Broker
The Needham Group buys Corporate Insurance Solutions
The Needham Group has bought Lutterworth-based Corporate Insurance Solutions boosting gross written premium to £9m.
ABI publishes new Blueprint to help improve diversity and inclusion
The Association of British Insurers has published a new Blueprint which sets out a multi-year strategy and work plan to improve diversity, equity and inclusion across the insurance and long-term savings industry.
PIB swoops for personal lines specialist Jigsaw Insurance
PIB is poised to buy Harrogate-headquartered broker Jigsaw Insurance Services Plc for up to £24.12m in cash marking a significant step in personal lines for the consolidator.
Brokers should harness IT to ‘keep doors open’ for new capacity providers
CEO of Insly, Risto Rossar, has insisted that schemes brokers and managing general agents should not rely too heavily on their capacity provider's IT systems and keep their doors open to new partners.
Circle grows turnover and profit
Coventry-headquartered broker Circle boosted profit by a third with turnover up over 10% in its financial year ended 30 April 2022.
Industry gears up for 2022 Insurance Day of Giving
Insurance United Against Dementia is preparing for the latest Insurance Day of Giving with several firms already committed to raising money for the Alzheimer’s Society.
Development Bank of Wales invests in start-up broker
The Development Bank of Wales has invested £250,000 in Cardiff-based Driverly leading a pre-seed investment round of £525,000.
FCA to release crucial personal lines value data ‘imminently’
The Financial Conduct Authority is set to release value measures data ‘imminently’ that will play a crucial role in helping brokers benchmark whether their products offer value.
Bridge reports record operating profits
Manchester-headquartered Bridge Insurance Brokers has delivered a 34.2% rise in operating profit in the year to 31 March 2022 taking the total to a record £974,614.
MD of AbbeyAutoline urges brokers to pledge their commitment to D&I
Managing director of AbbeyAutoline, Julie Gibbons, has called on brokers to formalise their policies and pledge their commitment to diversity and inclusion.
People Moves: 14-18 November 2022
Stay in the loop with the latest insurance personnel changes.
Biba and ABI welcome IPT freeze
The British Insurance Brokers’ Association and the Association of British Insurers have both welcomed the decision by Chancellor Jeremy Hunt not to raise the level of insurance premium tax.
WTW, Liberty and Markel team up on complex specialty risks digital trading platform
WTW has staked its claim for a “step-change” in digital trading as it unveiled a collaboration with Liberty Specialty Markets and Markel launching the pilot phase of a commercial insurance platform.
Ardonagh posts double digital advisory growth but retail fall
Ardonagh achieved 12.1% growth in advisory income in the third quarter but turnover in retail dropped 11.3%.
Q&A: Joanne Marriott – president of Nottingham Insurance Institute
Joanne Marriott has been part of the Nottingham Insurance Institute for 20 years. Elected president in 2021 Marriott was re-elected for a further year in 2022. In an exclusive Q&A with Insurance Age she tackles insurer service, attracting talent to the…
Ex-Policy Shop CEO Sean Byrne joins Got You Covered as MD
The Policy Shop founder and former CEO Sean Byrne has joined niche motor and personal lines insurance broker Got You Covered as managing director, reporting to CEO Rob Leigh.
Beazley raises £350m as it eyes cyber push
Beazley has raised £350m as it flagged plans to accelerate growth in cyber and specialty business.
Ten ways to combat underinsurance
Brokers play a key role in helping businesses get the right amount of cover and in times of inflation, more than ever, this role becomes absolutely crucial in avoiding underinsurance, argues Nick Hobbs, chief distribution and regions officer at Allianz…
Zurich becomes GAIN’s first Industry Transformer member
Zurich Insurance has become the Group for Autism, Insurance, Investment and Neurodiversity’s first Industry Transformer member.
ABI urges the Chancellor to freeze IPT
The Association of British Insurers has urged the Chancellor of the Exchequer, Jeremy Hunt, to freeze the rate of Insurance Premium Tax in the Autumn Statement on 17 November.
Biba schemes provider Renovation Plan ties up with Axa
Renovation Plan has teamed-up with Axa as its exclusive partner for all the specialist home renovation provider’s insurance products.
Insurers going back to basics on schemes - BLW's Brett Sainty
Following claims that schemes commission and volumes have dropped over the past 12 months, BLW Insurance Brokers’ CEO, Brett Sainty, told Insurance Age that insurers have gone back to basics when it comes to delegated authority partnerships.
People Moves: 7-11 November 2022
Keep up to date with the latest insurance personnel moves.
Broker Expo 2022: Insurers urged to ‘get rid’ of volume barriers on new broker agencies
Insurers have been urged to get rid of broker minimum premium commitment levels which ‘stymie consumer choice’.