Broker
Biba 2021: FCA’s Matt Brewis says BI claims payments could have been made quicker post-judgment
While acknowledging the complexity around Covid-19 business interruption claims, an FCA representative has said he believes payments could have been made quicker following the January test case judgment.
Broker and insurer FSCS levies still up despite forecasts being slashed
The Financial Services Compensation Scheme has issued final levies for 2021/22 of £73.8m for brokers and £189.8m for insurers, down significantly on initial estimates but still up on this year’s bills.
Biba 2021: 'Unified action' needed to fix PI insurance problem
With professional indemnity insurance prices soaring, and insurers increasingly withdrawing cover, panellists at the British Insurance Brokers' Association conference called for insurers and brokers to collaborate to bring back value for customers.
Biba 2021: Key takeaways from John Glen's appearance
John Glen MP, Economic Secretary to the Treasury, tackled insurance premium tax, broker Financial Services Compensation Scheme levies, cladding, Brexit and more in his keynote address to the British Insurance Brokers’ Association’s 2021 conference…
Biba 2021: Biba extends conference for extra day
The British Insurance Brokers' Association will open its annual conference for an extra day, following difficulties accessing the virtual conference platform yesterday.
Biba Conference Special: Returning to a new normal - supporting commercial clients and brokers in the post-Covid world
The Covid-19 pandemic changed the business landscape in the UK practically overnight. Jon Walker, CEO of Axa Commercial in the UK, and Elie Hanna, chief distribution officer for UK and Lloyd’s at Axa XL, discuss how insurers should be working to support…
Biba 2021: 'Knee jerk' silent cyber reaction led to unintended consequences
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Biba 2021: The Future of Broking
Partners& CEO Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility…
Gallagher to pay $3.57bn for WTW assets including Willis Re
Aon and Willis Towers Watson have agreed to sell Willis Re and a portfolio of WTW assets to Gallagher for $3.57bn (£2.52bn) to help smooth their merger deal.
Biba conference website disrupted as trade body blames server issues
Delegates set to attend the British Insurance Brokers’ Association’s online annual conference have been unable to access the platform.
Biba Conference Special: Q&A
Ahead of the British Insurance Brokers' Associations first virtual annual conference Post caught up with some movers and shakers to find out what they were hoping for out of this year's event.
Aon’s Richard Dudley on mental health
Richard Dudley, CEO of Aon’s global broking centre and co-sponsor of Aon’s UK mental health network, shares some reflections and lessons from the past year during Mental Health Awareness Week.
Biba Conference Special: Q&A with Steve White
Ahead of the British Insurance Brokers’ Association hosting its annual conference online for the first time ever, Post caught up with CEO Steve White to discuss what virtual attendees will see and hear about, the trade body’s ongoing lobbying and his…
Brendan McCafferty exits Markerstudy's Brightside with rest of senior leadership team to follow
Former Brightside CEO Brendan McCafferty has left the broker following its purchase by Markerstudy, with the rest of Brightside’s leadership team to follow and the possibility of role reductions for more junior staff, Post can reveal.
FCA urged to speed up broker authorisations with approvals taking 121 days
A freedom of information request by Post to the Financial Conduct Authority has revealed the watchdog is taking an average of 129 days to make a decision on authorising firms applying for permission to trade as general insurance brokers selling non…
Advertising feature: Giving the sales process the human touch is paramount post-Covid
When purchasing insurance, customers turn to brokers for support to ensure the product is suitable and meets their needs. Rob Saunders, ActiveQuote CEO, explains why when it comes to the sales process human touch and interaction cannot be replaced by the…
Editor's comment: Proving its resilience
With May comes the market staple of the British Insurance Brokers’ Association conference, albeit in a slightly different virtual guise. Our thoughts therefore turn to the broking sector and what the impact of the last 12 months have been on it.
British Insurance Awards 2021: Shortlist Revealed
Who will be walking the red carpet on 15 September as a contender at the 27th British Insurance Awards?
Interview: Stephanie Smith, Allianz
Allianz Insurance chief operating officer Stephanie Smith virtually joined Jen Frost to discuss her engineering and aviation experiences, Allianz’s LV and Legal & General integrations and £5bn ambitions.
Direct Insurance restructures and rebrands as Aventum ahead of hitting acquisition trail
Direct Insurance Group has restructured, combining its UK and international teams into one group under the brand Aventum.
RSA's Rob Flynn on embracing the SME evolution
Nearly six million small companies make up the backbone of the UK economy and the last 12 months have seen them adapt in ways that they have never had to before. Rob Flynn, director of UK SME at RSA, asks what insurers can and should be doing to help…
Chubb and Marsh unveil Covid-19 vaccination solution; insurtech investment hits quarterly high; motor/home premiums fall; and Aviva offers cover to new customers affected by cladding crisis
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Briefing: Tracking the Ardonagh Portfolio Solutions and Beazley deal
The recently announced tie-up between Ardonagh Portfolio Solutions and Beazley is most immediately of interest to those with a London Market leaning. However, there are potential future implications for the UK retail market.
FCA contacts 2800 firms about missing SMCR directory data
Experts have warned of the potential for fines and regulatory permissions being removed as the Financial Conduct Authority contacted 2800 firms about their directory persons information after the deadline for submissions passed on 31 March.