capacity
Paul Dilley exits RSA for Bridgehaven
Hybrid fronting insurer Bridgehaven Insurance has appointed Paul Dilley as chief underwriting officer joining from RSA owner Intact.
Bridgehaven unveils first UK MGA fronting partnership
Hybrid fronting insurer Bridgehaven Insurance has made its first move partnering with managing general agent Avid Insurance on property excess of loss insurance solutions for registered providers of social housing.
Insurance leaders upbeat on start to 2024 but inflation and interest rate worries remain
Almost four out of five senior insurance executives (79%) are optimistic about business growth this quarter, according to research by KPMG UK.
Review of the Year 2023: Spring Insure’s Paula McManus
Paula McManus, senior PI underwriter at Spring Insure, shares her thoughts on continuing major market withdrawals and recalls Socrates when advising the political parties on how to win her vote at the 2024 General Election.
Interview: SiriusPoint’s Rob Gibbs and Alex Hardy
Regional brokers’ interest in SiriusPoint has been piqued by a slew of appointments, most notably involving ex-RSA leaders, and a high profile MGA deal. Emmanuel Kenning finds out what the insurer has to offer and what is coming next.
Meet the MGA: Corin Underwriting
Andy Hurrell, the managing director and head of underwriting at Corin, outlines his plans for a business that has made Lloyd’s-on-Sea its home with a strategy that aims to embrace everything good about being a virtual insurer and a recognised MGA.
UK property MGA to launch in January 2024
Real estate managing general agent Ventis is set to launch in January with capacity from Accelerant and the support of Mission Underwriters.
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Meet the MGA: Onda
Launched into the UK in October, chief underwriting officer Alex Jomaa explains why managing general agent Onda is on a mission to simplify and demystify cyber insurance for both brokers and customers alike.
Markel’s State National to bring capacity to UK MGAs in 2024
Markel Group’s State National Companies will be entering the UK on 1 January 2024 with capacity for managing general agents, focusing on specialty commercial lines in a move designed to support an “underserved” market.
MGA Moveda goes live to broker market
Moveda Underwriting, a managing general agent set up by the Movo Partnership in May, has gone live to the independent broking sector with capacity from AmTrust and Irwell.
The stats: Q3 hit by rocketing property owners and fleet rates
The latest figures from Acturis show that commercial insurance premiums continue to rise, resulting in an increasingly challenging environment for brokers and their clients, reports Rachel Gordon.
Rokstone launches sports and prize indemnity division with Allianz capacity
Rokstone has launched a sports and prize indemnity division with an exclusive facility from Allianz Commercial.
Markerstudy prioritising certain business lines but denies capacity squeeze
Markerstudy has admitted prioritising certain business lines over others in the present hard market, as it denied experiencing a “capacity squeeze”.
Opinion: How SME brokers can seize the opportunity of the regulators’ post-Brexit regime
The post-Brexit insurance regime has flushed out the unstable offshore insurers that once passported into the UK through Europe. Some of the hard-to-place risks will have less options, so brokers must now step up and show their worth.
Commercial combined rate rises slow down in Q3, according to Acturis
After almost two complete years where each quarter saw a positive movement of at least 5.0%, growth in average commercial combined premiums dropped to 4.0% in the third quarter of 2023, according to the latest Acturis Commercial Lines Index.
What can MGAs learn from the latest turbulence among capacity providers?
The problems at Accredited and Vesttoo highlight the need for managing general agencies to have good risk management in place on their capacity arrangements.
Telematic providers becoming less competitive as capacity drops
A new report has found telematic insurance providers are becoming less competitive, accounting for just 17% of the top five motor quotes between May and August 2023. This compares with 21% the previous quarter, which particularly effects young drivers.
Interview: CEO Phil Barton on why Partners& is an “antidote to the worst practices in the market”
Having posited the notion that it was an ‘anti-consolidator’ on launch in 2020, Partners& CEO Phil Barton puts forward the case to Jonathan Swift that it has lived up to its lofty ambition.
Accelerant’s UK arm awarded ‘excellent’ ratings
Accelerant Insurance UK Limited has been given top tier ratings from credit issuing agency AM Best.
Meet the MGA: Jensten Underwriting
Just over one year into its existence, Simon Taylor, wholesale managing director, explains why working under one brand, and pulling together in one direction, is so important to getting the best out of Jensten Underwriting.
Resilience ups cyber limits with RSA/Accredited capacity deal
Cyber insurance provider Resilience has expanded its underwriting capacity limits to £10m for insureds in the UK and European Union.
Could regulators stymie the growth of the fronter market in the UK?
The failure of Vesttoo in the US has only increased scrutiny on fronters in the UK. But as Saxon East discovers the emergence of Bridgehaven and continued growth of the MGAs, mean that they still have a potentially bright future.
Moody’s stays negative on outlook for UK insurance
Ratings agency Moody’s has kept its negative outlook on the prospect for UK property and casualty insurance warning of higher reinsurance costs and pressure on personal lines margins as price growth lags inflationary cost increases.