Hiscox has set its sights on being the insurer of choice on schemes business in its chosen sectors, and is targeting double-digit growth, according to head of schemes Natasha Pettet. “We’re not a generalist insurer, so we’re not looking to go toe-to-toe with the generalists,” she told Insurance Age. “We want to retain our niche … Read more
With an aim to be the most admired global specialty MGA, Optio Underwriting group CEO Deepak Soni outlines how it attracts top talent, plans to mix organic growth with M&A and discusses the importance of having a PE backer that understands the subtle nuances of how MGAs work. Deepak having worked previously across corporates such … Read more
Japanese insurer Mitsui Sumitomo Insurance has signed up to buy 15% of the shares in New York Stock Exchange listed W.R. Berkley Corporation. The transaction will go ahead via open market purchases or private deals with third parties. The Berkley Family will not be selling any of its common stock, the US-based property and casualty … Read more
RSA cutting up to 250 jobs in Peterborough following personal lines exit – Insurance Age End of drawer navigation content Skip to main content RSA has put 250 jobs at risk in its Peterborough office over the next two years, following the insurer’s decision to exit the personal insurance market first announced in December 2023. … Read more
The Acturis Commercial Broking Index reveals further premium increases at the end of the year, but experts predict the market is set for softening in 2025. Ida Axling reports. The cost of commercial insurance grew by 3.8% in 2024, driven by particularly large premium hikes in fleet and property owners. This is according to the … Read more