Start-ups
New MGA aims to combat broker frustrations with PI
A new managing general agent has launched targeting mid-market SME professional indemnity business.
Has cyber reached a tipping point with new entrants and incumbent product pushes?
Against a backdrop where the Financial Conduct Authority has warned the cyber insurance market over its concerns on policy wordings, a recent survey has found over one-third of brokers are still not selling this product. Siân Barton mulls whether a raft…
Tint’s Jodi Cartwright on shifting the customer acquisition timeline
Tint Financial Services is targeting going live with broking before the end of the year with the goal of becoming an award-winning broker, chief commercial officer Jodi Cartwright has confirmed.
TBIG backs first broker start-up
Nathan Walton has launched Cheshire-based commercial broker Insurance Connections, backed by The Broker Investment Group.
Insurtech broker founder Halsey departs for software provider
Insurance software solutions provider Genasys Technologies has named former Taveo co-founder and COO Ed Halsey as its new vice president of marketing.
Fear of AI often comes from fear of change, says Ignite MD MacLachlan
Having surged forward in the past two years, Ignite plans to continue growing by strengthening partnerships with insurers, expanding with brokers, via its Ignition programme and through the integration of its artificial intelligence-powered chatbot.
Members’ 25% growth a “powerful” proof point, says Hedron leader Haggart
Hedron members grew by 25% in the past 12 months, according to analysis by network CEO Chris Haggart.
Ex-Hastings boss Utley on Percayso investment and the state of UK motor market
Neil Utley’s investment in data intelligence provider Percayso Inform was spurred on by an understanding that the insurtech would have made his job a lot easier had it existed when he was chair of Hastings Direct.
Movo Partnership hits £100m GWP ahead of target
Movo Partnership network has hit its £100m gross written premium target months earlier than originally planned.
Optimism among brokers as Birmingham diversifies from manufacturing into booming new industries
The insurance sector in Birmingham is full of activity and has a bright future, according to experts who work in the area, as Ida Axling discovers.
Ripe Thinking notches up first buy with boat insurance specialist
Insurtech broker Ripe has completed its first acquisition by snapping up specialist boat insurance provider, Craftinsure.
What next for Mark Wilson after Abacai exit?
Despite his departure from insurtech Abacai, Mark Wilson has talked previously about the need to disrupt the insurance status quo going back to his days as group CEO of Aviva. Based on the assumption this exit is just a blip in that mission, Jonathan…
Dayinsure’s Barry Bown made Abacai group CEO after Wilson exit and job cuts
Barry Bown, boss of Abacai Technologies owned-Dayinsure, was promoted to group CEO after the departure of his predecessor Mark Wilson, Insurance Age can reveal.
Accelerant-backed start-up MGA Kayzen targets regional financial lines
Kayzen Specialty, a new specialty managing general agent focused on the London and UK regional financial lines market has been launched.
MGAs fear regulatory scrutiny will deter new entrants and diversification
Nine in 10 managing general agents believe that regulatory scrutiny will increase over the coming year, potentially deterring more entrants into the space.
Insurtech Innovative Risk Labs enters Lloyd's
Innovative Risk Labs has staked a claim for being the first-ever broker of its kind to secure a license to operate within the Lloyd's market.
Spike in number of young entrepreneurs launching insurance businesses
The number of 18 to 25-year-olds starting their own brokers or insurance related companies increased significantly last year as the start-ups market also grew, according to research by Instant Offices.
The benefits and potential pitfalls of broker clubs
As Zurich becomes the latest major insurer to introduce a club for brokers, Ida Axling investigates the evolution of these offerings, and whether they remain as attractive to intermediaries as they were in the past.
UK Broker Awards deadline extended until 26 May
The deadline for the 2023 UK Broker Awards has been extended until this Friday (26 May), so you still have a chance to be in it to win it!
Manchester, Liverpool and the buoyant North West are under the spotlight
As we put Covid-19 behind us, Sophie Locke-Cooper discovers brokers in the North West are positive about the prospects of the local market despite worldwide economic challenges such as inflation and UK-wide issues such as recruitment and talent retention.
Starting up a broker can cost as little as £50,000 – WTW networks
Willis Towers Watson Networks believes brokers can start up for as little as £50,000.