InsurTech Futures: The MGA has also automated management liability policy wordings for some types of firms.
Nexus group CEO Colin Thompson says to expect more acquisitions.
The Association of Consultant Approved Inspectors (ACAI) has called on the government to review its Approved Inspectors Scheme of Insurance.
Organisation references Grenfell Tower tragedy as it unveils advice to brokers, including to identify which materials and dangerous substances are used in the building process.
Tokio Marine HCC’s Julian Goodall considers the snappily-named clause developed to iron out liability issues in construction.
Policies are aimed at UK companies with a turnover of up to £350m.
MGA says policy can offer over 500 trades, including builders and engineers, access to a wide range of covers.
The media industry is dealing with an increasing array of threats as technology transforms the sector. Chubb's Siân Rolf explains why brokers need to constantly review policy offerings to make sure the demands of multi-channel/ multi-platform clients are…
Policies cover risks including environmental and natural resource damage and is available to SMEs and contractors.
Seaway Insurance Consultants' Chris Howell reviews Axa Insurance's Management Liability online product
Insurer focuses on middle market and multinational clients.
Start-up MGA unveils management liability product and tech platform.
The cover is available wholesale to brokers through a portal developed by SchemeServe.
Aviva's claim that it would disrupt the market with its new subscription-style product got brokers talking in the final month of the year.
Sector also made a contribution to the UK economy worth £29.5bn and paid close to £12bn in taxes, according to the ABI.
Broker predicts liability market hardening, greater onus on job training, and that vulnerable customers will be looked after better.
However the ABI noted that the “clock is now ticking” on the first review process into how the discount rate is determined.
The regulator stuck with Aon as its broker.
Brokers warned to prepare for prices to increase by 10%-15% as the provider’s departure causes “ripple effect”.
New offering applies to claims relating to directors & officers’ liability and company legal liability.
Business will wholesale product from next January.
MGA states brokers seeing rising demand due to expansion in regional airports.
Product can be white labelled.
The insurer is set to write business lines including property, liability, warranty and PI and is targeting £50-60m GWP by January 2019.