Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay
Aug 22 2022 // At-Bay, the San Francisco-based insurtech and managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance...
MGA Euclid Transactional Opens Stockholm Office
Aug 18 2022 // Euclid Transactional, a New York City-based managing general agent that specializes in transactional insurance underwriting, announced the opening of a Stockholm office, which will be led by Vice President Willy Edholm...
BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
Aug 11 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows...
Tadikonda Replaces Edmundson as CEO of Cyber MGA Corvus
Aug 10 2022 // Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson. Edmundson will assume the new role of executive chair and chair of the board of Corvus....
MGA Incubator NuVenture Launches Product Recall MGA BluNiche
Aug 4 2022 // NuVenture International, which incubates and supports managing general agents (MGAs) in the UK insurance markets, has announced the launch of its third MGA, product recall insurance specialist BluNiche. BluNiche was...
Jensten Group Acquires UK MGA Origin UW
Aug 2 2022 // The Jensten Group, the London-based independent insurance broking group, has completed the acquisition of Origin UW Ltd., following regulatory approval. Origin UW is a boutique managing general agent that provides...
Fidelis’ Credit Ratings Under Review After Announcing Plan to Create MGU: AM Best
Aug 1 2022 // AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Fidelis Insurance Bermuda Ltd., Fidelis...
Are MGAs Winning the Insurance Talent War?
Aug 1 2022 // With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the managing general agency (MGA) model attracts...
Medicare Open Enrollment Season: Best Practices for Carriers, Agencies, and MGAs/MGUs
Jul 27 2022 // This post is part of a series sponsored by AgentSync. With pumpkin spice lattes nigh, we can nearly smell the coming of a very busy time of year for carriers, agencies, MGAs/MGUs. Yes, you guessed it, we’re talking...
People Moves: Howden RE Hires Former Carpenter Exec Thienel to Launch German Unit; MGA Alta Signa Appoints Kisters as Professional Indemnity Manager, Netherlands
Jul 26 2022 // This edition of International People Moves details appointments at the broker Howden RE and the MGA Alta Signa Europe. A summary of these new hires follows here. Howden RE Hires Former Carpenter Exec Thienel to Launch...
Fidelis to Launch New MGU That Writes More Than $3 Billion of GWP
Jul 25 2022 // Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from its existing balance sheet insurance companies. This new...
Digital Trucking MGA Koffie Raises $11M, Eyes Expansion to 10 States
Jul 20 2022 // A Brooklyn, New York-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company’s total funding to date to $15.5 million. The round...
Are MGAs Winning the Insurance Talent War?
Jul 20 2022 // With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the MGA model attracts talent. Conning listed the...
Insurtech Venture Capital Fund Seeks Digital MGA Startups for Lab
Jul 8 2022 // InsurTech Fund, a venture capital fund associated with InsurTech NY, has announced that it will be accepting applications for its first Digital MGA Lab, a three-month program focused on managing general agents. The program...
Ardonagh’s MGA Unit, Geo Underwriting, Acquires UK’s Lorega Holdings
Jul 6 2022 // Geo Underwriting, The Ardonagh Group’s MGA subsidiary, has completed the acquisition of the managing general agent Lorega Holdings Ltd. from Alcuin Capital Partners. Financial details of the transaction were not...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
Jul 4 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Vertafore Acquires MGA Systems
Jul 1 2022 // Insurance technology vendor Vertafore reports that it has acquired MGA Systems, a provider of software for managing general agencies based in Melville, New York. Vertafore said the acquisition gives its customers access to...
PCF Acquires MGA United Underwriters in Utah
Jun 30 2022 // PCF Insurance Services acquired Utah-based property/casualty managing general agent United Underwriters. United Underwriters offers agencies across the Western United States P/C MGA services and programs including...
Captives, MGAs, MGUs Contribute to Growing Cyber Insurance Market
Jun 21 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
MGA Rokstone Launches Parametric Insurance Product for Caribbean
Jun 21 2022 // Aura Underwriting, part of Rokstone, the Aventum Group’s global specialty re/insurance MGA, has announced the launch of Aura Parametric, a new Caribbean parametric product to complement its existing Lloyds Caribbean...
