Product
Cyber stalking, abduction and bribery among risks covered by new Hiscox product
Hiscox has launched Personnel Security Plus
Addept and All Broker Services partner on ancillary insurance distribution
Specialist ancillary insurance providers Addept Insurance Services and All Broker Services have teamed up in a product distribution partnership.
Markel adds legal expenses to PI combined
Markel has added legal expenses cover as standard to its professional indemnity combined product in a move it stated was in response to broker feedback.
Commercial Express launches tattoo and body piercing product
Commercial Express has launched a tattoo and body piercing product, giving brokers access to a customisable package product.
Interview: Coalition’s Tom Draper on doubling in cyber with brokers
Cyber specialist insurer Coalition has grown to 32 people in the UK working with over 5,000 insurance staff in brokers across the country since going live in 2022, and is looking to expand again with a network of regional underwriting hubs, according to…
Blog: The integration of NIG into RSA – moving towards a unified market presence
A year ago, RSA reached an agreement with Direct Line Group to acquire its brokered commercial lines operations, including NIG and FarmWeb. David Enoch, distribution and proposition director at the insurer, gives an update on the progress since then.
TMHCC combines event cancellation and cyber cover
Tokio Marine HCC has launched a malicious cyber event extension to its cancellation product available through its Lloyd’s syndicate and HCC International Insurance.
The stats: Q2 2024 – Commercial combined and combined liability premiums fall for first time in three years
The smallest index movement since Q2 2021 suggests the commercial lines market is starting to become more competitive again, as Ida Axling reports.
Alps teams up with Fortega on GAP sales
Fortegra Europe Insurance has partnered with Alps for the distribution of Guaranteed Asset Protection insurance.
Dual UK buys MGA International Passenger Protection
Dual UK has signed up to buy managing general agent International Passenger Protection, which provides cover against insolvency of travel operators or other related suppliers.
Market Movement Index: Smaller insurers gain market share from re-broking
New research from Broker Insights shows brokers are placing more business with smaller players, resulting in a changing landscape where competition can thrive. Rachel Gordon reports.
FCA: brokers struggling to marry remuneration with evidence of fair value assessment
Brokers are still struggling to provide adequate evidence they are appropriately assessing whether their remuneration is consistent with the fair value of the product they are selling.
New product for beach hut and chalet owners launched
Compass, a specialist provider of caravan and leisure insurance, has launched a new policy offering cover for beach huts and beach chalets.
Accredited announces first major capacity deal post R&Q sale
Aventum managing general agent Rokstone has agreed a multi-year and multi-strategy capacity agreement with Accredited.
Meet the MGA: Altea
Carly Matson, CEO of Altea Insurance, outlines how her MGA is helping healthcare professionals and organisations fulfil their insurance requirements against a backdrop of hard rates and frustrations around regulation/licensing.
Body cameras improve claims dispute times and pricing – Axa’s Barnett
Body cameras help decrease the length of claims disputes involving brokers according to Dougie Barnett, director of customer risk management and midmarket at Axa UK.
Alps partners with AmTrust on motor book
Add-on insurance provider Alps has moved its entire motor book, under a full delegated authority agreement, to AmTrust International.
Interview: Axa UK looks to leverage scale - Foley
Axa Commercial can now move “quicker and price more effectively” due to a new workbench system, which is “beneficial” to brokers and customers, according to Tara Foley, CEO of Axa UK and Ireland.
Allianz updates motor trade product
Allianz has refreshed its motor trade product with the aim of reflecting the evolving needs of its customers and the technological changes that are affecting the sector.
Acturis continues personal lines push with Covéa
Acturis has partnered with Covéa to make the insurer’s Home IHP product available on its platform, adding to the previously rolled out motor offering.
Bexhill UK partners with Acturis on premium finance
Bexhill UK and Acturis have partnered in a full API integration of Bexhill’s premium finance system and Acturis’s insurance broking system.
Broking Success: Fiercely independent
Paul Wadsworth, managing director of FR Ball, is looking to grow the business to £24m gross written premiums as it aims to offer soft landings for acquisitions.
Car premiums drop for second quarter in a row
Comprehensive car insurance premiums fell by 6% (£59) between April and June 2024, the second quarter of decreases according to the latest research by Confused/WTW.
Gallagher boss: Whether fronter or insurer, MGAs need ‘certainty of capacity’
In the head-to-head Fronting Insurers Vs Traditional Insurers session at the Managing General Agents Association conference last week, Martyn Glover, partner at Gallagher Re, stated MGAs need certainty of capacity.