MGA Tradewise set to close to new business and renewals
The motor specialist says it is looking for alternative solutions after being unable to renew protection with reinsurance provider Berkshire Hathaway.
Tradewise Insurance Services has confirmed it will be unable to bind new business or renewals from January 2022, Insurance Age can reveal.
In a communication sent to brokers and seen by Insurance Age the managing general agent, which specialises in motor trade insurance, said it had been unable to renew its reinsurance programme with Berkshire Hathaway.
The company said: “Although Tradewise still has a year left on its three-year deal with Berkshire Hathaway, their reinsurance protection on
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Home insurance premiums tick down in Q1 – ABI
Household property premiums fell in the first quarter of the year, the fourth drop in a row according to the Association of British Insurers.
Biba recruits ‘great match’ Maxwell as Northern regional manager
The British Insurance Brokers’ Association has appointed Lesley Maxwell as regional manager for the North.
UGL unveils Zurich-backed landlords product
Midas, part of Uris Group, has launched a residential landlords proposition Midas Let Property.
FCA launches probe of claims management companies
The Financial Conduct Authority has launched a market review over worries that consumers are being failed by some claims management companies and law firms.
Biba 2026 Countdown: Aviva’s Michael Yabantu
Michael Yabantu, managing director of mid-market at Aviva, is keen to talk to brokers to work together to address the protection gap for customers and hints that the insurer’s Wednesday night event might have an element of Madness to it.
Flaxmans opens claims insight library for brokers, legal advisors and insurance practitioners
Flaxman Partners has launched The Flaxmans Library, offering insight into why claims fail and where misunderstandings arise in practice.
Aventum makes first MGA buy as it pushes into Continental Europe
Aventum has bought Rotterdam-headquartered specialist marine and logistics managing general agent Post & Co in its first ever MGA acquisition.
Dual expands social care proposition
Dual UK has enhanced its social care proposition providing cover for the operational and regulatory requirements of children’s homes and special education needs schools.