Decision comes as the insurer gears up for UK market return in December.
Partnership to write property, liability, PI and more.
The insurer is set to write business lines including property, liability, warranty and PI and is targeting £50-60m GWP by January 2019.
The Folgate business will be underwritten by its owner APC Underwriting.
Run-off insurance company to open for business again following purchase by APC Underwriting last year.
Troubled Towergate sold Folgate for £1.9m in August to APC.
Market divided over benefits of adopting similar strategy
“An MGA buying an insurance company is undoubtedly an interesting twist”
APC Underwriting mulls underwriting return for Folgate after acquiring the run-off insurance company.
Underwriting agency reveals new primary and excess of loss products.
APC has acquired the renewal rights to Vision Underwriting’s book of commercial business.
APC has increased the limits on a number of its products in a bid to help smaller brokers win bigger clients.
APC has launched a London market broking team focused on placing risks for regional brokers that cannot be facilitated under its regular binding authorities.
Public hire taxi insurance. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
November was the month for big tie-ups, starting with Towergate and the British Insurance Brokers’ Association (Biba) forming a partnership around the trade body’s BibaLet scheme.
APC is to launch a public hire taxi product in early November as it moves in to the specialist motor underwriting market.
APC has appointed Neil Jenkinson as its northern region business development manager.
APC has stepped into the professional indemnity (PI) market with the launch of a product designed to protect mortgage and finance intermediaries.
Cleaning contractors scheme: This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Today at Biba we asked attendees about their reaction to commission disclosure, aggregation and technology.
The Managing General Agents Association (MGAA) has announced the members of its first elected board at its inaugural AGM.
APC has secured additional underwriting capacity from Liberty Mutual and both its existing Lloyd’s providers, Sagicor and Kiln, as part of its expansion plans for 2012.
The annual Insurance 360 Business Insurers Insight Report service rankings show some steady, some on ladders - and some on snakes.
APC has hired Nicholas Wesson as a business development manager to operate in the North of England and Scotland.