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MGAs boost productivity as profits and growth come under pressure
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Financial / Results
News
UK insurance market remains ‘unchanged and buyer-friendly’ for 2025 – Aon
’It is a highly competitive environment and insurers are looking to try and differentiate themselves with the cover they offer,’ says broking director
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
News
UK MGA celebrates 17th year of double-digit growth
‘We are in an excellent position to continue scaling,’ says chief financial officer
News
Finance and insurance sector sees £10m boost in government investment
‘If you miss out on securing external funding, you could risk losing your competitive edge,’ says expert
News
Policy Expert's profit before tax grows by over 500% in latest results
‘The combination of strong performance and customer satisfaction puts us in a fantastic position to realise our goal of doubling the size of the business within the next three to five years,’ says chief executive
News
Cost of M&S and Co-op cyber attacks up to £440m – CMC
Lost sales, supplier disruption, legal and IT costs all contributed to the figure
News
Global investors still back the City – UK leads Europe in financial services investment
‘The strength and depth of the UK’s financial services sector continues to capture global investor confidence – particularly as they navigate challenging market conditions,’ says managing partner
News
Insurers should consider Bitcoin’s role in investment portfolios – Cartwright
’Although Bitcoin may still feel unconventional to some, its characteristics as a finite, decentralised, high liquid asset with low correlation to traditional markets make it increasingly difficult to disregard,’ says head of corporate treasury
News
Biba 2025: Sompo aims to double underwriting headcount in regional presence push
’We’re here for the long term and we’re here to grow – and we’re here to make a difference,’ says head
News
MGA secures long-term capacity from Axa for property scheme
’Securing capacity from Axa is a significant endorsement of the strength of our proposition,’ says managing director
News
Axa UK expands personal lines presence as new partnership launched
’This is just the beginning and I look forward to exploring the opportunities this partnership will bring,’ says chief executive
News
Allianz to underwrite motor LEI products for new partner
‘We believe the Allianz passion for good customer service reflects our own ethos and look forward to progressing our partnership,’ says managing director
News
Beazley grows IWP by 2% in Q1 2025
’Markets softened in the first three months of the year and we maintained our focus on strong underwriting discipline whilst navigating those conditions,’ says chief executive
News
Broker established in 1887 transitions to employee ownership trust
’Becoming an EOT allows us to preserve our independence while ensuring our dedicated colleagues have a direct stake in future success,’ says managing director
News
Cost of extreme weather and natural disasters around £1.55tn in last decade
‘Addressing the escalating costs of extreme weather and natural catastrophes requires collective and immediate action,’ says chief executive
News
UKGI industry to reach £113bn by 2029, forecast says
’The sector anticipates steady growth but must adapt to emerging risks and consumer demands,’ says senior analyst
News
Global commercial insurance rates fall for third consecutive quarter – Marsh
‘We expect the overall trend to continue and for insurer competition to intensify, barring unforeseen changes in conditions,’ says global placement president
News
Insurance premium tax windfall sets record high for Treasury
‘The full-year IPT receipts to March 2025 indicate another significant increase for the chancellor,’ says senior actuarial director
News Analysis
Briefing: Is Lloyd’s ‘undervalued’ as an investment opportunity?
Research indicates that investment capital could be well homed within Lloyd’s and the London market – could syndicates snap up M&A spend?
News
FY 2024 financials prove Covéa ‘made the right decision’ with strategy focuses – Georges de Macedo
Although chief executive ‘will not say that our profit is exceptional in absolute terms’ for last year, the insurer’s journey into profitability demonstrates that five pillar strategy is yielding results
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