In a C-suite piece for Insurance Post, Charles looks at the use of unrated insurers and the impact of regulatory standards, Solvency II and the FSCS compensation scheme. Is the key giving brokers more information on how secure unrated insurers really are? To read the article, please click here.
Charles Manchester is featured in the BIBA broker magazine this month. He is discussing the potential reasons why a broker may turn to an unrated insurer and whether such reasons hold any merits. Discussing the question of real value to the customer can help us to discover what the key focuses are for the insurance policy and for the broker…read more →
Manchester Underwriting Management was the highest new entry in this year’s Broker Service Survey, ranking second overall. This survey, run by Insurance Times, measures brokers’ opinions on service across all insurance lines and markets, from ease of access to underwriters to the speed and fair result of claims settlement. We are very proud to have achieved this result and would…read more →
Richard Webb, director at Manchester Underwriting Management, has written an expert opinion piece for the Insurance Times, discussing how transparency within a business can affect claims. We like to think that employees would come to their boss and tell them of a problem straight away, but this is not always the case… Click here to read the article
The government has recently announced a change to IPT. With effect from 01/10/2016 the standard rate of UK IPT will increase from 9.5% to 10%. As a MGA, we must account to our partner insurers. In order to ensure compliance with the transitional arrangements, business processed in relation to cover that incepted prior to 01/10/2016 will be taxed as follows:…read more →
MUM had a very successful conference at BIBA this year, meeting existing partner brokers and connecting with new ones. Richard Webb explains how MUM has grown in recent years. Our capacity has expanded as has our appetite. We started to write Survey and Valuation risks in 2014 and have launched our Brokers’ Own PI Product this year. Our growth is…read more →
Manchester Underwriting Management’s capacity requirements have evolved as we have grown and so, from 01/07/2016, the UK business that was formerly written 100% by MS Amlin’s Lloyd’s syndicate 2001, will be shared 50:50 with Great Lakes Reinsurance (UK) SE (rated AA- by S&P and A+ by A M Best). MUM continues to write for a variety of insurers and the…read more →
Manchester Underwriting Management’s opinion piece was in the BIBA edition of the The Broker. Charles Manchester writes about a discrepancy in brokers practising what they preach. Whilst brokers advise their clients to look beyond price when considering insurance, they can fail to take their own advice when buying insurance themselves, particularly PI. The best product is not necessarily the cheapest and…read more →
Insurance Business featured an interview with Charles Manchester, MUM’s CEO, in their May edition. The potential for underinsurance that may arise particulalry when a big claim comes in against a broker was discussed, given that claims against even small brokers can be spectacularly large. MUM’s insurance brokers’ product is designed to attempt to help prevent claims against brokers arising in…read more →
Ida Axling interviewed Charles Manchester just before BIBA to highlight some of the issues brokers have with placing their own PI and problems generally in the market at the moment. To watch the interview see here.
