Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
MGA Pen Underwriting Launches Specialist Cover for UK Construction Market
Jun 27 2017 // Pen Underwriting* has launched a new product to address the UK construction industry’s wide-ranging, complex risk exposures. Backed by “A”-rated capacity from specialist insurer CNA Hardy, the single...
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Jun 22 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
In ‘Classic’ Soft Market Battle, Brokers and Carriers Attack Each Other
Jun 14 2017 // Chief executive officers of property/casualty insurance carriers and insurance brokers called each other out last week for engaging in activities they said are “classic signs of a soft market.” During a session...
MarketScout Sells Workers’ Compensation Business to Specialty Program Group
Jun 7 2017 // Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it...
Fort Worth’s InsureZone Adds Surplus Lines Rating Technology
Jun 5 2017 // Fort Worth-based InsureZone announced the release of MGA Pro, which can provide real-time surplus lines rating from 25 carriers. InsureZone purchased MGA Pro in 2016 in order to add surplus lines rating to its suite of...
A.M. Best: Outlook Stable for MGA Insurance in Dallas
May 24 2017 // A.M. Best has revised the long-term issuer credit rating (long-term ICR) outlook to stable from positive and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term ICR of “bbb” of MGA...
XDimensional Technologies Announces Expanded Capability to Support Usage-Based Insurance and Telematics
May 24 2017 // Support for Usage-Based Insurance and Telematics allow Carriers, MGAs/MGUs, Program Managers, and Wholesalers to access new market opportunities Brea, CA, May 24, 2017 – Today, XDimensional Technologies announced the XD...
MGA Globe Underwriting Launches Marine Division with UK, Int’l Focus
May 23 2017 // Globe Underwriting, the UK-based managing general agent, has announced the launch of its marine division. The five-strong team is led by Peter Rogers, head of marine, and David Dymond, head of underwriting. They will...
RSG Underwriting Managers Forms Marine Consultancy, Claims Firm
May 22 2017 // RSG Underwriting Managers (RSGUM) has formed Smooth Waters, LLC, an independent marine insurance consultancy and claims adjusting company and part of RSGUM’s growing marine practice. Smooth Waters, LLC, serves as a...
Texas Wholesale Insurance Broker LevelFirst Promotes Innocent to VP
May 17 2017 // LevelFirst, the Dallas-based wholesale broker and MGA binding facility owned by IIAT Services Co., has promoted Kate Innocent to vice president. The promotion coincides with Innocent receiving a life/health insurance...
London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley
May 10 2017 // Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance with effect from May 1, 2017. Nexus will underwrite the new line, offering...
Fidelis Sponsors MGA to Expand into Niche Specialty Reinsurance
May 2 2017 // Fidelis Insurance announced that it is further developing its niche specialty offerings by sponsoring a new managing general agent that focuses on specialty reinsurance. Fidelis said it will be providing investment and...
MGA Pen Underwriting & Markel Partner to Offer UK Equine Cover
Apr 27 2017 // Pen Underwriting has formed a new strategic partnership with specialist insurer Markel International to further consolidate Pen’s presence in the UK equestrian market and drive the company’s product innovation...
Texas Surplus Lines Stamping Office Names 3 New Board Members
Apr 25 2017 // The Surplus Lines Stamping Office of Texas (SLTX) announced three new members have been appointed to its board of directors. These individuals are part of a nine-member board appointed by the Texas Commissioner of...
MGA Nirvana Targets Media, Technology & Cyber Risks on Castel Platform
Apr 21 2017 // Nirvana Risk Partners has launched as an underwriting cell on Castel Underwriting Agencies’ MGA formation platform, targeting media, technology and cyber liability risks. Nirvana will underwrite risks for small and...
New AXIS Insurance Management Liability Policy Targets Private Companies
Apr 13 2017 // AXIS Capital Holdings Limited’s AXIS Insurance has launched AXIS Privatus Platinum, a new modular management liability policy designed to offer flexible insurance options for managing the changing needs and risks...
UK MGA Plum Launches High Net Worth Home Cyber Cover
Apr 7 2017 // Plum Underwriting, the London-based specialist home insurance managing general agent, announced the launch of cyber and data risks cover embedded within high net worth (HNW) and mid net worth (MNW) home insurance products...
Texas MGA MD Jensvold Adds Louisiana Office, New Team Members
Apr 6 2017 // Texas-based full service independent managing general agency and surplus lines broker, MD Jensvold & Co. Inc., has opened a location Shreveport, Louisiana, and added three new members to its team. John Hellyer joins...
Expect Another Active M&A Year with Tech Gaining Interest, Says Conning
Apr 6 2017 // Signs point to 2017 being another year of “robust” mergers and acquisitions, thanks in part to a number of ongoing industry trends and a current government climate that show no sign of letting up, Conning said...
Paragon Insurance Holdings in Connecticut Hires Faust as CFO
Apr 4 2017 // Paragon Insurance Holdings LLC (Paragon), an Avon, Conn.-based multi-line specialty program manager, has added Justin Faust to the Paragon executive management team as Chief Financial Officer. “Justin will lead...
