Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Fidelis Takes Equity Stake, Provides Capacity, for Energy Market MGA, Kersey Specialty
Sep 21 2018 // Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy...
Worldwide Facilities to Acquire Texas Insurance Wholesaler McClelland and Hine
Sep 18 2018 // Los Angeles-based Worldwide Facilities LLC announced plans to acquire managing general agent and excess and surplus lines broker, McClelland and Hine Inc. and McClelland & Hine Trucking Underwriters LLC (collectively,...
Thomas Miller to Acquire Germany’s Zeller Associates’ MGA, Insurance Operations
Sep 17 2018 // London-based insurance provider Thomas Miller reports it has agreed to purchase the managing general agency and insurance services operations of Zeller Associates, a shipping, trade and transport insurance specialist based...
Nexus Completes Acquisition of Castel’s Aerospace MGA Altitude Risk Partners
Sep 10 2018 // Independent specialty managing general agent Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies Limited in an asset...
Auto Insurance Broker Confie Battles JC Flowers Over Failed Acquisition
Sep 7 2018 // It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II Co., an owner of auto-insurance brokerages that cater to Hispanic drivers with spotty credit, paid $100...
Randall & Quilter Forms New Unit for U.S., European Program Management Business
Sep 7 2018 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses. Accompanying this...
UK MGU Bluefin Underwriting Rebrands as Victor Insurance
Sep 5 2018 // Bluefin Underwriting, a UK-based managing general underwriter (MGU), has rebranded as Victor Insurance. The announcement follows the larger global unification and rebrand of The Schinnerer Group to Victor Insurance earlier...
Contractors and Roofing Insurance Program Webinars to be Held for Agents in September
Sep 5 2018 // Atlanta, GA, September 5, 2018— Blue River Underwriters will hold two separate informational program webinars this month. The first webinar on the Contractors Elite program this Thursday, September 6 from 11:30 a.m. to...
Canopius Signs Partnership with Credit and Political Risk MGA, Anvil Underwriting
Aug 31 2018 // Canopius announced it has signed a partnership with Anvil Underwriting Ltd., a credit and political risk managing general agent (MGA). The agreement is effective from Sept. 3 and will allow Anvil to underwrite credit...
101 Sales & Marketing Ideas for Agencies
Aug 20 2018 // 1. RTSP! Read the Stinkin’ Policy! Don’t guess about coverage. Your prospects and clients depend upon you and your knowledge. When in doubt…read the stinkin’ policy! Too often agents rely upon what...
Randall & Quilter Signs Program Underwriting Partnerships with 3 European MGAs
Aug 16 2018 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary R&Q Insurance (Malta) Ltd. has signed three new program underwriting partnerships – or fronting arrangements – with...
AmWINS Targets Marine Insurance with Creation of 2 Specialty MGAs
Aug 13 2018 // Global insurance wholesale brokerage AmWINS Group has formed two specialty managing general agencies focused on the marine industry, AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters...
Workers’ Comp Insurtech Pie Insurance Raises $11 Million
Aug 10 2018 // Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding round. The company, a full stack managing general...
QBE, Jorgensen & Company to Offer E&O Coverage to RIAs
Aug 3 2018 // QBE North America has expanded its operating agreement with Jorgensen & Co., a specialist professional liability managing general underwriter, to offer errors and omissions insurance on an admitted basis to small,...
Aspen MGA, Tower Hill Specialty Partner on Property Programs in Texas
Jul 26 2018 // Aspen Managing General Agency, a division of Atlanta-based Allstar Financial Group, has partnered with Tower Hill Specialty (THS) to offer property insurance programs in Texas. Tower Hill Specialty offers a range of...
MGA Sciemus Rebranded as Occam Underwriting, New CEO Appointed
Jul 26 2018 // Sciemus, a specialty managing general agency (MGA), is undertaking a series of changes starting with a new name, Occam Underwriting. “Taking its name from ‘Occam’s razor,’ the problem-solving...
Brown & Brown Subsidiary Acquires Texas MGA and Arkansas Affiliate
Jul 19 2018 // Texas Security General Insurance Agency LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Loving and Etheredge Inc. d/b/a Texas Commercial Insurance Facilities (TCIF) and its...
MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey
Jul 18 2018 // Managing general agents (MGAs) are increasingly interested in working with insurtech firms to enable their businesses to become more customer-centric, according to a new survey of UK MGAs. More than 42 percent of survey...
QBE, AmWINS Launch E&O Coverage for Architects, Engineers, Design Businesses
Jul 17 2018 // QBE North America has formed a partnership with AmWINS Program Underwriters (APU) to offer errors and omissions coverage for architects, engineers and design (A&E) businesses. The launch is part of QBE’s...
Industry Needs to ‘Question and Call Out’ Rogue MGAs, Says Chilton of Gallagher
Jul 17 2018 // While there’s a bright future for managing general agents that “get it right,” Grahame Chilton, CEO of Gallagher UK, warns against tolerating the few rogue MGAs who could ruin the reputation of the entire...
