Managing General Agency (MGA) News

Occam Underwriting Promotes Fisher to CEO, Succeeding Gibbins Who Becomes Chair

Occam Underwriting, the specialist lines-focused managing general agent, has announced the promotion of Chief Financial Officer Mark Fisher to chief executive officer, subject to regulatory approval. The previous CEO, Lance Gibbins, will continue to serve the company as chair. Fisher …

CFC Underwriting Names Newman CEO as Walsh Becomes Group CEO

CFC Underwriting, the London-based specialist managing general agent, announced that Chief Innovation Office Graeme Newman has been appointed as the company’s new CEO. Founder and current CEO, Dave Walsh, will assume the role of group CEO effective immediately, subject to …

Africa Specialty Risks Secures $10M of PVT Capacity from Atrium at Lloyd’s

Africa Specialty Risks (ASR), the pan-African focused reinsurance managing general agent, announced it has secured an additional $10 million in capacity for its Political Violence and Terrorism (PVT) division from Lloyd’s insurer Atrium Underwriting Ltd. This is in addition to …

Two Firms Merging to Capitalize on Embedded Insurance Demand

Two insurtech managing general agencies plan to merge in an effort to tap into embedded insurance demand for travel and other e-commerce businesses. Seeto, which focuses on helping e-businesses build embedded coverage, said it will merge with Pattern, a startup …

Coalition Enters Canadian Excess Cyber Insurance Market

Coalition, the San Francisco-based cyber insurance and security company, announced it will enter the excess cyber insurance market in Canada to help protect businesses with enhanced coverage. With the coverage, Coalition will provide free access to Coalition’s cyber-security capabilities, including …

Beazley Renews Capacity Support for Spring Partners’ Financial Institutions Business

Spring Partners, the London-based managing general agency platform, announced that insurer Beazley has renewed its capacity support for Spring’s financial institutions business for another 12 months from July 1, 2021. Financial details of Beazley’s capacity provision were not disclosed. “The …

MGA Rokstone Receives Coverholder License to Underwrite in Africa

Rokstone, the international speciality re/insurance MGA, part of the Aventum Group, announced it has secured an insurance agent license from the Financial Services Commission in Mauritius (FSC). The company is now fully authorized to underwrite business directly in Africa from …

SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. The company has been established by Founder and Chief Executive Officer Tim Usher-Jones in …

People Moves: Allianz’ Ress to AXA XL; Tye Succeeds Card as Carbon’s CEO; Woodhams Promoted at iprism

This group of international People Moves provides details of appointments at insurer AXA XL; Carbon Underwriting, a managing general underwriter; and iprism, a managing general agent. A summary of these new hires follows. AXA XL Insurance announced it has appointed …

MGA Rokstone Launches US$18M Marine Cargo Facility, Hiring Lloyd’s Veteran Birchard

Rokstone, the London-based speciality re/insurance managing general agent (MGA), has launched a US$18 million global facultative general marine cargo facility. Backed by A-rated global carriers, the facility includes US$5 million for niche selective cargo treaties, which offers innovative reinsurance capacity …