Year: 2016
The Insurance Act 2015
With effect from 12 August 2016 UK insurance law will never be the same again. Out goes the concept of “material disclosure”, a notion always looked upon with great suspicion by policyholders, and in comes its successor in the form of the principle to be forever known as “fair presentation”. And no longer the theoretical... read more
Brexit, economic turmoil could deter insurance buying
Firms may have to scale back growth projections as capital gets harder to find Only a fifth of brokers think their businesses will grow post Brexit Uncertainty over the UK’s future relationship with the EU and the fragile economy will likely mean customers buying less insurance, according to brokers. It may be a false economy,... read more
Market split over Brexit referendum
Brokers take their sides although some complain of lack of information with EU vote looming The EU referendum on 23rd June is an issue currently dividing the country. Some in the sector are firmly decided which way they will vote on whether or not the UK should opt for Brexit. Others though are still confused... read more
Brokers speak out on regulatory burden
MP reopens debate over the effect of increasing regulation on small brokers The burden of regulation could push smaller brokers out of the insurance market, industry experts have warned. The universally held view is that the broker market is shrinking. The discussion was brought back into focus by Craig Tracey, Conservative MP for North Warwickshire,... read more
Newbie news: Independent Living
Paul Dickson tells Insurance Age why he started afresh after leaving Arthur J Gallagher in 2014 The CEO of Innovation Broking, Paul Dickson, launched the new offering in April 2015 with development director Howard Pearson – the former boss of Oamps in the UK. Dickson was previously regional managing director for London and the South... read more
Interview: Innovation Broking – rise of the anti-consolidator
Co-founders Paul Dickson and Howard Pearson explain how they plan to grow without acquisition and why big brokers have ‘failed miserably’ on client service Paul Dickson says that he expects his company to be 50 people strong and be controlling £25m of gross written premium (GWP) in five years’ time, it’s natural to assume that... read more
Innovation Broking uses venture capital to drive growth
MD Howard Pearson said firm is using investment from Albion Ventures. Innovation Broking is pressing ahead with its growth plans after opening a new office in London and taking on two members of staff at director level. Managing director Howard Pearson said the firm is using the £2m invested in the business by venture capitalists... read more
Innovation Broking hires two directors and opens London office
Start-up broker looks to Stackhouse Poland and Gallagher for new directors Innovation Broking, the broker formed last year by ex-Gallagher duo Paul Dickson and Howard Pearson (pictured), has hired two new directors and opened a London office. Russell Sessions has joined Innovation Broking as a director from Stackhouse Poland, where he was head of corporate... read more