Broker
Insurtech 2.0 must embrace the concept of brokers
Flock CEO Ed Leon Klinger said in order for insurtechs to continue to grow their scale and distribution capabilities, they needed to use the concept of brokers.
Insurance Post Podcast: How to achieve a successful merger
Insurers wanting to get the best price for their business need to reassure a buyer that what they see on day one of sales talks is what they will get when the deal is completed, according to McLarens and Clear Group.
RSA quickens broker base build-out and plugs proposition gaps
RSA is aiming to strike up new trading relationships with twice as many brokers as it did last year in 2023, following steps to improve its level of service and its proposition.
Jensten buys three brokers; CFC launches IP solution; Optio appoints CEO
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Howden snaps up Reich
Howden has bought Reich Insurance Group, for an undisclosed sum, in a “significant step” to increase its footprint across north west England.
‘Hardly any insurance players put customers at the heart of the product,’ says Beale
Dame Inga Beale has said radical thinking is needed to change insurance, encouraging insurtechs to continue challenging the current way of operating.
Ardonagh’s Swindle looking to establish clarity in the market
Ardonagh UK Commercial MGA CEO Jaime Swindle wants to be clearer regarding strategy moving forward, before looking at growth opportunities in the second half of the year.
Affordable housing - lessons from this year’s subsidence surge
Blog: In light of last year’s dry summer, evidence of a surge in subsidence damage to UK properties emerged when insurer LV reported a 205% rise in cases between June and July this year alone. Mark Curtis, associate director at Brawdia considers the…
What goes around is coming around on leaseholder insurance fees
News Editor's View: Scott McGee warns insurers and brokers that the ‘huge scandal’ of leaseholder insurance fees could be coming back to haunt them.
Insurance Post Podcast: Are insurers ready for the FCA’s Consumer Duty?
Insurers who think they've already met the Financial Conduct Authority’s Consumer Duty requirements shouldn't be "resting on their laurels", DAC Beachcroft has warned.
View from the top: LV’s Michael Lawrence on keeping customer confidence in uncertain times
Michael Lawrence, distribution and underwriting director at LV Broker, says the industry can’t rely on good fortune to maintain customer confidence in the face of the challenges that 2023 will bring.
Coalition reports strong UK launch as organisations look for non-restrictive cover
Cyber insurance provider Coalition says it has outstripped its expectations in its first six months of trading in the UK, attributing this in part to the proliferation of ransomware sublimits in the market.
Diary of an Insurer: Gallagher's Andrew Corbin
Morning stretches mean Andrew Corbin, partner and chair of the race and ethnicity network at Gallagher, doesn't break into a sweat during renewal season while also working to make the industry more inclusive.
Consilium's co-CEOs are targeting £1bn GWP by 2026
Consilium's co-CEOs James Baird and Paul Richards say the focus for 2023 is growing speciality areas, and to deliver £1bn in gross written premium by 2026.
View from the Top: Partners&’s Phil Barton on brokers' role as advisers in an unstable world
Phil Barton, CEO of Partners&, argues that a tumultuous world has put paid to a transactional approach to insurance and says larger brokers need to put clients before shareholders.
Insurance Post Podcast: How the great resignation made insurance an employee’s market
The activities you post plus the chatter among insurers on Linked In is increasingly playing a role in attracting talent to the insurance industry, according to Verlingue UK, Allianz Commercial and Claims Consortium Group.
How insurers and brokers are tackling commercial underinsurance
Analysis: Pamela Kokoszka examines how commercial insurers are adapting their approaches to address underinsurance that could prove a fatal blow to businesses in the current economic climate.
Trade Voice: MGAA’s Mike Keating on why the outlook for 2023 is positive
Mike Keating, CEO of the Managing General Agents Association, says that despite external challenges, MGAs continue to demonstrate their value to their insurer and broker partners.
Insurance broker’s killer is jailed for life
A man has been jailed for life for killing a young insurance broker he mistakenly blamed for losing his life savings.
Diary of an Insurer: Zurich's Caroline Dunn
Caroline Dunn, chief underwriting officer of Zurich UK, learns from customer complaints, is humbled by LGBTQ+ colleagues sharing their experiences and unites with brokers to push for regulatory consistency.
Maximising market opportunities through differentiation and relevance
Blog: Shreyas Vasanthkumar, managing director EMEA at Duck Creek Technologies, discusses why modern producer relationship management systems are the key to delivering positive customer outcomes.
Gove to ban insurance commissions for freeholders
After an FCA investigation and a tribunal ruling, the Secretary of State for Levelling Up, Housing and Communities, Michael Gove has outlined plans to ban managing agents and freeholders from taking commissions when taking out buildings insurance.
Gillighan departs Somerset Bridge and Southern Rock
Chris Gillighan, the managing director of Somerset Bridge’s managing general agent and Southern Rock’s in-house insurer, is understood to have left both businesses.
Diary of an Insurer: LV’s Michael Lawrence
Michael Lawrence, distribution and underwriting director of LV Broker, tends to his chickens plus a clash with a deer sees him put the insurer’s windscreen repair service to the test.