United Kingdom (UK)
Only 8% of broking CEO and 5.4% of chair roles held by women
With gender diversity falling in key regulated senior management functions at brokers and lagging behind the low levels in the FCA-regulated financial services sector Insurance Age takes a deep-dive into which posts are held by women as our Broker…
Daines Kapp's George Worby first to complete Allianz's broker apprenticeship
Allianz has revealed its first success story in its broker apprenticeship programme which it believes could help tackle the recruitment crisis.
FCA raises concerns on D&I strategies
The Financial Conduct Authority has warned that firms’ diversity and inclusion strategies are not consistently based on a clear diagnosis of their specific circumstances and challenges, meaning actions and initiatives may not be appropriately focused.
UK broking M&A shrinking in 2022 as market becomes saturated
UK broking deals valued at £5m and above are set to reduce in 2022 as the number of available brokers for purchase shrinks.
FCA reveals ESG committee line-up
The Financial Conduct Authority has established an environmental, social and governance advisory committee to help the regulator execute its ESG-related responsibilities.
QBE launches new financial lines product
QBE Europe has launched a new warranty and indemnity product due to increased mergers and acquisitions.
Stark FOI data reveals scale of broking’s gender diversity leadership gap
Broking’s lack of gender diversity in key senior management function roles has got worse since 2020 with the sector also falling behind the current low levels set by the FCA-regulated financial services industry, a Freedom of Information request by…
Reform of senior managers’ regime chance to speed up director approvals – compliance experts
Government plans to reform the Senior Managers and Certification Regime are an opportunity to speed up approval processes which are taking too long, compliance experts say.
Ripe Thinking hires ex-Towergate duo to 'help drive growth'
Insurtech broker Ripe Thinking, has hired Simon Trott as chief operating officer and Rob Styring as chief financial officer.
RSA can no longer 'hide behind the screen' to engage brokers - Catherine Frost
Stakeholder engagement with brokers is a priority for increased visibility, according to RSA regional managing director Catherine Frost.
Opinion: Employee ownership - the pros and cons of different schemes
Co-founder and former director of Ten Insurance Services, James Sharp, shares his experience of three employee ownership schemes as the route becomes increasingly prominent in broking
FCA ‘haven’t thought through’ plans for PI insurers to pay millions in IFA claims
Insurers have a number of valid reasons to reject claims from IFAs who mis-sold pensions to British steel workers, according to a legal expert.
Politicians target reform of Senior Managers and Certification Regime in ‘Brexit dividend’
The government has announced plans to begin a review into reforming the Senior Managers and Certification Regime.
Jensten Group snaps up UK motor broking specialist
Jensten Group has bought specialist broker Bellegrove, boosting its presence in UK motor trade and fleet insurance.
People Moves: 5 - 9 December 2022
Keep up to date with the latest personnel changes in insurance.
Backpage: December 2022
The lighter side of the world of insurance.
Broking Success: Partnership power
Stuart Reid, non-exec chair of Partners&, explains why a penchant for buying does not make the broker a consolidator and how staying true to its founding ideals has helped it grow – with more to come
Aon’s Jane Kielty named deputy chair at Biba
The British Insurance Brokers’ Association has confirmed Aon’s chief commercial officer Jane Kielty will become its deputy chair on 1 January taking over from Laura Hancock.
Miller launches new D&O product
Miller has launched D&O Construct, a new product for the UK construction sector, designed with Dual.
Market Moves: December 2022
Keep up to date with the latest personnel moves in insurance.
Union calls for urgent action amid FCA staff morale “collapse”
The Financial Conduct Authority needs urgent staff reform amid a collapse in morale that means it cannot regulate effectively, union Unite has claimed.
News analysis: What next for brokers amid FCA premium finance crackdown?
The Financial Conduct Authority’s premium finance crackdown threatens a significant revenue earner for brokers. Big players with strong balance sheets are making moves
Romero Group makes first acquisition
Independent broker the Romero Group has made its first acquisition, purchasing the Sentient Group.
ICO fines five firms £435,000 for unlawful “white goods insurance” marketing calls
The Information Commissioner’s Office has fined five firms a total of £435,000 for making nearly half a million nuisance calls trying to sell white goods insurance.