All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Aug 10 2022 // Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson.Edmundson will assume the new role of executive chair and chair of the board of Corvus....
Aug 4 2022 // NuVenture International, which incubates and supports managing general agents (MGAs) in the UK insurance markets, has announced the launch of its third MGA, product recall insurance specialist BluNiche.BluNiche was founded...
Aug 2 2022 // The Jensten Group, the London-based independent insurance broking group, has completed the acquisition of Origin UW Ltd., following regulatory approval.Origin UW is a boutique managing general agent that provides...
Aug 1 2022 // AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Fidelis Insurance Bermuda Ltd., Fidelis...
Aug 1 2022 // With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the managing general agency (MGA) model attracts...
Jul 27 2022 // This post is part of a series sponsored by AgentSync. With pumpkin spice lattes nigh, we can nearly smell the coming of a very busy time of year for carriers, agencies, MGAs/MGUs. Yes, you guessed it, we’re talking...
Jul 26 2022 // This edition of International People Moves details appointments at the broker Howden RE and the MGA Alta Signa Europe.A summary of these new hires follows here. Howden RE Hires Former Carpenter Exec Thienel to Launch...
Jul 25 2022 // Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from its existing balance sheet insurance companies.This new...
Jul 20 2022 // A Brooklyn, New York-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company’s total funding to date to $15.5 million.The round...
Jul 20 2022 // With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the MGA model attracts talent.Conning listed the...
Jul 8 2022 // InsurTech Fund, a venture capital fund associated with InsurTech NY, has announced that it will be accepting applications for its first Digital MGA Lab, a three-month program focused on managing general agents.The program...
Jul 6 2022 // Geo Underwriting, The Ardonagh Group’s MGA subsidiary, has completed the acquisition of the managing general agent Lorega Holdings Ltd. from Alcuin Capital Partners.Financial details of the transaction were not...
Jul 4 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Jul 1 2022 // Insurance technology vendor Vertafore reports that it has acquired MGA Systems, a provider of software for managing general agencies based in Melville, New York.Vertafore said the acquisition gives its customers access to...
Jun 30 2022 // PCF Insurance Services acquired Utah-based property/casualty managing general agent United Underwriters. United Underwriters offers agencies across the Western United States P/C MGA services and programs including...
Jun 21 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Jun 21 2022 // Aura Underwriting, part of Rokstone, the Aventum Group’s global specialty re/insurance MGA, has announced the launch of Aura Parametric, a new Caribbean parametric product to complement its existing Lloyds Caribbean...
Jun 15 2022 // Pine Walk Capital Ltd., the London-based specialist MGA platform and Fidelis subsidiary, has launched a seventh MGA, Pernix Specialty Ltd., which specializes in political risk and non-payment risks.Pernix will be led by...
Jun 7 2022 // InsurTech MGA Loadsure announced the launch of its new smart annual cargo product, Cargo Plus.The new offering is an annualized ocean cargo product that will deliver the financial convenience of a pay-as-you-go policy with...
Jun 7 2022 // iprism Underwriting, the specialist commercial, property and high net worth MGA, has added property/casualty insurance company AmTrust to its property owners panel as broker demand for specialist property owners cover...