Victor, a global managing general underwriter (MGU), is expanding its underwriting capabilities into the reinsurance market. The firm announced it has acquired the business of Regional Treaty Services Corp. (RTSC), a Newport, Rhode Island-based, privately-held reinsurance MGU. Terms of the …
Palisade Partner Launches Specialty Managing General Underwriter Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans to provide a range of contingent legal risk insurance and other specialty insurance products across the U.S. and International markets. …
Bermuda-based Aspen Insurance Holdings Ltd. announced it has entered into agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business. With effect from Jan. 1, 2022, Aspen has joined an additional seven programs from …
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced it has entered the pet insurance market via its Accident and Health unit through a strategic relationship with managing general underwriter Petplan. AXIS Insurance will provide underwriting …
SageSure, a tech-driven managing general underwriter focused on costal residential property markets, raised $125 million in bank financing meant to enable its continued growth plans. “SageSure has always been focused on protecting homeowners in the most challenging and catastrophe-prone insurance …
This group of international People Moves provides details of appointments at insurer AXA XL; Carbon Underwriting, a managing general underwriter; and iprism, a managing general agent. A summary of these new hires follows. AXA XL Insurance announced it has appointed …
Over the last decade, as insurers and reinsurers have sought profitable opportunities for growth, they increasingly have handed the underwriting pen to managing general agents, managing general underwriters, program administrators and other underwriting agencies. These specialized distribution partners have not …
With the volume of premium generated by managing general agents and other delegated underwriting authority enterprises (DUAEs) rocketing skyward in recent years, AM Best had decided it is time to deliver assessments of these entities. “What we’ve seen is really …
International Re (I–RE), the specialist captive insurance and reinsurance managing general underwriter (MGU), is announcing a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted insurer. The partnership will underwrite a range of admitted property and casualty lines …
Managing general underwriter Carbon Underwriting has received in-principle approval from Lloyd’s to launch a syndicate-in-a-box, Syndicate 4747. Carbon will start writing business, effective July 1, 2020, with stamp capacity of £15 million (US$18.4 million) in year one, estimated to rise …
