Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Cyber MGA Resilience Forms Captive Insurer in Bermuda
Feb 1 2022 // Cyber insurance and security provider Resilience Cyber Insurance Solutions has created a captive reinsurance company. Through the Bermuda-based captive, Resilience will retain a share of each risk it underwrites. CJ...
MGA Pen Underwriting Forms 2 New Capacity Deals With QBE Worth £300M
Jan 24 2022 // Pen Underwriting announced two new long-term UK capacity deals with QBE in the highly specialist areas of public authority and higher education risks, as well as hazardous goods, environmental industries and tanker...
Aspen Expands Agreement to Provide Capacity for Ryan Specialty’s MGU Portfolio
Jan 21 2022 // Bermuda-based Aspen Insurance Holdings Ltd. announced it has entered into agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business. With effect from Jan....
Cyber MGA Resilience Becomes Lloyd’s Coverholder
Jan 20 2022 // Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its...
Illinois-Based Investor Agman Launches MGA Aurenity
Jan 13 2022 // Chicago-based investor Agman has announced the launch of Aurenity, a new tech-enabled Managing General Agent (MGA) targeting the Excess and Surplus (E&S) market. Aurenity will deploy underwriting analytics to determine...
Specialist MGA Platform Pine Walk Launches Energy Liability MGA, OPEnergy
Jan 12 2022 // Pine Walk Capital Ltd., the London-based specialist MGA platform, has announced the launch of its sixth MGA, OPEnergy Ltd. OPEnergy received regulatory approval from the UK regulator on Jan. 6, 2022 and will write onshore...
MGA First Underwriting Forms £1B, 5-Year Capacity Deal With R&Q’s Accredited
Jan 11 2022 // First Underwriting Ltd., the London-based specialist MGA that is part of Kingfisher UK Holdings, announced a five-year capacity deal to place approximately £1 billion (US$1.4 billion) of gross written premium into the...
Optio Acquires Warranty & Indemnity-MGA Brockwell Capital
Jan 5 2022 // Optio Group, a London-based specialty MGA focused on emerging insurance risks, announced it has acquired Brockwell Capital Ltd., a leading warranty & indemnity MGA, for an undisclosed sum. Brockwell, an approved...
People Moves: United Valley Promotes Jarnagin and Kilby; ALKEME in California Names Mitilier President of Its MGA
Dec 30 2021 // United Valley Insurance Services Inc. promoted Rubby Jarnagin and Jamie Kilby. Jarnagin has been promoted to marketing team supervisor. Rubby was formerly a marketing consultant/supervisor and focused on workers’...
Why Small MGA Teams Should Automate Compliance
Dec 27 2021 // This post is part of a series sponsored by AgentSync. Small but mighty is the realest of deals. Yet, even (or especially, depending on your view) small teams can benefit from producer licensing automation. We get it when...
Specialist D&O MGA Banyan Risk Expands Into Canadian Market
Dec 22 2021 // Banyan Risk Ltd., the managing general agent (MGA) that launched in Bermuda this year, is expanding its operations into Canada. Banyan, which underwrites directors and officers (D&O) insurance risk solutions in complex...
3 Ways Insurance Distribution Licensing Software Makes Life Easier for MGAs and MGUs
Dec 21 2021 // This post is part of a series sponsored by AgentSync. Investing in technology can be daunting. The thought of setting up an entirely new system, or migrating from an old one, is enough to stop progress in its tracks for...
Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd.
Dec 20 2021 // Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by its independent managing general agent incubator subsidiary, Pro...
Specialist Risk Group Launches MGA Called MX Underwriting
Dec 14 2021 // Specialist Risk Group (SRG) announced the launch of MX Underwriting. Led by Lee Anderson, SRG deputy CEO, and James Gerry, MX chairman, MX aim to be a £100 million gross written premium business within its first year of...
Is There a Limit to MGA Growth?
Dec 10 2021 // This post is part of a series sponsored by AgentSync. Here at AgentSync, we love talking about growth. Personal growth, professional growth, company growth; we even have an internal slack channel called green-thumb-agents...
Attention Young Professionals: Wholesale Insurance Is ‘Where the Magic Happens’
Dec 9 2021 // According to wholesale insurance executives, their segment of the property/casualty insurance industry is more exciting and fulfilling than other sectors of the industry. It’s also full of potential for young...
Buckle, Amwins Form MGA to Offer Auto to Gig Workers
Dec 8 2021 // Buckle, a technology-based financial services company, has entered into a managing general agency agreement with Amwins Specialty Auto to place non-standard automobile insurance for gig workers in Florida. Gateway...
MGAs/MGUs Tackle Risk Considerations in Becoming Carriers
Dec 7 2021 // This post is part of a series sponsored by AgentSync. As managing general agents (MGAs) and managing general underwriters (MGUs) examine their next steps as businesses and investment opportunities, some are attracted to...
MGA CFC Underwriting Launches Tool That Calculates Ransomware Costs
Nov 30 2021 // CFC Underwriting, the specialist managing general agent, has released a new tool designed to help customers understand the potential cost of a ransomware attack to their business. “Ransomware threats are one of the...
People Moves: Mosaic Launches London M&A Team, Hiring From Liberty Mutual, AIG; BHSI Promotes 2 in UK; Marsh’s Dubreuil to MGA Alta Signa in Brussels
Nov 23 2021 // This edition of International People Moves details appointments at Mosaic Insurance, Berkshire Hathaway Specialty Insurance and MGA Alta Signa Europe. A summary of these new hires follows here. Mosaic Launches London...
