XS Direct's UK MGA stops writing new business

XS Direct Insurance Brokers revealed that its managing general agent (MGA) arm stopped accepting new business on 7 January.

The Dublin-based broker acted as an MGA in the UK on behalf of Calpe Insurance Company, Watford Insurance Company Europe and Alwyn Insurance Company.

According to a press statement released by XS Direct, the agency agreements with the insurers have not been renewed for a further term, and therefore the company has decided to no longer accept new business.

Moreover, its

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