Editor’s letter - May 2012

martin-friel-0710-editor-insurance-age

“The real concern for brokers is that all this change creates a deep sense of uncertainty”

For brokers, times have seldom been so interesting. Not necessarily good, but interesting. There has been plenty of activity on the insurer side of the market and this activity has been characterised by variety.

Some insurers are exiting the market altogether, with Brit being snapped up by QBE  and Groupama still looking for a suitable buyer for its UK operation.

RSA has reaffirmed its commitment to reducing the size of its broker panel in order to focus on a smaller number of profitable

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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