United Kingdom (UK)
Start-up The Yorkshire Broker targets SME
A new commercial insurance broker, The Yorkshire Broker, which is set to launch officially in the SME market in February has shared its frustration over the Financial Conduct Authority’s lengthy application process.
Gove vows commission-chain ban as FCA buildings review on highest charging brokers imminent
A Financial Conduct Authority review into brokers charging the highest commissions for work on buildings insurance is due in just a few weeks as government minister Michael Gove vowed to ban commission-chains and bring in ‘transparent’ fees.
Atec leader sets out doubling target
Atec, parent company for Ceta Insurance and Arkel, has plans to more than double its business through organic growth in niche insurance lines over the next five years and will continue to pursue strategic acquisitions.
Arch reveals four UK sector heads to get closer to brokers in underwriting structure shift
Arch Insurance has named UK leaders of property, casualty, specialty and digital underwriting and expanded the scope of its underwriting managers, with immediate effect.
Alan Boswell buys ARW Wealth Managers
Norwich-headquartered Alan Boswell Group has boosted its financial services offering buying ARW Wealth Managers.
David Howden hails double digit UK organic growth and promises more buys
Howden Group CEO, David Howden, has praised the “very strong” and “across the board” organic growth in the business’ UK “pillars” as he revealed the progress at Aston Lark and A Plan.
Hayes Parsons snaps up PI broker
Hayes Parsons Group has bought Bristol-based professional indemnity specialist Ntegrity Insurance Solutions.
Senior managers’ regulatory reform could heap extra costs on firms
Changes to the Senior Managers and Certification Regime could lead to extra regulatory costs, especially if the government pursues a major shake-up, experts have warned.
Howden posts 19% organic growth for 2022
International insurance group Howden has reported 19% organic revenue growth for 2022, the year it completed the purchase of Aston Lark.
Gallagher ends 2022 with its highest quarter of UK organic growth
Gallagher has posted organic growth in the UK of 17% for the final quarter of 2022.
PFS CEO warns of damage from turbulence with CII
Interim CEO of the Personal Finance Society, Don MacIntyre, has hit out at the ongoing damage to the Chartered Insurance Institute and the PFS as the row over board appointments rumbles on.
Former NIG boss Greenwood named Direct Line acting CEO as James steps down
Direct Line Group has appointed Jon Greenwood as acting CEO following Penny James stepping down from the permanent role with immediate effect.
People Moves: 23 - 27 January 2023
Stay in the loop with the latest recruitment moves within the insurance industry.
Aviva launches digital training hub to boost workforce skills
Aviva has launched a Norwich-based digital training hub called The Foundry.
TheCityUK criticises regulators’ “slow, inefficient and unpredictable” authorisation processes
A report by TheCityUK has found that financial regulatory authorisations at the Financial Conduct Authority and the Prudential Regulation Authority can be slow and can undermine firms’ confidence in the regulators’ operational efficiency.
Marsh navigating ‘uncertain world’ as revenue rises 3% in 2022
Marsh has posted a 3% revenue rise to $10.51bn (£8.5bn) in 2022.
Biba eschews stuffing manifesto with simple, low hanging fruit, says White
The British Insurance Brokers’ Association’s manifesto is not a “bellyache” document but one full of solutions, CEO Steve White told Insurance Age.
Beazley launches private equity liability product
Beazley has rolled out a private equity liability insurance product designed to focus on the D&O risks within the long-term lifecycle of portfolios held by private equity firms.
Car premiums surge 19% in 2022
Comprehensive car insurance premiums increased sharply by 19% during the last 12 months, with UK motorists now paying £629 on average, according to the latest Car Insurance Price Index.
Miller restructures business into two divisions
Miller has revealed that it is re-aligning its business into two divisions, Miller UK and Miller International.
Biba manifesto 2023 - cost-of-living crisis in depth
The British Insurance Brokers' Association has focused in on the role brokers can play to help the UK tackle the current cost of living pressures, as it launched its 2023 manifesto.
Movo buys CCS Insurance
Movo Partnership network has bought CCS Insurance adding £1.8m of gross written premium and three staff to the group.
Biba flags concern on businesses cutting cyber cover
Some 40% of members involved in research by the British Insurance Brokers' Association told the trade body they had clients who were no longer insuring their cyber risks due to the cost of living crisis.
Aviva hit with extra claims costs from cold weather snap
Aviva has estimated that freezing weather in the UK during December will cost the insurer around £50m at a group level.