Expanding On-Shore Risk Financing Options for UK Organisations

Expanding On-Shore Risk Financing Options for UK Organisations The UK government’s decision to establish a bespoke regulatory framework for captive insurers marks a significant development in the evolution of the UK risk financing landscape. With implementation anticipated in 2027 and detailed rules to follow from the PRA and FCA, the policy direction is clear: to […]

New PI Insurance Scheme Launched to Give Architects Greater Control

New PI Insurance Scheme Launched to Give Architects Greater Control Prospect Mutual Management (PMM) has launched the Architects Insurance Scheme (AIS), a new professional indemnity insurance initiative designed by architects, for architects. Architects across the UK now have access to a new PI insurance solution which aims to be tailored to the realities of running […]

Rikul Patel Appointed Head of Prospect Mutual Management

Rikul Patel Appointed Head of Prospect Mutual Management Rikul Patel has been appointed Head of Prospect Mutual Management (PMM), reinforcing the division’s continued growth and commitment to delivering innovative risk solutions across multiple industries. With over 20 years of experience in the insurance sector – 16 of which have been dedicated to business transformational change within mutual insurance […]

The Benefits of Discretionary Mutuals Compared to Higher Deductibles and Self-Insurance

The Benefits of Discretionary Mutuals Compared to Higher Deductibles and Self-Insurance Article by David Gudopp. When considering how to manage risk, businesses often weigh the option of self-insurance or increasing deductibles on commercial insurance. However, using a discretionary mutual can offer unique advantages that outshine these more traditional methods. In this article, we’ll explore why […]