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Nick Wright, chief business development officer at Pen Underwriting, tackles its recent M&A quietness, capacity in the market and the benefits to brokers from niche products. He updates on the goal of hitting £1.75bn GWP by 2030, streamlining its agency base and shares why he thinks the Gallagher-owned MGA will “go from strength to strength” as he forecasts casualties in the space in the next few years. from Insurer - insuranceage.co.uk https://ift.tt/VXYsU5t

Axa UK Commercial has made enhancements to its offices and surgeries, and digital mini fleet products. from Insurer - insuranceage.co.uk https://ift.tt/PaEMJ7X

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover. from Insurer - insuranceage.co.uk https://ift.tt/scvUPNK

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024. from Insurer - insuranceage.co.uk https://ift.tt/QmsZGBw

Sabre is ready to grow with brokers as the provider promised the sector it “can rely on us to provide competitive prices through our part of the market through this year’” CEO Geoff Carter told Insurance Age. from Insurer - insuranceage.co.uk https://ift.tt/Xh5wMrv

Managing general agent Alps has updated its landlord legal expenses and rent protection product, in a move designed to support landlords as they navigate the implications of the Renters’ Rights Act. from Insurer - insuranceage.co.uk https://ift.tt/dqYxUch