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MPR Update – October 2019

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  • MPR Update – October 2019

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MPR Underwriting Updates

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    D&O Renewals - what's occuring?

    D&O prices are on the rise, following a decade of soft market conditions. As well as price increases, it’s important to look out for other features and potential changes at renewal.

    D&O Renewals - top 5 tips

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    Insights

    We continue to produce Insights based on common themes discussed with brokers:

    INSIGHT
    Prior & Pending Litigation Date and Retroactive Date – A Case of Mistaken Identity?
    Which one is which? It’s a common case of mistaken identity. The question of the difference between, and application of, the prior and pending litigation date (“P&P date”) and the retroactive date (“retrodate”) is a frequently visited conversation and can sometimes be difficult to decipher. .
    READ MORE
    INSIGHT
    Cyber Insurance – The misunderstood product of an automated generation?
    Cyber Insurance – it’s freely available, competitively priced and very easy to obtain a quote. Yet, according to a recent ABI report, only 11% of UK organisations buy it, despite 99% of claims being paid.
    READ MORE
    Other Insights you may be interested in

    > D&O – do you need to run off?

    > Insured Capacity – does it come with guarantees?

    VIEW ALL INSIGHTS

    A new signing for MPR – Magnus McGurk

    Magnus Mcgurk

    We are delighted to welcome Magnus McGurk to the team at MPR. He joins us from MS Amlin, having previously worked with the team at MPR for many years, and will lead our efforts in Scotland and The North. His deep experience and long-standing relationships are consistent with the ambition of MPR to be the leading regional financial lines market, recognised for accessibility and local expertise, product quality and first class service.

    It’s now 2 years since we set up MPR. Our strategy is simple, and that is to enjoy what we do. Fundamentally, MPR is about doing something we take pride in with people we enjoy dealing with – colleagues, stakeholders and brokers alike. For more details on how we can help, take a look at our website.

    Our Products
    We now have over 20 products at MPR and are evolving our offerings in response to our broker partners ideas. Our aim across all of these is straightforward. That is to provide a top quality product, backed up by first class credentials and accessible experts.
    VIEW ALL PRODUCTS

    Our Policies include:

    • Directors & Officers Liability
    • Management Risks package policies
    • Cyber Liability
    • Employment Practices Liability
    • Pension Liability
    • Pension Wind Up Liability
    • Charity and Not for Profit Liability
    • Professional Indemnity and Media Liability
    • Public Offering or Prospectus Liability
    • Financial Institutions Insurance
    • Crime and Cyber Crime Insurance

    We will continue to deliver solid insurance solutions in an efficient and consultative way and supplement this with accessibility and support. Please feel free to get in touch.
    CONTACT US

    MPR logo

    10th Floor, Chancery Place, 50 Brown Street, Manchester M2 2JG

    0161 241 3550

    enquiries@mprunderwriting.com

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    Tim Jones

    Written by

    Tim Jones

    Insight

    Navigating the storm – PI Market

    Over 18 months ago, we wrote about the PI underwriters thought process in what PI underwriters care about. Since then, significant change has swept through the market.

    Factsheet

    Five reasons to act quickly
    during a cyber event

    Incident response providers have observed that a strong theme emerging, even where a cyber insurance policy in force, is poor escalation from the discovery of the cyber event to the point at which the appropriate experts are engaged.

    Insight

    Corporate Manslaughter &
    Management Liability

    Nearly 10 years after the introduction of The Corporate Manslaughter and Corporate Homicide Act 2007 (the “Act”) was introduced, it’s possible to reflect and measure the impact on the management liability landscape.

    10th Floor
    Chancery Place
    50 Brown Street
    Manchester
    M2 2JG

    0161 241 3550
    enquiries@mprunderwriting.com

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    MPR are Chartered Insurance Underwriting Agents

    MPR Underwriting Limited is a company incorporated in England and Wales. Registered Address: 10th Floor, Chancery Place, 50 Brown Street, Manchester, M2 2JG. Company Number: 10529758. Authorised and regulated by the Financial Conduct Authority.

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