UK Probe of Wholesale Brokers Finds No Evidence of Anti-Competitive Behavior

Article 0 Comments Britain’s wholesale insurance brokers got a clean bill of health from the markets watchdog on Wednesday, providing some relief for an industry already spending millions of pounds on Brexit. London’s insurance market, which spans the Lloyd’s of London market and brokers such as Aon, Willis Towers Watson, […]

UK Insurers, Brokers Applaud Government’s Decision Not to Hike Premium Tax

Article 0 Comments UK insurers and brokers have applauded the UK Treasury’s decision not to raise premium taxes, which currently has an annual price tag for each household of an average of £200 ($256.40), according to the Association of British Insurers (ABI). The ABI is pleased that the Chancellor of […]

UK Motor Insurers to Mutualize Claims for Terrorist Attacks Using Vehicles as Weapons

Article 0 Comments UK motor insurers have voted for the Motor Insurers Bureau (MIB) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure. MIB is the UK’s not-for-profit body which deals with the claims from victims involved […]

UK Broker Group BIBA Forms Agreement with WBN to Help EU Clients After Brexit

Article 0 Comments The British Insurance Brokers’ Association (BIBA) has formed an agreement with the Worldwide Broker Network (WBN) so that BIBA’s UK-based brokers are introduced to WBN’s EU-based brokers — thereby enabling continuity for BIBA members’ EU clients after Brexit. WBN has at least one member operating in each […]