Experts warn of reinsurance market crunch

taxi

Smaller players without scale may struggle with reinsurance costs going forward as issue is highlighted by the collapse of motor trade specialist Tradewise.

The motor trade specialist had been in trouble since before Christmas and the administrative axe fell as the industry returned to work in the New Year.

Earlier this month, Tradewise went into administration.

In a communication to brokers sent on 10 January and seen by Insurance Age, Tradewise said: “As you are all aware, Tradewise have been unable to bind New or Renewal business since 1 January 2022. There was a year left on the three-year deal with Berkshire Hathaway, although their

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: