capacity
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 they might not be able to access themselves on the open market.
Prestige becomes preferred non-standard household partner for Ardonagh Advisory
Specialist managing general agent Prestige Underwriting has entered a strategic partnership with Ardonagh Advisory.
Broking Success: Personable service
David Walton, senior director of commercial specialist broker Bromwall, is aiming to double turnover in five years, as the business looks to remain independent offering personable service.
Mosaic launches combined general and environmental liability cover
Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages, available to retail and wholesale brokers.
Market Movement Index: Brokers cutting agencies to focus on fewer insurers
Analysis from Broker Insights shows brokers are consolidating agency numbers and ending relationships with smaller, less useful, insurers. Rachel Gordon breaks down the data.
MGA Aspect expands in property with more products promised for brokers
High-hazards mid-market specialist managing general agent Aspect has rolled out a broader range of product capabilities and a brand refresh.
Howden and Aviva join up on renewable energy
Howden’s power and renewable energy team has launched a UK quote and bind platform.
Ex-Aviva boss Mark Wilson joins Policy Expert as chair
Former Abacai and Aviva leader Mark Wilson will join Policy Expert as chair next month with current chair and CEO Steve Hardy focusing on his CEO role.
Hedgehog Risk seeks new markets after securing US investment
SIG Insurance has acquired a substantial stake in specialist sports and prize insurance provider, Hedgehog Risk.
Pen boosts capacity with QBE in £420m deal package
Pen Underwriting has extended its partnership with QBE in the UK and Ireland, renewing capacity for public authority risks as well as the hazardous goods and environmental industries.
ARMD secures five-year Accelerant capacity
ARMD, a managing general agent for tradespeople, has entered a five-year capacity agreement with Accelerant’s Risk Exchange.
Broker optimism on the up in fleet
Direct Commercial’s latest broker barometer has found 56% of brokers experienced difficulties in securing coverage for smaller fleets in the last quarter, a slight improvement from 60% earlier in the year.
Iprism broadens capacity deal with Zurich
Managing general agent Iprism has signed a multi-year deal with Zurich bringing in capacity for its property owners and commercial combined products.
Review of the Year 2024: OneAdvent’s Tim Quayle
Tim Quayle, CEO of OneAdvent, raises his eyebrows over the BMS/DR&P deal; would stress the importance of proportionality to the FCA; and believes 2024 will go down as the Era of Stability.
Review of the Year 2024: SSP’s Martyn Mathews
Martyn Mathews, MD of SSP Broker reflects on disappointing vote-winning rhetoric, renaming the NEC the Mathews Arena, and asks whether the FCA might roll back a little on some of the principles of Consumer Duty and Fair Value
Review of the Year 2024: Commercial Express’s Duncan Pritchard
Duncan Pritchard, managing director of Commercial Express would like to leave the term underinsurance behind in 2024, reflects on the amount of time he spent trying to get Oasis tickets, and why it would make perfect sense to appear on TV’s Survivor.
Review of the Year 2024: Pen Underwriting’s Nick Wright
Nick Wright, chief development officer at Pen Underwriting, questions the market’s short memory with regards boom-and-bust; is interested in the future of PIB and pan-European consolidation; and offers a pitch to take part in Bear Grylls’s The Island.
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’.
US insurance group looks to sign up MGA partners after UK arm gets PRA nod
US specialty insurer Fortega has received approval to establish Fortegra Insurance Company UK.
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.
Review of the Year 2024: iprism’s Ian Lloyd
Ian Lloyd, CEO of iprism, reflects on integrating the MGA’s first acquisition, the over-use of the term AI and how he might shake the curse of ‘dad dancing’ by appearing on Strictly Come Dancing.