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
Poor claims experiences impact broker placement as Travelers tops satisfaction list
Half of brokers who have had an unsatisfactory commercial insurance claims experience are unlikely to place business with the same insurer in the following 12 months.
Blog: Supporting insurance people when they need us most
Victoria Sutton, marketing and communications manager at The Insurance Charity, explains why it is engaging with Broker Expo at the NEC on 8 October and what it can do to help brokers in need.
People Moves: 21 – 25 September 2026
Keep up to date with the latest personnel moves in insurance.
CII launches research community
The Chartered Insurance Institute has launched Voices, an online research community designed to give insurance and personal finance professionals a stronger role in shaping policy, professional standards and membership services.
Markerstudy owner mulls delisting from stock exchange amid sales talks
Pollen Street Capital, the owner of Markerstudy, has confirmed it is in talks about selling up and delisting from the London Stock Exchange.
Admiral to slash 500 jobs as part of £100m savings
Admiral has confirmed it will be cutting around 5% of its workforce in a bid to save £100m.
Beyond the policy – where brokers add the greatest value
Broker Expo 2026 Countdown: Building strong client relationships is more important than ever, with brokers focusing on risk management, claims support, specialist guidance and facilitating connections in their communities. Ida Axling investigates this topic ahead of a panel session at the event.
Insurance Age’s Broker Expo is now a fortnight away
The Broker Expo is now just two weeks away.