Specialist Risk Group has bought Newcastle-based managing general agent Generation Underwriting from WF Risk Group. The MGA, which works across the SME and mid-market sectors, was founded in 2010 and has been owned by Belfast-headquartered WF Risk Group since 2021. Generation Underwriting’s portfolio spans commercial combined, property owners, fleet, and contractors all risks products, delivered … Read more
Hiscox has launched a cargo application programming interface-based solution, available through broker partners for underwriting small cargo and stock throughput risks. The insurer explained the solution was in response to demand for an insurance product to cover the smaller cargo risks that typically do not get placed in the London insurance market. Targeting the needs … Read more
Digital distributor of specialist insurance products, Starpeak, has renewed its binder arrangement with Axa XL’s UK and Lloyd’s business, marking the 10th year of the partnership. The binder provides capacity for the next 12 months and Starpeak claimed it “reaffirms the relationship and represents a continued commitment to expanding and enhancing insurance offerings for customers … Read more
EY has revised its forecast for the UK motor insurance market this year suggesting insurers will break even with a net combined ratio of 100%. The figure for 2025 has improved slightly from EY’s initial forecast of 101.6% made last December. However, rolling out their first prediction for 2026, the consultants warned the market would … Read more
Policy Expert increased its profits before tax to £30.1m in the last financial year, up significantly from £4.9m, as underlying Ebitda more than doubled to £55.3m. The group also grew its customer base by 8% in the year ending 31 March 2025, reaching 1.6m customers for the first time Earlier this year CEO Steve Hardy, … Read more