Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd.
May 13 2021 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd. ArgoGlobal is providing $25 million in underwriting capacity to...
Specialist Risk Group Buys Dublin-Based MGA, Blackrock Insurance Solutions
May 13 2021 // Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of specialist Irish liability and property managing general agent (MGA), Blackrock Insurance Solutions. Financial details of...
MGA Pouch Debuts With ILS Capital Backing, Telematics for Small Commercial Fleets
May 13 2021 // Pouch, an insurtech MGA using telematics to reward small businesses for safe driving, disclosed it has raised some initial financing that will help accelerate its launch into the commercial auto insurance market. ILS...
California MGU Foresight Expands Commercial Property Offerings
Apr 30 2021 // San Francisco-based Foresight Risk & Insurance Services is offering new commercial property insurance lines coverages including inland marine, contractors equipment and builders’ risk, which will be offered as a...
London MGA Optio Acquires Nuclear Insurance Specialist MGA Northcourt
Apr 29 2021 // LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum. Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property...
London’s NuVenture to Support MGAs with Funding,Technology
Apr 26 2021 // A new London-based business is promising to support a diverse portfolio of managing general agencies (MGAs) with resources, as well as back office services and custom technology. NuVenture International Ltd., formed by...
Canadian MGA GroupAssur Merges with Evolution Insurance
Apr 21 2021 // GroupAssur, a Canadian managing general agent (MGA), specializing in property/casualty insurance lines, announced it has merged with Evolution Insurance, an MGA and wholesaler specializing in complex risks that offers its...
Applied Underwriters Finalizes Acquisition of UK MGA Concept Special Risks
Apr 15 2021 // Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks (CSR), after receiving regulatory approval. Financial details of...
Towerstone Acquires Ohio Wholesale Insurance Broker Jacobs & Associates
Apr 8 2021 // Towerstone, a Dallas-based wholesale insurance division of IMA Financial Group, has acquired Jacobs & Associates, a general agent and excess and surplus lines broker based in Strongsville, Ohio. The transaction was...
Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions
Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro. London-based Hiro has developed a home insurance product that...
AM Best Plans to Assess MGAs, Other Delegated Authority Entities
Apr 5 2021 // With the volume of premium generated by managing general agents and other delegated underwriting authority enterprises (DUAEs) rocketing skyward in recent years, AM Best has decided it is time to deliver assessments of...
Assessing Delegated Underwriting Authorities, MGAs: AM Best Explains
Mar 18 2021 // Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general underwriters, program...
AM Best Plans to Assess MGAs, Other Delegated Authority Entities
Mar 17 2021 // With the volume of premium generated by managing general agents and other delegated underwriting authority enterprises (DUAEs) rocketing skyward in recent years, AM Best had decided it is time to deliver assessments of...
Specialist MGA CFC Acquires Australian Cyber Security Firm, Insane Technologies
Mar 17 2021 // CFC, a specialist managing general agent, announced it has acquired Insane Technologies, an Australian cyber security and incident response provider. Financial details of the transaction were not disclosed. The deal is...
Porch Group to Acquire Texas MGA/Insurer, Homeowners of America
Mar 8 2021 // The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA). Under a merger agreement, Porch will...
UK Broker, Specialist Risk Group, Acquires MGA CLS Risk Solutions
Mar 5 2021 // Specialist Risk Group (SRG), a London-based insurance broker, has agreed to acquire CLS Risk Solutions (CLS RS), subject to regulatory approval. Financial details of the acquisition — its fourth so far this year...
Brit Combines Ambridge and BGSU to Create U.S. MGA
Mar 4 2021 // Brit Ltd. said it will merge its U.S. service company platform, Brit Global Specialty USA, and its managing general agency Ambridge. The combined entity, which will operate under the Ambridge brand as Ambridge Partners...
Toronto Specialty MGA Merlin Rebrands as TruStar
Mar 2 2021 // Merlin Underwriting, a Toronto-based managing general agent (MGA), has rebranded as TruStar. TruStar is an independently owned MGA offering specialty insurance across the commercial, professional and financial line...
D&O-Focused MGA, Rising Edge, to Launch in 1st Half
Feb 26 2021 // Rising Edge, a London-based managing general agent (MGA), writing directors’ and officers’ (D&O) insurance, is set to launch in the first half of 2021. The new company will be led by Chief Executive Officer...
Specialty Lines MGA Ensurance Completes New Capacity Deal with AXA
Feb 19 2021 // Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its core construction and engineering products. AXA replaces Swiss Re as the MGA’s main...
