Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
ANV Launches Miscellaneous Professional Liability Program in U.S.
Jul 27 2015 // ANV Underwriters, the international managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new North America Miscellaneous Professional Liability (MPL) product and team. The new...
DUAL Acquires Oliva Underwriting, UK-based MGA
Jul 24 2015 // DUAL, the underwriting arm of the Hyperion Insurance Group, announced it has acquired Oliva Underwriting, the UK-based MGA specializing in property & casualty, contractor trades and marine insurance. The acquisition...
Carriers See Growth Ahead in Specialty Insurance Program Market: Survey
Jul 16 2015 // The outlook is good for the specialty insurance program market, with carriers looking more favorably on smaller accounts, single state programs and startups, according to a new survey. Carriers see the program...
JLT’s Thistle Insurance Appoints Williams as Managing Director, Robinson as COO
Jul 7 2015 // Thistle Insurance Services Limited, part of Jardine Lloyd Thompson Group plc, the UK-based provider of insurance, reinsurance and employee benefits-related advice, brokerage and associated services, announced two key...
Alliant Insurance Services Acquires Preferred Concepts in New York
Jul 2 2015 // Specialty insurance brokerage Alliant Insurance Services announced today it has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter and...
Castel Appoints Nugent Chief Underwriting Officer to Prepare New MGA Cells
Jul 1 2015 // UK-based Castel Underwriting Agencies, the club-style MGA formation platform, has appointed James Nugent as its first chief underwriting officer. He joins Castel from Amlin where he was head of underwriting performance and...
Web Services Turns Hit Ratios Upside Down for Surplus Lines MGA.
Jun 30 2015 // Dallas, TX, June 30 2015–To use a baseball metaphor, Texas All Risk General Agency (TAR) is batting .725 with Atlantic Casualty Insurance Company at the mid-year point. According to TAR VP David Day, “With the All...
Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform
Jun 24 2015 // Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets. The new underwriting cell will be focused on the...
Texas All Risk General Agency, Inc.’s Technology Brings Growth in Houston
May 28 2015 // Dallas, TX, May 28, 2015 – Following 3 years of exceptional results in personal lines, Texas All Risk General Agency, Inc. is again expanding it’s homeowners/dwelling fire aggregate in the Greater Houston...
Incoming President Ware Talks About Canadian Expansion & Why AAMGA Is More Than MGAs
May 18 2015 // The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada. The Canadian organizations sought to become part of the...
Outlook for Dallas-Based MGA Insurance Revised to Positive
May 15 2015 // A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of MGA Insurance Co. Inc. (MGA) in Dallas and affirmed its ICR of “bbb.” Concurrently, A.M. Best has affirmed the...
Texas All Risk General Agency, Inc. Awarded Exemplary Agent by Nautilus Insurance Group
Apr 29 2015 // Dallas, TX, April 29, 2015 – Texas All Risk General Agency, Inc. has been awarded the rare distinction “Exemplary Agent” by Nautilus Insurance Group (a W. R. Berkley Company). Nautilus gives this...
Michigan Insurance Wholesaler J.M. Wilson Promotes Van Niman
Apr 22 2015 // Portage, Mich.-based managing general agency and surplus lines broker, J.M. Wilson, has promoted Dawn Van Niman who will be serving multiple roles as accounting and finance associate, agency coordinator assistant, and...
Paragon Insurance Hires Roppelt to Lead Construction Division in Connecticut
Apr 21 2015 // Paragon Insurance Holdings LLC., a managing general agency based in Avon, Connecticut, hired Randy Roppelt as president of the Construction Division. Prior to joining Paragon Insurance, Roppelt was president and chief...
Merger & Acquisition Activity Continues to Climb
Apr 20 2015 // Acquisition activity for the first quarter of 2015 reached 90 deals, a record for the first three months of the year. We saw the same number of transactions announced during the fourth quarter of 2014, typically the most...
Nonstandard Auto Insurance Market Is Not For Everybody
Apr 13 2015 // The nonstandard auto market is not for every carrier or agency. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many have struggled to maintain market share. But...
Texas-Based Energy MGAs Partner with Wild Well Control for Pollution Control
Apr 8 2015 // Houston-based upstream oil and gas energy managing general agent (MGA), J.H. Blades & Co. Inc., Swett & Crawford’s Dallas energy team and the recently-acquired Burke Daniels Inc., have joined forces with Wild...
Ryan Specialty Group Launches New MGU Windward Specialty
Apr 7 2015 // RSG Underwriting Managers (RSGUM) has launched Windward Specialty, a new managing general underwriter. Windward Specialty will underwrite a range of property risks exclusively through wholesale insurance brokers. The new...
New MGA Backed by CGSC Offers Miscellaneous E&O
Apr 1 2015 // CGSC North America has launched STATPro Underwriters, a managing general agency serving the Miscellaneous Professional Liability insurance market STATPro provides underwriting exclusively via Swett & Crawford wholesale...
Hamilton Completes Sportscover Acquisition; O’Donohoe is MGA CEO
Apr 1 2015 // The Bermuda-based Hamilton Insurance Group has completed the acquisition of Sportscover Underwriting Limited, the Lloyd’s managing agent for Syndicate 3334, and Kinetic Insurance Brokers Limited, a Lloyd’s...
