Alex Bertolotti, head of insurance at PwC UK, has been reflecting on the impact Trump’s recently announced export tariffs will have on the global insurance market. The Financial Ombudsman Service (FOS) expects around 270,000 cases for 2025-26 but has pledged reform. The CEO of the MGAA argues that for MGAs to truly differentiate themselves, “claims excellence must be embedded in their DNA”.
Why claims are the true test of an MGA (Source: Insurance Post)
According to Mike Keating, CEO of the MGAA, “As competition intensifies, MGAs that prioritise claims performance will be better positioned to retain business and attract capacity and broker partners alike”.
US tariffs set to increase insurance costs for firms across the world (Source: Commercial Risk)
Alex Bertolotti, head of Insurance at PwC UK, said claims costs for some of the unique insurance products provided by London’s global specialty market will increase following the tariffs announced by Trump.
Gallagher Re 1st View: Finding the Path (Source: Gallagher Re)
The latest Gallagher Re renewal report describes traditional capital at an “all-time high” for the global reinsurance industry, with overall market capacity increasing by 5.3% year-on-year to $769bn.
FOS expects 20% rise in cases this year but promises improved efficiency (Source: Mortgage Solutions)
The FOS said it was working closely with HM Treasury and the Financial Conduct Authority (FCA) to carry out a “transformative journey to modern[ise] both its services and the wider redress system”.
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