Product
RAC partners with telematics insurtech on connected motor products
RAC Insurance has partnered with Ticker, a telematics insurance specialist, to licence and distribute a suite of connected motor insurance products aimed at consumers.
Alps adds Financial & Legal to GAP panel
Managing general agent Alps has added Financial & Legal to its panel for Guaranteed Asset Protection insurance.
Aon claims ‘next step in predictive broking’ with AI-powered launch
Broking giant Aon has launched a proprietary, patent-pending platform that uses artificial intelligence, large-language models and predictive analytics to transform the commercial insurance placement process.
Cowbell targets cyber insurance education to increase uptake
Simon Hughes, senior vice-president of global distribution at Cowbell, looks to grow the cyber insurance market by educating brokers, as the UK team continues to expand.
Arkel rolls out landlords product on Acturis
Managing general agent Arkel has added its landlords let property insurance ‘Premier Let’ to Acturis meaning it now has products on every software house.
Folgate ramps up e-trade limit for landlords products
Folgate Underwriting has extended its landlords Acturis and extranet e-trade products to plug the e-trade gap with sums insured up to £20m.
Specialist MGA seals new liability capacity across three business lines
Specialist MGA Avid Insurance has partnered with insurer Starr to access fresh underwriting capacity.
Broking Success: One team
James Godsall, managing director of generalist broker Jukes Insurance, on bringing teams together and maintaining a high street-type presence while moving the broker to 50/50 commercial and personal lines.
Staysure moves onto aggregators
Staysure Group is set to launch Avanti Go across multiple price comparison websites, marking the first time the group has made one of its travel insurance brands available via an aggregator.
Folgate ups real estate risk appetite to £70m
Folgate Underwriting has increased its total sum insured per location to £70m for real estate and property risks.
GWP and profit up at Arag ahead of full Das integration
Arag plc has posted a 17.7% increase in gross written premium under management in 2024, driven by its commercial, family, assistance and ATE business, the legal expenses insurer has reported.
Markel targets insurtechs with new launch
Markel Insurance has launched InsurtechRisk+ building on its existing offering for fintechs.
MGA aims to ‘mitigate underinsurance’ with Lloyd’s-backed product
Aurora, the specialist algorithmic managing general agent, has launched a new property owners’ insurance product.
Hiscox launches affirmative AI cover for tech businesses
Hiscox UK has updated its insurance for technology businesses to include affirmative cover for AI-related claims.
Peach grows appetite in hairdressing scheme expansion with Starpeak
Peach has extended its backing for Starpeak’s hairdressing insurance offering to include property cover.
New MGA to target recruitment companies
Acies MGU has created a new managing general agent, Acies Specialist Schemes, launching with an offering for recruitment companies.
Aspect grows product range again with liability offer
Managing general agent Aspect has broadened its product range with liability cover now being offered alongside property risk underwriting.
MGA Optio launches PVT product with Lloyd’s backing
Specialty managing general agent Optio Group has re-entered the political violence and terrorism market, securing Lloyd’s of London backing.
Interview: Keith Hector, Covéa
Keith Hector, commercial lines director at Covéa, looks to make e-trade limits more flexible, highlights “buoyant” schemes business, and teases new products as he targets £200m GWP in 2025.
MGA signs three year capacity deal with AmTrust
Legal expenses and specialist add-on insurance provider Alps has signed a new three-year capacity deal with AmTrust International in another tie-up with the backer.
Cotty eyes Bristol becoming Thomas Carroll’s largest region
Gareth Cotty, group chief commercial officer at Thomas Carroll, details the agility in being independent, opportunities for the Bristol office to become its largest region, and notes further buys and office expansions are not off the table.
MyFirst CEO on social media opportunities and Gymshark founder taking a share
James Noble, CEO and founder of MyFirst, is aiming to create a brand every young person in the UK will know in three to five years by focusing on social media, and Gymshark founder Lewis Morgan has taken a 15% share of the business.
Analysis: Is the era of offshore capacity over, or is it poised for a comeback?
High profile casualties such as Gibraltar-based Enterprise Insurance Company (2016), and Danish providers Alpha (2018) and Gefion (2021) meant offshore capacity came under scrutiny at the end of the last decade. Today there appears to be less noise about…
Aviva’s Yabantu: Consistency of strategy needed in mid-market
Michael Yabantu, head of mid-market at Aviva, highlights the need for consistency in mid-market underwriting strategy, and shares how the insurer is improving response times and refreshing products.