Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of an international casualty MGA called Sevanta Specialty Liability Ltd. Sevanta will focus on niche international specialty liability, writing business …
Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Tennessee, Velocity is a managing general underwriter (MGU) providing first-party insurance coverage for …
Ryan Specialty, the Chicago-based specialty insurance services firm, announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments LP. As a result of the acquisition, Innovisk would become a part of Ryan Specialty …
Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership, announced the launch of the MGA Seraphina. Seraphina will write a broad portfolio of international property business, complementing and diversifying The Fidelis Partnership’s …
The Fidelis Partnership (TFP), the Bermuda-headquartered managing general underwriter, announced the successful completion of a $2 billion refinancing transaction. Led by Blackstone Credit & Insurance, the transaction marks a significant milestone for The Fidelis Partnership, which in January 2023 separated …
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ardonagh Group. Terms of the transaction …
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire the property and casualty (P/C) MGUs owned by Ethos Specialty Insurance LLC from Ascot Group Ltd. Financial details of the transaction were not …
A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study. The global investment management firm’s 11th annual study on the P/C program business …
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority shareholders. Headquartered in London, Castel is a managing general underwriting (MGU) platform with additional …
Amynta Group, the New York-based insurance services provider, announced the completion of the previously announced acquisition of Sutton Special Risk Inc., a managing general underwriter (MGU) of specialty insurance and reinsurance products in Toronto, Canada. Financial details of the deal, …
