Broker
Most-read insurance stories in 2023 revealed
Like Cher, Insurance Post is turning back time to remember the industry Consumer Duty’s efforts, business interruption cases continuing to rumble on, developments at Direct Line, RSA’s personal lines exit, plus the other major insurance events of the…
Thomas Carroll CEO reveals expansion plans
Hot on the heels of Thomas Carroll Group’s 181 employees becoming owners of the business via a trust, the independent broker’s CEO has shared plans to swell the firm’s ranks and open new offices.
Christmas is a time for insurers to give back
Editor’s View: As insurers on Santa’s nice list get ready to receive loads of presents, Emma Ann Hughes reflects on how the industry has given back to society and supported charities this Christmas.
Broker Review of the Year 2023
Brokers reflect on overcoming tough market conditions in 2023 and share their hopes of seeing Justin Bieber at the Biba conference in 2024 “just for the pun of it”.
Questions remain as more brokers sign leasehold pledge
Seven more broking firms have signed up to the leasehold commission pledge in association with the Department for Levelling Up, Housing and Communities.
Miller secures independent future as PE firm is bought out
Insurance broking firm Miller has announced that its private equity backer, Cinven, has agreed to sell its shares in the firm.
Diary of an Insurer: Brokerbility’s Julie Gregory
Julie Gregory, relationship manager at Brokerbility, is a lark not an owl, loves her horses, and manages to cover lots of ground heading to Leicester, as well as seeing lots of regional broker members in the north.
Allianz makes changes to leasehold products following FCA reforms
Allianz has issued an email to its brokers outlining changes to its multi-occupancy buildings insurance products, which includes capping commission at 30%.
Gove brings Bill banning excessive commission to parliament
Michael Gove, Secretary of State for Levelling Up, has brought a Bill to give leaseholders more power, while banning opaque and excessive buildings insurance commissions for freeholders and managing agents.
The challenges and opportunities in the UK insurance brokerage market
Age Lindenbergh, leader of the European Alvarez & Marsal’s Transaction Advisory Group, unpacks the difficulties and opportunities within UK broker consolidation, and how the UK can keep its prominent standing in Europe.
Sabre chair Andy Pomfret passes away
Sabre has announced that its chairman and McGill and Partners director, Andy Pomfret, passed away at the weekend following an illness.
Big Interview: SRG CEO Warren Downey and deputy CEO Lee Anderson
Specialist Risk Group CEO Warren Downey and deputy CEO Lee Anderson explain how Marsh snapping up JLT created a gap in the market for a "great alternative for great specialists."
Managing underinsurance risks and valuations
Analysis: As inflation continues to be an issue across all lines of insurance, Sam Barrett explores how brokers can use AI to manage underinsurance risk and valuations.
Is the broker pledge on leasehold commissions a load of not much?
News Editor's View: After five brokers committed to capping and no longer sharing commissions in a new government pledge, Scott McGee asks: “What is it actually achieving?”
Aon to bring UK and EMEA businesses together
Aon has announced that it is bringing together its client-serving capabilities and operations in the UK and Europe, Middle East and Africa regions.
Q&A: Jacqui Kelly, Zurich
Following her permanent appointment as head of sales and distribution at Zurich, which she took on as an interim in July, Jacqui Kelly explains her plans to deepen the insurer's relationships with brokers.
Five brokers to scrap third-party leasehold commissions
Five insurance broking groups have pledged to stop sharing buildings insurance commissions with landlords and to cap their own fees.
Applied ‘picking up steam’ as it targets more market share in UK
Applied Systems group CEO Taylor Rhodes has hailed a bumper year for the UK business, as it looks to take market share from the ‘weaker’ competition.
CII young brokers turn to TikTok to fight talent war
The Chartered Insurance Institute’s New Generation Broking Group is turning to TikTok and Instagram to attract fresh talent to the industry.
Biba launches FVA framework after FCA scrutiny
The British Insurance Brokers’ Association has launched a new framework to help members better articulate fair value.
Gallagher’s Foley on why post-M&A integration is key to success
View from the top: Ronan Foley, CEO of Gallagher in Ireland, explains why post-acquisition integration can be make or break for brokers.
How Birmingham’s insurance sector is evolving
As sister title Insurance Age takes over the Birmingham NEC for Broker Expo and the Broker Awards, Insurance Post looks at the challenges and opportunities facing the city’s insurance sector.
FCA promises action against overcharging brokers
The Financial Conduct Authority has warned brokers it will “take action” against those charging inflated commissions for arranging cladding cover, with some charging up to 62%.
FCA to hit brokers with fresh leasehold insurance reforms from 2024
The Financial Conduct Authority has issued a wave of reforms around leasehold buildings insurance, coming into force in the new year.