Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Howden’s Motor Specialist MGA KGM Underwriting Acquires UK Motor MGA Eridge
Apr 1 2022 // KGM Underwriting Services, a UK specialist motor insurer and subsidiary of Howden Group, announced the acquisition of Eridge Underwriting Agency, a managing general agent (MGA) that focuses on specialist and higher-rated...
People Moves: Faylo New U.S. Cyber & Tech Leader at Lockton; Big ‘I’ Names Boggs VP of Agent Development; MGA Falcon Hires 3 Senior Leaders
Mar 31 2022 // Lockton appointed Michelle Faylo as its U.S. Cyber & Technology Leader. Faylo will lead Lockton’s team of skilled cyber specialists, delivering innovative and effective solutions to global businesses that face...
Occam Completes Purchase of Terrorism-Specialist MGA Beech Underwriting
Mar 31 2022 // Occam Underwriting, the specialist lines managing general agency (MGA), announced it has completed the acquisition of Beech Underwriting Agencies Ltd. having received the required approval from the Financial Conduct...
People Moves: TigerRisk Boosts Delegated Authority Offering; Mosaic Expands M&A Liability Team With 4 Hires; MGU Carbon Names Chubb’s Turner as Property U/W
Mar 30 2022 // This edition of International People Moves details appointments at broker TigerRisk Partners, Mosaic Insurance and MGU Carbon Underwriting. A summary of these new hires follows here. TigerRisk Partners LLC, a leading risk,...
Acrisure Acquires MGA Platform Volante Global From Markel’s Nephila
Mar 23 2022 // Acrisure, the Grand Rapids, Mich.-based financial services and insurance brokerage firm, announced it is acquiring Volante Global, a multi-class, multi-territory international managing general agent (MGA). Headquartered in...
‘Essential’ MGAs, Other DUAEs Face Inflation, Staffing Pressures
Mar 21 2022 // Taking a deep dive into the world of managing general agents and other delegated underwriting authority enterprises, AM Best reports that premiums generated by DUAEs are climbing, and interest in MGA acquisitions remains...
Insurtech MGA Loadsure Raises $11M to Expand Cargo Insurance Technology Platform
Mar 11 2022 // Insurtech MGA Loadsure announced that it closed its $11 million Series A funding round, led by MMC Ventures. Other investors included Crowley, a global maritime, energy, and logistics company, and existing investor...
Re/Insurance Group Aventum Acquires Actuarial Consultant Mulberry Risk
Mar 7 2022 // Aventum, the London-based re/insurance group, has acquired Mulberry Risk, a boutique consultancy providing actuarial, analytical, exposure and capacity management services to MGAs. Financial details of the acquisition were...
‘Essential’ MGAs, Other DUAEs Face Inflation, Staffing Pressures
Mar 4 2022 // Taking a deep dive into the world of managing general agents and other delegated underwriting authority enterprises, AM Best reports that premiums generated by DUAEs are climbing, and interest in MGA acquisitions remains...
It’s Time to Think About the Future of Producer Management
Mar 2 2022 // This post is part of a series sponsored by AgentSync. The insurance industry is riding a wave of insurtech and other digital advancements because there is a dire need to transform manual processes that have long hampered...
For Omaha National Workers’ Comp Provider, Happiness Is Key to Hiring
Feb 28 2022 // When Omaha National president and CEO Reagan Pufall thinks back to how COVID-19 has affected recruiting and hiring at the workers’ compensation insurance provider, his main verdict is: not much. The key...
Texas MGA Sensa to Debut Personal Auto Insurance Offering
Feb 24 2022 // Austin Texas-based MGA Sensa has partnered with Incline P&C Group to provide their personal auto insurance offering. Sensa will act as an MGA to offer its product through a network of appointed retail brokers and...
Startup MGA Rising Edge Targets Low-Layer D&O Business
Feb 24 2022 // The co-founders of London-based Rising Edge aimed to create something different when they decided to launch a managing general agent in 2021, which focuses solely on directors and officers liability insurance. CEO Philippe...
Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd.
Feb 23 2022 // Nexus Underwriting Management Ltd. (NUML), the London-based specialty managing general agent and intermediary, announced it will be renamed Kentro Capital Ltd. Nexus Underwriting (Nexus), the specialty MGA, and Xenia...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters
Feb 18 2022 // This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A summary of these new hires follows here. AXA XL to Promote De Rosa to...
Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine
Feb 17 2022 // Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based managing general agent (MGA), wholly owned by its founders and...
Preventing Burnout at Your Insurance Agency, Carrier, or MGA/MGU
Feb 16 2022 // This post is part of a series sponsored by AgentSync. There’s no beating around the bush, the past two years have been rough to say the least. We are now almost 24 months into the pandemic and daily coronavirus cases...
People Moves: Fairfax Financial Promotes Clarke to President; AXA XL Names Lee as Head of Claims, Canada; Zurich’s Price Joins SiriusPoint as Head of Travel A&H
Feb 14 2022 // This edition of International People Moves details appointments at Fairfax Financial Holdings, AXA XL and SiriusPoint Ltd. A summary of these new hires follows here. Fairfax Financial Holdings Promotes Clarke to...
AgentSync Asking MGAs to Take Poll
Feb 9 2022 // This post is part of a series sponsored by AgentSync. Personal ask: Please take our poll. MGAs don’t always get a lot of love, and we at AgentSync are trying to change that. The last year was one of mind-expanding...
MGA Aqueous Secures New Professional Indemnity Capacity From Great American Int’l
Feb 1 2022 // Aqueous Underwriting has secured increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in 2022. The specialist managing general agent can now offer cover for limits up...
