Mark Hands, former head of trading (North) at the insurer has set up Mercia Underwriting which is due to begin trading on 1 January with capacity arranged through Lloyd’s by Circle Insurance Services.
Midas, part of Ardonagh Group, will take over Direct’s specialist business as it looks to grow GWP to £100m.
Private equity firm to provide capital for growth plans including acquisitions.
MGA, part of the Seventeen Group, to roll out the offering at Broker Expo.
This week's most read stories include two broker deals, a scheme launch, one new broker and the unveiling of an MGA.
Broker to provide administration services for Neos' smart home insurance proposition.
Anjuna Underwriting to write motor business through Bollington's wholesale network.
The broker will focus on motor and will be based in Cheadle, Manchester.
The MGA move was revealed in company accounts which also showed that Eldon made a loss in 2016.
Deal is broker's eleventh in 17 months.
Launch delayed due to impact from the Ogden rate change.
According to the MGA the cover will be available to all new and renewal SME clients that opt to use its panel of service vendors in the event of a claim.
MGA says CFC BreachAlert will notify policyholders in real-time if any of their data is posted on the dark web.
Start-up says new platform uses over 260 external data sources.
The MGA will offer home build and construction and engineering products to brokers.
The Lloyd’s insurer said it wants to invest and build a global property and casualty insurance and reinsurance platform.
TeleFleet to build offering using telematics data.
The MGA has also launched a marine trades facility for the UK regional marine market.
Learn more about the lighter side of the Pukka Insure and Action 365 CEO in our quick-fire Q&A video.
Current management team to stay on following the deal.
Due diligence, Brexit, training, professionalism, and lobbying are key focuses for the Association’s future.
The MGA has teamed up with Lloyd’s insurer Atrium Underwriting to provide the cover.
Firm describes MGA market as "red hot" for new starts and potential investor interest as it buys Vectura Underwriting.
The business has now moved to Nexus’ headquarters in Leadenhall Street.