All articles by Katie Scott – Page 17
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NewsPIB Group makes senior leadership changes to support acquisitive growth
The leaders’ ‘immense experience’ will contribute to the broker’s ‘continued evolution and rapid expansion plans’, says chief executive
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IT InterviewD&O and cyber liability insurance is ‘maturing’ amid hard market – JM Glendinning
New capacity in these markets could come from ‘nimble’ MGAs, however brokers must have ‘grown up’ conversations with clients to successfully manage expectations around higher premiums and reduced coverage, says broker boss
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NewsCampaigners call out insurers investing $7.9bn in North Sea oil and gas companies
Removing support for oil and gas production ‘needs to accelerate beyond the current baby steps’, says climate campaigner
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NewsMotor insurance premiums hit six-year low in 2021 – ABI
The average premium paid for comprehensive motor insurance in 2021 was £434, yet trade association predicts premium uptick amid insurer cost pressures
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AnalysisOpinion: Regulation ramifications for brokers
Editor Katie Scott discusses how regulation can prove to be both an opportunity and a barrier for the broking community
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AnalysisBriefing: Unwieldly regulatory compliance driving broker consolidation surge
‘The regulatory burden’ is causing consolidation at pace, but will ongoing government consultations help to give brokers the regulation respite they need to stand on their own two feet?
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AnalysisBriefing: Is a four-day working week the ‘pinnacle of work-life balance’ for insurance sector?
Does the insurance industry have an appetite to try a four-day working week, or will this simply exacerbate some of the difficulties already experienced as a result of homeworking?
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NewsInsurance sector must ‘look calmly’ at the lessons learned from BI test case – John Glen
Economic secretary to the Treasury believes ‘brokers will play a crucial role in rebuilding consumer trust and developing clearly worded policies going forward’
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NewsThe Clear Group denies rumours it is up for sale
Chief executive notes that the broker is ‘approached all the time by parties keen to invest in The Clear Group, but this does not mean that we are for sale’
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NewsFCA is ‘an impediment to the effective working of the market’
Biba’s chairman noted that the FCA appears to be implementing ‘regulation for the sake of regulation’, which is ‘affecting competition, productivity and innovation’ within the broking community
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NewsFCA staff to vote on strike action in response to bonus cuts
Trade union alleges that FCA staff outside of London are due to be put on lower pay scales and that abolishing employee bonuses across the workforce will lead to pay cuts of up to 12%
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NewsManifesto 2022: Biba urges UK government to slash IPT to 10% in next Budget
The trade body further believes that IPT relief should be offered for cladding-linked property insurance, telematics-based motor policies and cyber cover
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NewsBiba launches ‘biggest’ manifesto for 2022
The 84-page document, themed around managing risk, contains 52 calls for action from the broker trade body across six detailed chapters
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NewsPIB Group makes fifth acquisition in Ireland
Insurance intermediary firm grows ‘arsenal’ in Ireland with latest purchase of retail commercial broker
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NewsThe Clear Group buys Ashford-based broker in first deal of 2022
The transaction marks the broking group’s 32nd M&A deal since 2001
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NewsCocktail bar chain leads formation of BI action group against RSA and QIC Europe
UK restaurant and bar group’s ‘substantial’ claim highlights how hospitality businesses are having ‘to fight tooth and nail to obtain an indemnity’, says company director
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AnalysisBriefing: Brokers continue to face ‘absolutely dreadful’ insurer service
Feedback from brokers still flags insurer service as being ‘on its knees’ due to difficulties with homeworking – will the lifting of work from home guidance this week see brokers benefit from improved service?
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AnalysisBGLI and Markerstudy to ‘end up with much more than the sum of the parts’ following acquisition
Both businesses plan to cash in on the ‘real opportunities’ they believe arise from this ‘perfect strategic’ acquisition, including boosting pet insurance distribution
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AnalysisBriefing: One year since Supreme Court’s BI judgment, yet outstanding questions remain
Law firm reveals litigation around BI claims is still on the table for this year, especially as the FOS appears to be siding with insurers in the majority of BI-linked cases since last January
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NewsFCA shuts down Tifgroup’s claims handling and insurance distribution services for previous partners
The regulator specifies that ‘Tif must not carry on any insurance distribution activities in relation to any new policies for any customer resident in the UK’ with regards to the firm’s past insurer partnerships
