Top 100 insurance broker Konsileo’s parent company has reported a loss of £3.06m (2022: £1.73m loss) for the financial year ending 31 December, 2023 on higher turnover of £7.05m (2022: £4.02m). https://hubs.li/Q02VZ1ql0
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Through exclusive news stories, analysis, interviews and features, Insurance Age delivers the market intelligence brokers need to improve. Insurance Age prides itself on its support of – and relationships with – the broking community across the United Kingdom. As the only title dedicated to brokers, it has forged fantastic bonds with senior figures throughout the market, meaning it is rarely, if ever, beaten when it comes to the latest exclusive news and sector insight. From expert management tips to the latest product information, Insurance Age is also an unrivalled tool for brokers looking to gain a competitive edge over rivals, or further their professional careers. Trial Insurance Age today, visit: www.insuranceage.co.uk/register/trial
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Updates
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📢 Last chance to register for the High-Net-Worth Forum 2024 This is the only event for high and ultra-high net worth brokers who want to be one step ahead of the game. It offers a platform for unparalleled networking, exploring market opportunities and sharing ideas. Don’t miss the opportunity to gain valuable insight on topics such as: 🌟Cross-selling opportunities to HNW clients. 🌟Addressing capacity challenges and maximising opportunities. 🌟Combatting underinsurance. 🌟Personalisation and digital opportunities. 🌟Risk mitigation and prevention. 🌟Climate change, claims and surge events. Register now to reserve your complimentary spot: https://hubs.li/Q02WqFS40 #HNWForum2024 in partnership with Hiscox.
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Movo Partnership has launched a platform for entrepreneurs to develop their own broking business, Movo Accelerator, in a first push since Tysers’s owners AUB took an 80% stake. https://hubs.li/Q02VZ2R20
Movo Accelerator launched for start-up brokers - Insurance Age
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Hiscox has added to its regional presence with a satellite office in Bristol, Insurance Age can reveal. https://hubs.li/Q02VZ0hs0
Hiscox opens in Bristol - Insurance Age
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A spokesperson for Markerstudy Group has confirmed that backer Pollen Street Capital, in conjunction with Markerstudy, has agreed to buy Gibraltar-based Collingwood Insurance Services. https://hubs.li/Q02VZ65N0
Markerstudy confirms motor specialist Collingwood buy - Insurance Age
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The UK home insurance industry delivered a loss-making net combined ratio of 118% in 2023, worse than predicted with more red ink to follow in 2024, according to EY. https://hubs.li/Q02V3JFV0
Home insurance stays in the red at 118% NCR with more losses to come – EY - Insurance Age
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The Government has announced a new cross-government motor insurance task force, supported by industry experts, to tackle what it claims is “the spiralling costs of car insurance”. https://hubs.li/Q02V3CrW0
Government announces motor insurance task force to tackle “spiralling costs” - Insurance Age
insuranceage.co.uk
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🌟Insurance Age in partnership with Hiscox is delighted to announce Andrew Cheney as a speaker at the Hight Net Worth Forum on 07 November. Andrew will be sharing his expert knowledge in the workshop sessions on: 'Risk mitigation and prevention'. Andrew Cheney, a Chartered Surveyor and board member of the AiS (Association of Insurance Surveyors) , has worked exclusively for Hiscox insurance for 16 years. A third-generation valuer, he began his career at Sotheby’s, later becoming Assistant VP in the USA. He’s appeared on BBC and American TV shows, advising on risk for Hiscox clients. Register for your complimentary pass here: https://hubs.li/Q02VhR4g0 #HNW2024
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The wider insurance market has given a mixed reaction to the UK government’s motor task force, with its industry-led approach questioned, but experts note it is a step forward. https://hubs.li/Q02V3JLr0
Industry reacts to government motor task force - Insurance Age
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The Financial Conduct Authority has launched a review, known as a competition market study, to see whether people who borrow to pay for motor and home insurance are receiving fair, competitive deals. https://hubs.li/Q02V3L0T0
FCA launches review into premium finance “fair value” and barriers to competition - Insurance Age
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