Insurance Services News

London market should be doing a lot more to reclaim dormant loss funds
London market should be doing a lot more to reclaim dormant loss funds 1024 683 Davies Group

Hundreds of millions of pounds are sitting in dormant loss funds set up by underwriters via brokers and third party administrators. Insurers should be willing to recover these monies. It is a big concern that firms seem unwilling, or unable, to examine how they recover their own money, which may have been sitting in third…

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Davies stays at the forefront of market services by signing up to Placing Platform Limited (PPL)
Davies stays at the forefront of market services by signing up to Placing Platform Limited (PPL) 1024 744 Davies Group

Davies Insurance Services continues to provide clients with the latest innovative technology incorporating contemporary and cost efficient solutions for all aspects of their London Market administration. PPL is the London market’s electronic placing platform which enables brokers and insurers to quote, negotiate, bind and endorse business digitally. Risks can be placed electronically to support face-to-face…

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Reinsurers flock to invest in MGAs, but are wary of startups
Reinsurers flock to invest in MGAs, but are wary of startups 1024 1024 Davies Group

Against a backdrop of record market losses in 2017 and underwhelming rate increases, reinsurers are continuing to consider the ways they deploy their capital and are showing an increased appetite for investment in managing general agent (MGA) platforms. This is according to Chris Butcher, CEO of intermediary services at Davies Group. He said there has been a…

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MGAs continue to trump rival structures as market looks to Monte Carlo
MGAs continue to trump rival structures as market looks to Monte Carlo 1000 668 Davies Group

Standfirst: As delegates gather in Monaco amid talk of ongoing rating pressure, Chris Butcher CEO – Intermediary Services at Davies Group says reinsurers continue to see the benefits that MGAs can still deliver. There is little on the face of it that has changed for the reinsurance sector in the past 12 months. We gathered…

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