People moves: 31 January- 4 February 2022
Keep up to date with the latest industry moves from the insurance space.
Featuring: Brit Insurance, RSA, Incited, J3, CFC, Tempcover, Insurance Fraud Bureau, Zego
Brit appoints chief data officer
Brit has appointed Kanika Chaganty as chief data officer as the business furthers its ambition to build on the digitalisation of the London market.
In the newly created role, Chaganty will be responsible for leading Brit’s data strategy and leveraging its data and analytics capabilities to support Brit’s digital vision and enhance how the company underwrites and services
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JMG in quadruple deal swoop
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People Moves: 18 – 22 November 2024
Follow the latest insurance personnel moves.
FSCS gives first insight on increasing levy to £394m
The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.
News analysis: Acquisitional independent brokers are on the rise, but are they any different to consolidators?
Whilst larger international and private equity backed-brokers might get the most headlines when it comes to mergers and acquisitions, they are not the only firms looking to buy. Martin Friel looks at the emergence of a host of smaller independent companies which are looking to supplement their organic growth with the odd dabble into M&A.
Close Brothers bringing in written consent rule on commercial broker premium finance commission
Close Brothers will require consent from commercial customers for broker commissions for premium finance as of Monday 25 November.
Konsileo seals £8m fundraise
Top 100 insurance broker Konsileo has completed an £8m fundraise to accelerate its expansion across the UK, Insurance Age can reveal.
JM Glendinning Real Estate expands footprint into London
JM Glendinning Real Estate is growing its team and geographic footprint with a new base in London this month.