Broker
What can MGAs learn from the latest turbulence among capacity providers?
The problems at Accredited and Vesttoo highlight the need for managing general agencies to have good risk management in place on their capacity arrangements.
CII on the hunt for new CEO again after Vallance departs
The Chartered Insurance Institute Group has today confirmed it is looking for a third CEO less than two years after incumbent Alan Vallance announced plans to take an equivalent role at the Institute of Chartered Accountants in England and Wales.
CII New Gen broker team to tackle talent gap through TikTok and Instagram
The Chartered Insurance Institute 2022/23 New Generation Programme Broking group has launched a new social media-based campaign to address the insurance industry’s talent gap, and common misconceptions around insurance careers.
Applied Net 23: Power shifting to brokers, says Applied boss Taylor Rhodes
Applied Systems is picking up the pace, with brokers in the UK having grabbed more market share this year, according to CEO Taylor Rhodes.
Romero explores sale options as consolidators circle
Romero, one of the UK’s largest independent brokers, is exploring sale options, Insurance Age understands.
Aviva ramps up cyber push with micro-SME cover from £50
Aviva today launched its Cyber Respond product, imploring brokers to help educate and reduce ‘apathy’ among the massively underinsured micro business community.
Partners& extends Midlands reach with Beaumont Lawrence & Co move
Partners& has extended its presence in The Midlands with a deal for Beaumont Lawrence & Co, based in Shrewsbury.
Applied Net 23: AI to help brokers suffering from a ‘barrage’ of information requests
Applied Systems is launching first use cases of artificial intelligence on two platforms in the US on 24 October, chief product officer Anupam Gupta told Insurance Age at Applied Net 23.
Gap between best and worst commercial insurers widening, according to Biba members
The results of the latest Insurers Monitor benchmarking report from the British Insurance Brokers’ Association and consultancy Gracechurch show that the average commercial insurer Net Promoter Score (NPS) is up by 9 points since January, and +16 points…
Blog: Ensuring insurance broker business resilience in times of crisis
Taking a proactive approach to disaster preparedness can reduce stress and ensure that brokers recover quicker should adversity strike. Adam Tier, head of underwriting at Ansvar Insurance, outlines the steps intermediaries can take to improve their…
Jensten makes first move outside UK as it snaps up Berns Brett
Berns Brett has been purchased by Jensten in a run of deals for growth in regions and specialisms by the Livingbridge-backed consolidator.
Blog: Private equity investment - what’s in it for insurance brokers?
There are compelling reasons to consider private equity funding, both in good times and in the current testing climate. Claire Madden, managing partner at Connection Capital, outlines why brokers should ignore PE’s bad press to understand its benefits.
RSA’s service vow to brokers one year on: Has it delivered?
In 2022, RSA published its strategic roadmap to 2025. The insurer vowed to raise service standards for brokers. Has it delivered?
Abbey boosts profits by 15% in 2022
Abbey Insurance Brokers, which trades as AbbeyAutoline, grew post-tax profit by 15.2% to £2.6m in 2022, with turnover also rising.
Opinion: How sustainable partnerships are the key to navigating a changing HNW market
Kevin Morton, head of Zurich Private Clients, tackles the challenges brokers face with reduced capacity and appetite in the high-net-worth market arguing insurers with stable and sustainable propositions will ultimately win out.
FCA data reveals spike in insurance skilled persons reports
The Financial Conduct Authority has revealed commissioning seven skilled person reports across the general insurance and protection sector between July and September.
Aviva awards £300,000 of funding to 65 good causes
The Aviva Broker Community Fund awarded £300,000 of funding to 65 projects and charities across the UK at its annual awards event held at the Honourable Artillery Company in London on Tuesday.
Ex Chubb, Axa XL and Aviva HNW boss Simon Mobey on moving into broking
Simon Mobey spent 38 years working for insurers. Having jumped the fence to be executive director of Dover Street Insurance Brokers, and set up its office in Manchester, he tells Insurance Age about his excitement for the job and the plans to double the…
Biba delivers fair value assessment framework
The British Insurance Brokers’ Association has launched a fair value assessment framework, after the Financial Conduct Authority took aim at brokers in its review of flat insurance costs.
Blog: Why is claims in such a mess?
Claims service is not in a good place at the moment and it is brokers who are having to pick up the slack. That is the view of Movo Partnership head of claims Liz Tytler, who suggests the right people, process and technology would go a long way to…
Premier Choice completes 10th deal under Brown & Brown ownership
Premier Choice Healthcare, the health insurance arm of Brown & Brown Europe, has bought 100% of the share capital of Brighton-based intermediary, Healthcover.
Jensten swoops for White Rose
Jensten has bought the business of White Rose Insurance Solutions in a deal that bolsters its regional centre in Yorkshire and Humberside.
Partners& bolsters Northern hub with latest broker deal
Partners& has bolstered its presence in the North of England with a deal for Stephensons Risk Management
NFP builds out West Midlands presence with another buy
Acquisitive NFP has acquired The Cronin Insurance Consultancy, a commercial insurance broker based in the West Midlands.