United Kingdom (UK)
Swinton invests £45m in IT and digital distribution channel
Swinton has said it is hoping to transform its distribution model with a £45m investment in IT. This follows a restructure that will shut 84 branches and leave 900 people out of work.
Nigel Farage slams Lloyd's chairman over Brexit warnings
Nigel Farage has criticised Lloyd's of London chairman John Nelson over pre-referendum warnings on the negative impact of Britain withdrawing from the European Union.
Newly-formed Towergate successor to target rapid growth
The as yet-unnamed general insurance group formed out of Towergate and other brokers has ambitious plans to expand its revenue.
#BibaFever: B-B-Q: Aviva, Towergate and Zurich set out insurance industry demands for new UK Government
As the British Insurance Brokers’ Association got underway in Manchester this morning, the #BibaFever team went out to grill senior executives about the issues that matter.
Biba 2017: Warning of 'storm clouds' over future for brokers
Opening the British Insurance Brokers’ Association’s annual conference today, CEO Steve White warned of “storm clouds” on the horizon for the sector.
Q&A: Rob Flynn, More Than
More Than relaunched last week with a new advertising campaign featuring fictional Scandinavian founder Mordenn Surenns. Real-life boss of More Than Rob Flynn talks about the developments behind the scenes at the direct insurer.
Broker: Feeling exposed?
Many brokers’ professional indemnity policies contain exclusion clauses that limit their cover, leaving them and their customers exposed
Towergate to cut costs by £51m by 2018
Towergate is to cut expenses costs by £51m across the group by the first quarter of 2018, the firm said.
BIBA 2017: The conference, as it happened
The British Insurance Brokers' Association held its 2017 conference in Manchester.
Majority of brokers concerned about Ogden rate decision
More than 70% of brokers are concerned over the Ogden discount rate and the effect it could have on the number of people buying their policies, according to Covea’s latest broker survey.
Broker Network will not rejoin Towergate, CEO confirms
Broker Network will not rejoin Towergate as part of HPS and MDP’s newly formed general insurance giant.
Legal & General appoints Carol Hughes as head of regional broker
Legal & General has appointed Carol Hughes as head of regional broker within its GI division.
Hiscox chooses Luxembourg as post-Brexit base
Hiscox has announced plans to open a European subsidiary in Luxembourg in response to Britain’s exit from the European Union.
Towergate posts profit and revenue growth in first quarter
Towergate has delivered the third consecutive quarter of year-on-year growth as profit and revenue continue to climb in the first three months of 2017.
Towergate backers launch general insurance giant
Towergate backers HPS Investment Partners and Madison Dearborn Partners will consolidate Towergate with Autonet, Chase Templeton, Price Forbes and Ryan Direct to form a general insurance giant.
Trade voice: MGAA on empowering Millennials
Over the past few months, the board of the Managing General Agents' Association has set a new five-year strategy, Peter Staddon, its managing director, questions what the world will look like then.
Blog: Brokers needn't fear FCA commission reforms
If the Financial Conduct Authority restricted gross rate commissions on finance arrangements, brokers could feel a painful blow. However, they could claw back income elsewhere, argues Ravi Takhar, CEO of Bexhill UK, urging them to bring the premium…
AI unlikely to wipe out jobs but will have 'significant' impact on insurance industry
Investment into Artificial Intelligence start-ups has gone up by 80% since January last year but there is some time to go before technology wipes out jobs in the industry.
Insurance industry heavyweights make it on 2017 rich list
Admiral founder and CEO Henry Engelhardt, BGL founder Douw Steyn, and Saga Group’s Sir Roger and Peter De Haan, are among industry figures in the latest Sunday Times Rich List.
Hood Group gets government funding for AI and machine learning project
Hood Group has secured over £96,000 in government funding from Innovate UK that will help it develop data and Artificial Intelligence services.
Three in court tomorrow for murder of Guy Hedger
Three men will appear in court tomorrow for the murder of insurance marketing executive Guy Hedger.
UK General hires Bluefin chief risk officer
UK General has appointed former Bluefin executive Jane Bean as chief risk officer.
LV's Steve Treloar on learning from the independent broker
For years, there has been talk in the industry about the future role of brokers in the sector, Steve Treloar, managing director of general insurance at LV explores the issus.
Blog: Social media tips for brokers
Ahead of the annual conference of the British Insurance Brokers' Association in Manchester, Joel Markham, head of regional broker distribution at Ageas, shares his tips on how to leverage social media.