Articles by Sophie Locke-Cooper
People Moves: 25-29 July 2022
Stay informed of the top personnel changes in insurance.
Biba welcomes FCA’s decision on Consumer Duty timescale
The British Insurance Brokers’ Association has welcomed the decision to give firms a 12-month window to implement the requirements for the new Consumer Duty.
Spring launches SME cyber cover
Spring Insure has launched a commercial cyber offering tailored for small and medium sized enterprises.
CEO of WBN flags lack of diversity across senior broker roles
The CEO of the Worldwide Broker Network, Olga Collins, has warned of a lack of inclusion within senior roles.
First Underwriting launches real estate product range
First Underwriting has added real estate expertise to its team and launched real estate product lines as it seeks to expand from its core motor proposition.
GRP achieves deal century with Woodward Markwell Insurance Brokers buy
Global Risk Partners has reached its 100th deal and purchased the GI book of Ipswich-based Woodward Markwell Insurance Brokers for an undisclosed sum.
People Moves: 18-22 July 2022
Stay informed of the top personnel changes in insurance.
Car insurance premiums up 6% in the last 12 months
The cost of comprehensive car insurance rose by £32 in the last 12 months, according to research by Confused and WTW.
FCA warns of Borland Insurance clone
The Financial Conduct Authority has warned of a clone which is fraudulently using the logo of Assured Partners broker, Borland Insurance.
HSB creates new commercial division
HSB UK and Ireland, part of Munch Re, has bought together its business development, customer trading and claims areas under a newly created commercial division.
Jensten buys Ravenhall Risk Solutions
The Jensten Group has acquired Leeds-based broker Ravenhall Risk Solutions for an undisclosed sum.
RSA launches new domestic abuse policy for staff
RSA has delivered a new domestic abuse policy to support employees who may be suffering as victims of domestic abuse.
Experts warn clients will look elsewhere if brokers ignore parametric insurance
Specialists have highlighted the benefits to brokers of delivering parametric insurance to their clients and warned they will lose out if they do not engage with the fast-expanding offering that is becoming more mainstream.
People Moves: 11-15 July 2022
Stay informed of the top personnel changes in insurance.
WTW warns of accelerating motor claims inflation
WTW has warned UK motor claims inflation is expected to accelerate in 2022 after pandemic disruption caused a slowdown in the average time taken to settle claims which acted as a temporary break on rises.
Compliance experts disagree with FCA's potential phased implementation period for Consumer Duty
Compliance professionals have come out against any delay in the Financial Conduct Authority implementing Consumer Duty rules as the watchdog ponders switching to a phased implementation period.
Avantia grows revenue to £26.6m in 2021
Property specialist Avantia has reported revenue of £26.58m in 2021 with a reinvestment by ECI Partners.
ESG Round-up - July 2022
Insurance Age rounds up the key stories from the insurance sector’s environmental and social governance agenda, featuring Aviva, Brit Insurance, Romero Group and Partners&.
Brokers looking to introduce multi-policy portfolio, says CDL’s CEO
CDL’s CEO, Nigel Phillips, has said brokers are looking to deploy a multi-policy portfolio, so that they can “reap” some of the benefits by offering a breadth of policies to their customers.
FCA names Ashley Alder as chair
HM Treasury has appointed Ashley Alder as the new chair of the Financial Conduct Authority succeeding Charles Randell.
People Moves: 4-8 July 2022
Stay informed of the top personnel changes in insurance.
CDL grows revenue to £53.7m in 2021
CDL has reported a rise in profit after tax to £11.2m in 2021, up from £9.8m the year before.
Towergate Underwriting hit with £3.3m suit by pub over non-paying Gable policy
Few Inns has launched court proceedings against Towergate over a Gable policy which failed to pay out following a fire at one of its pubs in 2015.
Staysure-owned Rock Insurance extends Axa Partners deal
Rock Insurance has developed its relationship with Axa Partners with a multi-million pound deal which will see the insurer underwrite a range of travel products.