April 16, 2018
HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy Austen. Subject to regulatory approval, NuVu Underwriting …
April 3, 2018
Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio. Paul Witzenfeld joins Castel Specialty to underwrite a book of global property facultative reinsurance business targeting …
March 8, 2018
Castel Bloodstock has secured a new binder with Lloyd’s capacity, provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225. The new capacity supports a bloodstock account focusing on high value thoroughbred, sports horse and show horse risks, and equine mortality …
March 5, 2018
Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital Ltd. Pelican Underwriting One trades as Pelican Underwriting and specializes in writing solicitors’ professional indemnity (PI) in England and Wales. …
February 13, 2018
Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder. Financial details of the transaction were not disclosed. Established in 2012, Apsley Specialty is a London-based specialist directors & …
February 13, 2018
Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA in the protection & indemnity (P&I) fixed premium marine market, from Tawa Associates Ltd.* Lodestar’s operations will become part of …
February 2, 2018
Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Bridge Underwriting AB, a Stockholm-based specialist underwriting MGA. Bridge Underwriting, which will begin underwriting in March, will offer relevant lines sizes …
January 29, 2018
Ryan Specialty Group (RSG) has launched a Latin American-focused managing general underwriter, Capital Bay Underwriting, based in Miami. Capital Bay’s central emphasis is financial lines re/insurance products for financial institutions and commercial entities across Latin America and the Caribbean. Capital …
January 25, 2018
Private equity firm Preservation Capital Partners has completed its acquisition of Ascent Underwriting, the London-based cyber and specialty lines MGA, after obtaining UK regulatory approval. Ascent’s management team will retain a significant shareholding in the company and will continue to …
January 19, 2018
Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Edison Motor and the appointment of Steven Dickie and Doug Ockwell as joint managing directors of the new operation. Edison Motor …