The Lloyd's Market Association (LMA) welcomed the “clear statement" from Airmic in favour of full transparency in the broker sector.
The association said it had been leading discussions between insurers and brokers in the London market to find the right solution to broker remuneration in the post-Spitzer world.
LMA chief executive Simon Sperryn said: “We believe full transparency is the right way forward and will enable the market to operate competitively.
“We support Airmic in its urging of the FSA to take the necessary action to ensure disclosure and resulting transparency becomes an automatic process.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
