Broker News – Page 99
-
NewsCurrent level of industry regulation is ‘suffocating small brokers’ – Stanhope Cooper
Broker boss believes regulation for brokers has ‘gone too far’ and is ‘anti-entrepreneurialism’
-
NewsThe Ardonagh Group posts 170% increase in pro forma losses for H1 2022
The group also recorded a 21% increase in its adjusted ebitda for the reporting period, reaching a figure of £186m
-
NewsJensten Group buys High Wycombe-based broker and its subsidiary
The purchase represents Jensten’s fourth acquisition in a month
-
NewsMCE promotes internally for new head of insurance partnerships
The appointee is ‘ready to hit the ground running’ in improving insurer relationships and broker experience
-
NewsJohnson and Johnson to end all UK Baby Powder sales as ovarian cancer claims escalate
Despite this, the pharmaceutical firm says its talcum Baby Powder ’does not contain asbestos and does not cause cancer’
-
NewsGRP’s Birmingham-based hub appoints new managing director
Incoming managing director describes the business as a ‘high growth, acquisitive and dynamic broker with ambitious future plans’
-
NewsGallagher buys specialist crisis and risk management consultancy
The two businesses are culturally ‘well aligned’, says chief operating officer
-
NewsPIB Group records 78% increase in adjusted ebitda for 2021
The intermediary consolidation business also grew its revenue by 52% over the course of last year
-
NewsThe Clear Group acquires Kent-based broker
The newest buy is ‘another great fit’ for the group, says chief executive
-
NewsAston Lark Ireland bags Irish broker
Aston Lark Ireland hopes to become the area’s ‘leading independent insurance broker’, says chief executive
-
NewsMajority of brokers interested in ‘further digitalisation’ – Aviva
Digital processes could ’eliminate’ repetitive tasks and free up time for customer service
-
NewsBiba welcomes consumer duty implementation extension
The trade body has also questioned a ‘lack of prescription’ within the new rules and invited firms to make use of its template fair value assessment solution
-
NewsSchools an ‘attractive target’ for criminals over summer months – Ecclesiastical Insurance
‘Brokers have an important role to play’ in helping education clients manage their risks over the summer holidays
-
NewsProposed Leasehold Reform bill a ‘red flag’ for industry over property insurance commission disclosures
‘Millions of people’ could be insured ‘for a lot less’, says financial compliance firm principal
-
NewsJM Glendinning Professional Risks promotes internally for new managing director
The candidate came up trumps after a ‘rigorous recruitment process’
-
NewsThe Clear Group grows ebitda by 76% in 2021
Group chief executive says latest financial results provide ‘an excellent base from which we can continue to deliver on our growth strategy’
-
NewsRate rises of 300% have ‘not been uncommon’ in London’s cyber market
Despite ‘no material change in exposure’, insurers in the London market are wary of cyber risks and are upping premiums by 100% on average, as well as reducing capacity, says broker’s head of cyber
-
NewsRates for builders’ risk construction cover increased by 5% year-on-year in London market
Higher sub-limits and extension limits for these policies in London give the market ‘a competitive differentiation’, says broker’s head of international construction
-
NewsFCA publishes final rules for Consumer Duty regulation
The regulator has extended its implementation timeline for its ‘step change’ Consumer Duty principle by three months, but company boards must agree their implementation strategies by October 2022
-
NewsGRP marks 100th acquisition with purchase of Ipswich-based firm’s GI book
Intermediary firm celebrates its ‘empowered consolidation model’ with its latest broker buy
