Product
Wholesaler seals second capacity deal in a month
Addept Insurance Services has sealed a capacity deal with The Salvation Army General Insurance Corporation for the firm’s new dedicated tenant pet damage protection insurance for landlords, called Not for Lions.
Mid-market boss Lyons wants Zurich to become a “nuisance” to rivals
Morgan Lyons, head of mid-market at Zurich, is looking to grow in the smaller mid-market space and become a “nuisance” to its competitors.
Ex-Open GI duo launch digital marketplace for brokers
A pair of Open GI veterans have teamed up to launch what they describe as a “leading digital insurance marketplace", offering insurance brokers a "unique opportunity to acquire exclusive access to online leads”.
MGA doubles D&O line size with Lloyd's capacity deal
Managing general agent Rokstone has doubled its directors’ and officers’ (D&O) line size from £5m to £10m after securing additional capacity from Lloyds’ Syndicates.
Alan Boswell partners with Peach on teachers’ liability scheme
Alan Boswell Group has partnered with commercial insurer Peach to grow and enhance its teachers' liability scheme.
Interview: Hiscox UK COO Cath Frost on delivering operational excellence for brokers
Having joined Hiscox this April UK COO Cath Frost has already seen operational improvements but there is more to come from the insurer she promises brokers.
Epoq launches landlords legal expenses insurance
Epoq has teamed up with Temple Legal Protection to launch legal expenses insurance for landlords, adding to its portfolio after last month’s product release.
Premium finance charges as high as 37% but dropping overall – report
Pearson Ham has found average premium finance costs for motor and home insurance fell over the last year but also revealed charges as high as 36.8%.
Premium finance review welcomed as EY warns of ‘heightened regulatory scrutiny’
Industry practitioners have broadly welcomed the Financial Conduct Authority launching a review into premium finance.
Pen revamps cyber proposition for large corporate clients
Pen Underwriting has relaunched its cyber proposition for large corporate clients, doubling excess of loss limit (XOL) and introduce a broader risk appetite.
Chubb launches construction industry practice
Chubb has launched a construction industry practice in the UK and Ireland ready to trade locally with brokers across its branch network as it also unveiled a new product for the sector.
Experts say industry is improving on fair value despite FCA criticism
The Financial Conduct Authority’s findings that brokers are still struggling to provide evidence that their remuneration is consistent with fair value rules has sparked mixed reactions among people working in the sector. Ida Axling explores the fallout…
NBS launches unoccupied commercial property insurance
NBS Underwriting has launched an unoccupied commercial property insurance product, expanding its portfolio.
Addept Insurance boosts capacity for double product launch
Addept Insurance Services has partnered with Ortus Underwriting with underwriting capacity provided by Great American International Insurance (UK).
RSA and NIG to offer single product set in H1 next year
RSA and NIG has completed a “broad reconciliation” from a product and wording perspective and is committed to offering a "single product set in the first half of next year", according to Laura Fox, distribution development director.
RSA launches mid-market D&O product
RSA Insurance has launched Directors’ and Officers’ Protection, aimed at UK domiciled or headquartered companies, large domestic and multinational businesses, private firms with a turnover of over £250m and publicly traded entities.
Aviva signs capacity deal for Howden scheme
Aviva has agreed to a deal with Howden to provide capacity for the broker’s Bespoke Farm and Estate Scheme, Insurance Age can reveal.
Sompo launches marine insurance proposition aimed at brokers across the UK
Sompo has launched a national marine insurance proposition for the UK, which – for the first time – enables it to write marine cargo and transport and logistics policies regionally, not just in London.
Markel targets SMEs to mid-market with tech insurance expansion
Markel is aiming to meet the evolving needs of the UK’s tech sector as it launches an expanded offering.
LexisNexis launches perils and property data package to support brokers
LexisNexis Risk Solutions has launched a set package of perils and property data to give brokers simplified risk scores for flood, subsidence and crime at point of quote, Insurance Age can reveal.
High Net Worth – is it really high noon for MGAs in upmarket personal property?
With Munich Re (GrovesJohnWestrup) and Allianz (Home & Legacy) putting mid- and high-net-worth MGAs into run-off in the last 18 months, is this distribution model failing to connect with these customers? Ed Murray explores these developments and others…