Liability
Allianz Commercial backs MGA on marine products
Allianz Commercial has teamed up with ProMarine on a multi-product strategic underwriting and claims delegated authority agreement.
Accelerant Insurance Europe sees record GWP ahead of UK MGA business transfer
Accelerant Insurance Europe recorded €780m (£664m) gross written premium for the 2023 financial year (2022: €659m), according to its latest Solvency and Financial Condition Report.
Pen expands into Ireland with Wrightway Underwriting
Pen Underwriting has bought Republic of Ireland-based managing general agent Wrightway Underwriting establishing its first on-the-ground presence in the country.
Sompo targets mid-market tech with modular offering
Sompo has launched a modular product for mid-market UK clients aimed at technology and telecoms service providers, plus electronic product manufacturers and assemblers.
RSA teams up with MGA to launch management liability product
RSA Insurance in partnership with the PIB Group-owned MGA Q Underwriting has launched a new management liability product.
Aurora launches policy in partnership with Axa
Managing general agent Aurora has launched its second specialist offering, a management liability policy in partnership with Axa.
Market Movement Index: should I stay or should I go?
New research from analyst Broker Insights shows there is plenty of commercial policy movement – particularly in lower premium classes – which indicates strong competition and adequate capacity. But do brokers agree? Rachel Gordon reports.
Intellectual property – how can brokers help clients insure the intangible?
There is more intellectual property in existence today than ever before – and its value is growing at a faster rate than physical assets. Martin Friel explores what products exist to help brokers protect their clients’ intangible assets and why SMEs are…
Macquarie MGA granted Lloyd’s coverholder status
Macquarie Insurance Facility is to expand its insurance capabilities following approval as a Lloyd’s coverholder.
US fronter Hadron set to onboard first UK MGA in Q2
Altamont-backed hybrid insurer Hadron is aiming to change the reputation of fronters to businesses that priortise sensible and measured underwriting rather than just scale.
JMG strikes its biggest deal of 2024 with BQI swoop
JMG Group has bought BQI Insurance and sister company BQI Protection.
In Depth: Managing cyber risk in an ever-changing security landscape
In today’s interconnected digital landscape, cyber threats are becoming more sophisticated, posing serious risks to organisations and their partners. Aviva’s cyber senior risk consultant, Oliver Osei-Ofosu, explains the importance of cyber security can…
Bissell & Partners adds Lloyd’s broker status to offering
Bissell & Partners has been authorised as an independent boutique Lloyd’s insurance broker.
Chubb rolls out new practice targeting healthtech sector
Chubb has launched a new healthtech industry practice in the UK.
QBE launches regional healthcare practice group
QBE has created a healthcare practice group which will be supported by all regional offices in the UK, Insurance Age can reveal.
The stats: Hard market remains - but for how much longer?
Property and fleet rates remain stubbornly high as shown by the latest Q4 figures from the Acturis Commercial Lines Index, Rachel Gordon reports.
Holmes promises to ramp up focus on smaller brokers and across mid-market
Allianz has been growing in SME business and will push ahead further with smaller brokers this year alongside targeting growth in mid-market, according to UK CEO Colm Holmes.
C-Quence enhances management liability with legal expenses
C-Quence has unveiled ML6, enhancing its management liability offering with a legal expenses module and the addition of a range of client support services.
Has cyber reached a tipping point with new entrants and incumbent product pushes?
Against a backdrop where the Financial Conduct Authority has warned the cyber insurance market over its concerns on policy wordings, a recent survey has found over one-third of brokers are still not selling this product. Siân Barton mulls whether a raft…
UK commercial pricing flat in Q4 – Marsh
UK commercial insurance pricing was flat in the final quarter of 2023 having posted its first fall in years in Q3, according to the latest research by Marsh.
NBS launches excess of loss liability insurance
NBS Underwriting has launched excess of loss liability insurance in a move it flagged enables brokers to offer an additional £5m of public liability cover beyond primary level limits.
TBIG backs first broker start-up
Nathan Walton has launched Cheshire-based commercial broker Insurance Connections, backed by The Broker Investment Group.
Arch to sell MGA platform Castel to Ryan Speciality
Ryan Specialty has signed a definitive agreement to acquire Castel Underwriting Agencies from Arch Financial Holdings (UK) and minority shareholders.
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.