Professional indemnity (PI)
Mission aiming to launch six more MGAs by end of 2026, says CEO Dingwall
Accelerant-backed MGA incubator Mission is looking to almost double the number of UK/EU firms under its auspices to 15 by the end of 2026, according to CEO Ross Dingwall.
Q&A: Richard Webb on his career, retirement and advice to the next generation
Having retired from Pen Underwriting earlier this year, Richard Webb reflects on his career, gives insight on exceeding expectations with building and selling MUM, shares his belief in the importance of gut instinct and reveals the exit message that made…
SRG buys elite sports specialist
Specialist Risk Group has purchased Health Partners Europe and SEMPRIS, a group providing specialist healthcare schemes, insurance and technology solutions to elite sport.
Brunel launches specialist tech broker
Brunel Group has launched BrunelTech, a specialist broker for the technology industry.
BP Marsh invests in PI broker and MGA start-up
BP Marsh & Partners has invested £2m in Salus Capital Partners, taking a 35% stake in the start-up insurance group specialising in professional indemnity.
Starpeak and Peach team up to target ‘creatives’ sector
Digital distributor of specialist products Starpeak has teamed up with Peach to expand its cover for the creatives sector.
Pen and Bridgehaven team up for solicitors’ PI capacity deal
Pen Underwriting has unveiled a new strategic partnership with hybrid fronter Bridgehaven Specialty UK to support its solicitors’ professional indemnity portfolio.
JMG makes major MGA move with latest buy
JMG Group has bought professional and financial lines specialist managing general agent XS Assure, Insurance Age can reveal.
Pen seals new solicitors’ PI facility after IGI capacity deal ends early
Pen Underwriting has put new solicitors’ professional indemnity business on hold while it finalises a new long-term capacity deal for the product line.
Pen deepens SiriusPoint partnership with PI capacity deal
Pen Underwriting has expanded its partnership with SiriusPoint with a new capacity deal for international professional indemnity risks.
Education key as AI adoption faster than ever, says CFC’s Radu
Focusing on the end client and education programmes spanning policyholders, brokers and insurers is key to success as companies ramp up the use of artificial intelligence, CFC head of technology Aura Radu told Insurance Age.
Peach grows in 2024 as NPAI moves back into profit
Peach, a trading style of NPA Insurance, grew net premiums by 70% in 2024 as it ceded less business to reinsurance.
MGA strikes first UK deal of 2025 with PI specialist buy
Optio Group has bought UK-based MGA Custodian Management for an undisclosed sum, subject to regulatory approval.
The generational wealth gap and investment risks – a looming risk for brokers
Financial constraints have led to a greater reliance among younger generations on alternative investments that pose higher risks for investors and their financial advisors. As a result Kate Albert, CEO and co-founder at Kova Professions, warns brokers…
Cowbell makes first move beyond standalone cyber insurance in UK with PI launch
Cowbell, provider of cyber insurance for SMEs and middle-market businesses, has launched professional indemnity and cyber cover for technology companies with up to £1bn in annual turnover.
Meet the MGA: Elmlake Underwriting
A seasoned professional indemnity underwriter, Darren Galloway, managing director of new MGA Elmlake Underwriting, explains how it plans to fuse both traditional and modern approaches to offer a one-stop shop for brokers and their clients.
In Depth: How can brokers access capacity for specialist and non-standard risks?
Brokers continue to face challenges placing non-standard specialist risks that sit outside the core appetite of many mainstream insurers. Edward Murray explores how MGAs might be able to help these intermediaries grow their books by giving them capacity…
Hiscox hires from rival to launch new FI offering
Hiscox has launched a new financial institutions offering, headed up by Joe Dearsley who has joined from Liberty Specialty Markets.
Bottle to lead Arch in the UK following Bashford retirement
Arch Insurance International has promoted Mike Bottle to the role of managing director of the Arch Insurance UK regional division, with immediate effect.
Aon completes Griffiths & Armour buy
Global giant Aon completed the takeover of Top 40 UK insurance broker Griffiths & Armour on 1 January.
Review of the Year 2024: Collegiate’s Richard Turnbull
Collegiate managing director Richard Turnbull expresses disappointment with the return of the ‘pay-to-play’ model in broking, surprise at Aon’s acquisition of Griffith & Armour and considers whether 2024 was the ‘era of repeating past mistakes’.
Capacity to dominate PI market trends in 2025 as report outlines rate decline
Professional indemnity rates have fallen at a speed that has surprised many, according to the fourth edition of the UK PI Market report from law firm, Clyde & Co.
Partners& in triple swoop
Partners& has added another two brokers and a managing general agent to its stable, Insurance Age can reveal.
RSA claims PI first with product aimed at climate professionals
RSA has today launched a professional indemnity product aimed at climate professionals.