Marine
Interview: SiriusPoint’s Rob Gibbs and Alex Hardy
Regional brokers’ interest in SiriusPoint has been piqued by a slew of appointments, most notably involving ex-RSA leaders, and a high profile MGA deal. Emmanuel Kenning finds out what the insurer has to offer and what is coming next.
Pen takes box at Lloyd’s
Pen Underwriting has taken a box at Lloyd’s, which will be staffed initially with a marine team ahead of diversifying into complementary products and other lines.
SiriusPoint takes Alex Hardy from RSA
SiriusPoint has swooped for RSA’s sales and distribution director Alex Hardy.
MGA Fiducia launches marine equipment product
Specialty managing general agent Fiducia is targeting both the ‘green’ and traditional energy markets with a new marine equipment underwriting facility.
Swiss insurance group gets green light to open UK branch
Helvetia Global Solutions has received confirmation from UK regulators that its authorisation to underwrite non-life insurance business in the UK has been approved and comes into effect on 1 November 2023.
Ripe Thinking notches up first buy with boat insurance specialist
Insurtech broker Ripe has completed its first acquisition by snapping up specialist boat insurance provider, Craftinsure.
Aston Lark buys Curtis Marine
Howden-owned Aston Lark has bought Plymouth-based marine insurance broker, Curtis Marine.
Swindle targets doubling Ardonagh UK commercial MGA in three years
Ardonagh’s UK Commercial MGA CEO Jaime Swindle is targeting doubling the size of the business in the next three years taking it into the region of £500m gross written premium.
MGA bolsters team following resignations amid Ardonagh staff interest
Managing general agent Mercia Underwriting says it has bolstered the team after a number of staff resigned from positions.
Loadsure targets 'middle market' with two new cargo launches
Insurtech MGA Loadsure has unveiled two launches it describes as "dynamic ocean cargo insurance" and "an industry-first digital ocean cargo and stock throughput" product called Danube and Huron, respectively.
Meet the MGA: NBS Underwriting
NBS has doubled the number of agents it works with over the past 12 months. CEO Stan Kaznowski explains how both making ‘brokers’ lives easy’ and getting ahead of the curve with data have been key to the company’s success.
RSA launches new comprehensive product to cover superyachts
RSA has launched a new practice to cover superyachts, and appoints Emily Grew will join as senior yacht underwriter.
Meet the MGA: Loadsure
After two decades in the London market Johnny McCord decided the time was right to set up his own business. The Loadsure CEO and founder explains how a light bulb moment led him reinventing cargo insurance as a ‘true’ insurtech.
Pen Underwriting CEO eyes more M&A to get closer to £1bn GWP target
Pen Underwriting CEO Tom Downey claims the business is on track to hit its £1bn GWP target within three years - and that it will reach it by both diversifying and building on what it has already got.
Pen adds £90m of GWP with marine MGA buy
Pen Underwriting has bought Tay River Holdings and its wholly owned marine specialist subsidiaries Vessel Protect, Trafalgar Marine Trades and BMM Ports & Terminals for an undisclosed sum.
Towergate targets £1.5bn after breaking through £1bn GWP barrier
Towergate achieved more than £1bn of gross written premium in 2022 for the first time ever and has set its sights on £1.5bn in just a few years, chief executive Richard Tuplin has revealed to Insurance Age.
Hiscox posts UK commercial growth for 2022
Hiscox has reported $778m (£657.8m) of gross written premium in the UK for 2022, as the wider group delivered its best underwriting performance since 2015.
McClarrons adds marine specialist Soak Insure as AR
North Yorkshire-based McClarrons Insurance Brokers has expanded into the marine market, taking on specialist Soak Insure as an appointed representative.
People Moves: 30 January – 3 February 2023
Stay up to date with the latest recruitment news in the insurance industry.
Video Q&A: NMU’s Guy Smith on being voted best commercial insurer by brokers
In this video, head of marine and specialty at NMU Guy Smith speaks to Insurance Age content director Jonathan Swift about its success in the annual Insurance Age Broker Satisfaction Survey.
Aston Lark acquires N&G direct marine trade book
Aston Lark has bought Navigators and General's commercial direct marine trade book.
Meet the MGA: Specialty MGA
With a USP of providing brokers and their clients with "immediate and predictable answers," Specialty MGA UK’s chief underwriting officer Philippe Bara outlines his plans for the new business.
NFP acquires one of the largest brokers in Staffordshire
NFP has acquired Bentley Insurance Services, its fifth broker acquisition in two years.
Ardonagh Specialty to buy Oxford Insurance Group
Ardonagh Specialty has signed up to acquire Lloyd’s broker Oxford Insurance Group.