Insurance Services News

Rethinking the legacy of run-off
Rethinking the legacy of run-off 768 256 Davies Group

//This article was first published by Insurance Day The run-off and legacy market is growing and the potential for further significant growth from the US in particular is significant. Looking to the London market the Lloyd’s decile 10 project has prompted increased activity in the reinsurance to close (RITC) market and while the Managing Agents…

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Capacity crunch fuelling MGA struggles
Capacity crunch fuelling MGA struggles 1024 341 Davies Group

//This article was written by Mark Richardson and first published in Insurance Times Lloyd’s bad business clampdown has had a knock-on effect for some MGAs When the plug was pulled on Aspen’s MGA by its new owners, it sent shockwaves through the broking community. The business was generally well regarded by brokers, but in a period…

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Davies assists with McGill & Partners launch
Davies assists with McGill & Partners launch 768 256 Davies Group

Davies Group is pleased to have supported McGill & Partners with their successful regulatory authorisation. McGill & Partners is an exciting new venture of scale that will operate on a global basis. The focus will be on serving speciality clients with complex risk. McGill & Partners will operate as an Appointed Representative of Ambant Limited,…

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Vision is fine but details are sorely needed if market is to progress in its efforts to modernise
Vision is fine but details are sorely needed if market is to progress in its efforts to modernise 1024 330 Davies Group

//This article was first published by Insurance Day The future modernisation of the London market has been a topic for over 25 years.  In recent weeks, Lloyd’s has circulated its vision for the future in order to consult with all areas of the market in an effort to identify which of the six proposals has…

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Broker access recognised as key to market future
Broker access recognised as key to market future 1024 330 Davies Group

Plans to open the Lloyd’s market to regional brokers across the world is clear proof that Lloyd’s has recognised the role they and technology can play. Lloyd’s launched its prospectus for its future last week (May 1st, 2019) and Steve Goate, Director of Intermediary Services at Davies said the plans laid out by CEO John…

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Why insurance brokers can still look to Lloyd’s for new markets
Why insurance brokers can still look to Lloyd’s for new markets 1024 330 Davies Group

//This article was first published by Business Insurance As brokers get set to head to Manchester for the annual conference of the British Insurance Brokers’ Association (BIBA) Steve Goate (pictured), director of intermediary services at Davies Insurance Services say UK retail brokers have the opportunity to access Lloyd’s directly to make the most of the…

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Davies Group and SureThing! Collaboration
Davies Group and SureThing! Collaboration 1024 330 Davies Group

With assistance from Davies Group, motor broker SureThing! has launched Stablis MGA Limited, a managing general agent focused on the private car insurance market. The MGA will help drive the brokers growth ambitions and has partnered with Accredited (Europe) to provide capacity, which is an A-rated European subsidiary of Randall and Quilter Investment Holdings (R&Q),…

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Davies Insurance Services assists the launch of Inshur in the UK
Davies Insurance Services assists the launch of Inshur in the UK 1024 442 Davies Group

Inshur has been active in the New York ride-share market for nearly a year and now, with the assistance of Davies Insurance Services, has launched in the UK having gained regulatory approval. The commercial auto insurance InsurTech start-up allows for taxi drivers to buy and manage insurance on their mobile phones – cutting out brokers.…

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Conduct risk will be the biggest challenge for MGA’s in 2019
Conduct risk will be the biggest challenge for MGA’s in 2019 1024 256 Davies Group

Compliance in relation to the rules covering pricing, distribution and internal governance will be the most significant issues for companies Nayna Vilas, legal counsel – Davies Insurance Services There will be no let-up in terms of regulatory issues affecting managing general agents (MGA’S) in 2019. The list of compliance issues continues to grow and are…

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Davies assists with InsureTech C-Quence launch
Davies assists with InsureTech C-Quence launch 1024 330 Davies Group

C-Quence, a Commercial Lines Insurtech MGA enabled by flexible cloud-based technology and real-time enterprise analytics, created to help entrepreneurs launch tech enables and highly efficient solutions in the market have recently gone live with its first product via its bespoke underwriting platform C-Q Elements. With assistance from us, the start-up was founded in 2017 by…

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