Provider’s announcement that it is exiting nine lines of business could have serious knock-on effects for the market, reports Sam Barrett
The move is part of a restructure which will see AmTrust’s former lead underwriter for PI, Russell Newell, move across to its PI MGA, Collegiate.
Firm said it would apply price increases to keep its full-year loss ratio within target.
Keep track of the most recent market moves.
Dual will continue to underwrite enquiries from its own distribution channels as well as all enquiries received by Aviva.
Insurance Age gauged the mood of the broker market and found strong support for Markerstudy's future prospects.
How we got a hardening market: Life is getting tougher for brokers in PI and construction as premiums shoot up, says James Sharp
Alpha was CRL's sole provider until it went bankrupt last year, and CRL has filed a document on Companies House which proposes the firm is wound up.
A GlobalData report suggested that engaging with pet influencers on Instagram and Facebook could benefit insurers and brokers.
The body has challenged brokers and insurers and financial advisers to speak to at least ten women about how they can improve their financial situation in Talk Money Week.
GlobalData said growth was dependent on more households owning connected devices.
Group formed amid ongoing issues with capacity in the construction market.
Analyst firm Peel Hunt highlighted Direct Line, RSA and Saga as particularly vulnerable.
Firm claims that the product is the first of its kind in the market.
Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.
Investigation centres on clause included in the aggregator’s home insurance contracts which may potentially cause consumers to miss out.
Nick Hobbs, director of broker markets at Allianz UK, explains the benefits of recognising local markets.
Insurance Cares: The Insurance Day of Giving is hoping to raise in excess of £100,000 for dementia research this November.
The directors say it is “business as usual” and payments to Qatar Re have been factored into its strategy ahead of having to pay back a £217.3m loan as it also awaits approval for Co-op deal.
Merger includes Alpha Underwriting, Practice Cover, Intrinsia Brokers and Intrinsia Claims as business looks to £25m in GWP.
Keep track of the past week’s market moves.
Senior vice president of international operations, Jeff Purdy, says software house is looking to add up to 50 employees in the UK and reveals it is considering opening an office in the Midlands.
Manchester Underwriting Management's, Richard Webb, explores the changing nature of capacity in the market.
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