The padel fever persists. New halls being built almost every month now.

The number of US MGAs has grown in recent years while unaffiliated agents have increased their share of total MGA direct premium written (DPW) by several points, AM Best has noted in an in-depth report on delegated underwriting authority enterprises (DUAEs).

Bike and phone

New Zealand-based start-up Bounce Insurance is to launch a new parametric-based Lloyd’s product to provide cover against earthquake risk, The Insurer can reveal.