British Insurance Brokers Association (Biba) president George Nixon has warned that premiums may rise as insurers struggle to pay for the collapse of Independent Insurance.
Insurers have just been asked by the Association of British Insurers to pay a levy to cover the compensation owed following the provisional liquidation of Chester Street Insurance.
Nixon said another levy was likely to be set to cover Independent.
“I don't imagine they're just going to take the added costs without trying to do something about their premiums,” Nixon warned.
“Brokers will have to ensure their clients' interests are taken care of if that's the case.”
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.
