Markerstudy prioritising certain business lines but denies capacity squeeze

Squeeze piggy bank

Markerstudy has admitted prioritising certain business lines over others in the present hard market, as it denied experiencing a “capacity squeeze”.

The MGA issued a statement after Insurance Age was approached by brokers concerned that Markerstudy was cutting back open market intermediary distribution, with temporary capacity problems being cited as a cause.

Diverse capacity

“Like most people in the market, the massive market rate increases have utilised capacity that was agreed for the 2023 year of account in 2022 at a significantly faster rate than was budgeted for, so [MGA] MISL [Markerstudy Insurance Services Limited] has prioritised

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Brokers upbeat on 2024 growth – Aviva

Brokers are more optimistic about growth in the coming year than they have been since before 2020, according to Aviva, with 83% expecting their business to grow compared to 76% last year.

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