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Ecclesiastical launches broker cyber guidance
Insurer says cyber attacks are increasing in frequency.
Markerstudy forced to go "on hiatus" for new quotes in commercial lines
Group commercial director Gary Humphreys says MGA is in talks with two potential providers after it was asked by backer QIC to find alternative capacity for its commercial SME book.
Claims inflation continues to bite at Hastings
Trading update reveals provider has restated its operating profit from £125m to £110m – a drop of 12%.
Pukka temporarily suspends trading
Motor MGA has reached its capacity limit with providers, according to a report.
The Blog Spot: Kicking things off
Editor, Siân Barton, considers how the insurance space has launched into 2020 and looks back to a thread from 2019 that should be picked up again this year.
FSCS hikes broker levy up by £11m for 2020/21
Organisation says indicative levy for general insurance distribution is £23m and publishes Plan and Budget for the next financial year as total levy goes up by £87m.
Getsafe partners with Hiscox for UK launch
German MGA Getsafe, which offers digital contents insurance, was established two years ago.
RSA e-trading director exits
Move comes as RSA restructures its UK business after creating a unified commercial division.
Gefion ordered not to expand its scope of business
The Danish regulator says the unrated provider has “serious liquidity problems” as Gefion says it is in progressed discussions with potential capacity providers.
Beazley launches suite of D&O products
Offering is available for non-US domiciled firms and offers limits of $25m (£19m).
Jon Hancock to exit Lloyd's
Hancock is set to step down in 2020 after three years at the insurance market.
Former FCA insider develops compliance platform for brokers
Industry veteran Michael Sicsic partners with Governor Software to help brokers and insurers digitalise key compliance processes in a changing regulatory environment.
Former MS Amlin underwriter launches equine MGA
David Ashby Underwriting will service MS Amlin's livestock and bloodstock business as part of the agreement.
XL division absorbs Axa Corporate Solutions and Axa Art
Merger had originally been expected to be completed by the end of 2018.
Former RSA boss Steve Lewis joins Pro Global
Lewis left RSA in February 2019 and joins as CEO of the outsourcing and consulting specialist next month.
The Insurance Age Podcast: 10 January 2020
Laurence Eastham and Siân Barton consider the top stories from the first full week back in the office in 2020, focusing on Gefion and the recent spate of run-off announcements.
Brokers predict more marine exits after Beazley run-off
Marine specialists expect to find replacement cover in the short-term, but predict that more market hardening is on the way.
Blog: What happens next in the PI market?
MUM's Sachin Gupta predicts a rocky road for professional indemnity insurance.
Beazley places UK regional marine book in run-off
Decision could result in a small number of redundancies as the insurer pointed to pressure and low margins in the sector.
BHIB launches new insurance broker
Create Insurance provides cover for freelancers, with GI policies underwritten by Hiscox.
Danish regulator orders Gefion to correct information
Gefion has disagreed with the decision, as the regulator points to issues with one of the provider's reinsurance contracts.
Blog: Is climate change insurable?
Ben Davis of Digital Risks examines how insurers and brokers can survive in the ‘new normal’ of significant and frequent climate-related losses.
People Moves Round-up: 6-10 January
Keep up to date with the latest market moves.