Latest Insurance Wholesale Headlines

All the headlines from our Insurance Wholesale Topic Page, ordered by recency.

Markets/Coverages: MGA Aqueous Secures Capacity Deal With Allied World and Sompo

Nov 22 2024 // Aqueous Underwriting, the London-based MGA, has secured major new capacity in a three-year deal with A+ rated insurers Allied World and Sompo. The move to a syndicated capacity arrangement provides the MGA with the...

Key Benefits of Underwriter Link: Seamless Integration with Legacy Systems and Enhanced Client Satisfaction for Wholesalers, MGAs, and Brokers

Nov 21 2024 // This post is part of a series sponsored by Selectsys.In the competitive insurance industry, Wholesalers, MGAs, and Brokers are always seeking ways to streamline operations, integrate new technology with legacy systems, and...

The Power of BPO for Carriers, MGAs, and Wholesalers: A Comprehensive Solution with Selectsys BPO

Nov 18 2024 // This post is part of a series sponsored by Selectsys.In the fast-paced and ever-evolving insurance landscape, carriers, MGAs, and wholesalers are constantly seeking ways to improve efficiency, reduce costs, and streamline...

Fidelis Insurance Group Forms Strategic Partnership With MGA Euclid Mortgage

Nov 14 2024 // Fidelis Insurance Group, a Bermuda-based global specialty re/insurer, announced a new strategic partnership with Euclid Mortgage Insurance Services LLC, a managing general agency that specializes in underwriting credit...

People Moves: Price Forbes Taps BMS’s Morgan for Global Construction Team; MGA Altea Insurance Names Dixon as Senior Underwriter

Nov 13 2024 // This edition of International People Moves details appointments at the broker Price Forbes and the MGA Altea Insurance.A summary of these new hires follows here. Price Forbes Taps BMS’s Morgan for Global Construction...

Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque

Nov 6 2024 // Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments.Financial details of the deal were not disclosed....

Specialist Risk Group Acquires UK-Based MGA NW Re

Nov 5 2024 // Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re.Financial details of the...

Vertafore Acquires Surefyre to Expand Offerings for MGA Growth

Nov 4 2024 // Insurance software-as-a-service provider Vertafore said it has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers.The deal’s financial terms were not disclosed....

Markets/Coverages: MGA Rokstone Inks 3-Year Direct & Fac Property Deal With Aviva

Oct 23 2024 // Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has announced a three-year binding authority agreement with Aviva for its direct & facultative (D&F) property portfolio.The...

Top 5 Challenges Faced by MGAs in Managing Multi-Carrier Processes and How to Overcome Them

Oct 23 2024 // This post is part of a series sponsored by Selectsys.Managing multi-carrier processes presents significant challenges for Managing General Agents (MGAs). With increasing complexity in the insurance landscape, MGAs must...

Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering

Oct 21 2024 // Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and...

Revolutionizing Submission Automation for MGAs and Wholesalers with AI-Powered Technology: From Email Intake to Quoting in Minutes

Oct 17 2024 // This post is part of a series sponsored by Selectsys.In the fast-paced insurance industry, MGAs and wholesalers are constantly challenged with managing large volumes of submissions from agents. Typically, gatekeepers spend...

Multi-Class MGA, Carrow Insurance, Launches, With Former AmTrust Exec at Helm

Oct 17 2024 // Mission Underwriters, the MGA incubator, announced the launch of Carrow Insurance, under the leadership of Ronan Conboy, the former CEO of AmTrust International.Carrow is set to focus on warranty, accident & health,...

Munich Re Closes Down its High Net Worth MGA, GrovesJohnWestrup

Oct 9 2024 // Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients.“A recent strategic review of our businesses led to the difficult decision that GrovesJohnWestrup Private Clients closed...

Optio Acquires Italian MGA Heca

Oct 9 2024 // Optio Group, the London-based specialty managing general agent, announced it has acquired a strategic investment in the Italian MGA, Heca S.r.l., for an undisclosed sum.Founded in 2010 in Ortona, the province of Chieti in...

Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group

Oct 4 2024 // Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval.The acquisition of Circles,...

The Fidelis Partnership Launches Specialty Reinsurance MGA

Oct 3 2024 // Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Silverflame Re, a new specialty reinsurance MGA.Silverflame Re will...

Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal

Oct 1 2024 // Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs.Formed in 2016 and...

Real Estate MGA Ventis Launches in Ireland

Sep 30 2024 // Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the...

The Fidelis Partnership Launches MGA Seraphina, Led by Sanders From Probitas 1492

Sep 27 2024 // 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...