HDI Global Specialty SE has strengthened its position in Sweden with the acquisition of alternative specialty lines managing general agent, Svedea AB. Svedea is one of the three largest insurers of yachts, motorcycles and snowmobiles in the Swedish market, with …
SkyWatch.AI, the on-demand, telematics-based insurance platform, has launched in the United Kingdom following last year’s launch in the United States. SkyWatch.AI’s UK policies will be underwritten by specialty insurance and reinsurance group Chaucer. SkyWatch.AI is offered by on-demand, usage-based specialized …
A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe’s new money will help propel an expansion into Great Britain and the rest of Europe, and millennials …
The Managing General Agents’ Association (MGAA) announces the launch of “MGA Assess,” an online training solution developed in partnership with the Chartered Insurance Institute (CII). The learning management system, part of the wider “Assess” suite, will provide a platform for …
MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk modeling. The investment sees MS Amlin take a minority strategic stake …
Pro Global Insurance Solutions, the London-based re/insurance consultant and service provider, announced it will acquire Vibe MGA Management Ltd. (VibeMM), an MGA incubator business. Pro is acquiring VibeMM from Vibe UK Holdings, the owners of Lloyd’s managing agent Vibe Syndicate …
European Property Underwriting Ltd. (EPUL), a commercial property managing general agent (MGA), has launched “Solutions,” a package of covers specifically designed to address the challenges that brokers face in placing cover for unorthodox property owner risks. This product provides cover …
UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker. On April 1, Nexus acquired Capital Risks MGA …
H.W. Kaufman Group and Burns & Wilcox Canada announced they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd. (TRU), a Canadian managing general agent (MGA) with expertise in providing risk solutions for truck and taxi commercial fleets. TRU will become …
Tribal First, a division of Alliant Underwriting Solutions, has acquired Ottawa, Canada-based AFN Insurance Brokerage. Financial details of the transaction were not disclosed. The acquisition pairs AFN Insurance Brokerage, which is Canada’s First Nations’ insurance leader, with Tribal First, the …
