UK market News

R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Stabilis

Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary, Accredited Insurance (Europe) Ltd., has signed a new program underwriting partnership with Stabilis MGA Ltd., a UK managing general agent (MGA) that sells private motor insurance. Colin …

MS Amlin Launches Comprehensive All-Risks Policy for UK Tech Sector

MS Amlin, the specialist global re/insurer, has launched a comprehensive all-risks policy designed for the technology sector in the UK, which is called Technology Combined. The product provides companies with cover against a range of different perils and the sections …

UK’s Financial Services Industry Still Unscathed from Brexit Uncertainty: Reuters

Britain’s financial services industry has emerged largely unscathed so far from the build-up to Brexit, with about 2,000 roles expected to have moved or been created overseas even as the risk of a disorderly exit grows, a new Reuters survey …

AXA Real Estate Unit Confident About Its London Skyscraper, Despite Brexit Uncertainty

It was a tricky time for the commercial real estate business in London. Within days, Britons would be voting on whether to remain in the European Union or leave. The French insurance giant AXA SA was trying to figure out …

UK Financial Services Minister Confident Brexit Deal Will Be Agreed

Britain is working hard for a Brexit deal but it would still be prudent to put in place contingency measures in case no agreement is reached, UK financial services minister John Glen said on Monday. Parliament will vote on Tuesday …

London’s Electronic Placing Platform PPL Announces Updates, Enhancements

The London market’s electronic placing platform, PPL Ltd., announced a platform update. PPL said the new release includes: An enhancement so the broker can now select multiple stamps for facilities. The underwriter response is identical to open market functionality; underwriters …

Brexit Update: City of London Prepares for Worst, Hopes for Best

Dismay, confusion, relief — and hope. The City of London had a range of reactions to the U.K. Parliament’s overwhelming rejection Tuesday night of Prime Minister Theresa May’s blueprint for quitting the European Union, and her sprint to cobble together …

Marsh Places 10,000-Plus Risks During 2018 via London’s Placing Platform (PPL)

Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more than 15,000 risks in total on the …

R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Kitsune

Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with Kitsune Ltd., a UK managing general agent that provides private motor insurance. Kitsune is one …

Arch Insurance Europe Finalizes Purchase of Ardonagh’s UK Commercial Lines Business

Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business, which generated more than £150 million ($190 million) of gross written …