Articles by Ida Axling
Seventeen Group snaps up Ruislip-based broker
Deal for Pinner Risk Solutions follows its purchase of Ipswich-headquartered Ryan's last week.
Seventeen Group set to announce two more deals following swoop for Ryan's
CEO Paul Anscombe discusses his plans for Ryan's and reveals he is increasingly getting approached by brokers looking for an alternative to the consolidators.
Seventeen Group buys Ryan's
Ryan's will become part of James Hallam as chairman Tim Ryan is set to exit.
SchemeServe creates scheme sharing facility with capacity from seven providers
The facility, which was developed in response to changes in insurer appetite due to the pandemic, will connect brokers and MGAs looking for capacity for new or existing schemes to a panel of providers including Axa, Ecclesiastical, Hiscox, Arag, and Pen…
Countrywide pulls out of broker-distributed business
The legal indemnity specialist, which had been working with around 80 brokers, says it has decided to revert to a sole focus on solicitors.
Marshmallow denies stealing trade secrets
Mulsanne launched a case against the start-up in March this year and is seeking to claim £39m in damages.
Biba questions need for flexible working charter for brokers
Biba's Steve White says trade body will provide assistance if members ask for it, but a charter similar to the one launched by the ABI is not on its agenda, while brokers say they are already embracing flexible working.
FCA spent nearly £4m on dual pricing market study
Staff costs made up most of the total spend as the FCA also reveals it received 101 responses to its consultation paper outlining proposed remedies, which included a ban on dual pricing practices.
GRP completes Marsh Networks deal
The networks business has been rebranded to Hedron and will continue to be led by David Hopwood who has joined the GRP executive team.
"No silver bullet" to fix industry reputation after BI backlash, says MGAA's Keating
Keating discusses the business interruption test case and the FCA's £7.5m special levy to recover the costs as he urges brokers, MGAs and insurers to pull together and rebuild trust in the sector.
News analysis: Counting the cost of appointed representatives
Experts warn that a proposed £250 AR fee by the FCA could leave many brokers out of pocket
Mulsanne v Marshmallow legal case to split
Court documents show the trial as to liability will take place this year after Mulsanne accused Marshmallow of stealing trade secrets.
CFC creates Lloyd's syndicate
The syndicate has planned gross premium of over £100m for its first year of trading and will be managed by Asta Managing Agency.
Aviva opens buildings cover for properties affected by cladding to new customers
Move follows large premium increases in the market after the Grenfell fire and the provider urges brokers to sell the product net of commission on a fee basis to keep costs down.
ABI launches flexible working charter
Signatories, which include Aviva, Ageas, Allianz, Covea, Ecclesiastical, LV, and Zurich, commit to opening up the majority of their roles to flexible working, job sharing and part-time working.
Video: What the papers say
Insurance Age teams up with Applied Systems to bring you a new series looking at the top news stories in the insurance broking world.
Inperio unveils brokers' PI product
MGA says new offering is launched in response to rising rates and concerns about availability and affordability of cover after several providers introduced Covid-19 exclusions.
FCA confirms MGAs are exempt from £7.5m BI special levy
The regulator has reissued its consultation paper on fee rates for 2021/22 after the initial document wrongly said that MGAs were expected to contribute.
Analysis: The rise of pay-as-you-go insurance
As demand for flexible on-demand insurance products is accelerated by Covid-19, Insurance Age investigates what the challenges and opportunities are for brokers.
FCA proposes £7.5m BI special fee for insurers in levy consultation
The fee relates to legal costs following the BI test case and is part of a raft of proposed changes relating to fees and levies ahead of publication of the watchdog's budget for 2021/22.
CII reports loss for 2020 due to "significant" pandemic impact
The professional body also saw a drop in membership numbers during the year.
Aviva reveals management changes following Phil Bayles' exit
Gareth Hemming will take over as chief distribution officer at the provider.
Aviva's Phil Bayles exits the insurer for a role at Ardonagh Group
Bayles will take up the newly created role of chief commercial officer for Ardonagh Advisory, focusing on placement and growth initiatives such as M&A as well as overseeing Compass and Broker Network.
Motor premiums see biggest drop since 2014
The pandemic along with pricing action needed to meet the FCA's crackdown on dual pricing is expected to cause continued uncertainty in the motor market, according to Confused/Willis Towers Watson.