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Weekly News RoundUP – 12th July

Last week’s election gave Labour a huge majority and the insurance industry shares its hopes for the new government in a piece from Insurance Business. The OneAdvent team were out in force at the MGAA conference on Wednesday and had the opportunity to hear from industry experts on a number of hot topics. Check out the write-up of one panel we listened to below.

Labour’s election victory: reaction from the insurance industry (Source: Insurance Business Magazine)
BIBA, Phoenix Group and the Association of Consumer Support Organisations share their expectations for the new government in relation to SME business resilience, net zero commitments and consumer justice.

Head-to-head: fronting insurers vs traditional insurers (Source: OneAdvent)
In an animated debate at the MGAA conference, representatives from Bridgehaven, AXA Commercial, Rokstone and Gallagher Re argued the pros and cons of fronting vs traditional insurers.

June 2024 UK insurance M&A market update: taking stock at the halfway point of the year (Source: MarshBerry)
Deal flow rate remains consistent for the last 18 months but 2024 has brought double the amount of direct PE deals (twice as many as 2023 already) and an “unusually high number of deals involving personal lines businesses”.

Event insurance – how is the sector evolving to meet the changing risk landscape (Source: Insurance Age)
A new article from Insurance Age explores the evolving events sector and features insight from OneAdvent client, event insurance MGA, Vento.

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