Group commercial director Gary Humphreys says MGA is in talks with two potential providers after it was asked by backer QIC to find alternative capacity for its commercial SME book.
Motor MGA has reached its capacity limit with providers, according to a report.
The Danish regulator says the unrated provider has “serious liquidity problems” as Gefion says it is in progressed discussions with potential capacity providers.
Motor broker MCL relocates and registers Irish operation to Swords, Dublin to enable it to continue trading as normal following UK’s EU exit.
Gefion has disagreed with the decision, as the regulator points to issues with one of the provider's reinsurance contracts.
The Danish provider has complied with the order from a regulator to have liquid assets of at least €5m by the end of 2019, after further investment from shareholders.
Losses went down for the motor provider in final full year results ahead of Policy Expert buying the broker in June 2019.
Andrew Alcock, COO at TH March, reviews the events of 2019 and Phil Bayles, CDO at Aviva, outlines what we can expect from the New Year.
Alastair Christopherson, group managing director at The County Group, shares his reflections on 2019 and how brokers should be preparing for the year ahead.
New capacity deal will see UK partner Tradewise Insurance Services write motor business into 2020.
Andrew Brown-Allan, CMO at Carrot Insurance, explains his year in insurance and what we can expect next.
Endsleigh’s five-year contract with rival software provider SSP, signed in May 2018, is unaffected by the deal.
The Be Wiser boss reflects on the top insurance issues of 2019 and shares his predictions for the industry in 2020.
The MGA moved away from the troubled unrated Danish provider earlier this year.
CII survey highlights there is more for the industry to do to tackle the loyalty penalty.
Firm has provided a daily rate insurance product through PIB-owned Cooke & Mason since 2004.
Blanc, whose Aviva appointment was also announced this week, has joined a specialist motor insurer to drive acquisitions and organic growth.
InsurTech Futures: Motorbike specialist says app will automate the customer onboarding process, enabling it to process higher customer numbers faster and at a lower cost.
InsurTech Futures: Start-up has also raised £15m, with Lloyd's of London chairman Bruce Carnegie-Brown and JLT CEO Dominic Burke among the backers.
Fitch warns that the FCA's potential ban on dual pricing can lead to "significant strain" as it declares a negative outlook for UK home and motor insurers.
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Zurich will maintain control of pricing while Applied Systems will support connectivity, quoting and data exchange between Zurich, brokers and policyholders.
Restructures costing the business £60m will also take place over the next two years.
Regulator issued new guidance on how brokers and providers can best serve customers.