Insurance Services News

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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Rising star: Tom Foster, Ambant
Rising star: Tom Foster, Ambant 1024 443 Davies Group

Link to Insurance Post Article Tom Foster started in insurance straight from further education and has already risen to senior reinsurance technician at Ambant. How did you get into insurance? I have always been familiar with insurance as my parents worked in the industry for a number of years, as a result I had knowledge…

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Change brings out the best in the MGA sector
Change brings out the best in the MGA sector 611 408 Davies Group

Standfirst: 2018 has been yet another year of change across the industry and as Chris Butcher CEO of Intermediary Services at Davies Group, explains tightening markets and corporate restrictions creates opportunity which will continue in 2019. It has been a positive, if a little testing for some, year for the managing general agent sector. While…

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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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