All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Apr 30 2021 // San Francisco-based Foresight Risk & Insurance Services is offering new commercial property insurance lines coverages including inland marine, contractors equipment and builders’ risk, which will be offered as a...
Apr 29 2021 // LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum.Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property and...
Apr 26 2021 // A new London-based business is promising to support a diverse portfolio of managing general agencies (MGAs) with resources, as well as back office services and custom technology.NuVenture International Ltd., formed by...
Apr 21 2021 // GroupAssur, a Canadian managing general agent (MGA), specializing in property/casualty insurance lines, announced it has merged with Evolution Insurance, an MGA and wholesaler specializing in complex risks that offers its...
Apr 15 2021 // Applied Underwriters, the Omaha, Neb.-headquartered insurer, announced it has completed the acquisition of UK managing general agent Concept Special Risks (CSR), after receiving regulatory approval.Financial details of the...
Apr 8 2021 // Towerstone, a Dallas-based wholesale insurance division of IMA Financial Group, has acquired Jacobs & Associates, a general agent and excess and surplus lines broker based in Strongsville, Ohio.The transaction was...
Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro.London-based Hiro has developed a home insurance product that...
Apr 5 2021 // With the volume of premium generated by managing general agents and other delegated underwriting authority enterprises (DUAEs) rocketing skyward in recent years, AM Best has decided it is time to deliver assessments of...
Mar 18 2021 // 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...
Mar 17 2021 // 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...
Mar 17 2021 // CFC, a specialist managing general agent, announced it has acquired Insane Technologies, an Australian cyber security and incident response provider.Financial details of the transaction were not disclosed. The deal is...
Mar 8 2021 // The Porch Group, a software platform focused on home services companies, is acquiring Irving, Texas-based managing general agent and insurance carrier, Homeowners of America (HOA).Under a merger agreement, Porch will...
Mar 5 2021 // Specialist Risk Group (SRG), a London-based insurance broker, has agreed to acquire CLS Risk Solutions (CLS RS), subject to regulatory approval.Financial details of the acquisition — its fourth so far this year...
Mar 4 2021 // Brit Ltd. said it will merge its U.S. service company platform, Brit Global Specialty USA, and its managing general agency Ambridge.The combined entity, which will operate under the Ambridge brand as Ambridge Partners LLC,...
Mar 2 2021 // Merlin Underwriting, a Toronto-based managing general agent (MGA), has rebranded as TruStar.TruStar is an independently owned MGA offering specialty insurance across the commercial, professional and financial line...
Feb 26 2021 // Rising Edge, a London-based managing general agent (MGA), writing directors’ and officers’ (D&O) insurance, is set to launch in the first half of 2021.The new company will be led by Chief Executive Officer...
Feb 19 2021 // Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its core construction and engineering products. AXA replaces Swiss Re as the MGA’s main...
Feb 4 2021 // Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe.Based in...
Feb 3 2021 // West Des Moines, Iowa-based Career General Agency LLC (CGA Insurance Services), a subsidiary of GuideOne Insurance, has launched a managing general underwriter (MGU) program with its newly developed CGA Energy...
Jan 13 2021 // Howden Group Holdings announced an investment of $84 million in support of Tamesis DUAL Ltd., the reinsurance division of DUAL Group, the world’s largest international MGA.This additional capacity has been in place...