Broker
Backpage: November 2022
The lighter side of the insurance world.
In Depth extra: Not a fleeting thought - how the insurance market is catching up on EV
Although the fleet market is still lagging behind the private car space when it comes to the adoption of electric vehicles, Lauren Ingram discovers change is inevitable.
Broker Expo 2022: £250,000 to set up a broker
It would cost around £250,00 to set up a broker from scratch these days, according to Brokerring CEO Stuart Randall.
Broker Expo 2022: Brokers warned get "on the front foot" to combat disintermediation threat
The biggest threats to commercial brokers include an inability to understand new growing industries, disintermediation through embedded insurance and talent recruitment.
Broking Success: Networking to double-digit growth
Dominic Trigg, managing director of Christopher Trigg Insurance Brokers, recounts the evolution of the independent family-owned business and how it invests in staff to grow organically and win against national players from its Rickmansworth base
In Depth: Taxi and private hire insurance faced with slow recovery
Sophie Locke-Cooper investigates the impact Covid-19 has had on taxi and private hire insurance, as the sector gets to grips with social and economic changes post-pandemic
John Dunn named MD of Brokerbility as Julie Rayson-Flynn departs
John Dunn has been appointed to the role of managing director of Brokerbility, with responsibility for leading the network as Julie Rayson-Flynn leaves after 15 years with the business.
AssuredPartners buys Anchorman
US-headquartered AssuredPartners has bought professional indemnity specialist Anchorman Insurance Consultants.
‘You would be a fool to ignore a business like Amazon’
Brokers confident in the strength of delivering advice as experts share their views on Amazon partnering with Ageas, LV and Co-op to launch a home insurance offering.
GRP-owned PCH snaps up two businesses
Premier Choice Healthcare has bought Independent Healthcare (UK) and Paul Ganjou.
Headline makers: November 2022
The key stories from the past month all in one place.
Aviva calls on UK government to act on being climate-ready
Aviva has released a new report which lays out how the UK government and financial institutions can become more climate-ready and that SMEs need support to take climate action.
JMG buys Premier Insurance
JMG Group has bought County Durham insurance broker Premier Insurance.
FCA ramps up intervention on rogue financial promotions
The Financial Conduct Authority has revealed that it intervened to amend or withdraw 4,151 financial promotions between July and September.
Commercial Express launches residential property owners scheme
Commercial Express has launched a residential property owners product, Let Secure, underwritten by Covéa.
Biba issues series of commitments after FCA flat insurance report
The British Insurance Brokers’ Association has set out a series of commitments to the Financial Conduct Authority and the government to help achieve better outcomes for leaseholders, especially those living in high rise residential buildings that require…
Stark drop on most schemes at renewal and for commission earnings
Data provided by SchemeServe has revealed a considerable drop across the board on most schemes with the biggest falls being in cyber.
Ardonagh confirms Lorega cost £28.8m
Ardonagh paid £28.8m in cash to buy loss recovery insurance managing general agent and assistance specialist Lorega, the consolidator has confirmed.
People Moves: 31 October - 4 November 2022
Keep up to date with the latest insurance personnel moves.
Atlanta reveals Be Wiser price tag
Ardonagh paid £6.3m in cash for the business and assets of motor broker Be Wiser Insurance last year.
Gallagher rebrands Innovu and buys Doyle Mahon in Ireland
Gallagher has bought Irish broker Doyle Mahon and revealed the Innovu deal is now fully integrated with the rebrand set to complete next Monday.
‘Pull a finger out’ – Average time taken by FCA to approve acquisitions doubles
The Financial Conduct Authority's average time taken to approve acquisitions has more than doubled, leading to calls for the regulator to 'get things moving' to help brokers buy and sell businesses much faster.
‘Ridiculous’ – FCA fair value broker paperwork hours revealed
Calculations by the British Insurance Brokers' Association have shown brokers are working thousands of hours to complete fair value assessments.
Servca buys healthcare insurance specialist
Lloyd’s broker Servca has bought Medicas, an independent health insurance specialist, for an undisclosed sum.