September 20, 2023
Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4 million), in partnership with a handful …
September 19, 2023
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded in 2012, Nordic Marine is a managing general agent that provides niche insurance products to the global maritime industry and …
September 11, 2023
Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies wrote another $13 billion in the same year, a new report says. Reinsurance broker Howden Tiger and the insurance research …
September 7, 2023
CelsiusPro AG, the Zurich-based parametric insurance managing general agent, announced the acquisition of Global Parametrics Holding Co. Ltd. CelsiusPro said the deal will strengthen its global capabilities to offer parametric risk transfer solutions to both private and public sector clients …
August 17, 2023
Skyrisks Ltd., the newly incorporated, London-based managing general agent, has linked with Quotech, the underwriter-led developer of integrated technology platforms for underwriters and brokers, to deliver insurance coverage for the advanced air mobility (AAM) sector. AAM includes revolutionary aircraft such …
August 7, 2023
DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal were not disclosed. DUAL said, the acquisition cements …
August 7, 2023
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Eaton Gate, a London-based managing general underwriter (MGU), announced a new partnership. Eaton Gate writes in excess of £100 million GWP through its group of managing general agents (MGA) and is …
August 3, 2023
AXA announced it has entered into an agreement to acquire Laya Healthcare Ltd. from Corebridge Financial Inc., a subsidiary of AIG. Laya has a leading position in the Irish health market with approximately a 28% market share, serving close to …
July 28, 2023
The Clear Group, the London-based independent broker, announced the acquisition of a specialist commercial lines managing general agent, Profile Risk Solutions Ltd. This represents the Clear Group’s third MGA deal and is a continuation of its strategy to build a …
July 21, 2023
Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as “powerful tools for brokers, who will be able to quote cost-effective annual cover …