News
Experts urge brokers to look over remuneration after FCA warning on GI distribution failings
Compliance specialists say brokers need to look at the distribution chain and make sure they act in the best interest of the customer.
FCA proposes £537.7m fee budget for 2019/20
The figure is a 2% increase on last year’s with £29m to come from general insurance mediation.
Wonga's Tara Waite (formerly Kneafsey) returns to insurance with Ageas role
Waite was previously at RSA and most recently CEO of Wonga. She is joined on the Ageas boards by Jeremy Hayes.
InsurTech Futures: Inzura launches dash cam solution
Start-up is backed by former LV boss Phil Bunker and Autoline founder Michael Blaney.
#Insagepeople: 15-18 April 2019
Stay up to date with the latest people moves.
PIB seeking to raise £100m - £200m to fund growth
Firm looking for further investment but has no plans to stop working with Carlyle Group.
Arch buys Obelisk Underwriting
The business is to become part of the Arch UK Regional Division and follows its deal to buy Axiom Underwriting earlier this month.
Biba selects Magenta for Escape of Water scheme
The scheme offers Waterlock technology and is supported by an app.
Willis Towers Watson/Confused index shows car insurance premiums fall
It is the first slip after two consecutive quarters of rising premium but experts warn that there will be increases again in future.
FSCS further extends CRL's Alpha deadline
FSCS "hopeful" 30 April deadline could lead to a deal being agreed as CRL continues to look for replacement cover following unrated insurer Alpha's bankruptcy last year.
FCA warns brokers to be ready for SM&CR
The regulator urged brokers to prepare early for the regime which comes into force on 9 December this year.
ERS sale dead as investor decides to stick with the motor insurer
Private equity owner Aquiline has completed a strategic review of the business.
Podcast: The top five news stories of the week
Which articles were brokers most interested in for the week commencing 8 April 2019?
InsurTech Futures: Guidewire's Laura Drabik discusses the impact of InsurTech on brokers
The vice president of business innovation at software platform, Guidewire, outlined key InsurTech trends and explained how brokers can use technology to get ahead.
Construction and engineering facing “capacity blackspots”
Mactavish report claims that insurance companies are reluctant to underwrite the risks in some sectors as market faces “unprecedented” tightening.
CRL responds to FSCS Alpha deadline extension
CEO Steve Mansour says the broker has been working with the FSCS for some months in order to help transfer policies affected by Alpha’s bankruptcy last year.
Quizzical questions: 12 April 2019
Test your knowledge of the week's news with our topical quiz.
Martyn Holman pops up at PremFina
Former Markerstudy group commercial director joins the premium finance firm's advisory board.
Flaxmans launches ombudsman SOS service for brokers
The service has been designed to help brokers assist clients when claims are refused.
Chubb hires new division president for the UK and Ireland retail business
Sara Mitchell will succeed David Robinson who is taking a sabbatical.
Covéa names Carolyn Callan as Simon Cooter's successor
Callan, currently head of SME & schemes at the provider, will take on the commercial lines & HNW director role on 1 May.
Cyber MGA start-up Bewica targets brokers with portal launch and API offering
Cyber specialist managing general agent Bewica is targeting brokers with a suite of tools including risk assessment and reporting tool
Brokers and FSCS step in for Qudos customers following unrated insurer's collapse
The FSCS named Adrian Flux and Tobell Insurance Services as it detailed the transfer of 165,000 policies from the bust Danish provider.
FCA bares teeth at GI firms over treatment of customers
A "dear CEO" letter warned the GI market that the regulator will be monitoring firms to ensure they are conforming to relevant rules and meeting its expectations.