People Moves: 4 - 7 January 2022

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Keep up to date with the latest personnel changes from the world of insurance.

Featuring: Consilium, Fidelis Insurance, Gallagher, Allianz, KPMG, Brit

Consilium appoints new BDM for UK South Region
Consilium, part of the Aventum Group, has appointed Lee Raikes as business development manager (BDM) in the UK for the South.

With 14 years’ experience in the insurance market, Raikes joins from Citynet Insurance Brokers where he was a development executive for the last two years. Before that he was a development executive for Cobra London Markets for nearly four years.

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FCA cancels broker’s permissions

The Financial Conduct Authority has cancelled the ability of George Baker (Insurance Brokers) to carry out any regulated activities, with immediate effect.

FCA u-turns on enforcement transparency proposals

The Financial Conduct Authority is not going ahead with changes to announcing enforcement investigations, proposals that were labelled ‘name and shame’ and led to a huge outcry across the financial services market.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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