Managing general agents (MGAs)
MGAA recognition leads to FSA fees instalment deal
Full members of the Managing General Agents’ Association can now pay their FSA fees by instalments at a discounted rate.
Market moves: Brokers pick up the pace
Following a quiet fortnight, major players in the broking sector have actively been recruiting this week.
In series - Lloyd's & London market: Power to the people
With employees rightly recognised as crucial to company success, Lloyd’s and London market players are gearing up their efforts to attract and retain top talent.
Market moves: Getting ready for the fourth quarter
Lloyd’s players were the most active recruiters this week as the insurance industry looks forward to the fourth quarter. A number of underwriters in the London Market made appointments, with a view to strengthening their teams. Moves among insurers…
MGAA launch: Changing perceptions
Delayed since 2010, the Managing General Agents Association launched this month, with a brief to ensure the insurance industry and regulators understand exactly what role MGAs perform.
Tawa, Skuld and Paraline combine forces to acquire Whittington UK
A consortium comprised of Tawa, Skuld, and Paraline Group have confirmed a definitive agreement to acquire Whittington Insurance Markets.
MGA data requests rise as Solvency II bites
Managing general agents will have to provide insurers with more detailed data to drive down the costs of implementing Solvency II, according to an underwriting and claims director at Towergate.
MoJ to split referral ban enforcement role - Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including confirmation from the Ministry of Justice that the government’s proposed ban on referral fees is unlikely to be centrally administered, and instead enforced by…
Dual confirms Flatman departure
Dual Corporate Risks has confirmed the departure of Neil Flatman, just seven months after he was appointed international property business manager at the firm.
Dual names new senior underwriter
Underwriting agency Dual Corporate Risks has appointed Paul Russell as director and senior underwriter of its financial institutions division.
MMA appoints Solvency II chief
MMA Insurance has appointed Anthony Collins as head of actuarial focusing on the firm's preparations for Solvency II.
MGAA to challenge FSA "pleasant" but indifferent view
The chairman of the Managing General Agents’ Association has said the Financial Services Authority seemed indifferent to the new trade body.
MGAA officially launches with agents representing £1.25bn GWP
The Managing General Agents’ Association, a non-profit making organisation founded to represent UK Managing General Agents’, officially launched on the 1 September with an initial 40 full members underwriting approximately £1.25bn of GWP.
9/11 Contract certainty: The first steps taken
A rush of legal cases always followed a catastrophic loss before contract certainty was introduced. The attacks on 11 September 2001 thrust the issue into the spotlight but were other factors at play?
Disaster recovery - SME: Dealing with disaster
SMEs would flounder in the face of a disaster, with a large proportion going out of business completely. Edward Murray asks why, therefore, it remains so hard to get them to engage with disaster recovery planning.
G Cube increases wind and solar capacity
Renewable energy insurance specialist G Cube has increased its underwriting capacity for wind and solar projects to $680m (£411.3m).
Irish Wrightway puts renewals on EDI
Irish underwriting agency Wrightway is converting all of its manual motor policies to full cycle EDI on Open GI removing the need for paper transactions on renewals.
Ireland's Wrightway puts renewals on EDI
Ireland’s largest underwriting agency Wrightway is converting all of its manual motor policies to full cycle EDI on Open GI, removing the need for paper transactions on renewals.
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
Interview - Keith Stern: Raising the regional profile of Lloyd's
Tasked with rejuvenating Lloyd’s in the UK, as others look to international expansion, Keith Stern talks to Leigh Jackson about raising its regional profile and how he plans to overcome some common misconceptions.
Thistle aims high despite 2011 losses
JLT chief executive Dominic Burke claims full year trading profits at its underwriting agency Thistle Insurance will eclipse last year's £4.8m, despite making a £246 000 loss so far in 2011.
MGAA to launch in September
The Managing General Agents’ Association has confirmed that it is to officially launch on 1 September.
JLT transformation programme exceeds expectations as profits and revenues rise
JLT has recorded a 9% leap in total revenue for the first six months of 2011 to 411.3 (H1 2010: £377.8m) and 8% rise in underlying trading profit for the same period at £76.1m (H1 2010 £70.7m).
Irish underwriter targets UK market
The managing director of an independently owned Irish underwriting agency has set his sights on the UK after signing a deal with Axa Ireland to launch a new motor product for its local market.