Managing general agents (MGAs)
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.
Blog: Reimagining insurance by learning from API innovation in other financial services
Application programming interfaces are now key to unlocking new sources of value for financial institutions. So much so, Cytora CEO Richard Hartley argues even the most traditional firms can digitally transform if they get the right data infrastructure…
How to take advantage of digital innovation as an MGA
At a time when managing general agents are performing strongly, working hard to stay profitable and maintain growth, the question of how to make best use of the latest tools is more important than ever
Analysis: Managing general agents - Gaining momentum or overheating?
Within insurance, it’s managing general agents seeing all the deals, attracting the money and the talent. The potential for big profits and lower costs drives the sector forward, but will the sector gather yet more momentum or will it overheat?
Blog: Are MGAs best placed to build the future of underwriting?
Unencumbered by legacy technology, managing general agents are well placed to invent a better future for insurance. Cytora CEO Richard Hartley on why the likes of C-Quence and Convex are creating a radically different type of insurance company.
Blog: Indemnities in real estate - where do the opportunities lie for brokers?
For many years, indemnities have aided real estate development projects and transactions writes Michael Grimwood, business development manager at CLS Risk Solutions. It has traditionally been placed within the London market due to the complex nature of…
Iprism group restructures with holding co pre-pack administration
Bowmark Capital-backed Iprism Underwriting Agency has completed a group restructuring including a pre-pack administration of its holding company for £329,300, writing off tens of millions of debt.
Interview: David Walsh, CFC Underwriting
A child of the dot-com boom, CFC Underwriting has now left its teenage years behind as it enters its twentieth year as one of the pre-eminent specialist managing general agents in the London market. CEO David Walsh spoke to Jonathan Swift about the …
MGA CFC mulls entering personal lines with cyber for HNW individuals
CFC is exploring the possibility of entering the personal cyber market.
Land developers face heightened contract cancellation risk, following court judgement
Land developers face an increased risk of public contract award cancellations, following a court judgement last year that struck down a contract between a developer and West Berkshire council.
Arch-backed MGA Archipelago aims to address PL underinsurance with data driven fair pricing
Arch Insurance-backed managing general agent start-up Archipelago Risk Insurance has announced that after a six month “pilot” it is ready to open the doors in a “controlled way”.
Profit up at Arron Banks’ Eldon as losses deepen at insurer Southern Rock
Arron Banks-owned Eldon Insurance saw profit more than double in 2018, but losses at his insurer Southern Rock increased.
Blog: Lloyd's Delegated Authority Management Survey – how is the sector performing?
Mazars recently published its sixth Lloyd's Delegated Authority Management Survey designed to monitor development and changes in the specialised area of the Lloyd’s insurance market. Michael Campbell, director of delegated authority reviews at Mazars,…