Managing general agents (MGAs)
UK General in advanced sales talks
Exclusive: UK General Insurance is in “advanced” sale “negotiations”, Post can reveal, with market sources tipping Primary Group as poised to buy the firm back.
Manchester and Williams call on MGAs to sign up to chartered status
Managing general agents have been called on to apply for the Chartered Insurance Institute's chartered title, which launched yesterday.
Ardonagh adds agricultural specialist Rural to MGA suite
Ardonagh has acquired agricultural specialist Rural Insurance Group from Primary Group for an undisclosed sum.
Insurance Monitor: Brexit: finding corridors of deviation
In this month's column, David Worsfold, a long-running commentator on the insurance market, explores how the insurance industry could find itself rather lonely in its corridors of deviation after Brexit is finalised, the complexities of Covid-19 for the…
Pen Underwriting’s Tom Downey on the market-hardening challenges and opportunities for MGAs
What a difference five years makes. Back in early 2015, we had a nation blissfully ignorant of the division, disruption and economic uncertainty that would follow the 2016 referendum result, writes Tom Downey, chief underwriting officer at Pen…
Analysis: Reinsurance hikes add to motor pricing pressure
The UK motor market had the unwanted title of the biggest riser in the annual global reinsurance renewal season this January, adding another reason for intense scrutiny on insurance pricing in the loss-making sector
Analysis: Rise of the clones
Insurance clone warnings doubled last year, as fraudsters got creative in their attempts to scam the public. Post investigates the rise of the clones and asks why it is so tough to police these fraudulent firms
Complete Cover sold to Pizza Express and Punch Taverns investor Sun Capital Partners
Exclusive: Non-standard motor insurance specialist Complete Cover has been acquired by former Pizza Express and Punch Taverns investor Sun Capital Partners after a 12 month sales process that has seen previous backer Darwin Private Equity exit the…
Q&A: Churchill founder and former chairman and CEO Martin Long
To tie in with his deep dive into the birth of the UK direct insurance market, Jonathan Swift caught up with Direct Line co-founder and Churchill founder and former chairman and CEO Martin Long to talk about the birth and growth of both companies, their…
Pukka hits pause on business
Exclusive: Motor managing general agent Pukka has temporarily suspended trading, having reached its capacity limit with providers.
Former Iprism holding company moves towards liquidation with small payout
Unsecured creditors of Spectrum Bidco are in line to get a £216,112 payout as the former holding company of Iprism Underwriting Agency moves from administration into creditors’ voluntary liquidation.
Optio buys Newbridge Risk Partners
Managing general agent Optio has bought specialist political-violence and terrorism MGA Newbridge Risk Partners for an undisclosed sum.
Roundtable: What’s next for the modernisation of Lloyd’s and the London market?
Against a background of the winding down of the Target Operating Model and the publication of the Future of Lloyd’s Blueprint, Post, in conjuction with WNS, invited industry experts to discuss the six suggested proposals to modernise the market. Post…
This Week: Getting stuff done
Helios has (almost) done his work and got the week done. Probably because he has an oven ready plan. To leave the working week and enter the weekend.
Pukka no longer writing new business with Gefion
Pukka Insure stopped writing new business with Gefion in July, replacing it with two A-rated carriers.
Victor set to launch Lloyd's syndicate with Asta
Victor Insurance is set to establish a syndicate at Lloyd’s and will commence underwriting with a capacity of £57m on 1 January 2020.
MGA Mole: Why is client 'confidentiality' a dirty word?
Post has enlisted a managing general agent industry mole to lift the lid on what the sector is really like. In the first of this new series, our anonymous commentator asks why the industry isn't more careful with customers' information and warns that -…
Insurers warned to take action to reduce exposure to cyber risk
The insurance sector must take action to reduce exposure to cyber risk and ensure it is future-proofed, according to research.
Blog: Are MGAs a desirable route to market for insurtechs?
There is so much talk about collaboration between insurtechs and insurers or managing general agents, but John Price, chief operating officer at Scheme Serve, asks is this collaboration out of design or necessity and are managing general agents a good…
Markerstudy restructures loan with QIC
Markerstudy has restructured its £240m plus loan with Qatar Insurance Company in a move the company said was a long-term solution “providing security to customers and suppliers”.
Creditors approve liquidation process for ex-Iprism holding company
The creditors of Spectrum Bidco, a former holding company of Iprism Underwriting Agency, have approved its administrator’s proposals which will lead to the liquidation of the company.
Ex-Aviva director Russell launches 'Fit Bit for business' insurtech Brisk
An insurtech fronted by a former Aviva director is in negotiation with a trio of major insurers about adopting its solution, which co-founder and CEO James Russell describes as “Fit Bit for business”.
HW Kaufman buys Barbican Protect as it continues UK expansion
US-based HW Kaufman Group has acquired Barbican Protect as part of its continued expansion into the UK market.
Claims MGA launches with former Axa boss Mike Keating
Ex-Axa and One Commercial leader Mike Keating is heading up managing general agent Qlaims Insurance as it launches with a claims advocacy service for commercial insurance brokers.