Managing general agents (MGAs)
UK General looks to shed broker agencies to boost sales and service
UK General's new chief executive has revealed plans to reduce the number of agencies the insurer holds with brokers from its current level of 800 as part of an effort to build partnerships and improve its sales and service offering with a more select…
QBE hopes to further bolster '100%' capacity arrangement with RMP
QBE director Craig Bennett has reaffirmed his company's commitment to a capacity arrangement with AJ Gallagher International managing general agent RMP, despite suggestions that public sector pressures could lead to a pull-out.
Post Top 100 UK Insurers Supplement: Interview with Amanda Blanc
Amanda Blanc saw her move to Axa as a chance to test herself, and it is a mission she continues to revel in.
Dual adds Liberty and Barbican to capacity provider list
Liberty and Barbican are to join Arch, Hiscox and Mitsui Sumitomo Insurance as capacity providers for Dual International's global financial lines portfolio from 1 October 2012.
Arista adds Twist to Midlands team
Commercial lines underwriting agency Arista Insurance has appointed Grant Twist to the position of senior underwriter in its Midlands team.
Cunningham Lindsey and Direct Group CEOs seek to finalise PE sales
Two former GAB Robins executives are close to finalising deals that would see the total or partial exit of two private equity houses from their current businesses.
Jubilee parent targets Direct Group
The parent company of Lloyd's managing agency Jubilee is in talks to acquire a stake in insurance administration specialist, managing general agency and top 50 broker Direct Group, Post Online has learned.
MGAA holds 'successful' capacity exchange
The inaugural Managing General Agents' Association capacity exchange has been hailed by insurers and MGAs alike as an effective way to identify and develop new products and schemes opportunities.
Shortlist revealed for Underwriting Service Awards 2012
Risk-pricing skill, understanding of clients' needs and quality of service are all vital to insurers' long-term success.
Midas launches EDI home product with SSP
Midas Underwriting has expanded the range of risks it covers with the launch of a non-standard full-cycle EDI home product.
Interview: Carl Beardmore - from vision to fruition
BMS chief executive Carl Beardmore believes he is on track in transforming a broker that was 'flat lining' into a company generating more than £100m a year.
Charles Taylor sets timetable to boost international adjusting proposition
Charles Taylor Company has confirmed plans to enter the Latin America loss adjusting market before the end of 2012, just weeks after buying a majority stake in Saudi Arabia claims handling business Noble Inspection and Loss Adjusting.
Charles Taylor revenue strong and steady at £53m despite 'subdued' claims environment
Insurance business Charles Taylor Company delivered a stable performance during the first half of the year, with a flat revenue of £53m (2011:£49.3m), thought to be due in part to a series of one-off charges and a "subdued" energy claims environment.
IT experts target six MGAs with new ‘shrink wrapped’ underwriting service
Insurance IT specialist Salmon has launched a new end-to-end underwriting service for managing general agent start-ups in a bid to make writing risk less “labour intensive”.
Aon boss sponsored by Nexus to ride in notoriously dangerous bike event
Aon associate director John Coleman is revving himself up ahead of the Manx Grand Prix this weekend, after bosses at Nexus Underwriting Management agreed to sponsor him to take part.
Brit lead underwriter heads to Dual with speciality liability team
Departing lead underwriter John Murphy has thanked his former employers at Brit Global Specialty after revealing his decision to join Dual, taking his entire underwriting team with him.
APC launches professional indemnity offering
Commercial insurance underwriting agency APC has moved into the professional indemnity market, launching its first product to protect mortgage and finance intermediaries.
Market moves: MGAs the main movers as three firms make new hires
While the Managing General Agents Association made the trade press this week, MGAs followed suit with several new hires at Pioneer Underwriting, Asta and Sagicor at Lloyd's.
FSCS levy proposals could see MGAs facing the same liability as brokers
Managing general agents face being liable to bail out failed independent financial advisers or mortgage intermediaries that exceed the upper threshold of the Financial Services Compensation Scheme levy under new proposals.
JLT buoyed by growth in Asia and Latin America as revenue jumps 7% to £441.7m
International broker Jardine Lloyd Thompson Group this morning reported total revenue was up 7% to £441.7m in the first six months of 2012 and an 11% rise in profit before tax to £85.1m. Underlying PBT increased 12% to £89.4m.
JLT profit grows 11% as UK economy woes stall Thistle growth
Revenue at Jardine Lloyd Thompson Group grew 7% in the first six months of 2012 to £441.7m, including a 6.3% increase in revenue generated from organic growth, compared with the same period in 2011.
MGAs WLTM insurers at 'speed dating' capacity exchange
The Managing General Agents' Association is hosting a capacity exchange event at the Lloyd's building to help members secure insurer support to expand and introduce new products.
Randall & Quilter opens Manchester MGA office
The company's specialist MGA platform has opened its first UK regional office, in Manchester.
UK MGA Association celebrates as RSA joins
Global insurer RSA has become the latest member of the Managing General Agents' Association, a non-profit organisation that represents UK MGAs.