Best Read Insurance Wholesale Headlines
Headlines from our Insurance Wholesale Topic Page with the most time spent reading.
#1 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...
#2 Do Regulators, Insureds and Agents Understand How Reciprocal Carriers and Some New MGAs Work?
Jan 22 2024 // I recently read an article regarding how the U.S. Senate wants to investigate how well reserved Florida Citizens is because of their expressed concern that if a large hurricane destroys enough property insured by Florida...
#3 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...
#4 People Moves: Starr Names Chen CEO of Starr Singapore; Arch Re Announces 4 Executive Promotions; Fidelis MGU Boosts Underwriting Team With 6 Promotions
Aug 30 2023 // This edition of International People Moves details appointments at Starr Insurance, Arch Reinsurance and Fidelis MGU. A summary of these new hires follows here. Starr Names Chen CEO of Starr Singapore Starr Insurance...
#5 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...
#6 Ryan Specialty Forms International Financial Lines MGU Ryan Financial Lines
Dec 13 2023 // Ryan Specialty said it has formed an international financial lines managing general underwriter (MGU), Ryan Financial Lines. This MGU is being created by unifying the operations of EmergIn Risk, led by Jamie Bouloux;...
#7 Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting
Aug 7 2023 // DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal...
#8 A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight
May 24 2024 // Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest market segment report,...
#9 Marsh Names Williamson CEO of MGU Business, Victor
Jul 27 2023 // Charles Williamson has been hired by Marsh to become chief executive officer of it global managing general underwriting business, Victor. Williamson was most recently co-founder and CEO of Vault, an MGA and reciprocal...
#10 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...
#11 MGAs and Fronting Companies: Exploring the New ‘Asset-Light’ Frontier
Sep 11 2023 // Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies wrote another $13 billion in the same year, a new report says. Reinsurance...
#12 SiriusPoint Announces Partnership with P/C MGA Eaton Gate
Aug 7 2023 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Eaton Gate, a London-based managing general underwriter (MGU), announced a new partnership. Eaton Gate writes in excess of £100 million GWP through...
#13 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...
#14 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...
#15 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...
#16 Markets/Coverages: Corvus Expands Tech E&O; K2 OCONUS Workers Comp for Government Contractors; Xceedance’s MGA Agility Suite
Feb 8 2024 // Corvus Insurance introduced a newly expanded Tech E&O product with an enhanced appetite backed by Travelers. Smart Tech E+O from Corvus provides creative risk solutions for technology businesses across the spectrum of...
#17 Devonshire Underwriting Launches MGA Specializing in Transactional Risk Solutions
Apr 2 2024 // Devonshire UW Ltd. and its affiliate Devonshire UW Europe GmbH (known collectively as “Devonshire Underwriting”) announced the launch of a managing general agent specializing in transactional risk...
#18 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...
#19 Markets/Coverages: MGA OpenRoad Enters Collector Vehicle Insurance Market
May 21 2024 // Managing general agency Open Road Insurance announced its entry into the marketplace for collector vehicle auto insurance with its first license in Texas, and plans to launch in other U.S. states later this...
#20 Markets/Coverages: E&S MGA Ledgebrook Launches Architects & Engineers Product
Jun 21 2024 // Ledgebrook, the Boston-based excess-and-surplus managing general agent, announced it will be expanding its professional lines offerings by launching an architects and engineers product with its capacity provider, the...
