Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 14 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
One80 Intermediaries Acquires Canadian MGA, Strategic Underwriting Managers
Aug 12 2020 // One80 Intermediaries, a Boston-headquartered wholesale broker, program manager, and insurance aggregator, announced it has acquired Strategic Underwriting Managers Inc. (SUM), a Canada-based managing general agent. Terms...
Rideshare Insurer Buckle Raises $31 Million to Fuel Nationwide Expansion
Aug 5 2020 // Buckle, a digital seller of rideshare insurance, disclosed it has raised $31 million in new venture financing and will use the money to expand operations nationally. HSCM Bermuda and Eos Venture Partners co-led the Series...
Worldwide Facilities Acquires Clearwater Underwriters of Florida
Aug 5 2020 // Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Clearwater Underwriters, Inc., a surplus lines MGA based in Clearwater, Fla. Clearwater...
Teri Colburn Promoted to Regional Vice President, Managing Broker of Breckenridge Insurance Services
Aug 4 2020 // Atlanta, GA, August 4, 2020 — Breckenridge Insurance Services is pleased to announce the promotion of Teri Colburn to regional vice president, managing broker for wholesale brokerage and binding operations in the...
New Value Insurance MGA Offering Non-Standard Auto in Alabama
Aug 4 2020 // Value Insurance MGA, a new Birmingham, Ala., domiciled managing general agent specializing in non-standard auto insurance, is now offering a personal lines auto product in the state. Value MGA founder Daniel Feigenbaum has...
Breckenridge Welcomes Sheree Davis as Senior Vice President, Program Director
Jul 30 2020 // Atlanta, GA, July 30, 2020 — Breckenridge Insurance Group welcomes Sheree Davis to the company as a senior vice president, program director. Davis has more than 30 years of insurance industry experience with significant...
InsurTech NY Opens Applications for October Cohort
Jul 29 2020 // InsurTech NY has announced that it will be accepting applications for its growth-stage InsurTech accelerator. The application window will be open from July 21 to August 17, and applications will be accepted through the...
As COVID-19 Work-From-Home Orders and Online Business Strategies are Revisited, Cyber Coverage Becomes More Important Than Ever
Jul 29 2020 // Monrovia, CA, July 29, 2020 – Plum Insurance Services has the Right Program for Wholesale Insurance Brokers. While COVID-19 continues to spread like wildfire, businesses are being forced to either extend their...
Home, Auto MGA Branch Plans Conversion to Reciprocal Exchange After Raising $24M
Jul 23 2020 // Branch, an insurtech startup focused on bundling digital home and auto insurance, is eying national expansion through 2021 after nailing down $24 million in new financing. The managing general agent (MGA) also plans to add...
iGUARANTEE™ Launches New Bail Bonds Software Platform
Jul 15 2020 // Burlington, NC, July 15, 2020 – Built on the backbone of 20 years combined programming experience, 13 years of Surety Bonding knowledge, 30 years of Sales and Marketing expertise, and more than 15 years of UX / UI...
Insurity Acquires Virtual MGA in Texas
Jul 13 2020 // Insurity Inc., a provider of cloud-based core system solutions and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Austin, Texas-based Virtual MGA. The deal, which closely follows the June...
Profile: MGA Nexus Group Sets Sights on U.S. Growth, Even During COVID-19 Crisis
Jul 9 2020 // Nexus Group, the UK-based managing general agent, is looking to the U.S. for growth opportunities, despite the raging COVID-19 crisis. “With the political landscape and Brexit, it was an obvious choice for us to...
Kristopher Parsons Joins Breckenridge Insurance Services to Grow Aviation Business
Jul 9 2020 // Atlanta, GA, July 9, 2020 — Breckenridge Insurance Services is pleased to welcome Kristopher Parsons to the wholesale brokerage and binding firm. Parsons joins the organization as a senior vice president, senior broker...
Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform
Jul 9 2020 // A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing. Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a...
Rice to Retire from Ryan Specialty Group at Year-End
Jul 8 2020 // Mike Rice Sr. will retire from Chicago-based Ryan Specialty Group LLC (RSG) at the end of the year, the company said. Rice joined RSG in 2010 as chairman and CEO of RSG Underwriting Managers LLC (RSGUM) and will have...
Insurity Acquires Epic-Premier Insurance Solutions of Florida
Jul 1 2020 // Insurity, Inc., a provider of cloud-based core systems and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Florida-based Epic-Premier Insurance Solutions, Inc. Epic-Premier offers software...
Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California
Jun 29 2020 // Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire...
Orchid Insurance, Specialty Lines Startup CrossCover Form CAT-Focused MGU
Jun 26 2020 // Orchid Underwriters Agency, LLC, an independent managing general underwriters focused on catastrophe-exposed residential and commercial lines properties, has launched CrossCover Insurance Services, a new MGU that will...
