Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Outlook for Texas’ MGA Insurance Issuer Credit Rating Revised to Positive
Jun 25 2020 // AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of...
Breckenridge Insurance Services Welcomes Expert Brokers Alan Belthoff and Dianna McCall
Jun 24 2020 // Atlanta, GA, June 23, 2020 — Breckenridge Insurance Services is pleased to welcome two expert brokers to the wholesale brokerage and binding firm. Alan Belthoff joins the organization as a senior vice president, senior...
Rival Wholesale Brokers Ryan Specialty Group and All Risks Agree to Merge
Jun 24 2020 // Two of the largest property/casualty insurance wholesalers are looking to merge. The deal will unite Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in Delray Beach,...
New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks
Jun 12 2020 // A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats Offering risk management, underwriting and analytics, London-based Astaara will work...
Captives Can Be an Insurtech Accelerator
Jun 10 2020 // With the immense financial and operational challenges brought on by the spread of the COVID-19 pandemic, many insurers have had to dramatically cut back on insurtech funding. Insurtech solutions were starting to help...
Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance
Jun 5 2020 // Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to...
K2 Insurance Services Launches International Re/insurance Platform in London
Jun 1 2020 // K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International, a specialty insurance and reinsurance underwriting platform, based in...
K2 Insurance Services Completes Purchase of MGA Pioneer Underwriters
May 29 2020 // K2 Insurance Services LLC, the specialty insurance services holding company, has completed the purchase of Pioneer Underwriters, the London-based managing general agency. The deal was facilitated with a portfolio transfer,...
For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit
May 20 2020 // Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first time since its...
Aon Forms Intellectual Property Liability MGA; Taps Lewis to Lead
May 15 2020 // Aon has established an intellectual property liability underwriting platform with levels of capacity it says is the largest known delegated capacity for the risk. IP underwriter Ian Lewis has joined the company to...
DUAL Acquires Specialty Managing General Agency in New Zealand
May 7 2020 // DUAL, the underwriting arm of Hyperion Insurance Group, announced the acquisition of a controlling interest in New Zealand specialty underwriting agency International Underwriting Agencies (IUA). “This is an...
MGA Platform OneAdvent Buys Property MGA Modus from CFC Underwriting
May 6 2020 // OneAdvent, a London-based managing general agent (MGA) platform, announced the acquisition of Modus Underwriting Ltd., a digital-first MGA focused on providing niche property insurance products to brokers across the...
Breckenridge Insurance Services Welcomes Three Established Brokers
Apr 29 2020 // Atlanta, GA, April 29, 2020 — Breckenridge Insurance Services is pleased to welcome Michael Silvestri, Tracey Burmingham, AAI and Vance Root as vice presidents/brokers to the company as part of its expansion plans...
XPT Specialty Acquires Texas MGA, LP Risk
Apr 24 2020 // XPT Partners LLC has acquired Texas-based LP Risk Inc., a full service managing general agency (MGA) and surplus lines broker with a wide range of commercial property/casualty coverages distributed to retail agents through...
Worldwide Facilities Reports Record Growth as they Celebrate 50th Anniversary
Apr 24 2020 // Los Angeles, CA, April 24, 2020 – This year, Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is celebrating 50 years of industry service and five years of record...
Specialist MGA Lions Gate Expands Canada Offering with Environmental Insurance Cover
Apr 23 2020 // Lions Gate Underwriting, the Vancouver-based specialist managing general agent, has launched a new Environmental Insurance product as part of its coverage offering. The program is being underwritten by Great American...
Sompo Int’l Forms Agricultural Insurance Partnership with Portuguese MGA ATLAS
Apr 22 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that its global agriculture platform, AgriSompo, has entered into a partnership with...
One80 Intermediaries Acquires Ohio’s International Excess Program Managers
Apr 14 2020 // One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, has acquired Beachwood, Ohio-based International Excess Program Managers (IEPM), a wholesale insurance...
MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia
Apr 9 2020 // Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan...
UK MGA Aqueous Underwriting Offers COVID-Crisis Help for Hospitality, Leisure Clients
Apr 7 2020 // Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to help its clients in the food, hospitality and leisure sectors, which were forced...
