Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
ANV Global Services Raises Capacity for M&A Insurance
Aug 2 2016 // ANV Global Services Ltd, the international managing general underwriter (MGU) of global specialty insurance group ANV, has today announced an increase in its Lloyd’s underwriting capacity for mergers and acquisitions...
Online Agency Insureon Secures $3B in Capacity from Lloyd’s to Launch MGA for Small Business
Jul 25 2016 // Insureon, an online agency for small business insurance, has formed a new managing general agency (MGA), Insureon Underwriting Managers, which will operate as a division of Insurance Noodle, the company’s wholesale...
Despite Having License Revoked by 2 States, Northern Illinois Agency Continues to Operate
Jul 20 2016 // By taking advantage of legal appeals processes, an Illinois managing general agency has been able to continue operations for more than a year despite having its license revoked or non-renewed by two separate state...
Nexus Acquires Beacon, Hong Kong-Based Marine MGA
Jul 6 2016 // Nexus Underwriting Management Ltd. has acquired 100 percent of the shareholding in Hong Kong-domiciled Beacon Underwriters Ltd., a marine managing general agent. Beacon was established in 2009 as a Lloyd’s...
Security Vendors, Partnerships Offer Key to Simplifying, Selling Cyber Insurance Online: CoverHound CEO
Jun 9 2016 // CoverHound CEO Keith Moore has a vision of simplifying cyber insurance sales that involves underwriting the security vendors used by insureds—a model that could ultimately allow small business customers to bind their...
Wiggins Joins MGA-Focused Holding Company, DOXA, in Indiana
Jun 7 2016 // Fort Wayne, Ind.-based DOXA Insurance Holdings LLC (DOXA) has named Timothy Wiggins as chief operating officer and managing partner. DOXA, launched in April 2016, is a holding company focused on managing general agents...
Nexus Signs 3-Year Capacity Deal with XL Catlin to Write Financial Lines in Asia
May 31 2016 // Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE. Through its new branch based in Hong Kong,...
AAMGA’s Incoming President Levy Talks About Challenges, Opportunities
May 23 2016 // For 90 years the American Association of Managing General Agents (AAMGA) has dedicated itself to the growth and sustainability of the global specialty distribution marketplace. This year’s incoming AAMGA president,...
Fry Promoted to Senior VP Specialty Programs at QBE North America
May 12 2016 // QBE North America said it has promoted Erin Fry to senior vice president and underwriting leader for its Specialty Programs division. Fry will be responsible for the strategic underwriting plan for QBE specialty products...
K2 Acquires MGA; Launches Comp, Accident Programs with QBE
Apr 18 2016 // Program specialist K2 Insurance Services (K2) has acquired New Jersey-based High Point Underwriters, a managing general agency (MGA) specializing in workers’ compensation alternatives. K2 also launched a nationwide...
Verisk Opens Commercial Property Data to MGAs, Program Managers
Apr 15 2016 // Verisk Insurance Solutions said it is making its data for loss estimating of commercial properties available to managing general agents (MGA), managing general underwriters (MGU), and program administrators and others in...
Specialty Insurance Veteran Launches MGA Holding Company: DOXA
Apr 12 2016 // A group of investors led by Matthew Sackett, former senior vice president of national sales for K&K Insurance and former president and CEO of Leisure Sports Specialists, has announced the formation of DOXA Insurance...
London MGA, Pardus, Raises £1.6M ($2.3M) to Facilitate Next Phase of Growth
Apr 7 2016 // Pardus, the London-based independent managing general agency (MGA), announced the completion of a £1.6 million ($2.3 million) capital raising, which attracted a variety of new private investors into the business. Pardus...
Antares Lloyd’s Syndicate Partners with Iron-Starr, Ironshore’s Bermuda MGA
Apr 7 2016 // Ironshore Inc. announced that Antares Syndicate 1274 at Lloyd’s will join as a subscribing insurer for Bermuda-based Iron-Starr Excess Agency Ltd. Iron-Starr is a managing general agency (MGA), which underwrites...
K2 Insurance Acquires MGA, Launches Workers’ Comp, Accident Program with QBE
Apr 4 2016 // Program specialist K2 Insurance Services (K2) has acquired a New Jersey managing general agency specializing in workers’ compensation alternatives and also launched a nationwide workers’ compensation program...
BB&T Completes Acquisition of Swett & Crawford
Apr 4 2016 // BB&T Corp. said it has completed its acquisition of wholesale insurance and reinsurance broker CGSC North America (Swett & Crawford) from Cooper Gay Swett & Crawford. North Carolina-based BB&T said it...
AmWINS’ MGA Unicorn Names Nightingale as CEO, Cashen as Motor Fleet U/W
Mar 30 2016 // Charlotte, N.C.-based broker AmWINS Group Inc. announced the appointment of Darren Nightingale as chief executive officer of its London-based managing general agent, Unicorn Underwriting. Nightingale will be joined by...
Blue River Underwriters Expands Auto Dealer Program Nationally With Acquisition of Platinum Program Managers and Insurance Services
Mar 30 2016 // Atlanta, GA, March 30, 2016 — Blue River Underwriters, a Breckenridge Insurance Group company, has acquired California-based wholesale commercial auto insurance provider Platinum Program Managers and Insurance Services....
AmWINS Gets Backing for Unicorn MGA from Berkshire Hathaway International
Mar 29 2016 // U.S.-based global insurance distributor AmWINS Group Inc. announced it has secured backing from AA+ rated Berkshire Hathaway International Insurance Ltd. for its London-based managing general agent (MGA), Unicorn...
Former U.S. Security Specialist’s MGA Ridge Global Tackling Cyber Risks
Mar 23 2016 // It may be surprising to some that a former governor and head of National Security started an insurance company focused on cyber risk, but Tom Ridge, president and CEO of Ridge Global says it shouldn’t...
