British Insurance Brokers’ Association (Biba)
Biba given green light by members to instigate strategic restructure
The British Insurance Brokers’ Association has today rubber stamped proposals to restructure its membership and governance models outlined in its strategic review amid overwhelming support from members.
Biba supports whiplash move
The British Insurance Brokers’ Association has welcomed the announcement today by Justice Secretary Chris Grayling to establish independent medical panels to assess whiplash injuries.
Industry warns over reputational risk of FCA’s ‘name and shame’ policy
Regulator’s new plans could see individuals under investigation outed publicly.
Expertise in Action: Broker: Preferential treatment
Few clients are interested in commission disclosure, however, the issue of preferential treatment for brokers that produce the most business for insurers could soon face regulatory scrutiny.
General insurance second only to PPI in H1 2013 FCA complaints
Payment protection insurance and other insurance products were the two most complained about products categories in the first half of 2013, according to the Financial Conduct Authority.
Career file: Peter Staddon - Staddon appointed MD of the MGAA
Peter Staddon has been appointed the first managing director of the Managing General Agents' Association.
Market Moves: Zurich departures and Tripp’s return top what has been a busy week for the market
It was a busy week for insurers seeking to bolster their numbers, with HSB, Avanti and Sterling among the firms to bring in new faces. Zurich, however, may have made the most significant announcement in the form of the departures of two of its broker…
Biba announces a customer focus 2014 conference
The British Insurance Brokers’ Association has revealed the theme for its 2014 conference as Customer, Customer, Customer.
Staddon named MD of the MGAA
Peter Staddon has been appointed as the first managing director of the Managing General Agents' Association.
Swinton urges closer broker ties with IFB after Gumtree success
Social networking sites and eBay still targeted by ghost brokers
Flood Re boost among insurance implications of government reshuffle
New financial secretary Sajid Javid looks set to retain insurance liaison role.
Editor's comment: All change in government
Insurers know only too well that a reshuffle of staff is an opportunity to “bring on fresh talent” but this week the personnel changes were in government rather than in the industry.
Sajid Javid to keep ‘insurance minister’ role
Former Economic Secretary to the Treasury Sajid Javid will maintain his financial services portfolio in his new role as Financial Secretary, Post understands.
Richard Benyon leaves Defra
The current parliamentary under-secretary of state for natural environment, water and rural affairs Richard Benyon MP has announced he is leaving his post at the Department for Environment, Food and Rural Affairs to move to the back benches.
Ex HSBC chief economist to address Biba Scotland
Former HSBC economist Dennis Turner is to give the closing presentation at the British Insurance Broker's Association Scottish conference, set to be held near Stirling on 20 November.
FCA coy over telling firms to boost female headcount in the boardroom
Regulator ‘not looking specifically’ at issue but confusion surrounds CRD IV.
Brokers confident they have professional indemnity gap covered
Many small website providers remain unaware of professional risks.
Rivals set to take advantage of Swinton’s downsizing plans
Firm to close 100 of its 500 branches by end of 2014
Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
Editor's comment: What’s on your wish list?
A J Gallagher is aiming to become a top-three retail broker with its £233m acquisition of Giles, but to achieve this market commentators have said it will need to put efficiency and synergies on its wish list, as its combined operation is estimated to…
Proposals to block broker deals with unrated insurers snubbed by the market
Reid told onus is on brokers to ensure passporting firms are 'financially sound'
Biba urges FCA to leave brokers out of complaints review and focus on insurers
DLG, Aviva and Allianz are top three GI firms in terms of number of complaints
Three GI players in the frame as FCA launches complaints handling review
Three general insurance firms are implicated in the Financial Conduct Authority's latest thematic review into complaints handling at major firms.
Fears unrated carriers will win out as Law Society cover fails to deliver
Brokers have criticised the Law Society’s direct solicitors’ professional indemnity offering for failing to help specialist firms, with some concerned that more than 1000 legal practices could be forced to access unrated markets.