Managing general agents (MGAs)
Big Interview: Rob Gibbs and Alex Hardy, SiriusPoint
Rob Gibbs, CEO and Alex Hardy, head of sales and distribution at SiriusPoint International, sit down with Harry Curtis to discuss how the insurer and reinsurer is looking to diversify and forge enduring partnerships with MGAs.
MGAA’s Keating on avoiding a ‘boom and bust’ cycle
Trade Voice: Mike Keating, CEO of the Managing General Agents’ Association, says MGAs must maintain underwriting disciple if they want to hold onto the hard-won strides of recent years.
Arc Legal appoints Lee Taylor as CEO
Lee Taylor has been named as the successor to Arc Legal CEO and founder Frank O’Malley, joining the managing general agent from Allianz Partners.
Why overseas capacity has become a concern for MGAs
Will Reddie and Bob Haken, partners at law firm HFW, explore the growing concern among managing general agents operating in the UK without capacity, which would put them in breach of regulations and runs the risk of criminal sanctions for both the…
PRA to reduce oversight of Lloyd’s managing agents
The Prudential Regulatory Authority has said that Lloyd’s managing agents will face a “lower level of supervisory interaction”, as the regulator moves to deliver on its competitiveness and growth objective.
Insurance sector ready to shake off ‘elitist’ tag over fraud data-sharing
The insurance industry could be less elitist around data and intelligence sharing to help combat fraud, according to leading market practitioners.
Ripe’s new CEO outlines plan for ‘next phase’ of growth
Two weeks after it was announced he would be taking over from Paul Williams as CEO of Ripe, Alan Thomas shares his plans to power the “next phase” of growth for the business.
Private equity firm buys 50% of Policy Expert
Policy Expert bosses have claimed the home and motor insurance provider is “positioned for growth” as private equity firm Cinven has bought a 50% stake in the business from the Abu Dhabi Investment Authority.
Diary of an Insurance PR: Full Circle’s Kirsty Plank
Kirsty Plank, director of Full Circle Communications, shows her appreciation of Dolly Parton’s lyrical genius, gets a boost from Pepsi Max as she compiles social media engagement reports and turn journalist when she interviews Insurance Post’s content…
Diary of an Insurance PR: Spotlight Consulting's SJ Wrigley
SJ Wrigley, founder and director of Spotlight Consulting, talks about her strategic approach, the importance of female mentorship, singing, and wild swimming.
Understanding the dangers of working at height
Stuart Dickinson, senior underwriter at Square Pegs, examines why working at height injuries and associated medical costs are increasing in the UK and why greater heights do not mean more claims.
Fronting insurers and traditional carriers vie for MGAs’ favour
Managing general agents may be able to reap more of the reward of their underwriting activity by partnering with fronting insurers rather than traditional carriers, Bridgehaven CEO Paul Jewell has said.
MGAA’s Keating says insurers must hold their nerve on rates
Trade Voice: History tells us that a sensible, hard market is often followed by a more unruly soft market. Mike Keating, CEO of the Managing General Agents’ Association, urges insurers to not sacrifice technical underwriting on the altar of new business.
FCA issues warning as it continues to identify ‘low value’ products
The Financial Conduct Authority has identified further “low value” insurance products, the regulator’s head of market interventions for insurance has said.
MGAs must ‘hold capacity providers to account’ over service
A panel at the Managing General Agents’ Association conference earlier this week has urged MGAs to hold their capacity providers to account, as members emphasised the importance of “diversified capacity”.
Aurora pushes automation envelope with commercial combined launch
Aurora has said that its data-driven algorithmic model has enabled it to launch its commercial combined offering with maximum limits well beyond the industry standard for digitally traded business.
British Insurance Awards 2024 winners revealed
Aviva was among the big winners with four outright prizes at last night’s (3 July) British Insurance Awards, on an evening where former British Insurance Brokers’ Association CEO Steve White was recognised with The Achievement Award.
Evolving the insurance claims supply chain
The post-Covid world has thrown a wrench into the well-oiled machines of insurance claims. A persistent lack of resources – from car parts to building supplies – is causing delays and frustrations for both insurers and policyholders. In this environment,…
Acrisure UK MGA targets trebling of GWP
Acrisure’s UK managing general agent operation has set its sights on more than trebling its gross written premiums within three years, following a relaunch of the business last year.
Wakam looking to exploit ‘unlimited UK potential’ following regulator approval
French B2B2C insurer Wakam has received approval by the Financial Conduct Authority and Prudential Regulation Authority to launch a UK subsidiary.
Hughub CEO and former SSP director Jonathan Davey retires
CEO of Hughub and former SSP director Jonathan Davey has retired after a 36-year career.