Professional indemnity (PI)
People Moves: 21-25 November 2022
Keep up to date with the latest personnel moves in insurance.
Kingsbridge teams up with QBE and Zurich to launch wholesale product
Kingsbridge has launched a wholesale product which includes indemnity and liabilities packages for SMEs and contractors.
Bridge reports record operating profits
Manchester-headquartered Bridge Insurance Brokers has delivered a 34.2% rise in operating profit in the year to 31 March 2022 taking the total to a record £974,614.
Meet the MGA: Spring Insure
Spring co-founder and CEO Nathan Sewell explains why capacity alignment is key for his MGA and his fondness for ‘grafters’
AssuredPartners buys Anchorman
US-headquartered AssuredPartners has bought professional indemnity specialist Anchorman Insurance Consultants.
Video Q&A: Travelers Insurance on the opportunities afforded brokers by the UK technology sector
Travelers Insurance’s Stuart Hawkins talks to Insurance Age about the coverages and issues brokers need to be aware of to manage clients in the technology sector.
Broker PI expert Inperio extends capacity deal with Accredited until 2027
Accredited Insurance (Europe), the wholly owned subsidiary of R&Q Insurance Holdings, has signed a long-term extension with professional indemnity specialist managing general agent Inperio (London).
Ardonagh Specialty to buy Oxford Insurance Group
Ardonagh Specialty has signed up to acquire Lloyd’s broker Oxford Insurance Group.
MGA Spring Insure enters the commercial PI market with McManus hire
Spring Insure, the specialist financial and professional lines managing general agent, has appointed Paula McManus as senior professional indemnity underwriter effective 3 October 2022, Insurance Age can reveal.
Clear Group snaps up legal indemnities broker
Clear Group has made its 36th acquisition with the purchase of legal indemnities broker LawSure Direct for an undisclosed sum.
People Moves: 5-9 September 2022
Keeping you up to date with the latest insurance moves.
IUA develops wording to support removal of unsafe cladding
The International Underwriting Association has developed a clause to help support the removal of unsafe cladding on high-rise buildings.
Blog: Why tripartite partnerships are key in the professional indemnity market
As the professional indemnity market continues to be beset by ever more challenges Nic Brown, of Markel UK, explains why the successful placement or renewal of cover now, more than ever, relies on strong partnerships between insurer, broker and insured.
FSB flags small firms' concerns on price of insurance
Small firms are encountering widespread problems in their dealings with the insurance market and rising premium costs, a new report has found.
Burns and Wilcox eyes £60m-£65m in GWP
The MGA and underwriting business has experienced “significant growth” since it was created in 2019 and is open to M&A as a tool for growth according to CEO, Stuart Kilpatrick.
Blog: Is the industry focusing enough on customer needs?
Nic Brown, of Markel, argues that meeting the needs of customers may have slipped as a priority for the industry during the current hardening market and rising premium inflation.
Landmark Underwriting makes two buys
Landmark Underwriting has revealed its first two deals after raising debt financing through SME lender BOOST&Co.
Cyber hits top spot for schemes commission earnings
SchemeServe research shows that cyber has outpaced other insurance schemes with an 87% increase in commission earnings over the past six months.
MUM reveals growth post Pen takeover
Manchester Underwriting Management has grown to just south of £70m gross written premium since being bought by Gallagher-owned Pen Underwriting, CEO Charles Manchester told Insurance Age.
Profit and turnover up at One Broker as firm eyes acquisitions
One Broker has posted a 21.2% rise in Ebitda to £2.15m in its latest set of annual results driven by schemes success.
Mason Owen Financial Services completes MBO from parent company
Commercial property agency Mason Owen & Partners has sold its majority shareholding in broking arm Mason Owen Financial Services and its subsidiary companies to the current management team led by managing director Andrew Gibbons.
In Depth: Legal expenses cover proves value in volatile times
The turmoil caused by pandemics and politics in the past two years has created an increasingly litigious landscape and served to highlight the value and benefit of legal expenses to businesses, says Tim Evershed
Blog: Reducing the personal guarantee risk of solicitors’ PI
Todd Davison, managing director of Purbeck Personal Guarantee Insurance, assesses a particular challenge facing brokers and the solution available as the solicitors professional indemnity insurance renewal season fast approaches.
Broking Success: Gearing for growth
Richard Amphlett, Cox Mahon managing director, who is also the High Sheriff of Worcestershire for 2021-2022, spoke to Insurance Age about the company’s history, the challenges surrounding professional indemnity, and his plans to triple the business in…