Arch Insurance Group
Insurers argue FCA victory would lead to ‘injustice’
Defendants in the Financial Conduct Authority’s BI test case warn providers could be liable for losses they never agreed to cover.
Insurers lock horns with FCA in BI test case defences
Brokers brought into fray as providers file a variety of defences including proximate cause and the ‘Sweden defence’ in the landmark case to determine the validity of BI claims arising from the coronavirus pandemic.
BI Test Case: Hiscox argues business hardship likely even without lockdown
Hiscox aims to compare Covid-19 economic hit to Sweden and ‘draconian’ UK in Financial Conduct Authority BI test case.
People Moves round-up: 18 - 22 May 2020
Keep up to date with the latest people moves.
Arch UK hires director of underwriting in regional push
Provider promotes Stuart Danskin, who is tasked with leveraging regional broker relationships and deploying new products.
Castel enters construction market with new offering
Sector has recently been troubled by hardening capacity and cover shortages.
Ardonagh losses rise to £44.5m in H1 2019
Broking giant also posts growing income as a result of the deal to buy Swinton.
Arch Capital buys Barbican
The deal is the latest in a long line of acquisitions by the group.
Arch UK to expand into cyber
The product will be sold by brokers and is aimed at supporting SMEs following a cyber event.
Arch buys Obelisk Underwriting
The business is to become part of the Arch UK Regional Division and follows its deal to buy Axiom Underwriting earlier this month.
Axiom Underwriting now part of Arch UK regional division
Deal follows Arch's purchase of Ardonagh's commercial MGA businesses last year.
Arch Insurance International invests in MGA
Archipelago, a personal lines managing general agent has been set up by former Aon-executives Richard Coleman and Angus Simpson.
Products/schemes: Dual unveils standalone POSI
Specialist underwriting agency Dual Corporate Risks has launched a standalone product for public offering of securities insurance.
Power hour: Calling in the experts?
This month's debate, with live interaction from Twitter, ascertains what value MGAs bring to brokers' businesses and the wider market. Are they simply another mouth to feed or the specialists that insurers and brokers need to service a diverse client…