Insurance Services News

Staying Ahead of the Curve
Staying Ahead of the Curve 1024 536 Davies Group

// This article was first published by Insurance Day Steven Crabb CEO – Insurance Services at Davies Group explains as the pace of change in the London market continues to increase in 2020, firms cannot afford to be reactive. The next twelve months in the London market will be defined by its ability to change. It may…

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Redefining the MGA business model
Redefining the MGA business model 1024 343 Davies Group

//This article was first published in Insurance Day As the operating environment in the London market is being redefined, tough questions are being asked of the assumptions and processes that underpin the business models of MGAs. On a macro level, the outlook for the MGA sector can be summarised in three words: certainty, capacity &…

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Davies launches new consulting business in Bermuda to support clients with compliance and regulatory solutions
Davies launches new consulting business in Bermuda to support clients with compliance and regulatory solutions 150 150 Davies Group

Davies today announced the launch of a new compliance & regulatory consulting business in Bermuda. Davies Consulting (Bermuda) will specialise in providing insurance operations and consultancy solutions for insurance intermediaries and (re)insurers with operations in Bermuda, the UK and globally. The Bermuda operation will complement and mirror Davies’ established operations in the UK and its…

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Insurance, with no questions asked
Insurance, with no questions asked 1024 342 Davies Group

//This article was first published by Insurance Times With one-third of customers giving up on lengthy question sets, will insurtech powered zero-questions-asked insurance quotes revolutionise the process? One main differentiator of insurtech managing general agents and insurers such as Trõv, Lemonade, Lenny, Wrisk, Simplesurance, Coverly and Uinsure is the promise to provide a real-time quote…

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MGAs feeling the squeeze as capacity constricts
MGAs feeling the squeeze as capacity constricts 1024 342 Davies Group

//This article was first published by Insurance Times  MGAs have been told they will need to deliver the unexpected if they are to access underwriting capacity as the market hardens. The effects of the decision by Lloyd’s to target poorly performing business and the withdrawal of underwriters such as TMK UK have reduced both the…

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Rough times and fines ahead for AML failures
Rough times and fines ahead for AML failures 1024 341 Davies Group

The stark warning for Estate Agents from leading AML provider Veriphy comes on the back of news that HMRC has its sights set on Purplebricks for possible AML failings. George Stark of Veriphy, a Davies company said “With HMRC audits now a regular occurrence, and given the level of potential fines for non-compliance, any agency…

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London reinsurers moving data on to new platforms face tough decisions
London reinsurers moving data on to new platforms face tough decisions 768 256 Davies Group

//This article was first published by Insurance Day The pressure to replace technology systems will increase as the importance of outwards reinsurance programmes grow alongside the risk of a risk-based regulatory regime.  These could truly be described as interesting times for companies in the London market. Brexit aside, London is driving change both internally and…

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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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