Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Aviva to Acquire Canadian Vehicle Replacement MGA Optiom for Circa £100m
Nov 27 2023 // Aviva plc announced the acquisition of Optiom O2 Holdings Inc. from Novacap and other minority shareholders for a consideration of approximately £100 million (US$126 million). Calgary, Canada-based Optiom, which operates...
People Moves: SiriusPoint Taps RSA’s Hardy as Director of Sales & Distribution, Int’l; Pro MGA Global Solutions Names Martin Døhlen as MD of European Platform
Nov 15 2023 // This edition of International People Moves details appointments at SiriusPoint and Pro MGA Global Solutions. A summary of the new hires follows here. SiriusPoint Taps RSA’s Hardy as Director of Sales &...
Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy
Nov 9 2023 // Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has...
Goldman Sachs Asset Management Acquires Indiana-Based MGA DOXA Insurance Holdings
Nov 8 2023 // DOXA Insurance Holdings announced it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management. The Fort Wayne, Indiana-based MGA said the investment will help fuel its ongoing acquisition...
People Moves: Howden Tiger Taps Zurich’s Bertagna to Lead MGA Reins. Unit in Europe; Miller Names Bisbas as Chair of Marine Mutual Reins., Head of Mutual War
Nov 7 2023 // This edition of International People Moves details appointments at the brokers Howden Tiger and Miller. A summary of these new hires follows here. Howden, the London-based insurance group, announced the appointment of...
Travelers to Buy Cyber MGU Corvus for $435 Million
Nov 3 2023 // The Travelers Companies today said it has agreed to buy cyber managing general underwriter Corvus Insurance Holdings, Inc. for about $435 million for its middle-market excess and surplus lines presence. “This...
Ryan Specialty Acquires Illinois MGU AccuRisk
Oct 31 2023 // Ryan Specialty announced it has signed a definitive agreement to acquire AccuRisk Holdings, LLC, a medical stop loss managing general underwriter. AccuRisk is headquartered in Chicago, Illinois and was founded in...
Re/insurer SiriusPoint and MGA Banyan Risk Extend Capacity Relationship
Oct 27 2023 // SiriusPoint Ltd., the specialty insurer and reinsurer, and managing general agent Banyan Risk Ltd. announced an extension of their capacity partnership. The deal extends for three years the Bermuda-based companies’...
Markets/Coverages: USQRisk Starts Corporate Cyber MGA
Oct 25 2023 // USQRisk, the international managing general agent specializing in alternative risk transfer solutions, has announced the launch of Pera, a managing general agent providing cyber and blended cyber and technology E&O...
Markel Takes Minority Stake in UK-Based Tax MGA
Oct 20 2023 // Markel, the insurance operation within Markel Group Inc., announced a 49% strategic investment in Certa Insurance Partners, the London-based specialist tax MGA. This move will accelerate the UK-based tax specialist’s...
Fidelis MGU and Castlelake Launch Aviation-Focused ‘Itasca MGA’
Oct 12 2023 // Pine Walk Capital Ltd., a specialist MGA platform and wholly owned subsidiary of specialty re/insurer Fidelis MGU, and Castlelake L.P., a global alternative investment manager, announced the launch of an aviation-focused...
Markets/Coverages: Irish MGA iSure Launches Professional Indemnity Facility
Oct 10 2023 // iSure, the specialist SME managing general agent in Ireland, part of the re/insurance MGA Rokstone, has announced the launch of a professional Indemnity (PI) facility with a €2 million primary and a €3 million excess...
Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches
Oct 5 2023 // Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management...
MGA Skyrisks Officially Launches With Investment, Capacity From Convex Group
Oct 3 2023 // Skyrisks Ltd., the London-based MGA and specialist in the advanced air mobility (AAM) sector, has officially launched with capacity and a cornerstone investment from Convex Group, the specialty re/insurer. Financial...
Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs
Sep 29 2023 // Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs). With its...
New MGA in Florida Shows More Growth in Private Flood Market
Sep 28 2023 // The private flood insurance market continues to expand, with a new managing general agent starting up in Florida. Titan Flood Inc., based in Tampa, is being launched by Stephanie Lee, the co-founder and chief operating...
Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations
Sep 27 2023 // Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim of bringing weather intelligence into its risk calculations. Loadsure...
MGA iprism Purchases Property-Focused MGA, SK Underwriting
Sep 25 2023 // iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an undisclosed amount. Kent, England-based SK Underwriting was...
Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder
Sep 20 2023 // Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4...
SiriusPoint Announces MGA Partnership with Nordic Marine Insurance
Sep 19 2023 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded in 2012, Nordic Marine is a managing general agent that...
