Managing general agents (MGAs)
McCafferty re-affirms strategy as Brightside hit by £10.2m loss
Brightside saw pre-tax losses of £10.2m last year, but incoming CEO Brendan McCafferty said there is “no need to alter strategy”.
Start-up motor MGA to target £20m premium in first year
Motor managing general agent Hedgehog aims to reach £20m in gross written premium in its first year of operations, following its launch in Q4.
MGAs roundtable: What does the future hold for managing general agents?
Nimble and niche, managing general agents have carved themselves a sizeable market share. A roundtable organised by Post, in association with RSA, discussed how these strengths equip them for the future
Over 20 start-ups pledge support for proposed insurtech trade body
Over twenty insurtech start-ups have today pledged their support for a new alliance which aims to ultimately evolve into a fully fledged specialist association.
LMA's Lee Elliston on taking action on delegated claims
The 300-year-old Lloyd's market is changing, says Lee Elliston, claims director, Lloyd's Market Association. The Target Operating Model has seen Lloyd's focus on boosting efficiency and bringing business benefits to market participants. Now the LMA is…
GRP scoops up U-Sure in 10th acquisition of the year
GRP has acquired Lloyd’s coverholder U-Sure Insurance Services for an undisclosed sum.
Nexus snaps up Altitude in third deal of the year
Managing General Agent Nexus has completed the acquisition of Altitude Risk Partners from Castel Underwriting.
Karen Beales departs suddenly from UK General
Karen Beales has stepped down “with immediate effect” from her role as CEO of UK General, less than two years into the role.
Interview: Jacqueline McNamee and Elliot Biggs, C-Quence
Keen not to be lumped in with the insurtech movement, new managing general agent C-Quence is ready to launch in Q3 backed by Primary and Arch. Its CEO Jacqueline McNamee and chief information officer Elliot Biggs outline to Jonathan Swift why data, a…
This week in Post: One every minute
For those of us back in the office while the holiday season continues it might seem like time is moving slowly but the Association of British Insurers revealed this week that for every minute we count down until silly season is over and the out of office…
Analysis: How Amazon could make waves in claims
With talk abound of a possible Amazon entry into insurance distribution, what could an Amazon entry into claims look like?
Lloyd’s managing agents call for greater ILS use
Some 80% of Lloyd’s managing agents would like to see insurance-linked securities become a permanent fixture in the reinsurance and insurance market.
Blog: MGAs need to know how secure their capacity is
Managing general agents are facing a capacity crunch and the 'decile 10' initiative by Lloyd's to remove underperforming business is increasing pressure, explains Chris Hardcastle, managing director of Capsicum Delegated Authority.
Primary and Arch back Q3 launch of McNamee's insurtech C-Quence
Insurance investment vehicle Primary Group has today been revealed as the backer for the new digital-enabled managing general agent to be launched by former AIG UK CEO Jacqueline McNamee in autumn this year.
Lloyd’s Brussels receives ‘A’ rating from AM Best
AM Best has assigned the Lloyd’s Brussels hub a Financial Strength Rating of ‘A’ (Excellent) and a Long-Term Issuer Credit Rating of ‘a+’.
This week in Post: Sore heads and muddy journos
It’s been a week for sore heads, with England crashing out of the World Cup on Wednesday. Fortunately, with the industry keeping us so busy, there hasn’t been much time to ruminate on the pain.
The MGAA’s Peter Staddon on planning to thrive and not just survive
The future can be a perilous place, especially for the insurance sector, says Peter Staddon, managing director of the Managing General Agents’ Association. In an environment typified by tough market conditions, Brexit, and increasing waves of regulation,…
MGAs risk huge losses from mispricing cyber: Chilton
Managing general agents who lack specialist knowledge are at risk of unintentionally providing underpriced, 'silent' cyber cover in policies, outgoing Gallagher CEO Grahame Chilton warned.
Call out rogue MGAs, urges Chilton
Grahame Chilton urged attendees of the Managing General Agents Association’s annual conference attendees to call out rogue MGAs.
Charles Manchester warns MGAs of hurdles ahead
Speaking at the MGAA conference today, chairman Charles Manchester warned that the next hard market could be the shortest ever.
Blog: Why partnering is the only show in town for insurtechs
For most insurtechs the question no longer seems to be whether to partner up with an incumbent, but what the nature of the partnership should be. Marketing Eye CEO Neil Edwards explains what could be learnt from fintechs such as Revolut, Monzo and…
UK General weighs up direct options and targets 20% of income
Exclusive: UK General is close to launching its first personal lines product on a software house and is exploring its options for direct distribution.
Folgate guns for £60m GWP following PRA approval
Folgate Insurance has received approval from the Prudential Regulation Authority to start writing insurance and reinsurance business.
Analysis: Has the industry learned its lesson after the collapse of a third unrated insurer in two years?
After three months of solvent run-off, Danish insurer Alpha finally fell over last month. Its collapse sent shockwaves through the market and prompted black cab drivers to besiege the offices of their London broker.