Insurance Covid-Cast: Insurtech 100 special – Distribution Focus Two with Next Insurance COO Sofya Pogreb and Trov GM Ian Sweeney
In the 24th episode of Post and Insurance Age’s video series we gathered together two start-ups featured in the Insurtech 100, both of which have pivoted from business-to-consumer distribution, to B2B2C.
Insurance Covid-Cast: Insurtech 100 special – 'AI/Data Analytics' with Concirrus’ Andrew Yeoman and Cytora’s Richard Hartley
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CEO Andrew Horton says provider is committed to regional brokers through its Birmingham office despite recently pulling out of UK regional marine.
Keep up to date with the latest market moves.
The book of business will be transferred to N&G at renewal and NMU marine trade underwriters will move across as part of the deal.
Marine specialists expect to find replacement cover in the short-term, but predict that more market hardening is on the way.
Decision could result in a small number of redundancies as the insurer pointed to pressure and low margins in the sector.
Neon's parent company American Financial Group has decided to exit the Lloyd's market.
Offering is targeting renewable energy companies that operate domestically and abroad.
PE firm takes a 30% stake in the specialist marine broker.
Brokers report reduced numbers of staff in the provider’s Chelmsford office and say MS Amlin’s recent action is continuation of providers exiting regions.
Experts say the restructure is understandable but could lead to office closures as Amlin pulls out of nine business lines.
Although brokers are not worried by the provider going into run-off, they have concerns over tightening capacity.
Provider says reorganisation will not result in any branch closures and that it plans to keep existing staff wherever possible.
The MGA stated that the timing of the the Lloyd's review was a contributing factor in the decision.
Provider pulls out of international construction, international freight and fixed price marine protection and indemnity business and is consulting with staff members about redundancies.
Broker's fourth deal of 2018.
MGA targets small and medium sized UK brokers.
Deal adds £1.4m of GWP to the firm.
Having found Angela McCluskie’s blog on marine cargo insurance interesting and thought-provoking, John Potter shares his thoughts on how the market may develop.
Angela McCluskie of Fiducia pushes against creeping commoditisation in marine cargo and tells brokers there are opportunities for the taking in this complex market.
Check out the top five downloads from Insurance Age’s sister site Insurance Hound.
Product designed for small businesses with £200,000 or less in turnover.
EY and Guardtime team up with Willis Towers Watson, MS Amlin, XL Catlin, A.P. Møller-Maersk, ACORD and Microsoft on new platform.