INSURANCE

Ageas and Saga in £207.5m deal talks

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Ageas has entered exclusive negotiations with Saga on a 20-year affinity partnership and buying Acromas in a package worth up to £207.5m. Partnership talks between the pair were first revealed at the start of the month. Broking business Saga Services distributed over £479m of gross written premium across motor and home in the 12-months to … Read more

Mulsanne premiums drop 40% in 23 as it receives £22m capital injection

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Mulsanne premiums drop 40% in 23 as it receives £22m capital injection – Insurance Age End of drawer navigation content Skip to main content Mulsanne Insurance’s gross premiums fell by £75.3m during the year ended 31 December 2023 to £112.9m, according to its latest Solvency and Financial Condition Report. Gibraltar-based Mulsanne blamed a reduction in … Read more

NBS launches unoccupied commercial property insurance

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NBS Underwriting has launched an unoccupied commercial property insurance product, expanding its portfolio. The policy is designed to cover commercial premises that become vacant due to a range of reasons including probate, awaiting tenants, undergoing refurbishment or construction works. It has A-rated capacity, with policies backed by Tokio Marine HCC. The product has flexible coverage … Read more

Addept Insurance boosts capacity for double product launch

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Addept Insurance boosts capacity for double product launch – Insurance Age End of drawer navigation content Skip to main content Addept Insurance Services has partnered with Ortus Underwriting with underwriting capacity provided by Great American International Insurance (UK). Wholesale business Addept Group launched this May following the acquisition of specialist independent insurance broking business Policywise. … Read more