MGA Arkel secures £120m AmTrust capacity

Specialist managing general agent Arkel has secured an increased limit of £120m gross written premium of A-rated capacity with AmTrust over the next three years for non-standard household insurance. Part of the Atec Group, the MGA specialises in personal lines, residential and commercial products. The deal takes Arkel’s total annual capacity to £65m GWP. Having … Read more

PUMA makes tracks to cloud-based telephony on Microsoft Teams

Looking to simplify management, cut costs and ready its business operations for a global shift to cloud-first collaboration as it consolidates its voice infrastructure, sports brand PUMA has embarked on a programme to deliver in-country public switched telephone network (PSTN) replacement and localised support, replacing legacy systems with a fully integrated Microsoft Teams installation. … Read more

Monzo’s £21m fine highlights banks’ cyber security failures

Monzo’s recent £21m fine over customer verification failures highlights the cyber security and privacy shortcomings of popular personal finance apps and the importance of good cyber hygiene, experts have said.  The UK’s Financial Conduct Authority (FCA) recently determined that, between October 2018 and August 2020, the challenger bank lacked sufficient “anti-financial crime systems and … Read more