Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Specialty Lines MGA Ensurance Completes New Capacity Deal with AXA
Feb 19 2021 // Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its core construction and engineering products. AXA replaces Swiss Re as the MGA’s main...
Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks
Feb 4 2021 // Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe. Based in...
Iowa’s CGA Insurance Services Launches Managing General Underwriter Program
Feb 3 2021 // West Des Moines, Iowa-based Career General Agency LLC (CGA Insurance Services), a subsidiary of GuideOne Insurance, has launched a managing general underwriter (MGU) program with its newly developed CGA Energy...
Howden Group Invests $84M to Support Its Treaty Reinsurance MGA, Tamesis DUAL
Jan 13 2021 // Howden Group Holdings announced an investment of $84 million in support of Tamesis DUAL Ltd., the reinsurance division of DUAL Group, the world’s largest international MGA. This additional capacity has been in place...
Nexus Completes Acquisition of Hiscox MGA Marine Business
Jan 4 2021 // Independent specialty managing general agent (MGA) Nexus Group announced it completed the acquisition of the Hiscox MGA Marine business (HMM) from Hiscox MGA Ltd. Completed on Dec. 30, 2020 via an asset purchase into...
Captive Re/Insurance MGU, International Re, Partners with Admitted Insurer Cimarron
Dec 23 2020 // International Re (I–RE), the specialist captive insurance and reinsurance managing general underwriter (MGU), is announcing a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted...
Ryan Specialty’s Renewables MGU Forms Partnership with Generali
Dec 22 2020 // Power Energy Risk (PERse), the largest U.S.-based renewable energy managing general underwriter and a part of Ryan Specialty Group (RSG), has formed a strategic partnership with Generali’s P/C division Global...
Lloyd’s Syndicate Dale and DUAL Launch MGU with Focus on U.S. Property Insurance
Dec 21 2020 // Dale Underwriting Partners and DUAL announced a new joint venture, Dale DUAL MGU Ltd. (DDML), in collaboration with Aviva with immediate effect. This partnership has been brought together by Howden Reinsurance Broking led...
How One MGA Is Helping Nonprofits Manage a Tough COVID-19 Year
Dec 21 2020 // When he started building Convelo Insurance Group, founder and CEO Josh Lamberg likely never imagined that the managing general agency (MGA) would be just about two years old when a pandemic hit. “This is the most...
Openly, High-End Home Insurance MGA, Secures $40M for National Expansion
Dec 18 2020 // Openly, an insurtech managing general agency for high-end homeowners insurance, raised $40 million of venture capital from multiple investors. The investment will fuel a national expansion, hiring and further technological...
MGA Focused on Professional Liability Starts in California
Dec 15 2020 // ProFinity Insurance Services in Los Angeles, Calif., a specialty MGA, recently opened its doors to wholesale distribution. ProFinity is led by Ravi Uthayashanker, formerly of Lloyd’s of London, where his main focus...
New MGA Seeks To Streamline Professional Liability Coverage
Dec 15 2020 // ProFinity Insurance Services to offer wholesale solution for design, engineering, construction and manufacturing LOS ANGELES, Dec. 14, 2020 – ProFinity Insurance Services, a specialty MGA focused on the design,...
Truist on Track for 5 Acquisitions to Boost Its Wholesale Insurance Business
Dec 7 2020 // Charlotte, N.C.-based Truist Insurance Holdings reported that it will complete five insurance acquisitions this quarter, adding more than $100 million of combined annual revenue to its wholesale division. The most recent...
AmWINS Program Underwriters Announces New Carrier for Long-Term Care Facilities Program
Dec 2 2020 // CHARLOTTE, N.C. (December 2, 2020) – AmWINS Program Underwriters (“APU”) today announced a new carrier partnership to provide insurance solutions for APU’s Long-Term Care Facilities program, effective...
Workers’ Comp Insurance MGU Method Adapts Cutting Edge AI Solution to Streamline Underwriting
Dec 1 2020 // Nashville, TN, December 1, 2020 – Method has partnered with Gradient AI to incorporate state-of-the-art Artificial Intelligence (AI) and Machine Learning (ML) solutions into the underwriting process. Method utilizes...
HDI Global Specialty Renews Agreement with German MGA AMANIKI
Nov 30 2020 // HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI. The agreement also sees AMANIKI move from a co-insurance panel of capacity...
Intact, Resilience Insurance to Provide Cyber Risk Coverage, Services
Nov 19 2020 // Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (IFC) U.S. insurance company subsidiaries, has launched cyber insurance options that will be offered in partnership with program...
Obsidian Specialty Insurance Company Receives A- Rating from AM Best
Nov 16 2020 // AM Best has assigned the recently-formed excess and surplus (E&S) lines insurer, Obsidian Specialty Insurance Company, a financial strength rating of A- (Excellent). Obsidian Specialty is a program fronting carrier...
Insurity Acquires Billing Services Firm Bill It Now
Oct 22 2020 // Insurance systems and data firm Insurity announced it has acquired Bill It Now, a cloud-based billing-as-a-service for insurers, managing general agencies and program administrators. Bill It Now offers payment plan...
MGA DUAL Plans to Use Its Own Underwriting Capital Alongside Capacity Providers
Oct 16 2020 // DUAL, the London-based managing general agency, announced it will deploy its own group underwriting capital alongside its existing capacity providers. “This is a game-changing moment for DUAL. Now, by providing...
