Commercial Lines related articles – Page 8
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NewsUS insurance platform launches new underwriting arm to expand UK and Europe services
’Our extraordinary leadership team combines strong technical knowledge and deep distribution expertise to deliver outstanding product agility,’ says chief executive
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NewsNearly 60% of carriers set to increase MGA capacity in next two years – Clyde and Co
’This year’s report reflects a sector that remains dynamic and forward-looking, even as it faces mounting pressure from both economic volatility and regulatory scrutiny,’ says partner
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News AnalysisScheme brokers see double digit year-on-year commission growth – but momentum slows
Commission growth may be up year-on-year for major scheme classes, but this momentum has slowed and even reversed for some lines
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NewsConstruction sector is biggest borrower for funding premium payments – Premium Credit
’Credit plays a major role in funding vital insurance premiums across a wide range of sectors, as demonstrated by the ongoing growth in loans we have seen,’ says commercial officer
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NewsCommercial MGA announces senior hire as it launches in Scotland
’Our £50m capacity on a five-year rolling basis allows us to be ambitious in our growth strategy,’ says chief executive
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NewsAviva GCS merges teams to form new real estate and construction practice
’Aviva GCS has united its real estate, construction and latent defects teams under one aligned strategy,’ says underwriting director
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NewsIS2 expands partnership with Markel
’Our partnership with IS2 has been instrumental in transforming the way we serve our customers,’ says director
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NewsMGA extends eTrade limit for landlords cover
’I’m delighted that we can help brokers with larger properties and portfolios that generally would not fit eTrade,’ says chief executive
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NewsMGA adds landlords product to Acturis after Applied withdraws Epic from UK
’We’re excited to add our let property product to the Acturis platform, as we continue to expand product offering and increase our broker distribution,’ says head
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NewsMGA secures new liability capacity for motorsport, leisure and groundworkers lines
’Each of these three sectors requires dedicated expertise and we’re proud to be offering brokers targeted products and specialist underwriting,’ says underwriting director
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NewsAviva enhances self-serve capability with new tool to improve broker responsiveness
’We want to be visible, responsive and deliver flawlessly for brokers,’ says director
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News AnalysisHigh hopes: Can insurance keep pace with the THC drinks boom?
With THC infused beverages growing in popularity in the US, Insurance Times explores the evolving risks, regulatory hurdles and insurance gaps in this budding sector
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NewsKonsileo makes US operating partner a non-executive director as it eyes international opportunities
’It’s rare to find a real insurance operator who is also a heavy-hitting US investor – and a really nice guy to boot,’ says broker chief executive
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NewsRSA appoints new commercial lines leader as Bryson steps down
UK and international chief executive is confident that the newly promoted appointee ‘will build on the momentum we have to drive our transformation [into] the UK’s best commercial lines insurer’
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NewsVerlingue London Markets plans to enter professional lines market in 2025
Broker’s executive director says this move marks ‘the next step for us to complete the jigsaw’ of its current wholesale offering
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News AnalysisBriefing: Is now the right opportunity to address underinsurance?
Brokers must make time to advise, influence and protect clients from underinsurance as softening market creates ideal moment in time to take advantage of competitive pricing
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NewsUK trade credit insurance market stable amid economic uncertainty – Marsh
However, market participants will be keeping a close eye on capacity for this line of business because ’as credit limits increase, the cost of goods increase and that can create capacity issues’
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NewsOptio Group launches $150m PVT product with Lloyd’s backing
‘We’re excited to bring this enhanced solution to the market and continue strengthening our specialty capabilities with our partners,’ says leader
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IT InterviewJo Sykes: Markel UK devises five pillar plan to become ‘more relevant’ for brokers
Among the insurer’s key focuses for the next five years is developing further schemes propositions, building out its eTrading strategy and improving its regional distribution network
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News AnalysisSoftening market sees commercial premiums drop in all but one UK region
‘For brokers, a softening market entails an increased focus on rebroking to secure the best terms and a close examination of policy wordings to advise if cheaper [cover] fits the needs of clients,’ says director
