Insurance M&A volume soars but deal value falls

Data analysis: The number of UK insurance merger and acquisition deals rose from 48 in the first half of 2022 to 54 at the start of 2023 but the total publicly disclosed deal value fell from £3.8bn to £16m year-on-year.

Could a motor insurance crisis become a political storm?

Content director's view: As Zurich pulls out of the personal lines broker market, and with motor far from being flavour of the month for investors and capacity providers, Jonathan Swift asks could a combination of withdrawals and lack of new competition…

Government grills FCA on broker commission

Sheldon Mills, executive director for consumers and competition at the Financial Conduct Authority, conceded the regulator needs to “be tougher on brokers” after Dame Angela Eagle slammed them for “ripping off leaseholders”.

Best Insurance Employer: Gallagher

Gallagher received a four-star rating from staff surveyed for this year’s Best Insurance Employers list, with employees praising the business for having “the feel of a family firm.”

Trudgill takes CEO role at Biba

Graeme Trudgill, executive director at the British Insurance Brokers’ Association, has been appointed CEO, replacing Steve White.

More FCA action against AR brokers is nigh

Sue Mallender, senior consultant of regulatory consultancy Sicsic Advisory, has warned the regulator is likely to place restrictions on more appointed representative general insurance broking businesses in the months to come.

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