capacity
UK property MGA to launch in January 2024
Real estate managing general agent Ventis is set to launch in January with capacity from Accelerant and the support of Mission Underwriters.
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Meet the MGA: Onda
Launched into the UK in October, chief underwriting officer Alex Jomaa explains why managing general agent Onda is on a mission to simplify and demystify cyber insurance for both brokers and customers alike.
Markel’s State National to bring capacity to UK MGAs in 2024
Markel Group’s State National Companies will be entering the UK on 1 January 2024 with capacity for managing general agents, focusing on specialty commercial lines in a move designed to support an “underserved” market.
MGA Moveda goes live to broker market
Moveda Underwriting, a managing general agent set up by the Movo Partnership in May, has gone live to the independent broking sector with capacity from AmTrust and Irwell.
The stats: Q3 hit by rocketing property owners and fleet rates
The latest figures from Acturis show that commercial insurance premiums continue to rise, resulting in an increasingly challenging environment for brokers and their clients, reports Rachel Gordon.
Rokstone launches sports and prize indemnity division with Allianz capacity
Rokstone has launched a sports and prize indemnity division with an exclusive facility from Allianz Commercial.
Markerstudy prioritising certain business lines but denies capacity squeeze
Markerstudy has admitted prioritising certain business lines over others in the present hard market, as it denied experiencing a “capacity squeeze”.
Opinion: How SME brokers can seize the opportunity of the regulators’ post-Brexit regime
The post-Brexit insurance regime has flushed out the unstable offshore insurers that once passported into the UK through Europe. Some of the hard-to-place risks will have less options, so brokers must now step up and show their worth.
Commercial combined rate rises slow down in Q3, according to Acturis
After almost two complete years where each quarter saw a positive movement of at least 5.0%, growth in average commercial combined premiums dropped to 4.0% in the third quarter of 2023, according to the latest Acturis Commercial Lines Index.
What can MGAs learn from the latest turbulence among capacity providers?
The problems at Accredited and Vesttoo highlight the need for managing general agencies to have good risk management in place on their capacity arrangements.
Telematic providers becoming less competitive as capacity drops
A new report has found telematic insurance providers are becoming less competitive, accounting for just 17% of the top five motor quotes between May and August 2023. This compares with 21% the previous quarter, which particularly effects young drivers.
Interview: CEO Phil Barton on why Partners& is an “antidote to the worst practices in the market”
Having posited the notion that it was an ‘anti-consolidator’ on launch in 2020, Partners& CEO Phil Barton puts forward the case to Jonathan Swift that it has lived up to its lofty ambition.
Accelerant’s UK arm awarded ‘excellent’ ratings
Accelerant Insurance UK Limited has been given top tier ratings from credit issuing agency AM Best.
Meet the MGA: Jensten Underwriting
Just over one year into its existence, Simon Taylor, wholesale managing director, explains why working under one brand, and pulling together in one direction, is so important to getting the best out of Jensten Underwriting.
Resilience ups cyber limits with RSA/Accredited capacity deal
Cyber insurance provider Resilience has expanded its underwriting capacity limits to £10m for insureds in the UK and European Union.
Could regulators stymie the growth of the fronter market in the UK?
The failure of Vesttoo in the US has only increased scrutiny on fronters in the UK. But as Saxon East discovers the emergence of Bridgehaven and continued growth of the MGAs, mean that they still have a potentially bright future.
Moody’s stays negative on outlook for UK insurance
Ratings agency Moody’s has kept its negative outlook on the prospect for UK property and casualty insurance warning of higher reinsurance costs and pressure on personal lines margins as price growth lags inflationary cost increases.
Brokers confident in commercial motor growth but have capacity concerns: survey
A survey has revealed that 83% of brokers do not believe there are enough specialists or insurers offering capacity for the haulage, waste disposal and courier markets.
Brokers “front and centre” for Hiscox, says Dye on one-year anniversary
Celebrating his first year as UK CEO of Hiscox, Jon Dye tells Insurance Age about the central role of brokers in the insurer’s growth strategy across its new operating model in high net worth, beefed up regional structure and schemes ambitions.
MGAs urged to check on capacity partnerships amid Vesttoo fraud scandal
Managing general agents and carriers are being urged to carry out 'robust and periodic due diligence' following the Vesttoo insurtech scandal.
R&Q in ‘advanced’ talks for sale of Policy Expert capacity backer Accredited
R&Q Insurance Holdings has admitted that it is in advanced discussions with Canadian investment business Onex for the sale of its fronting business Accredited.
Profile – Stephanie Ogden, HDI Global: Making a difference
Having progressed from a graduate trainee in Guildford to Allianz branch manager in Scotland, and via Lloyd’s in London to UK & Ireland managing director for HDI Global, Stephanie Ogden is ready to take brokers on the next step of the German-owned…
Acrisure adds Modus to MGA portfolio
Acrisure has bought Modus Underwriting, its first MGA acquisition of the year.