Broker
Revenues up at JLT in 2018
But broker reveals pre-tax profit fall due to transaction costs related to $5.6bn takeover by Marsh & McLennan Companies.
Customer trust in insurance drops
Research is published just a day after a Go Compare study claimed customers are caught in a £1.2bn auto-renewal “loyalty trap”.
Coversure (CISG) rebrands to Jensten Group
CEO Bob Darling says people calling CISG 'Coversure' was "confusing" and notes the group's different businesses can now build their own identities.
ABI slams “unforgivable” no-deal Brexit
Huw Evans described it as an act of economic and social self-harm and outlined potential damage to the insurance sector.
Profit, COR and GWP all improve at Hiscox
COR is 94.4% for the group but UK reports broker “indigestion” as the provider beds in new systems and admits changes had a knock-on effect on service. Plus insurer reveals Brexit costs.
Blog: How can brokers get the best value from MGAs?
MUM Underwriting’s Charles Manchester outlines how the MGA market has developed and clarifies their role in relation to brokers.
Complete Cover Group tipped for sale
Several sources have indicated that the business is on the market.
PIB legal dispute settled out of court
Consolidator began court proceedings against former employee for alleged breach of his duties while on gardening leave in November.
Call Connection’s winding-up process to be extended another year
Debts revealed as administrators set to apply for second extension as investigations into the collapsed firm continue.
Quizzical Questions: 22 February 2019
Test your knowledge of the week's news with our topical quiz.
Video: Cardiff regional review part two
Insurance Age chats to brokers about the future for Cardiff.
#Insagepeople: 18 - 22 February 2019
Stay up to date with the latest people moves.
“Surprise” at FCA clean bill of health for “unbalanced” wholesale market
The regulator said there was room for improvement and did not take action but expert suggests brokers expected the watchdog to intervene in what is seen as an “unbalanced market”.
NIG develops Brexit stock cover extension
Updated: It has been added to a number of lines following reports about companies increasing the level of stock-piling to prepare for the UK leaving the EU.
FCA outlines “room for improvement” in £60bn wholesale market
However, the study into it did not identify “significant areas of harm” as Biba welcomes the final report.
Video: Cardiff regional review part one
Brokers in the Welsh capital talk to news editor Ida Axling about the local insurance market.
Momentum partners with FMG on motor claims
Service is aimed at clients with a private or commercial motor or motor fleet policy.
PIB sets sights on Europe
Business to expand into more countries in Europe after buying Optis Insurance in Ireland.
FCA sounds latest clone broker alarm
A warning has been published by the regulator about a clone of Protect Your Bubble, which provides gadget and jewellery insurance.
Litigation funding and ATE product launched
The proposition is available to brokers via Sybaris Legal & IP and backed by insurer Acasta Europe.
Ex Lloyd's chairman Sir David Rowland passes away
Rowland was chairman of Lloyd’s between 1993 and 1997.
GRP buys Shearwater Insurance Services
Hertfordshire-based broker specialises in equine insurance and is GRP's second deal in 2019.
PIB Group expands into Ireland
The business now has an Irish base following the acquisition of Optis Insurance as PIB prepares for Brexit.
Staysure reveals plan to recruit 200
The over-50s travel specialist has opened new offices in Northampton as it looks to grow its workforce.