MPR Update - October 2019 - MPR Underwriting

News

MPR Underwriting Updates

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. .

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.

Other Insights you may be interested in

> D&O – do you need to run off?

> Insured Capacity – does it come with guarantees?

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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.

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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.