Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Nexus Acquires D&O and Financial Institutions MGA Apsley Specialty
Feb 13 2018 // Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder. Financial details of the transaction were not...
Ryan Specialty Group Agrees to Buy UK P&I MGA Lodestar Marine from Tawa
Feb 13 2018 // Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA in the protection & indemnity (P&I) fixed premium marine market, from Tawa...
gotoPremiumFinance and Jetfile Answer the Demand for Instant, Paperless Insurance Billing
Feb 6 2018 // Woodland Hills, CA, February 6, 2018- gotoPremiumFinance and Jetfile Technologies, Inc. are pleased to announce the formation of a partnership that will provide the first integrated and completely paperless point-of-sale...
People
Feb 5 2018 // David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it...
Volante Launches Nordic-Focused MGA, Bridge Underwriting, Led by QBE’s Lindberg
Feb 2 2018 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Bridge Underwriting AB, a Stockholm-based specialist underwriting MGA. Bridge...
XPT Group Partners with Transportation MGA W.E. Love of North Carolina
Feb 1 2018 // XPT Group has partnered with W.E. Love & Associates (WEL), a 36-year old MGA with expertise in trucking risks. Led by John H. Love and based in Burlington, N.C., WEL offers select retail agencies direct access to...
Ryan Specialty Group Launches Latin America MGA, Capital Bay Underwriting
Jan 29 2018 // Ryan Specialty Group (RSG) has launched a Latin American-focused managing general underwriter, Capital Bay Underwriting, based in Miami. Capital Bay’s central emphasis is financial lines re/insurance products for...
Cannasure Hires Kieran O’Rourke as Director of Underwriting
Jan 29 2018 // Cannasure Insurance Services (Cannasure), a managing general agent and wholesale broker specializing in cannabis insurance, and based in Cleveland, Ohio, has hired Kieran O’Rourke to lead its MGA underwriting...
Startup Neptune Offering Digital Private Flood Product to Agents, Carriers in Nationwide Expansion
Jan 25 2018 // A digital startup private flood insurance provider, Neptune Flood, has secured $2 million in seed round funding and has plans to “aggressively expand” nationwide by offering its platform to carriers, agencies...
MGA Ascent Underwriting Acquired by Preservation Capital Partners
Jan 25 2018 // Private equity firm Preservation Capital Partners has completed its acquisition of Ascent Underwriting, the London-based cyber and specialty lines MGA, after obtaining UK regulatory approval. Ascent’s management team...
Ryan Specialty Group to Acquire New York’s Irwin Siegel Agency
Jan 24 2018 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency Inc. (ISA). Terms of the agreement were not disclosed. ISA is a human and social service managing...
Consolidation Continues: The Squeezing of Wholesale Brokers
Jan 22 2018 // Wholesale insurance brokers have been selling off their businesses and it’s not because they are all ready to retire. As in the retail agency segment, consolidation among wholesale brokerages is being driven by...
Edison Motor Launches on Volante’s New UK-Based MGA Platform
Jan 19 2018 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Edison Motor and the appointment of Steven Dickie and Doug Ockwell as joint...
JenCap Holdings to Acquire Genesee General of Georgia
Jan 18 2018 // JenCap Holdings LLC (JCH), a specialty insurance business, has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Ga. The...
Ascent Launches Allied Health Professional Liability Product
Jan 17 2018 // Ascent Underwriting, a niche-product managing general agent, has launched a professional liability product for allied health practitioners and facilities in the U.S. Ascent’s new Allied Health product includes a...
Volante Global to Launch in Q1 2018 as Multi-Class International MGA Platform
Dec 20 2017 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018, subject to Lloyd’s coverholder approvals where...
Fidelis Takes Equity Stake in New MGA Firestone Surety
Dec 15 2017 // Fidelis Insurance announced it has taken an equity stake in a new managing general agent (MGA) Firestone Surety Ltd., and will provide underwriting capacity. Details about the amount of Fidelis’ investment and...
UK MGA Plum Opens Underwriting, Support Center in Basildon, England
Dec 13 2017 // Plum Underwriting, the specialist home insurance managing general agent in the UK market, has opened an underwriting and service center as part of its strategy to support continued growth. The center, located in Basildon,...
Insurtech MGA Wrisk Gets UK Regulatory Authorization
Dec 6 2017 // On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK’s Financial Conduct...
SIS Wholesale Insurance Services Launches Online Builders Risk Program
Dec 1 2017 // Commercial lines insurance program administrator Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, has launched a new online builders risk program available in all 50 states and Washington...
