Commercial Lines
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News
New property facility aims to combat commercial underinsurance crisis
‘Our proposition has been designed in collaboration with global insurers, existing clients and trusted professional advisers to the real estate sector,’ says managing director
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News
Close Brothers to exit some broker relationships in retreat from personal lines
’While personal lines has played an important role in our retail offering for many decades, the market environment has changed,’ says provider
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News
Willis launches new $200m facility to tackle geopolitical uncertainty for cargo owners
‘This innovative solution is the first that offers a clear, comprehensive approach to cover, offering the maximum certainty exactly when it’s needed and when the worst happens,’ says chief executive
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News
US 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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News
Nearly 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 Analysis
Scheme 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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News
Construction 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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News
Commercial 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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News
Aviva 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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News
IS2 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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News
MGA 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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News
MGA 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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News
MGA 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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News
Aviva 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 Analysis
High 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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News
Konsileo 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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News
RSA 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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News
Verlingue 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 Analysis
Briefing: 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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News
UK 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’