capacity
Onex MD targets “responsible growth” after completing Accredited deal
Onex Partners has completed its acquisition of fronting business Accredited.
Brokers lacking when it comes to commercial motor FNOL best practice
Brokers are lagging in educating commercial motor clients on the best practice when it comes to first notification of loss procedures.
Cowens MD aims for minimum 10% income growth this year
Mark Wilson, managing director of Cowens Group’s general insurance division, told Insurance Age he would be “disappointed” if income didn't grow by at least 10% by the end of the year.
Broker moves Accredited-backed MGA capacity to Aviva with extended facility
Norwich-based insurtech broker Pikl has replaced its MGA capacity after signing a deal with Prestige Underwriting, backed by Aviva.
R&Q opts for provisional liquidation
Accredited owner R&Q Insurance Holdings has decided to file for provisional liquidation in Bermuda and sell the fronting business through that route.
Rokstone launches in sports personal accident with Amato hire
Managing general agent Rokstone has expanded with a global sports accident portfolio, hiring Graham Amato as underwriter for the launch.
C-Quence switches from NIG to Sompo on P&C
Managing general agent C-Quence has added Sompo as capacity provider for its property casualty and property owners propositions, Insurance Age can reveal.
AM Best keeps Accredited ratings unchanged during sale turmoil
AM Best has confirmed that the A- (Excellent) ratings of R&Q-owned Accredited remain in place but are still under review.
R&Q ponders liquidation route as Accredited sale to Onex drags on
Accredited owner R&Q Insurance Holdings has confirmed the possibility of filing for a provisional liquidation in Bermuda and then completing the sale of Accredited to Onex through that process.
Focus partners with Markel for construction binder
Wokingham-based managing general agent Focus Insurance has partnered with Markel for a construction binder.
Allianz Commercial backs MGA on marine products
Allianz Commercial has teamed up with ProMarine on a multi-product strategic underwriting and claims delegated authority agreement.
Accelerant Insurance Europe sees record GWP ahead of UK MGA business transfer
Accelerant Insurance Europe recorded €780m (£664m) gross written premium for the 2023 financial year (2022: €659m), according to its latest Solvency and Financial Condition Report.
SRG adds Accredited capacity to MX
Specialist Risk Group’s managing general agent, MX, has sealed a capacity deal with Accredited Insurance (Europe).
SRG drives into motorsport with Allianz hire
Specialist Risk Group’s managing general agent, MX, is on the starting grid for the launch of a specialist motorsport underwriting offering, and has added a new leader.
Broker Insights unveils new CEO as founder Edmond becomes president
Data analysis specialist Broker Insights has changed its leadership team, in a move it hopes will help accelerate UK growth and expansion in the US.
Generis Underwriting secures new capacity with Sompo
Generis has reached an agreement with Sompo meaning it can expand its appetite and offer increased limits for its professions professional indemnity and the technology sector specialisms.
Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris
Aviva has reiterated its commitment to brokered personal lines business, although it is not opposed to a bit of ‘tough’ love to maintain a consistent approach to the market.
Are Northern Ireland brokers feeling the personal lines capacity squeeze more than most?
With prices rising faster in personal motor and household than other parts of the UK, brokers in Northern Ireland have good reason to be worried about remaining competitive. Siân Barton gets to the root of the issue and explores what is being done to…
Casper adds Chaucer and TMK as capacity backers
Casualty-focused managing general agent Casper Specialty UK has secured capacity from Chaucer and TMK as it enters its second year of trading.
Meet the MGA: Aurora
Jan-Vincent Finn, co-founder and CEO of Aurora, explains how the MGA, named after the Northern Lights, plans to become the one-stop shop of all SME commercial lines using algorithmic insights.
Wakam receives PRA approval for new £500m GWP UK insurer
French insurance group Wakam has told brokers thinking of setting up their own managing general agents to consider it as a capacity partner after receiving regulatory approval for a new UK subsidiary.
Zurich strikes five-year capacity deal with MGA Freedom Services
Zurich has signed a five-year capacity deal with MGA Freedom Services that will see both re-enter the telematics market, Insurance Age can reveal.
Pen inks £150m social housing capacity deal with SiriusPoint
Pen Underwriting has announced a new long-term capacity deal with SiriusPoint.
US fronter Hadron set to onboard first UK MGA in Q2
Altamont-backed hybrid insurer Hadron is aiming to change the reputation of fronters to businesses that priortise sensible and measured underwriting rather than just scale.