Commission disclosure
This week in Post: Back to business
With the holiday break over, this week has seen people across the UK – some somewhat sluggishly – get back to business.
Besso faces near $10m lawsuit over ‘secret profits’ extracted by rogue former director
Exclusive: Besso is facing an almost $10m lawsuit from a group of hotel companies in the Caribbean, after an ex-director was alleged to have concealed brokerage.
Brokerbility chair calls for a move towards broker fees
Brokerbility chair Ashwin Mistry has called for the market to band together to cut distribution costs and bring in mandatory fees for transactions over £50,000.
This month in Post: Prizes, proposals and pledges
This month began with a bang as the annual British Insurance Awards highlighted the talent in the sector in 1950s style, with industry stalwart John O’Roarke being handed the Achievement Award.
Analysis: Commission costs and conflicts
Aviva and GRP’s split rekindles the consolidator commission debate
Allianz replaces Aviva capacity for GRP-backed Higos
Allianz will provide capacity for Higos’ SME business, following Aviva’s decision to cancel agencies with all GRP-backed brokers.
Blog: Eight things to look out for at Biba 2018
As the UK insurance sector descends on Manchester for the 2018 British Insurance Brokers' Association conference, Jonathan Swift predicts some of the key talking points on the floor and in the bars around the venue.
Blog: Brokers need to cross-sell more
Brokers need to exploit cross-seeling opportunities to protect their business, writes Nick Mohan, joint managing director at Jackson Lee Underwriting, pointing to gap insurance and other niche covers.
Blog: Brokers' bad reputation
So what’s the worst thing you can say to a broker? Accuse them of being commission driven? Question what value they add to customers? Definitely best not to stray into the territory of online comparison sites, says Adrian Saunders, commercial director at…
London market costs 'unsustainable' says Argo CEO
The cost of doing business in the London Market is unsustainable, says Argo Group CEO Mark Watson.
State of the Broker Nation Extra: Insurers
In this extra part of the State of the Broker Nation, we find out what brokers really think about their insurers. Michèle Bacchus asked them plainly – and she has received some frank answers
Week in Post: Rio 2016, diving doggies, a racism row and rejoice, the Insurance Act is finally here!
You know you’ve been bitten by the Olympic bug when you find yourself watching the weightlifting at 1:30am in the morning, hours before you have an event and need to be pretty sharp.
Top 50 UK Brokers 2016: Creating the Top 50
Alan Leach explains the methodology behind the Top 50 UK Brokers and takes a look at the rankings in detail
More transparency on broker commission ‘could hit small firms hardest’
Forcing brokers to disclose commission rates voluntarily to commercial clients could hit smaller firms hardest, the managing director of Alexander Miller has warned.
Broker - Commission: The question of commission
According to some, the trend for insurance brokers to ask for higher commissions shows no sign of abating – but is the evidence there to prove this is true?
Broker Networks: Getting squeezed out?
Can broker networks justify their position in the supply chain? A recent survey aimed to find out how insurers and MGAs viewed them.
Blog: State of the Broking Nation Findings, Week 2
Michael Lawrence of LV takes a look at the findings from this week's State of the Broking Nation research, which looked at commission and politics
Rentguard ‘confident’ over Towergate commission dispute
Rentguard is confident of victory in a dispute with Towergate, in which it has alleged the broker has not paid hundreds of thousands of pounds of commissions following a dispute over new business.
Europe: Commission disclosure - disaster averted?
The Insurance Mediation Directive has been the subject of much conjecture in recent times. So what will the trialogue decide on - and what will the impact on insurers be?
Willis drops contingent commission ban
Broking giant Willis has confirmed that it will drop a ban on taking contingent commissions, just over two years after initially accepting the payments in its employee benefits arm.
C-Suite - Broker: Give the FCA what it wants
Brokers need not fear the FCA, as long as they put customers first
Editor's comment: A look into the broking crystal ball
The UK consumer saw a glimpse into the future this week when Google launched its Google Glass product for the first time outside the US.
LMA demands rapid Competition Commission progress
The Lloyd’s Market Association is pushing for speedy reforms from the Competition Commission’s investigation into motor insurance, suggesting the body circumvents legal change.
Competition Commission cuts £30m from credit hire cost estimates
The Competition Commission has admitted errors in its figures on the cost of credit hire, lowering its estimated impact on motor premiums.