According to the firm continual investment in research and development is an important part of its strategy.
According to the firm the change is expected to be completed in time for 2019 renewals.
Operating profit and turnover also rose.
New offering includes a £1m public liability clean-up cost cover as standard and up to £10,000 for recalibration of damaged production equipment.
The broker is seeking organic and acquisitiion growth but according to Mike Latham there is no deal currently on the table.
London Market is looking to reduce costs, improve efficiency and drive forward a modern agenda.
Broker also reports operating profit and turnover drop.
EY says that the future use of FinTech in insurance is projected to rise to 55%.
Queen's Speech, FCA probe on travel insurance for cancer patients, Admiral's renewal handling failures, launch of new MGA incubator and details of new CII qualification make up your top five stories of the week.
Pen says product aims to help brokers win and retain business in competitive and challenging market.
New status places emphasis on professional qualifications and high standard of advice and service, says broker.
Industry looks towards meaningful delivery of the reform.
The watchdog is seeking views from firms and looking for the reasons behind pricing differences.
Product to be wholesaled to brokers and distributed direct to commercial clients.
Product targets freelance professionals and start-ups, as well as larger media businesses.
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Insurer says it is also interested in talking to brokers about potential scheme deals and opportunities.
Provider aims to continue to drive future profitable growth with its partner brokers.
Partnership will deliver a new online cloud-based platform for brokers.
The winner’s logo has been used on official documents to help win new appointments.
Jackson has insurer and broking experience at Aviva, Towergate and more recently Aon.
The Acturis Premium Index for the first quarter of the year has once again painted a bleak picture of significantly decreasing commercial insurance premiums.
Insurance Age examines what each of the major political parties has to say on issues affecting the insurance market.
Broker was with with the technology company for 15 years.