Review of the year: February 2018

Review of the Year 2017 - February

The shortest month of the year kicked off with brokers complaining about SSP, early reports of Allianz expressing interest in buying XL Group, InsurTech start-ups and GDPR.

We take a look at the top five stories that got brokers talking in February 2018.

Brokers “resigned” as more SSP problems hit users 
Brokers confirmed that they had been experiencing outages and “intermittent issues” with the SSP Pure platform for the past four weeks. Ian Mantel, director at Manor Insurance Services, explained that he had been unable to access the system for three hours, adding: “Luckily my staff had manged not to be kicked out, but the system was so slow it was taking them

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JMG in quadruple deal swoop

JMG has snapped up four brokers, adding additional expertise in high-net-worth, commercial, motor trade, technical and specialist consultancy services to the Yorkshire-headquartered group, Insurance Age can reveal.

FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

Konsileo seals £8m fundraise

Top 100 insurance broker Konsileo has completed an £8m fundraise to accelerate its expansion across the UK, Insurance Age can reveal.

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