Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Worldwide Facilities Acquires Trinity Underwriting Managers of Georgia
Dec 6 2016 // Worldwide Facilities, a national wholesale insurance brokerage and managing general agency, has acquired Trinity Underwriting Managers, Inc. (TUMI), an underwriting manager and wholesale insurance broker specializing in...
Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks
Dec 2 2016 // A possible merger of the nation’s two major excess and surplus lines organizations is on track. The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines...
Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders
Nov 21 2016 // Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched a proprietary web-based claims management system for managing general agents (MGAs) and...
UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’
Nov 16 2016 // Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers...
Aspen Insurance Acquires Puerto Rico Marine MGA, Blue Waters Insurers
Nov 1 2016 // Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings, announced it has acquired Blue Waters Insurers Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist marine...
Markel Buys Galleon Marine Insurance Agency, London-based MGA
Nov 1 2016 // Markel International has acquired Galleon Marine Insurance Agency, the London based MGA that specializes in marine professional indemnity and cargo liability business. Markel Capital Holdings today acquired the issued...
Insurance Groups AAMGA, NAPSLO in Merger Talks
Oct 21 2016 // The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one association and have formed a...
New MGA Verve to Target Liability Market for Insurance Agents, Insurers in U.S.
Sep 22 2016 // Newly-launched managing general agency Verve Risk Partners plans to target U.S. professional and management liability risks, focusing on insurance companies and captives as well as insurance agents and brokers. The...
3rd Party Managing Agent Asta Invests in Specialist MGA OverArk
Sep 22 2016 // Asta, the London-based third party managing agent and specialist MGA investor, has concluded a transaction to finance the development of OverArk Ltd. Asta will take a minority equity stake in OverArk and will also support...
Global Risk Partners Acquires U.K.-based SLK General Insurance Services
Sep 21 2016 // Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has acquired the commercial and personal insurance broker, SLK General Insurance Services Ltd., based in...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 19 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
Marsh Names Montpelier Re’s Schaper as CEO of Schinnerer Group
Sep 1 2016 // Marsh announced the appointment of Christopher Schaper as chief executive officer of its managing general agent (MGA) business, The Schinnerer Group. Schaper will focus on the development of Marsh’s existing MGA...
How Kilkenny and Kimmel Have Grown K2 Insurance Services
Sep 1 2016 // Pat Kilkenny and Bob Kimmel put the K’s in K2 Insurance Services five years ago. That’s when they began using their combined 60 years of insurance experience to work buying up and developing businesses with the...
‘Xuber for MGAs’ Platform Delivered for Castel Underwriting
Aug 26 2016 // Xuber, the insurance software business of Xchanging, a unit of CSC, announced the delivery of its “Xuber for MGAs” platform for London-based Castel Underwriting Agencies Ltd. Xuber for MGAs is a flexible...
SIS Wholesale Insurance Services Launches New SIS Online 2.0 Platform
Aug 19 2016 // Carlsbad, CA, August 19, 2016 – Safebuilt Insurance Services, Inc. dba SIS Wholesale Insurance Services, a national commercial lines insurance program administrator, announces the launch of its new online rating and...
Florida Insurers UPC Insurance, American Coastal Insurance Enter Merger Agreement
Aug 18 2016 // United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American...
The Future of Insurance Belongs to Intermediaries
Aug 8 2016 // Great efforts have been made recently to disintermediate the insurance process. One prevalent example of this is by routing insureds directly to the carrier, bypassing the independent agency distribution channel. More and...
License Revoked by 2 States but Northern Illinois Agency Stays Open
Aug 8 2016 // By taking advantage of legal appeals processes, an Illinois managing general agency has been able to continue operations for more than a year despite having its license revoked or non-renewed by two separate state...
Sciemus’ Move into Specialty Underwriting: A Case of ‘Adapt and Thrive’
Aug 3 2016 // It was a case of adapt and thrive when modeling and analytics company Sciemus made a big strategic leap this year into underwriting space, power, mining, renewable energy and cyber—as a managing general agent. Despite...
New MGA Founders Specialty Targets Professional Liability Risks
Aug 3 2016 // National wholesale insurance broker, Founders Professional, has opened a new managing general agency, Founders Specialty, which will focus on developing products primarily in the professional liability space with key...
