Managing general agents (MGAs)
IT experts target six MGAs with new ‘shrink wrapped’ underwriting service
Insurance IT specialist Salmon has launched a new end-to-end underwriting service for managing general agent start-ups in a bid to make writing risk less “labour intensive”.
Aon boss sponsored by Nexus to ride in notoriously dangerous bike event
Aon associate director John Coleman is revving himself up ahead of the Manx Grand Prix this weekend, after bosses at Nexus Underwriting Management agreed to sponsor him to take part.
Brit lead underwriter heads to Dual with speciality liability team
Departing lead underwriter John Murphy has thanked his former employers at Brit Global Specialty after revealing his decision to join Dual, taking his entire underwriting team with him.
APC launches professional indemnity offering
Commercial insurance underwriting agency APC has moved into the professional indemnity market, launching its first product to protect mortgage and finance intermediaries.
Market moves: MGAs the main movers as three firms make new hires
While the Managing General Agents Association made the trade press this week, MGAs followed suit with several new hires at Pioneer Underwriting, Asta and Sagicor at Lloyd's.
FSCS levy proposals could see MGAs facing the same liability as brokers
Managing general agents face being liable to bail out failed independent financial advisers or mortgage intermediaries that exceed the upper threshold of the Financial Services Compensation Scheme levy under new proposals.
JLT buoyed by growth in Asia and Latin America as revenue jumps 7% to £441.7m
International broker Jardine Lloyd Thompson Group this morning reported total revenue was up 7% to £441.7m in the first six months of 2012 and an 11% rise in profit before tax to £85.1m. Underlying PBT increased 12% to £89.4m.
JLT profit grows 11% as UK economy woes stall Thistle growth
Revenue at Jardine Lloyd Thompson Group grew 7% in the first six months of 2012 to £441.7m, including a 6.3% increase in revenue generated from organic growth, compared with the same period in 2011.
MGAs WLTM insurers at 'speed dating' capacity exchange
The Managing General Agents' Association is hosting a capacity exchange event at the Lloyd's building to help members secure insurer support to expand and introduce new products.
Randall & Quilter opens Manchester MGA office
The company's specialist MGA platform has opened its first UK regional office, in Manchester.
UK MGA Association celebrates as RSA joins
Global insurer RSA has become the latest member of the Managing General Agents' Association, a non-profit organisation that represents UK MGAs.
RSA and Aviva join the MGAA
RSA and Aviva have become the latest members to sign up to the Managing General Agents' Association.
Arthur J Gallagher buys MGA Contego Underwriting
Arthur J Gallagher has acquired managing general agent Contego Underwriting for an undisclosed sum.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
Tempo directors eye capacity providers and team hires following launch
The directors behind the launch of multi-line MGA – Tempo Underwriting – are hoping to forge a strong relationship with the broking fraternity after outlining their criteria for imminent team hires.
New £30m funding boost for RK Harrison
Independent insurance broker RK Harrison has secured a £30m refinancing deal with Clydesdale Bank and RBS.
BMS appointment signals US MGA growth plan
BMS Group has appointed delegated authority underwriter Gene Hinman to establish a US managing general agent platform.
MGAs need to focus on EL and PL changes, BLM urges
Managing general agents have been urged to consider the implications of changes in costs regimes and processes for handling employers' liability and public liability claims, due to be implemented in 2013.
Thistle Insurance manager Comerford joins MGAA as general manager
The Managing General Agents Association has appointed Thistle Insurance boss Jane Comerford as general manager.
CFC boss targets UK focus and management liability push
CFC Underwriting will look to "break out of its comfort zone" and concentrate on becoming a full service provider with a renewed focus on bolstering its management liability offering.
Managing general agents: A surge in popularity
Managing general agents are certainly on trend and increasing their interaction with insurers but, with some companies still suspicious of their value, will their popularity last?
Editor's comment: Network connections
With rumours buzzing round the market about the nature of the fall out between Aviva and Broker Network, there have been inevitable suggestions of a sign that insurers are giving further thought to the value derived from some networks.
MGA Dual expands with new Austrian office
Dual Group, the underwriting arm of Hyperion Insurance Group, has announced that Dual Austria will open its doors in Vienna on 1 July fronted by liability specialist Hannes Puchner.
Dual opens Austria office
Dual, the underwriting arm of Hyperion Insurance Group, will open Dual Austria in Vienna on 1 July and liability specialist Hannes Puchner will head up the operation.