capacity
Coles bullish over ‘sweet spots’ as MGA Uris targets £150m post MBO
MGA and outsourced insurance administration and underwriting services provider Uris Group is on track for £150m of premium in its first year as an independent business, Insurance Age can reveal.
Somerset Bridge pivots to MGA-only model after reaching profit in 2024
Somerset Bridge Group swung to £14.4m post-tax profit in 2024 following years of losses after being bought by Arch Reinsurance in 2021.
Rokstone-owned Novus adds Collinson to warranty and affinity panel
Novus Underwriting, part of managing general agent Rokstone, has partnered with Collinson Insurance for its annually renewable warranty products.
Peach and Yutree partner on property owners
Commercial broker and underwriting agency Yutree has partnered with niche commercial insurer Peach on the launch of a new property owners binder.
Could the MGA explosion be slowed down by an indifference to claims?
MGAs have become all the rage, with a growth predicated by a rise in fronter and insurer capital/capacity and broker belief that they offer greater front-end service. However, are strains starting to show at the back end when it comes to the moment of…
Broking Success: Sector experience
Ashley Dickson, managing director of Dickson Group, explains why he never turns his phone off and how he used his family’s motorsport experience to create a scheme for the Northern Ireland headquartered broker.
Bridgehaven makes first acquisition
Hybrid fronting insurer Bridgehaven has signed up for its first buy, to snap up Dublin-based insurer SureStone Insurance for an undisclosed amount.
Mosaic enters digital asset market with cyber and FI coverage
Mosaic Insurance has entered the digital asset market launching a combined cyber and financial institutions crime product, for the “historically underserved sector”.
Can brokers doggy paddle their way to pet insurance success?
What are the opportunities for brokers in selling pet insurance and why are so few people talking about it? Insurance Age explores the market and explains why long-standing competition and data – or lack of it – are potentially the biggest obstacles.
Accelerant IPO beats expectations with $724m raise
Accelerant, a major player in the UK managing general agents market, has raised $723.7m (£533.9m) in an IPO in the US, with shares selling for $21, above the expected range of $18–$20.
MGA Arkel secures £120m AmTrust capacity
Specialist managing general agent Arkel has secured an increased limit of £120m gross written premium of A-rated capacity with AmTrust over the next three years for non-standard household insurance.
Native launches risk collective to lower premiums for crypto and digital assets
Digital assets is the most excluded asset class in insurance however insurers are looking to dip their toes in, and with AI compute alone seeing trillions of dollars invested it makes it the biggest opportunity in insurance today.
Pen seals new solicitors’ PI facility after IGI capacity deal ends early
Pen Underwriting has put new solicitors’ professional indemnity business on hold while it finalises a new long-term capacity deal for the product line.
Aviva doubles offshore renewable energy capacity to £150m
Aviva has doubled its offshore renewable energy capacity to £150m, with Roberts Proskovics appointed to lead the insurer’s renewable energy team.
Pen deepens SiriusPoint partnership with PI capacity deal
Pen Underwriting has expanded its partnership with SiriusPoint with a new capacity deal for international professional indemnity risks.
Accelerant IPO could hit $578.9m
Accelerant has revealed the share price of its initial public offering is expected to range from $18 (£14.9) to $20 meaning the top end total could reach $578.9m.
Interview: ERS managing director Martin Hall
The newly appointed ERS managing director Martin Hall speaks to Jonathan Swift about how it plans to maintain its profitable growth through embracing data/technology, focusing on opportunities in mobility innovation and being the go-to market for brokers…
W Denis launches specialist data centre insurance division
W Denis has launched a specialist division focused on insuring data centres and the integrated power generation infrastructure.
MGAs ‘extremely focused’ on broker distribution in softening market - Keating
MGAs are “extremely focused” on distribution, according to Mike Keating, CEO of the Managing General Agents’ Association, as he also detailed how the claims process needs to be deconstructed and put back together.
Petchey: “Strong demand” in schemes gives Markel opportunity to diversify
Mike Petchey, head of schemes at Markel, is seeing “strong demand” in the market, highlighting the number of possibilities when it comes to schemes is enormous.
Interview: Brendan Devine, CEO of Atec Group
In his five years as CEO of Atec Group Brendan Devine has led the business to more than double policy numbers and profit organically, now having struck its first acquisition buying Moorhouse last month he explains how it will triple in size over the next…
Over half of carriers expect to increase MGA capacity between now and 2027
Almost three in five (57%) of carriers are set to increase managing general agent capacity in the next two years, according to a new survey.
Interview: Superscript CEO Chris Barclay
Newly appointed Superscript CEO Chris Barclay tells Jonathan Swift about its plans to enter motor, reduce the number of insurers it works with and treble in size to over £100m GWP after shaking off its insurtech tag to become a truly digital insurance…
MGA backer Accelerant files for IPO in US
Risk exchange platform and capacity provider Accelerant, a major player in the UK managing general agents market, has revealed plans for an IPO in the US.