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Showing posts from April, 2023

Biba defends broker earnings after FCA overhaul in property commissions

The British Insurance Brokers’ Association has backed changes the Financial Conduct Authority wants to improve transparency for leaseholders, while also defending broker earnings. from Insurer - insuranceage.co.uk https://ift.tt/3S0o5du

Aviva quits CBI after second rape allegation

Aviva has quit the Confederation of British Industry after a second rape allegation from a woman working at the business lobby group. from Insurer - insuranceage.co.uk https://ift.tt/CGYElZS

Sicsic warns brokers leaseholder commission disclosure sets a 'precedent'

Michael Sicsic, managing partner of Sicsic Advisory, has urged brokers to review all their remuneration arrangements following the Financial Conduct Authority’s report today revealing incompetence and unjustifiable remuneration in the buildings’ insurance market. from Insurer - insuranceage.co.uk https://ift.tt/ACxJbe4

People Moves: 17 - 21 April 2023

Keep up to date with the latest personnel moves in the insurance industry. from Insurer - insuranceage.co.uk https://ift.tt/6zusg8y

UK car insurance premiums see biggest annual rise in over a decade

Car insurance premiums increased by £107 (20%) during the past 12 months, with motorists now on average paying £657, according to research from Confused and WTW. from Insurer - insuranceage.co.uk https://ift.tt/MbaFIPT

Brokers show lack of urgency towards net zero

According to research from Ecclesiastical only two in five national brokers have set a net zero target. from Insurer - insuranceage.co.uk https://ift.tt/w1YvpFA

Axa Commercial boosts regional footprint with Southampton branch

Axa Commercial has opened in Southampton – its 13th UK branch – in line with its commitment to growing its regional trading footprint. from Insurer - insuranceage.co.uk https://ift.tt/tGO7m3i

Stubben Edge sets new goal after hitting first year AR network target

Stubben Edge is eyeing up boosting its appointed representatives network to 40 after hitting its launch goals, network director Gemma Jarrett has revealed to Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/56z1kIE

Covéa jobs at risk amid £145.5m loss

Covéa has been hit by an ‘unprecedented’ series of events leading to a £145.5m loss in 2022. from Insurer - insuranceage.co.uk https://ift.tt/Wv9FYhf

People Moves: 10 - 14 April 2023

Stay in the loop with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/EQVN7ZC

Lloyd’s joins Biba as a partner

Lloyd’s has become the 21st partner of the British Insurance Brokers’ Association. from Insurer - insuranceage.co.uk https://ift.tt/Ww7EeUG

Cowbell enters UK cyber market targeting SME brokers

US cyber specialist Cowbell has entered the UK market with plans to sell its products exclusively through brokers. from Insurer - insuranceage.co.uk https://ift.tt/yRDgp4Z

Markerstudy chief outlines challenges over salary expectations and broker telematics

Mike Wall, Markerstudy head of non-standard, described the challenges facing its telematics brand Smart Driver Club Insurance in a very competitive market. from Insurer - insuranceage.co.uk https://ift.tt/AaVNGif

People Moves: 3 – 6 April 2023

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/Wn5dsAJ

Pen Underwriting chief executive eyes more M&A to get closer to £1bn GWP target

Pen Underwriting chief executive Tom Downey claims the business is on track to hit its £1bn GWP target within three years - and that it will reach it by both diversifying and building on what it already has. from Insurer - insuranceage.co.uk https://ift.tt/TNHhfLS

UK General lost £7.4m ahead of sale

UK General Insurance lost £7.41m in its financial year before being snapped up by RCapital and Montague, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/cXW138Q

Nadia Côté to lead Allianz Commercial in UK

Allianz Group has named Nadia Côté as commercial managing director UK, effective 1 May 2023. from Insurer - insuranceage.co.uk https://ift.tt/iuy7fZs