managing general agent News

Ryan Specialty Completes Purchase of M&A Specialist Hunter George & Partners

Ryan Specialty Group, the Chicago-based global specialty insurance services business, has completed its acquisition of Hunter George & Partners Ltd., the London-based specialist managing general agent, focused on providing insurance solutions for mergers and acquisitions. The deal, which was previously …

Ryan Direct Agrees to Acquire Northern Ireland MGA, Midas Underwriting

Ryan Direct Group (RDG), the insurance services business and part of Chicago-based Ryan Specialty Group (RSG), has entered into agreement to acquire Northern Ireland-based MGA Midas Underwriting, subject to regulatory approval. The financial considerations were not disclosed. Derek Coles, RDG …

Kimberley Appointed Chief Underwriting Officer of Ascot Underwriting (Bermuda)

Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Simon Kimberley as chief underwriting officer of Ascot Underwriting (Bermuda) Ltd. Kimberley transferred to AUB in 2014 as underwriter and was formerly an underwriter with Ascot’s treaty team in London. …

Castel Launches Corporate Underwriting Cell, Targeting African Reinsurance

Castel Underwriting Agencies Ltd., the London-based MGA formation platform, has launched its first corporate underwriting cell, working with One Re, a specialist African-focused reinsurer, to target facultative reinsurance business across Sub-Saharan Africa. The underwriting cell, called One Facultative Acceptances*, will …

Ryan Specialty Acquires UK’s Hunter George & Partners, M&A Specialist MGA

Ryan Specialty Group (RSG), the Chicago-based global specialty insurance services business, has reached an agreement to acquire Hunter George & Partners Ltd., the London-based specialist managing general agent (MGA) focused on insurance solutions for mergers and acquisitions. Hunter George founders …

Integro Acquires Entertainment Risk Management, London-Based MGA

The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice. Financial details of the transaction have not been disclosed. ERM primarily serves …

Merger of Hyperion & R K Harrison Approved by Boards, Shareholders

Hyperion Insurance Group Limited and R K Harrison Holdings Limited announced the signing of the terms of agreement for the merger of the two London-based businesses, following approval by the two companies’ respective boards and shareholders. The transaction remains subject …

Pioneer Offers EU-Compliant Insurance for Alternative Investment Managers

Pioneer Underwriters* announced the launch of a new EU regulatory compliant product for alternative investment fund managers (AIFMs). This specialist product is aimed at AIFMs domiciled outside of the EU, which in addition to providing traditional financial lines cover, also …

Kaufman Financial Acquires Canadian MGA Avec Insurance Managers

Burns & Wilcox Canada, a subsidiary of Kaufman Financial Group, announced it has acquired Avec Insurance Managers, a Toronto-based managing general agent with expertise in marine, inland marine and other specialty commercial lines. Avec will become part of Burns & …

USG Launches Professional Division in California, Taps Fisher

USG Insurance Services Inc., a national wholesaler and managing general agent, has launched of a professional division in El Segundo, Calif. The firm has also hired Frederick Fisher as director of professional liability. Fisher will be based in El Segundo. …