Managing General Agency (MGA) News

London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley

Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance with effect from May 1, 2017. Nexus will underwrite the new line, offering third party cover up to a maximum …

Fidelis Sponsors MGA to Expand into Niche Specialty Reinsurance

Fidelis Insurance announced that it is further developing its niche specialty offerings by sponsoring a new managing general agent that focuses on specialty reinsurance. Fidelis said it will be providing investment and cornerstone capacity for the MGA, which is expected …

MGA Pen Underwriting & Markel Partner to Offer UK Equine Cover

Pen Underwriting has formed a new strategic partnership with specialist insurer Markel International to further consolidate Pen’s presence in the UK equestrian market and drive the company’s product innovation in the sector. Markel is an established and leading name in …

MGA Nirvana Targets Media, Technology & Cyber Risks on Castel Platform

Nirvana Risk Partners has launched as an underwriting cell on Castel Underwriting Agencies’ MGA formation platform, targeting media, technology and cyber liability risks. Nirvana will underwrite risks for small and large enterprises on a global basis with a particular emphasis …

UK MGA Plum Launches High Net Worth Home Cyber Cover

Plum Underwriting, the London-based specialist home insurance managing general agent, announced the launch of cyber and data risks cover embedded within high net worth (HNW) and mid net worth (MNW) home insurance products in the UK. Plum’s Home Cyber covers …

CFC Underwriting Upgrades Global Cyber Product

Specialist lines underwriting agency, CFC Underwriting, has launched a revamped and upgraded cyber insurance product for global markets. The new look product provides includes the provision of first party cover on an “each and every claim” basis, said CFC Underwriting, …

Superyacht Specialist Yachtpod to Underwrite on Castel’s MGA Platform

Yachtpod Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies Ltd.’s MGA formation platform to offer dedicated superyacht insurance on a worldwide basis. Yachtpod specializes in providing a “one-stop” shop for superyacht owners, captains and managers …

Canada’s Eagle Underwriting Teams Up with MS Amlin’s RaetsMarine

Canada’s Eagle Underwriting Group Inc. has teamed up with MS Amlin Marine NV, trading as RaetsMarine, to offer protection & indemnity (P&I) and charterers’ liability insurance in the Canadian marine market. Established in 1996, Eagle Underwriting is a Brampton, Ontario-based …

Lloyd’s MGA, CFC Underwriting, Launches Cyber Incident Response App

CFC Underwriting, the London-based specialist lines underwriting agency, announced the launch of a new cyber incident response application. The app allows policyholders to notify a claim with a click of a button and receive specialist support from CFC’s global cyber …

Asta Invests in London & Dubai Reinsurance MGA, Arma Underwriting

Asta, the London-based Lloyd’s third party managing agent and specialist MGA investor, announced it has agreed to invest in the development of Arma Underwriting Ltd. Asta will take a minority equity stake in Arma and will also support the company’s …