News

MPR Underwriting Updates

Tim Jones, director at MPR Underwriting, was the guest on episode 2 of ‘Insurance Covered’ a podcast produced by RPC, designed to look at the inner workings of the insurance industry. This episode takes an in depth look at Managing General Agents (MGAs) and examines their role in the insurance market; how they benefit the different parties they work with and the important attributes that create a successful one.

The podcast is 23 minutes long and can be listened to above – It is also available on iTunes, Spotify & Acas.

Tim Jones

Written by

Tim Jones

Language Matters

Professional Services Exclusions
and D&O Liability

The Professional Services Exclusion (“PSE”) is one of the most common adjustments to Directors & Officers (“D&O”) policies/sections of cover, appearing in many as a standard feature (as opposed to a discretionary, endorsement based approach). This frequency of use might suggest a settled position both on language and intent, but this is far from the case, with inconsistency around construction, purpose and impact.

Insight

Why do staff
steal from employers

This ‘rationalisation’ is part of a standard methodology developed by fraud investigators. It is also one aspect of the most widely accepted model for explaining why employees steal from their employers, namely the ‘fraud triangle’.

Insight

Deferred Prosecution
Agreements

This constant legislative evolution is not to suffocate organisations, but to seek to keep them honest and to protect innocent people reliant on the future of a company, such as suppliers, manufacturers or customers.