United Kingdom (UK)
A watershed moment for HR
Joanne Wright, people and culture director at Specialist Risk Group, explains how the pandemic has forced a sea-change in insurance HR.
GRP’s County Group buys again in Wales
Global Risk Partners-owned County Group has bought 100% of the share capital of Archenfield Insurance Management in Wales.
Biba extends electric vehicle GAP scheme
The British Insurance Brokers’ Association has approved an extension to its exclusive GAP scheme with Jackson Lee Underwriting to include the recently launched electric vehicle early termination cover.
Zurich opens regional office for East Anglia in Chelmsford
Zurich UK has moved to strengthen its relationships with brokers by opening a regional office in Chelmsford to service the East Anglia area.
People Moves: 11 - 22 April 2022
Keep up-to-date with the top personnel stories on Insurance Age.
Clive Galbraith steps down as chair of Green Insurance
Clive Galbraith has stepped down as chairman of Green Insurance Group but will be staying on with the broker on a part-time basis, Insurance Age can reveal.
Needham Insurance buys Sheffield broker
Needham Insurance Services has bought Baldersons Insurance for an undisclosed sum.
Broker revenue falls at the AA
Revenue from broking activities fell to £100m for the year to 31 January 2022, the AA has revealed.
Extinction Rebellion blockades Lloyd’s
Climate protestors have used superglue, chains and bike locks to block 25 entrances into the iconic Lloyd’s building on Lime Street in London.
Howden buys SPF Private Clients
Howden has signed-up to buy SPF Private Clients for an undisclosed sum, subject to regulatory approval.
Broking Success: Driving ahead with service
Mark Wilkinson, managing director of Norton Insurance Brokers, explains the history of the firm with its specialist classic car and motor trade brands setting out the road ahead with an expanded offering focused on personalised service
Iprism posts increased profit in run-up year to MBO
Iprism Underwriting Agency has reported a 9.7% increase in profit for the year ended 30 June 2021.
FCA warns on broker clone
Colin Halliday, managing director of Trade and Commercial Broking Services, has praised the work of the Financial Conduct Authority and Ten Insurance after being targeted by a clone website.
Blog: Sanctions screening and responsibilities of UK insurance brokers
It’s critical for brokers to understand and manage sanctions screening and anti-money laundering compliance to avoid possible penalties, including fines, reputational damage and potential imprisonment for senior decision makers, says Paul Tasker CEO of…
Experts dissect FCA three-year strategy
The Financial Conduct Authority’s three-year strategy has “a number of headlines for all financial services firms” according to Michael Sicsic, managing director of Sicsic Advisory.
Brokers facing 3.2% FCA fee rise as regulator budget grows to £640.1m
The Financial Conduct Authority has proposed that the general insurance mediation pot where brokers sit will pay £31.4m towards its annual funding requirement in 2022/23.
FCA to add 80 jobs focused on shutting down problem firms
The Financial Conduct Authority will focus resources on preventing serious harm, setting higher standards and promoting competition the watchdog detailed as it revealed its three-year strategy to improve outcomes.
JM Glendinning buys Sphere Group
Newcastle-based insurance broker and risk management firm The Sphere Group has been acquired by JM Glendinning Group for an undisclosed sum.
PIB snaps up international wholesale specialty broker Guest Krieger
The London Market broker writes specialty business mainly emanating from Israel but also from more than 30 other countries.
FCA puts broker commission under the spotlight in multi-occupancy property insurance review
The regulator’s survey includes asking if brokers have a bribery and corruption policy and a request for a copy.
PIB buys Bailey Garner (Health & Safety)
The deal adds nearly 20 staff to the consolidator’s risk management business taking the total headcount to approaching 80.
People Moves: 4 - 8 April 2022
Keep up-to-date with the latest industry moves.
FCA bolsters authorisations team
The watchdog has added two senior directors, a finance director and filled a further 95 authorisation roles.
Lawyers reveal record levels of fines for companies let down by their directors and officers
SMEs racked up over £60m in D&O fines in 2021, compared to £120m between 2016-2020, according to law firm BLM.