Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Aon Names Matson to Lead New Global Portfolio Broking Team
Jul 5 2018 // Andrew Matson has been named leader of Aon’s newly formed Global Portfolio Broking team – a Reinsurance Solutions unit. Aon said the unit “will build on the success of established pioneering facilities, while...
Momentum for Rate Hikes Dissipates During June/July Renewals: Willis Re Report
Jul 2 2018 // Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined, according to a report published by Willis Re. For example,...
AFL Insurance Brokers Acquires Majority Stake in Employer Protection MGA
Jul 2 2018 // AFL Insurance Brokers Ltd. has acquired a controlling stake in specialist employer protection managing general agency (MGA) Concordia Employment Services Ltd., for an undisclosed sum. London-based Concordia was launched in...
Folgate Insurance Co. Gets UK License to Write Re/Insurance Business
Jun 27 2018 // Folgate Insurance Co. Ltd. has received approval from the UK’s Prudential Regulation Authority (PRA) to start writing primary insurance, as well as reinsurance. All business written through Folgate will be...
Fidelis’ MGA Firestone Rebrands to Oakside
Jun 25 2018 // Fidelis Insurance announced it has rebranded its managing general agent (MGA), Firestone Surety Ltd., to Oakside Surety Ltd. London-based Oakside is focused on the small and medium-sized enterprises sector of the surety...
Connecticut’s Paragon Insurance Holdings Hires Fuller
Jun 21 2018 // Paragon Insurance Holdings LLC, a national, multi-line specialty managing general agency (MGA) based in Avon, Conn., has hired Tonya Fuller as vice president of its Winery and Brewery division. Additionally, Ashley...
Insurtech MGA Corvus Insurance Launches ‘Smart’ Cyber Coverage
Jun 18 2018 // Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a...
Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’
Jun 18 2018 // Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion,...
Texas Insurance Wholesalers Find Strength in Independence, Relationships
Jun 15 2018 // There’s no denying the robust mergers and acquisition trend among wholesale brokers in the property/casualty insurance industry nationwide, and Texas is no exception. But some Texas wholesale brokers and managing...
UK MGU StartPoint Taps Liberty Specialty’s Selby to Lead Financial Institutions Team
Jun 15 2018 // London-based managing general underwriter StartPoint Executive Risks has appointed Mark Selby as head of its newly created financial institutions underwriting practice. The FI practice is a complement to the current...
MGA Volante Obtains US$900M in Capacity to Support 9 Global Underwriting Teams
Jun 14 2018 // Volante Global Ltd., the new international managing general agent (MGA) platform, has successfully secured a US$900 million gross premium, multi-class, multi-territory “A+” capacity treaty agreement. The...
Arthur J. Gallagher & Co. Announces Acquisition of New York’s H.R. Keller & Co.
Jun 13 2018 // Arthur J. Gallagher & Co. has announced the acquisition of Buffalo, N.Y.-based H.R. Keller & Co. Inc. Terms of the transaction were not disclosed. H.R. Keller & Co. Inc.’s Eric Keller, Andrew Coric and...
Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK
Jun 11 2018 // European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an...
Breckenridge Insurance Services Hires Commercial Insurance Cyber Specialty Broker Ashley Holtz
Jun 8 2018 // Ashley Holtz Atlanta, GA, June 8, 2018 — Breckenridge Insurance Services is pleased to announce Ashley Holtz has joined the wholesale brokerage team as assistant vice president and broker. Holtz brings additional cyber...
Profile: Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’
Jun 7 2018 // Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion, Victor has...
Arthur J. Gallagher Closes Acquisition of Texas MGA, Pronto Insurance
Jun 6 2018 // Arthur J. Gallagher & Co. has completed the acquisition of Brownsville, Texas-based managing general agency (MGA), broker and claims administrator Pronto Insurance. Pronto’s primary business is the placement of...
Risk Strategies Acquires Cincinnati Intermediaries
Jun 4 2018 // National insurance brokerage and risk management firm, Risk Strategies, has acquired Ohio-based Cincinnati Intermediaries LLC, a specialty wholesale brokerage and managing general underwriter (MGU) focused on professional...
People
Jun 4 2018 // Smart Choice has named Chris Reisdorf, formerly of All Risks, to lead the company’s efforts in North Carolina as state director. A 25-year veteran of the insurance industry, Reisdorf has worked in a number of areas...
Some Texas Insurance Wholesalers Find Strength in Independence
Jun 4 2018 // There’s no denying the robust mergers and acquisition trend among wholesale brokers in the property/casualty insurance industry nationwide, and Texas is no exception. But some Texas wholesale brokers and managing...
Breckenridge Insurance Services Promotes Two Senior Team Members
May 31 2018 // Atlanta, GA, May 31, 2018 — Breckenridge Insurance Services recently promoted two senior team members within the wholesale brokerage team. Trevor Pierce is now the division vice president and managing broker of multiple...
