Brexit
Mike Bruce: GRP's acquisition strategy not about putting flags in the map
Group MD discusses future deals and explains why the consolidator does not see Brexit as a reason to expand outside of the UK.
Falling business volumes have not dampened insurance sector optimism, PwC and CBI report
A survey by the organisations points toward M&A activity as the source of such positivity.
Brexit cost for financial services sector nears £4bn
EY says Brexit preparations have slowed after the deadline for the UK to leave the EU was extended.
Brexit: FCA confirms extension of the Temporary Permissions Regime deadline
The deadline has been revised after originally being set for 28 March 2019.
AIG Europe moves back into profit
The business underwent a restructure in 2018 in preparation for the UK’s exit from the EU.
PIB seeking to raise £100m - £200m to fund growth
Firm looking for further investment but has no plans to stop working with Carlyle Group.
FCA confirms no deal Brexit rules
Rules have been approved by the Treasury and will come into force on exit day if the UK leaves the EU without a deal.
The growing use of credit to buy insurance
New research by Premium Credit reveals the insurance intermediary market anticipates consumers will use credit more this year when buying insurance.
Quizzical Questions: 22 March 2019
Test your knowledge of the week's news with our topical quiz.
FCA urges firms to apply for TPR and FSCR ahead of Brexit
Regulator calls on financial services market to submit applications before 28 March.
EY report reveals £1 trillion Brexit exodus
The organisation has estimated that £1trn worth of financial services business across 23 companies has left the UK for the EU.
Insurance Hound: Most read by brokers in January and February 2019
Which topics have been sparking brokers’ interest?
ICB Group reveals profit rise in 2018
Broker was recently bought by French firm Verlingue.
Broker Summit 2019: FCA addresses “hideous” clone brokers
Economist Vicky Pryce also shared some insight around how the economy could perform following Brexit.
News analysis: Brokers branch out into Europe as Brexit countdown continues
As the uncertainty over Theresa May’s withdrawal agreement drags on, many brokers have made moves to try to offset any changes to rules governing trade with European Union countries
FCA finalises no deal Brexit guidance
Regulator clarifies rules around Gibraltar-based firms.
FCA publishes Brexit guidance for general insurance firms
The regulator has issued the information for companies to use in the event of hard or soft Brexit and urged brokers to act “without delay”.
ABI slams “unforgivable” no-deal Brexit
Huw Evans described it as an act of economic and social self-harm and outlined potential damage to the insurance sector.
Profit, COR and GWP all improve at Hiscox
COR is 94.4% for the group but UK reports broker “indigestion” as the provider beds in new systems and admits changes had a knock-on effect on service. Plus insurer reveals Brexit costs.
QBE Europe posts GWP rise for 2018
COR also improved, while provider's insurance profit dipped slightly compared to 2017.
Germany extends passporting rights for UK insurers
The country has adopted some special provisions in case of a no deal Brexit.
Ageas' profitability back to pre-Ogden levels
CEO Andy Watson says motor was the "star of the show" in 2018, comments on Brexit preparations and addresses potential redundancies in Stoke and Port Solent offices.
NIG develops Brexit stock cover extension
Updated: It has been added to a number of lines following reports about companies increasing the level of stock-piling to prepare for the UK leaving the EU.
Allianz prepared for "turbulent" 2019
UK CEO Jon Dye pledges commitment to brokers as Brexit uncertainty impacts the market.