Broker News – Page 100
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NewsUK government publishes Financial Services and Markets Bill
The tabled bill represents ‘the beginning of the development of a new UK regulatory regime’, paves the way for Solvency II reform and furnishes the FCA with new regulatory powers
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NewsIndustry on alert as two new Covid strains spread
The pandemic is the third largest catastrophe after Hurricane Katrina and the 9/11 attacks, says AGCS
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NewsMarkerstudy’s BGL Insurance creates 100 ‘hybrid’ contact centre jobs
The new hires form part of a planned growth trajectory following its acquisition by Markerstudy
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NewsInflation rate for motor claims settled in 2021 reached 6.2% – WTW
Average claims settlement times in Q1 2021 were two months longer compared to the same period in 2019, says the broker
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NewsPIB Group buys Spanish commercial lines broker
The deal marks the broker’s fourth purchase in Spain, reflecting its ‘ultimate goal of becoming one of the most important insurance brokers in the market’
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NewsMarkerstudy Group inks deal with Future First to promote insurance careers
The broker has a wider group commitment to support young talent
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NewsLycetts’ pre-tax profits jump up by 154% in 2021
Investing in people, operations and infrastructure has supported this growth trajectory, says chief executive
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NewsBroker consolidation indicates ‘rosy future for the broking market’ – Accenture
Brokers must also move from ‘traditional risk indemnity into risk management mitigation’ to obtain ‘frequent customer engagement’, says senior managing director
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NewsArdonagh’s Geo Underwriting buys loss recovery MGA
Broker-backed MGA is ’excited to support’ the growth of its newly purchased firm amid plans to extend ’product distribution even more widely’
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NewsKonsileo secures £4.7m series A funding ‘to shake up the world of commercial broking’
Chief executive plans to use new funding to recruit more UK insurance brokers ’and continue to shake up the world of commercial broking’
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NewsBrokers call for mandatory qualification requirements – CII
The CII’s president backs brokers’ call to action because it would ‘improve the image and professionalism of the sector hugely’
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NewsJensten Group combines businesses to reveal new London market operation
The broker’s wholesale managing director believes its new division is an example of how it provides ’our people and partners with greater opportunities than the status quo’
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NewsTechnology implementation is ‘do or die’ for insurance sector
Brokers ‘need to get real’ about consumer expectations, say experts
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NewsPIB Group buys specialist health and wellbeing broker
The deal is an ’important step’ for the group
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NewsThe Clear Group secures new investment
The investment represents a ’real endorsement’ and allows the next phase of the group’s strategy to be put into action, says group chief executive
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NewsThe Clear Group announces ProAktive acquisition
The purchase will ’enhance’ the independent’s proposition, says executive chairman
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NewsProliferation of electric vehicles is impacting claims costs – BrokerFest 2022
Pinched supply chains and disruption have caused significant increases in the cost of complex motor claims
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NewsAxa Retail boss relays future success strategy – BrokerFest2022
There is much to be learned from big tech players like Google and Amazon, she says
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NewsBroker consolidation is ‘natural’ and presents opportunities for new entrants
Market regeneration is also likely once hard market conditions ease
