Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker
Jan 9 2020 // Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the U.K., announced it acquired AEC SpA, a Lloyd’s coverholder, broker, third...
Nexus Specialty to Offer Admitted Trade Credit Products through Crum & Forster
Jan 7 2020 // Nexus Specialty Inc., part of MGA Nexus Group, has formed a new program agreement with Crum & Forster that allows Nexus to underwrite their trade credit products on a fully admitted basis in the U.S. Nexus Specialty...
Digital MGA Clearcover Raises $50M; Plans on Entering More States, Becoming Carrier
Jan 6 2020 // Clearcover, a digital managing general agent focused on auto insurance, said it has raised $50 million in new financing. The company said the money will be used to accelerate further national growth as well as further its...
U.K. MGA Optio Buys Political Violence and Terrorism MGA, Newbridge Risk Partners
Jan 3 2020 // Optio, the London-based MGA that comprises Ascent Underwriting, Cove Programs and broker Bay Risk Services, announced it has acquired specialist political-violence and terrorism MGA Newbridge Risk Partners from Castel...
Program Underwriters Seek ‘New, New’ Spaces While Administrators Embrace Insurtech
Dec 31 2019 // Fueled by efficiencies introduced by insurtechs and underwriters’ interest in niche classes, the insurance program business has experienced impressive growth the last few years. But heavy interest is also forcing...
Specialty Property Program Team of Blue River Underwriters Welcomes James D. Skelton
Dec 20 2019 // Atlanta, GA, December 20, 2019 — Blue River Underwriters, a Breckenridge Insurance Group company, announces the hiring of James D. Skelton, underwriter, to the specialty property program team based in Glen Allen,...
Cannabis Risk Management Group Plans to Offer Insurance Program
Dec 17 2019 // A national group offering risk management advice to the cannabis industry says it is creating a casualty insurance program to provide its members with insurance. The National Cannabis Risk Management Association (NCRMA)...
Guy Carpenter, MGA Victor to Offer Coverage to U.S. Public Entity Pools
Dec 11 2019 // Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the...
Brown & Brown to Acquire Canadian MGA Special Risk Insurance Managers
Dec 10 2019 // Brown & Brown Programs Inc. has agreed to acquire the assets of the British Columbia, Canada-based managing general agency Special Risk Insurance Managers (SRIM). The transaction is expected to close effective January...
Lisa Ebos Returns to Blue River Underwriters as SVP, Senior Underwriter of Contractors Programs
Dec 9 2019 // Atlanta, GA, December 9, 2019 — Blue River Underwriters, a Breckenridge Insurance Group company, welcomes the return of Lisa Ebos, CRIS, CPL as senior vice president, senior underwriter of the contractors’ programs...
Breckenridge Insurance Services Hires VP, Broker Christina Mertens
Dec 5 2019 // Atlanta, GA, December 5, 2019 — Breckenridge Insurance Services is pleased to announce the addition of Christina Mertens as vice president, property and casualty broker. Mertens has twenty years of insurance industry...
Wholesale Broker H.W. Kaufman Acquires UK MGA Barbican Protect
Nov 27 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Barbican Protect Ltd., as part of its continued expansion into the UK market, subject to...
Digital MGA C-Quence Joins with Insurtech Cytora to Transform Mid-Market Insurance
Nov 26 2019 // C-Quence, the digital managing general agent (MGA), and Cytora, the insurtech startup that operates an artificial intelligence-powered platform, are joining forces to “turbocharge innovation” in commercial...
Breckenridge Insurance Services Focused on Growth with Opening of Second Atlanta-Area Office and Hiring of Two VPs/Brokers John Hayes and Lisa Maize
Nov 25 2019 // Atlanta, GA, November 25, 2019 — Breckenridge Insurance Services is pleased to announce the addition of two vice presidents/brokers with the recent hiring of John J. Hayes, M.S. and Lisa P. Maize. Hayes is a nearly...
Blue River Underwriters Opens New Office in Richmond, Virginia Metro Area and Adds a Senior Specialty Property Underwriter
Nov 22 2019 // Atlanta, GA, November 22, 2019 — The specialty property program team at Blue River Underwriters, a Breckenridge Insurance Group company, welcomed Jamey Schoenhard, underwriter, to the team and opened a new office in Glen...
Mier Named President of Texas Surplus Lines Association
Nov 15 2019 // Jennifer Mier, executive vice president with AmWINS Group in Dallas, has been elected president of the Texas Surplus Lines Association. Other officers elected at the group’s 64th Annual Meeting on Nov. 11 in Austin...
Pioneer Underwriters Decides to Put Lloyd’s Syndicate 1980 into Run-Off
Nov 15 2019 // Pioneer Underwriters has decided to put its Lloyd’s Syndicate 1980 into run-off after completing an examination of “strategic and capital options for 2020.” Pioneer said it will be working with Asta, the...
Lloyd’s Broker SSL Endeavour to Launch Latin America-Focused MGA in Miami
Nov 14 2019 // Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (SSL Endeavour) will launch a managing general agent (MGA) based in Miami, and a trio of senior hires to support growth in...
How Brokers Influence Specialty Insurance Product Innovation
Nov 13 2019 // In an era of insurance transformation, where process simplification and flawless customer service are expected, innovation in policy and product is a must—especially when it comes to the non-traditional coverage aspects...
Worldwide Facilities Promotes Kitchen to President, MGA Division
Nov 6 2019 // Gary Kitchen has been promoted to president, MGA Division, at Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter. Kitchen’s insurance industry career spans...
