MGA News – Page 44
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News‘Futuristic’ CFC syndicate will have ‘key role’ in Lloyd’s market
Lloyd’s boss John Neal deems CFC a ’frontrunner in cyber products’
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NewsMGA Kitsune finds new home with car insurance broker
Broker Brightside originally announced last November that Kitsune would be put into run-off for failing to meet specified returns
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NewsLouise O’Shea: Open finance will empower insurers to innovate and meet customer demand
Mirroring the success of opening banking, open finance can help customers improve their financial health says price comparison website chief executive
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NewsPerception that extortion cover fuels cyber crime is ‘misguided’ – CFC Underwriting
The firm’s cyber development leader believes ‘the last option we want is to remove extortion coverage’, but that applying sub-limits could be a viable route forward
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NewsPen Underwriting appoints head of D&O in newly created role
The hire brings 35 years of experience and ‘D&O firepower’ to the new position
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NewsMGA takes on Biba-backed travel book
As part of the agreement, the MGA has also recruited a new senior underwriter
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NewsQlaims and Hedron Network to offer new solution for brokers
The partnership aims to enable network members to ‘differentiate themselves from the competition’
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NewsMGA Renovation Underwriting appoints head of distribution
The hire, who is well-known in the HNW broking community, brings over 35 years of experience to the new senior role
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IT InterviewThere’s no strategy to current broker consolidation – Aventum’s David Bearman
Furthermore, MGAs that ‘put growth over profit don’t deserve to have underwriting capacity’, says chief executive
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NewsCFC inaugurates new Lloyd’s Syndicate
The launch hopes to bring emerging and digital economy risks into the Lloyd’s market
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IT InterviewQ&A: ‘Good partnerships and teamwork are key’ to data transfer projects - Markerstudy
Dan Fiehn, group chief operating officer at Markerstudy Group, tells Insurance Times about how to successfully complete data transfer following M&A
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NewsMGA Inperio launches broker PI product
The professional indemnity product will include cover for coronavirus-related losses
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NewsAM Best unveils plans to rate delegated authority providers
Plans for a financial rating regime for MGAs has been welcomed by the market, but doubts remain that firms will be willing to open their doors
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Newsiprism unveils product for unoccupied properties
Brokers expect an increase in unoccupied commercial properties as a result of economic disruption
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NewsThe future of MGAs will be defined by data – Willis Re
Overseas capacity providers are attracted to the UK market, but especially to businesses that have generous data capabilities
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NewsUK-EU insurance capacity relationships still required post-Brexit says Pro Insurance Solutions
Pro Insurance Solutions managing director Robert Buchberger tells Insurance Times that there is ”an ongoing desire to operate international schemes in commercial and financial lines”
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NewsMGAs should buckle up for a ‘hard Brexit’ says Clyde and Co
Reverse branching could provide a solution for insurance intermediaries that wish to continue trading in the EEA following Brexit, says law firm partner
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NewsInperio to offer reduced professional indemnity premiums to solicitors via new partnership
Solicitors have had a tough time with professional indemnity insurance, but the MGA hopes to offer clients a quick and easy way of getting cover remotely
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NewsMajority of businesses aware of flood risk, but less than half have comprehensive cover
The insurtech MGA revealed the findings from its latest report as part of its risk awareness campaign – Flood February set to target commercial lines brokers
