Broker
Premium finance charges as high as 37% but dropping overall – report
Pearson Ham has found average premium finance costs for motor and home insurance fell over the last year but also revealed charges as high as 36.8%.
Across the board uplifts at Avantia
Avantia Insurance delivered double digit increases in turnover and post-tax profits in 2023, repeating the achievements of previous years.
DR&P deals costs revealed in run-up to BMS sale
DR&P spent more than £12m on five acquisitions in the financial year ahead of selling up to BMS, filings at Companies House have revealed.
Blog: Martyn’s Law – implications and opportunities for brokers
Legal experts Polly Sayers and Jonathan Edwards of HCR Law take an overview of Martyn’s Law sharing practical steps brokers can take as it progresses through Parliament.
People Moves: 14 – 18 October 2024
Follow the latest insurance personnel moves.
Markerstudy confirms 750 job cuts after Atlanta buy
Markerstudy has confirmed that around 750 jobs will be cut following the £1.2bn acquisition of Ardonagh’s personal lines business.
Lebecq to join Miller after SRG exit
Miller has appointed Clare Lebecq as chief operating officer following her departure from Specialist Risk Group in September.
Seventeen Group lifts turnover in 2023
Seventeen Group boosted turnover by 21.8% to £45.31m in 2023 on the back of acquisitions and organic growth, as it trimmed losses compared to the year before.
Broker Expo 2024: Sellers have to work harder in 12 months after acquisition
Richard Pitt, managing director at Critical Friend Partnership, observed at the Broker Expo 2024 that in the first 12 months after the acquisition, the seller is “probably going to have to work harder”.
Broker Expo 2024: Brokers urged to focus on claims to grow successfully
Brokers can easily get pulled into a ‘downward cycle’ which will thwart growth plans if they fail to manage their claims process.
Broker Expo 2024: Education part of solution to cyber cover confusion
Specialist insurers can provide cyber cover expertise and training to brokers to build confidence, according to experts at the Broker Expo 2024 in Birmingham.
Broker Expo 2024: Biba encouraged by ‘step-change’ in FCA’s approachability
Head of regulation for the British Insurance Brokers’ Association David Sparkes told delegates at Insurance Age’s Broker Expo yesterday that he is encouraged by the fact that the Financial Conduct Authority is being more receptive to feedback.
Ardonagh completes PSC buy
Ardonagh has closed the deal for PSC Insurance Group in a move which includes bolstering its advisory business with a Top 100 UK broker.
Anscombe, Thomas Carroll and Konsileo among the winners at UK Broker Awards 2024
Thomas Carroll Group scooped the Broker of the Year award, and Seventeen Group CEO Paul Anscombe won the Achievement Award, at the UK Broker Awards last night in Birmingham.
Academy owner buys Airsports Insurance Bureau
Beyond Doubt Holdings, which operates as Academy and Premierline, has purchased Hampshire-based Airsports Insurance Bureau.
Broker stress levels hit six-year high
Two in five brokers have reported stress levels as high or very high, the record since Ecclesiastical’s annual Broker Wellbeing Survey was launched in 2019.
The general insurance sector in Glasgow – a dynamic market thriving in competitive times
As with many markets Scotland’s general insurance hub Glasgow has seen consolidation but Martin Friel notes both brokers and insurers are buoyant about the opportunities, with local empowerment key to success.
TBIG-backed Beam buys Julie Price & Co
JPM Group, trading as Beam Insurance Solutions, has bought Hinkley-based £2m gross written premium broker Julie Price & Co.
Romero posts £3m profit
Romero Insurance Brokers has reported £2.93m of post-tax profit in truncated results as it shifted its financial year end after being bought by AssuredPartners.
Experts say industry is improving on fair value despite FCA criticism
The Financial Conduct Authority’s findings that brokers are still struggling to provide evidence that their remuneration is consistent with fair value rules has sparked mixed reactions among people working in the sector. Ida Axling explores the fallout…
Sign up now for Broker Expo in Birmingham tomorrow
Insurance Age’s Broker Expo – free to attend for brokers – is kicking off tomorrow at Birmingham NEC, don’t miss out and sign up today.
Underinsurance: how big is the problem and what can brokers do to solve it?
Inaccurate buildings sums insured are one of the biggest causes of claims disputes, creating problems for policyholders, brokers and insurers.
One Call posts turnover growth as tax and interest bite in 2023
One Call Insurance Services has revealed turnover and pre-tax profit rises for 2023 as tax and interest charges hit the bottom line.
Interview: JMG’s Nick Houghton – Painting the broking picture
JMG boss Nick Houghton prefers lists over spaghetti structures. He shares his passion for art, his approach to building the lauded Leeds-headquartered business and his route into insurance as well as the broad strokes of what comes next.