United Kingdom (UK)
A-Plan and Aston Lark names disappear with Howden rebrand
Howden has rebranded A-Plan and Aston Lark, introducing its own name to 215 locations across the UK and Ireland.
My Perfect Broker Week: Taveo’s Ed Halsey
To tie in with the first-ever UK Broker Week, we asked our speakers to outline what their perfect working week would look like. Taveo’s co-founder and chief operating officer, Ed Halsey, shares his thoughts.
Biba welcomes FCA flat insurance reforms
The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority’s rule changes on residential multi-occupancy buildings insurance.
FCA confirms start date for leasehold buildings insurance reforms
The Financial Conduct Authority has confirmed new measures to support leaseholders in the multi-occupancy buildings insurance market will come into force on 31 December which for brokers will mean being transparent on commission and a near ban on paying…
‘Extremely disappointed’ Alec Finch to appeal judge’s fraud verdict and damages
Alec Finch said he was ‘extremely disappointed’ and would appeal the judge’s verdict that favoured Toby Esser and his team, who claimed fraud took place when they were sold the AFL broker.
People Moves: 25 – 29 September 2023
Stay in the loop with the latest insurance personnel moves.
FCA flags PI concern in AR update
The Financial Conduct Authority has highlighted the need for principal firms to have compliant professional indemnity insurance to cover the activities of current and former appointed representatives.
Partners& takes on Hall Insurance Services
Partners& has expanded in the South East with London-based Hall Insurance Services.
Ex-AFL owners Bob and Alec Finch guilty of fraud in broker sale
Former AFL owners Bob and Alec Finch committed fraud by misrepresenting their financials in the sale of their business, a High Court judge has ruled.
Biba CEO Trudgill hails protection signposting success as agreement renewed
More than 30,000 consumers have sought help to access life and protection insurance since an industry agreement to signpost customers with medical conditions to specialists was introduced in January 2020 spearheaded by The British Insurance Brokers’…
Moody’s stays negative on outlook for UK insurance
Ratings agency Moody’s has kept its negative outlook on the prospect for UK property and casualty insurance warning of higher reinsurance costs and pressure on personal lines margins as price growth lags inflationary cost increases.
RSA launches pension liability trustee product
RSA has expanded its mid-market financial risks portfolio with the launch of a pension trustee liability insurance product.
Ecclesiastical UK & Ireland COR balloons to 106.6%
Ecclesiastical Insurance’s combined operating ratio in the UK and Ireland shot up to 106.6% in the first half of 2023 from 94.5% in the same period of 2022.
Saga pauses sale of insurance arm Acromas as broking profits slip
Saga has decided to “pause” the sale of its underwriting business Acromas Insurance, the over-50s specialist has confirmed.
Premium finance market warned of serious consequences amid latest FCA concerns
The premium finance market is being warned it faces serious regulatory consequences after the Financial Conduct Authority issued yet more concerns about industry practices.
Brokers confident in commercial motor growth but have capacity concerns: survey
A survey has revealed that 83% of brokers do not believe there are enough specialists or insurers offering capacity for the haulage, waste disposal and courier markets.
Brokers “front and centre” for Hiscox, says Dye on one-year anniversary
Celebrating his first year as UK CEO of Hiscox, Jon Dye tells Insurance Age about the central role of brokers in the insurer’s growth strategy across its new operating model in high net worth, beefed up regional structure and schemes ambitions.
Clear completes hat-trick buying Bluestone in Cirencester
Clear Group swooped for its third deal in September buying Bluestone Insurance Services to boost its presence in the South West.
Arkel Underwriting targets landlord growth with Applied expansion
Arkel Underwriting has rolled out its landlord product, Premier Let, on Applied Systems in its second partnership with the software provider in a matter of months.
MGAs urged to check on capacity partnerships amid Vesttoo fraud scandal
Managing general agents and carriers are being urged to carry out 'robust and periodic due diligence' following the Vesttoo insurtech scandal.
HSB broker research pinpoints computer cover gap
A poll of insurance brokers by HSB has suggested that two-thirds of businesses are not considering computer insurance risks arising from evolving working practices.
One Call boosts policy count and profits in 2022
Doncaster-headquartered One Call Insurance Services has posted double digit increases in profits and policy count for 2022.
Regulators consult on measures to boost D&I in financial services
The Financial Conduct Authority and the Prudential Regulation Authority have released consultation papers setting out proposals to boost diversity and inclusion to support healthy work cultures, reduce groupthink and unlock talent.
Hiscox names four regional managers in UK broker business reshuffle
Hiscox has appointed Chris Hanson, Darren Love, Laura Garrard and Alex Bailey as the regional managers for its UK broker business, Insurance Age can reveal.