managing general agents (MGAs) News

MGA Burns & Wilcox Canada Opens Vancouver Office; Key Leaders Named

Burns & Wilcox Canada, a managing general agent in North America, has expanded into British Columbia with the opening of a Vancouver office. The new office is located in Vancouver’s business district at the Oceanic Plaza Centre. The office will …

UK-Based MGA Nexus Group Buys Trade Credit Broker, Credit Risk Solutions

Independent specialty managing general agent Nexus Group announced it has acquired Credit Risk Solutions Ltd. (CRS). Established in 2003, CRS is an independent specialist trade credit broker operating with headquarters in Halifax and offices in Manchester and Birmingham, England. Details …

Sciemus Partners with HSCM Bermuda and Is Renamed Argon Underwriting

Sciemus, a specialty Lloyd’s MGA, is forming an investing partnership with HSCM Bermuda, a firm that invests in reinsurance and insurance-linked assets across all lines of business. The deal also calls for Sciemus to change its name as it evolves …

Ascot Launches Specialty MGA, Vertical Underwriting Managers

Ascot Group Ltd. (AGL) announced the creation of Vertical Underwriting Managers, its first specialty managing general agency (MGA) cell under Ethos Specialty Insurance Services, AGL’s standalone MGA Vertical will underwrite both standard and specialty P/C business as well as target …

Fidelis Names Novae’s Burford as Chairman of Specialised Risks in London

Fidelis Insurance announced that Ian Burford will join the London underwriting team as chairman of Specialised Risks, effective Sept. 4, 2017. Bringing over 30 years of experience in the London insurance market, Burford will focus on identifying opportunities to expand …

Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services

Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL. Michael Sillat has been appointed as chief executive officer of Ethos, effective Dec. 1, 2017. “The formation of Ethos represents …

Castel Specialty Launches Global Construction Business

Castel Specialty, a division of Castel Underwriting Agencies Ltd., has expanded its portfolio with the launch of Castel Construction. London-based Castel Underwriting Agencies, part of Barbican Insurance Group, is a club-style MGA formation platform, which supports individual underwriters with smaller …

Markel Canada Buys Remaining 50% Stake in Allsport

Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in providing insurance to Canadians for sports, leisure and recreation activities. …

AXIS Insurance Taps Beazley’s Brown to Lead London Market MGA Growth

AXIS Capital Holdings Ltd. announced that Julian Brown has joined AXIS Insurance as vice president and underwriter, responsible for leading growth initiatives and product development for the company’s London market managing general agency (MGA) unit. Brown will work alongside Paul …

Ed Announces Series of Appointments and One Departure

Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and underwriting. The company also announced one departure. Announced on Feb. …