Broker
Aviva’s Yabantu: Work to be done, but underinsurance message is cutting through
Aviva’s new director of mid market, schemes & regional speciality Michael Yabantu, believes that its efforts to raise the profile of the underinsurance issue are getting through to brokers and end-customers.
Ghost broking still a major problem as Aviva’s application fraud rises 16%
Aviva’s application fraud is on the rise, with ghost broking making up 15% of all policy fraud.
Allianz Commercial launches new programme in bid to support independent brokers
Allianz Commercial has launched an Accelerator programme to support independent brokers and has revealed plans to recruit 30 underwriters.
PIB buys health and safety specialists Emprocom
PIB Group has bought Lincolnshire-based health and safety specialists Emprocom to add to its risk management division.
IFAs who mis-sold pensions to steel workers fear insurers will reject PI claims
Financial advisers who mis-sold pensions to British Steel workers ‘are concerned that their professional indemnity insurance may not respond to claims’, it has emerged in a regulatory update.
Qlaims launches ATE service
Qlaims has extended its claims assistance to provide after the event services to its brokers.
Freedom Service Group reveals permanent 4-day work week
Freedom Service Group has revealed that its four-day week pilot was a success and the offering will be introduced permanently from January 2023.
RSA report shows mid-sized businesses optimistic about next year
Mid-sized businesses are optimistic about next 12 months, despite current economic outlook, according to RSA Insurance.
FCA launches phase two of enhanced oversight programme for newly authorised firms
The Financial Conduct Authority has confirmed the start of phase two in its Early and High Growth Oversight programme and an expansion to feature 300 firms.
Tysers appoints former Chubb and Ace boss Andrew Kendrick as chair
Tysers Insurance Brokers has appointed Andrew Kendrick as non-executive chair, effective 1 December.
GRP hails ‘biggest deal’ since Brown & Brown investment
Global Risk Partners has bought Flint Insurance for an undisclosed sum, hailing it as the biggest deal since the Brown & Brown takeover.
Ardonagh restructures UK commercial and retail MGA offerings
Ardonagh has reorganised its UK commercial and retail MGAs, with businesses and brands aligned by client type across its platforms, Insurance Age can reveal.
FCA takes aim at gap between industry statements and results of first value measures data
The Financial Conduct Authority has warned it will consider which tools it can use to protect consumers as it unveiled its first personal lines value measures data.
FSCS maintains broker levy at £5.3m and forecasts no increase for 2023/24
The Financial Services Compensation Scheme has kept the 2022/23 levy for brokers at £5.3m as it revealed the bill for 2023/24 is poised to be the same again.
Kitsune enters administration after reinsurance renewal declined
Specialist motor managing general agent Kitsune Associates has entered administration after its reinsurance renewal was declined.
People Moves: 21-25 November 2022
Keep up to date with the latest personnel moves in insurance.
EY: UK motor and home insurers to report largest losses in a decade
According to a report by EY, UK motor and home insurers are expected to make the biggest annual loss in over a decade this year, with further losses forecast for 2023.
Kingsbridge teams up with QBE and Zurich to launch wholesale product
Kingsbridge has launched a wholesale product which includes indemnity and liabilities packages for SMEs and contractors.
JMG Group exceeds £200m GWP with latest broker buy
JMG Group has purchased Wokingham-based BJP Insurance Brokers, a deal which will see the group exceed £200m in gross written premiums.
Sheldon Mills insists that ‘we must not lose sight’ on diversity and inclusion
The Financial Conduct Authority’s Sheldon Mills has urged the industry to do more on ensuring diverse representation and inclusive cultures.
Broker insurance fraud cheat given suspended prison sentence
Lois Cartridge from Bournemouth, an insurance account handler at a broker, has been given given a custodial sentence of 16 weeks, suspended for 12 months, and ordered to pay costs of over £20,000 after exaggerating the severity of her whiplash claim.
Airmic CEO warns industry of challenging times ahead
Julia Graham, CEO at Airmic, has stressed the harsh market has given insurers and brokers new challenges and that difficult times are ahead.
Marsh blasts off with insurance for first space rocket launch from UK soil
Marsh has revealed that it has placed insurance for the first space rocket launch from UK soil, arranging it on behalf of Space Forge and placing it with Beazley to cover risk of loss to the Forgestar payload.
Ardonagh free cashflow declines to £7.8m as debt payments rise
Ardonagh’s free cashflow has deteriorated to £7.8m for the first nine months of this year as it pays off interest from its £2.68bn net debts.