OneAdvent CEO, Tim Quayle, has been championing the role of MGAs in an Insurance Post interview released this week. BIBA launched their 2025 Manifesto at the House of Commons on Wednesday promising to focus on creating more proportionate regulation and working with partners to deliver value. The biggest riser in this year’s Allianz Risk Barometer is climate change, “achieving its highest-ever position in 14 years of the survey”.
Could Covéa’s capacity withdrawal derail MGA progress? (Source: Insurance Post)
A passionate advocate for MGAs, Tim Quayle, CEO of OneAdvent, responds with other industry experts to Covéa’s recent revelation that it wouldn’t work with MGAs again due to lack of underwriting control.
Economic Secretary to the Treasury delivers message to UK brokers – BIBA Manifesto (Source: Insurance Business Magazine)
In her speech Emma Reynolds MP emphasised the “importance of collaboration” to deliver the growth and success of the insurance sector. She also noted; “It’s important to have strong and effective regulation but it must be proportionate, and it must not hinder the growth and competitiveness…of the sector as a whole.”
Allianz Risk Barometer 2025: Cyber top business risk as climate change hits record high (Source: Allianz)
38% of companies “identify cyber-attacks, especially data breaches, as their top business concern for the year ahead.” This is closely followed by business interruption (31%) and natural catastrophes (29%).
Global reinsurer profitability to remain strong in 2025 despite price reductions, says Fitch (Source: Reinsurance News)
An anticipated fall in risk-adjusted prices for reinsurers will not mean a decrease in returns, according to Fitch. This is due to market conditions, capitalisation buffers and solid reserve adequacy.
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