News
Biba 2016: Top Biba award goes to joint winners for first time
Bob Nicholls and Ian Raper have been named joint winners of the British Insurance Brokers’ Association’s top gong for contributions to the organisation.
Biba 2016: LV Broker gets chartered status
LV Broker has been awarded chartered status following formal presentation at Biba 2016 this afternoon (11 May).
Biba 2016: Swinton to open first branch under new structure in June
High-street broker Swinton will open a new branch in Preston on 1 June, which will be the first under its new branch model, Post can reveal.
Biba 2016: Biba ‘on track’ to develop flood insurance scheme for SMEs
A scheme to provide flood cover for most businesses should be launched by autumn this year, the British Insurance Brokers’ Association CEO Steve White announced today (11 May).
Biba 2016: Motor premiums rise but home rates fall in Q1
Private car premiums rose for the second quarter year, but rates for household insurance fell, according to the latest insurance price index from the British Insurance Brokers’ Association and Acturis.
Biba 2016: Biba forms cyber committee
"Firms of all sizes need to take action" against cyber risks, says the British Insurance Brokers' Association, which is setting up a committee of technical experts to provide its members with guidance on current risks and insurance available.
Biba 2016: Brokers need support for innovation
The British Insurance Brokers' Association has called for more support for innovation in the insurance broking sector, in response to HM Treasury’s consultation paper on innovation for financial services.
Allianz's UK Q1 premiums fall as operating profits climb 43%
Allianz UK saw operating profits climb 43% in the first quarter of 2016 to £47.4m from £33.2m in the same quarter last year.
Allianz sees global profits and revenue fall in Q1
Global insurer Allianz's revenues and profits fell by 6.4% and 3.5% respectively in the first quarter of 2016.
Claims Awards Asia-Pacific 2016: Entries now open
The entry process for the Claims Awards Asia-Pacific is now open.
Hong Kong's Nova hires Ben Chung as technical director
Hong Kong-headquartered broker Nova Insurance has appointed Ben Chung in a newly created role as technical director.
Carole Nash acquires Ageas Retail motorcycle books
Manchester-based insurance broker Carole Nash has reached an agreement to purchase the motorcycle insurance books of Ageas Retail, effective from 1 June.
Pet insurance aggregator to launch in May
A new pet aggregator site has been launched by Markerstudy, after it identified “a gap in the market”.
Average combined buildings and contents home policy remains unchanged in Q1
The cost of the average combined buildings and contents home insurance policy remained unchanged in the first quarter from the same period last year, according to the Association of British Insurer’s latest home insurance premium tracker.
RSA hires chief data officer
RSA has hired a chief data officer in order to develop a “new strategic capability” for the company.
Norway loses top spot to Switzerland in FM Global’s 2016 annual resilience index
Insurer FM Global’s 2016 survey into business supply chain resilience saw Norway drop to second behind Switzerland, making the central European nation most resilient to disruption according to the index.
Blog: What you missed from Biba 2016
Missed out in Manchester? Catch up with all the news and gossip from the 2016 British Insurance Brokers Association with our blog.
Munich Re sees profit tumble in first quarter
Munich Re has seen its quarterly profits fall by 45%, causing the group to revise downward its annual profit forecast.
Hiscox sees 10% growth in GWP
Hiscox has seen gross written premiums increase by 10% in the first quarter globally, and by 5.8% in the UK.
56% worry about insurance of driverless cars
More than half of drivers worry they will automatically be classed as ‘at fault’ by insurers if they are involved in an accident with a driverless car, according to a survey.
TMK launches aviation consortium
A general aviation consortium has been launched on the Lloyd’s Asia platform by Tokio Marine Kiln.
Hastings attributes growth to ‘agility’ on price comparison sites
A growth of 29% in gross written premiums by Hastings in the first quarter was due to the company’s “elastic” pricing structure via comparison sites, the company’s chief financial officer said.
FCA bans former broker Terence Joint from 'significant influence functions'
The Financial Conduct Authority has banned former insurance broker Terence Joint in relation to the handling and misapplication of client money between April 2011 and June 2012.
Zurich aims to grow diversity – without quotas
Zurich Insurance is committed to diversity within its organisation, but will never introduce quotas in hiring, the company’s CEO said.