Review of the year: April 2018

Review of the Year 2017 - April

In the main, the news of Amanda Blanc's move from Axa to Zurich dominated the headlines in April. Brokers were also particularly interested in the FCA's warning round renewal transparency, Towergate's financial results for 2017 and Jelf, which made its first deal since it was bought by Marsh in 2015.

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

Amanda Blanc a “big loss to Axa and unbelievable gain for Zurich”
The insurance industry has hailed Amanda Blanc’s appointment at Zurich as a “great fit”. Blanc, who was group CEO UK & Ireland at Axa, took up the post of CEO Europe, Middle East & Africa (EMEA) at Zurich. Dave Smith, who spent 27 years at Zurich retiring from the business in 2015 to become a non-exec director of several insurance related companies

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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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