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Experts warn that cost of living crisis could increase ghost broking cases

Today

The sky-rocketing cost of living and the longer term economic effects of the pandemic could lead to an increase in ghost broking, experts have warned.

LV issues fire and subsidence warning amid heatwave

Today

LV Insurance has warned that the claims for heat and fire have increased due to the extreme weather the UK is currently experiencing.

Biba adds eSentire as associate

Friday

The British Insurance Brokers' Association has added eSentire as an associate to offer members support on cybersecurity.

Top 5 read stories: 8-12 August 2022

Friday

The top five most read stories by brokers this week.

People Moves: 8-12 August 2022

Thursday

Keeping you up to date with the latest insurance moves.

MGAs rising up GRP’s buying plans

Thursday

The takeover of Global Risk Partners by Brown & Brown has enhanced GRP’s ability to buy managing general agents as well as strengthening the pipeline for deals with brokers that did not want to be under private equity ownership, according to CEO Mike Bruce.

Movo signs agency deal with CNA

Thursday

Broker network Movo Partnership has added CNA to its panel of capacity providers.

Policy Expert targets doubling within five years, says CEO Steve Hardy

Wednesday

Policy Expert is aiming to double its one million customer count through further organic growth, adding new lines and potentially international expansion and acquisitions in the next five years, according to CEO Steve Hardy.

Aviva UK sees COR deteriorate and operating profit slip

Wednesday

Aviva UK’s combined operating ratio for H1 2022 has deteriorated to 95.6% and operating profit dropped to £159m from £169m in the same period last year.

Registration opens for 2022 Dive In festival

Wednesday

Diversity initiative Dive In has opened registration for its 2022 festival as it calls on the insurance industry to build braver cultures.

C-Quence adds excess D&O product

Wednesday

Digital managing general agent C-Quence has added excess D&O to its financial lines product range.

FOI reveals scale of FCA investigation into leaseholder insurance

9 Aug 2022

A Freedom of Information request by Insurance Age has revealed that the Financial Conduct Authority has held 59 meetings, 10 workshops, engaged Deloitte as a consultant and had up to 31 employees working on its ongoing investigation into multi-occupancy buildings insurance.

GRP-owned Newstead promotes Sarah Giles to managing director

9 Aug 2022

Newstead Insurance Brokers has named Sarah Giles as managing director as part of a leadership restructure.

Tribunal overturns CMA Most Favoured Nation clauses ruling and £17.9m Compare The Market fine

9 Aug 2022

A Competition Appeal Tribunal has overturned a decision by the Competition and Markets Authority which was set to fine Compare the Market £17.9m for breaking competition rules on use of Most Favoured Nation clauses.

Lloyds Bank changes track on broker account options

9 Aug 2022

Lloyds Bank is to expand the number of options on the table for brokers just months after the furore over its move to close undesignated client accounts, Insurance Age can reveal.

Chaucer’s head of insurance insists the industry must be more inclusive for women

8 Aug 2022

The head of insurance at Chaucer, Xamira Groves, has told insurance Age that there is “plenty more” to be done with women taking on roles in the insurance industry.

Gallagher buys specialist crisis and risk management consultancy AnotherDay

8 Aug 2022

Gallagher has added global risk consultancy AnotherDay to its portfolio and the team will become part of its London specialty operation.

Ageas names Claire Green as director of distribution

8 Aug 2022

Ageas has appointed Claire Green as its new director of distribution in a move it said was further evidence of its commitment to the personal lines broker market.

Gallagher denies negligence and breaches over Paradigm claim

8 Aug 2022

Gallagher has hit back at claims by client Paradigm Housing Group that it acted negligently and breached its duty over cover for a £8m flat complex which had its roof blown off in 2020 storms.

PIB 2021 deal costs total £85.5m

5 Aug 2022

PIB Group spent £85.5m in 2021 snapping up eight businesses, the broker’s annual report has revealed with revenue growing to over £230m including 9% organic growth.

Mainly international news…