News
FCA hopes firms will gain confidence with fewer rules
The Financial Conduct Authority has said how it hopes firms build confidence in their knowledge of customer service and outcomes, as opposed to a “tickbox” exercise again.
Tiernan calls out ‘egregious trading behaviours’ at Lloyd’s
Incoming Lloyd’s CEO Patrick Tiernan has called out examples of “egregious trading behaviours”, saying that he currently has “cause for concern, but not alarm.”
‘Don’t preach to us’, pleads Pen CEO
The key to a productive capacity partnership is allowing the MGA the freedom to act independently, delegates at the British Insurance Brokers’ Association’s conference heard.
DLG deal ‘on course’ and not a distraction for Aviva
Despite the Competitions and Markets Authority opening up a probe into the acquisition, Aviva’s Owen Morris remains confident the deal will still be done in mid-2025.
AI and MGAs have role to play in new era for insurance broking
Artificial intelligence will not replace advisors but will add to decision-making, while managing general agents will continue to become more and more relevant to brokers, delegates at the British Insurance Brokers’ Association’s conference heard today.
Biba names Caroline Barr as first female chair
In his opening address, British Insurance Brokers’ Association CEO Graeme Trudgill set out plans to keep the pedal pressed to the floor, as he also announced Caroline Barr as the incoming chair.
Extinction Rebellion returns to Biba for third consecutive protest
Extinction Rebellion has targeted the British Insurance Brokers’ Association Conference today (14 May) marking its third year of protest at the conference.
Biba launches ‘Ben the Broker’ advert campaign
The British Insurance Brokers’ Association has launched a national advertising campaign to promote insurance brokers to SMEs.
CMA launches probe into Aviva’s takeover of Direct Line
The Competition and Markets Authority has launched a probe of the prospective acquisition of Direct Line Group by Aviva, with its decision due by 10 July.
Thomas Carroll keeping door open to expansion and M&A
Gareth Cotty, chief commercial officer of independent broker Thomas Carroll Group, has told Insurance Post that the firm isn’t ruling out opening more offices this year, or potential acquisitions.
Diversity and Inclusion in Insurance Awards open for entries
Entries are now open for Insurance Post’s Diversity and Inclusion in Insurance Awards 2025.
FCA strips back insurance rulebook
The Financial Conduct Authority has kicked off the British Insurance Brokers’ Association’s 2025 conference by outlining plans to ditch what it deems “outdated and duplicated requirements” from its insurance rulebook.
Biba launches question guidance to reduce disclosure disputes
As the industry flocks to Manchester for the British Insurance Brokers’ Association conference, the trade body has launched cross industry guidance aimed at reducing disclosure misunderstandings.
Rising mobile phone attachment drives SquareTrade product expansion
SquareTrade is developing products over the next two years to address the coming shift in the nature of mobile phone protection, and plans to announce developments over the next six to 12 months.
Only one fifth of brokers utilising artificial intelligence
Research from OpenGI has revealed that 80% of insurance brokers have yet to implement any form of AI into their business.
Insurance industry’s most powerful players revealed
Making multi-billion-pound takeover bids for rivals and challenging political posturing is what it took to secure the top spots on Insurance Post’s 2025 Power List.
Brokers push for more tech and faster service from insurers
Aviva’s latest broker barometer has revealed that ‘greater use of digital tech’ is at the top of the list of improvements to insurer service.
Wallace reveals QBE’s plans to build on recent wins
QBE’s Chris Wallace has told Post that the insurer doesn’t need to “chase the market” as trading conditions soften, having established a “strong foundation” in the UK over recent years.
Broadway appoints ex-Bollington CEO as a director
Paul Moors, former CEO of Bollington Insurance Brokers, has been appointed as a director at Broadway Insurance Partners.
Sedgwick launches L&D service for insurance clients
Sedgwick has this morning (12 May) launched a new unit of the business, offering learning and development solutions to insurance and corporate clients across the UK, Insurance Post can reveal.
NordVPN’s cyber cover; DCL’s truck product; Consilium’s claims chief
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Moped driver found to be fundamentally dishonest
A moped driver has been ordered to pay £25,000 after dashcam footage revealed that a personal injury claim made following a road traffic accident was fundamentally dishonest.
Tiernan appointment comes at ‘tipping point’ for Lloyd’s
Market executives and trade bodies have weighed in on Patrick Tiernan’s appointment as Lloyd’s CEO, outlining what they expect from the new boss.
Konsileo could raise more funds as it looks to ramp up recruitment
Konsileo CEO and founder John Warburton has told Insurance Post the broker could look to raise more funds to achieve its recruitment targets over the next two years.