Broker News – Page 183
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NewsAgeas drawn into latest row over Age UK commission deals
Ageas says long-term commercial partnership includes a typical commission that is in line with arrangements in insurance market
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NewsGovernment calls for early review of Solvency II amid competition fears
The Treasury and Bank of England have written to the European Commission - also calling for wider review
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NewsTerrorism threats and effect of a UK exit from EU on Biba 2016 agenda
Challenges facing the London Market will also be debated at the conference
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NewsAon broking profit down 9% in 2015
But broker enjoys organic growth in commission and fees of 3%
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NewsStorms Eva and Frank to cost insurers £526m – PERILS
Figure is in addition to cost of Storm Desmond, estimated at £717m, and wind-related claims at £42m
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NewsAdrian Colosso resurfaces at wholesale broker
Citynet has appointed Adrian Colosso as a non-executive director to help with expansion plans
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NewsMarsh parent’s broking profit rises 2% in 2015
Division’s revenue flat but organic growth was 3%
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NewsElite’s solicitors’ PI agent Inperio ‘surprised’ by insurer exit
Elite chief executive Jason Smart says the insurer wants to expand into product lines that carry less risk
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NewsAA launches underwriting division as it targets 250,000 policies
AA Underwriting Insurance will expand from new telephone business to online and aggregator sites
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NewsBeazley chief exec Andrew Horton to take break in March and April
Chief underwriting officer Neil Maidment will serve as acting chief executive
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News83% of UK insurers keen on setting up own aggregator sites
Accenture study found that aggregators in the UK account for 60-70% of new business in private motor
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NewsAviva’s James Barnard joins Towergate as change director
Barnard to report to chief operating officer Adrian Brown
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NewsLV= Broker enhances ABC Home offering
LV= says offering provides flexibility on cover so that brokers can meet specific needs of customers
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NewsPIB hires Bernard Mageean as underwriting and placement head
New broker also announces 18 further hires, including two from Willis
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NewsGallagher UK integration work will be ‘nearly done’ by year end
Broking group sees further scope for efficiency in UK retail and underwriting
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NewsGallagher full-year broking profit edges up 1% after Q4 drop
Organic growth slips to 3.6%, but chief executive hails ‘excellent year’
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NewsSwinton hires CDL to replace legacy systems in IT upgrade
The ongoing contract and relationship that Swinton has with SSP will continue for the foreseeable future
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News£15.5m FCA fine highlights brokers’ widening accountability
Biba is also concerned that members will continue to pick up bill from FSCS
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NewsFCA regulation of insurance sector is 'not cost-effective' - MP
Funding model suggests that UK firms are paying for supervision of other non-insurance broker entities - MP Craig Tracey
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NewsTowergate bolsters corporate practice with three hires
Broking group takes executives from Willis, NFU Mutual and BLP Insurance
