chris Ladkin as non-executive chairman as it sets its sights on becoming one of the UK’s largest independent brokers.
Market Moves - 10 July 2014
All the latest job moves in the insurance market
Motor customers paying up to 90% APR for monthly instalments
Motor insurance customers are being charged annual interest rates of up to 90% for choosing to pay in monthly instalments rather than an annual sum, according to research.
RFIB recruits Howden’s Dyke for non-marine international ops role
Lloyd’s broker RFIB has swooped for Howden’s head of operations Richard Dyke to take on a role as non-marine international division operations manager.
Biba to formulate guidance on sharing economy
The British Insurance Brokers' Association is to put together guidance on insuring risks for asset-sharing companies following a meeting between industry and government yesterday.
Capital investment sparks £1.2m tech upgrade at Bollington
Bollington Insurance Brokers has responded to demand for more interactive services by investing £1.2m in new software and call handling systems.
Permanent Flood Re CEO to be named this week
Flood Re Limited will this week unveil a permanent chief executive ahead of the release of a consultation addressing the final scope of the scheme.
Rural Insurance to terminate relationship with Broker Network
Rural Insurance managing director Ian Barclay has attributed a strategy of getting closer to brokers as the major factor behind his firm’s decision to sever ties with Towergate’s Broker Network.
Former Fusion regional development manager joins Essex-based MGA
Essex-based MGA Incorporated Insurance Group has hired Ian Chapman as its regional development manager based in Leeds.
Biba welcomes TSC's 'positive' whiplash proposals
The British Insurance Brokers’ Association has welcomed the Transport Select Committee’s latest whiplash report saying it supports “changes to protect innocent customers from the added cost of fraudulent insurance claims”.
Reich teams with former Bridge brokers for Vista venture
The leadership of Manchester-based broker Reich have teamed up with three former Bridge brokers to unveil a new venture in the form of specialist corporate broker Vista Insurance.
RFIB appoints MacFarlane as MD for international non-marine
RFIB Group has appointed Richard Macfarlane as managing director of its international non-marine business.
Ten moves to employee ownership model
Ten Insurance has converted to employee ownership safeguarding it against a buy-out from another network.
UK broker market sees rapid consolidation after AJG buying spree
The UK commercial non-life broker market is consolidating faster than its main European counterparts due to the recent acquisitions made by Arthur J. Gallagher, new research from Finaccord has shown.
CGSC launches LatAm wholesale insurance broking expansion
Independent wholesale broker Cooper Gay Swett & Crawford is to expand its Swett & Crawford wholesale broking business into the Latin American market.
AJG completes acquisition of Canada's Noraxis
Arthur J. Gallagher said today it had become a top five Canadian broker following the completion of its purchase of Noraxis Capital Corporation.