Broker News – Page 34
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High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from this week
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The biggest people moves this week
Insurance Times rounds up the biggest appointments from this week
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Consilium launches marine division as part of strategy to be ‘most inspiring independent broker’
Specialty broker has appointed senior partner to steer the new division
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Broker concerns over commercial motor capacity ease – but scepticism remains
’We are committed to sharing our knowledge and experience with more brokers as we continue to advance on our strategic path,’ says deputy chief executive
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Former broker chief executive to run for Lib Dems in snap election
’The behaviour of some of our elected officials we have seen would quite rightly not be tolerated in our (insurance) industry,’ says candidate
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‘Huge hole’ in middle market presenting smaller brokers with opportunities
’There are opportunities for small brokers who are willing to move into the middle market,’ says chair
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Biba 2024 in pictures
The photos are in from the 2024 Biba Conference – what were your highlights from the event?
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Prime Minister Sunak calls early general election
The PM confirmed the snap election after speculation grew that such a move was on the cards
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Partners& appoints new managing partner for schemes
’I’m thrilled with the opportunity I have ahead of me,’ says appointee
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NFP announces first UK acquisition since officially becoming part of Aon
Aon announced that it had completed its acquisition of NFP in April 2024
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Brokers blaming insurers for clients being underinsured due to lack of data
’It is not something I agree with,’ says chair
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Ecclesiastical launches new schemes portal for brokers
’We’ve made some fantastic steps towards growing our schemes book and have ambitious plans to do even more going forward,’ says director
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Brown and Brown retail chief executive steps down
He has left as the business ‘nears the end of the latest stage of its transformation’, says spokesperson
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SRG acquired in deal worth more than £1bn
’They are ideal partners who will provide the support and firepower we need as we embark on the next exciting stage of our growth journey,’ says group chief executive
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Deepfakes and AI-powered fraud techniques may put the brakes on sector digitalisation
’There’s a bit of an arms race going on between fraudsters and counter fraud professionals in the use of AI,’ says head of fraud
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More consumers relying on credit to buy cover
’The numbers of people using credit to pay for insurance continues to rise,’ says director
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Biba 2024: Brokers encouraged to use ‘test and learn’ approach with AI
’It’s important not to try and re-engineer all of the processes at once,’ says divisional director
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Property underinsurance worsening as insurers look to tackle shortfalls
’Clients need to be informed that market value and insured value can be two very different figures,’ says director
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Biba 2024: Intermediaries must deliver clarity if they want to sell up
Broker M&A is complex and administrative discrepancies must be ironed out if deals are to complete, says partner
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Biba 2024: Hybrid working impacting service levels
’It has now become easy to say no to coming into the office and letting that phone ring,’ says chief executive