Latest Insurance Wholesale Headlines

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

Worldwide Facilities Acquires Clearwater Underwriters of Florida

Aug 5 2020 // Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and program underwriter, has acquired Clearwater Underwriters, Inc., a surplus lines MGA based in Clearwater, Fla.Clearwater...

Teri Colburn Promoted to Regional Vice President, Managing Broker of Breckenridge Insurance Services

Aug 4 2020 // Atlanta, GA, August 4, 2020 — Breckenridge Insurance Services is pleased to announce the promotion of Teri Colburn to regional vice president, managing broker for wholesale brokerage and binding operations in the...

New Value Insurance MGA Offering Non-Standard Auto in Alabama

Aug 4 2020 // Value Insurance MGA, a new Birmingham, Ala., domiciled managing general agent specializing in non-standard auto insurance, is now offering a personal lines auto product in the state.Value MGA founder Daniel Feigenbaum has...

Breckenridge Welcomes Sheree Davis as Senior Vice President, Program Director

Jul 30 2020 // Atlanta, GA, July 30, 2020 — Breckenridge Insurance Group welcomes Sheree Davis to the company as a senior vice president, program director. Davis has more than 30 years of insurance industry experience with significant...

InsurTech NY Opens Applications for October Cohort

Jul 29 2020 // InsurTech NY has announced that it will be accepting applications for its growth-stage InsurTech accelerator.The application window will be open from July 21 to August 17, and applications will be accepted through the...

As COVID-19 Work-From-Home Orders and Online Business Strategies are Revisited, Cyber Coverage Becomes More Important Than Ever

Jul 29 2020 // Monrovia, CA, July 29, 2020 – Plum Insurance Services has the Right Program for Wholesale Insurance Brokers.While COVID-19 continues to spread like wildfire, businesses are being forced to either extend their...

Home, Auto MGA Branch Plans Conversion to Reciprocal Exchange After Raising $24M

Jul 23 2020 // Branch, an insurtech startup focused on bundling digital home and auto insurance, is eying national expansion through 2021 after nailing down $24 million in new financing. The managing general agent (MGA) also plans to add...

iGUARANTEE™ Launches New Bail Bonds Software Platform

Jul 15 2020 // Burlington, NC, July 15, 2020 – Built on the backbone of 20 years combined programming experience, 13 years of Surety Bonding knowledge, 30 years of Sales and Marketing expertise, and more than 15 years of UX / UI...

Insurity Acquires Virtual MGA in Texas

Jul 13 2020 // Insurity Inc., a provider of cloud-based core system solutions and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Austin, Texas-based Virtual MGA.The deal, which closely follows the June...

Profile: MGA Nexus Group Sets Sights on U.S. Growth, Even During COVID-19 Crisis

Jul 9 2020 // Nexus Group, the UK-based managing general agent, is looking to the U.S. for growth opportunities, despite the raging COVID-19 crisis.“With the political landscape and Brexit, it was an obvious choice for us to focus...

Kristopher Parsons Joins Breckenridge Insurance Services to Grow Aviation Business

Jul 9 2020 // Atlanta, GA, July 9, 2020 — Breckenridge Insurance Services is pleased to welcome Kristopher Parsons to the wholesale brokerage and binding firm. Parsons joins the organization as a senior vice president, senior broker...

Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform

Jul 9 2020 // A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing.Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a...

Rice to Retire from Ryan Specialty Group at Year-End

Jul 8 2020 // Mike Rice Sr. will retire from Chicago-based Ryan Specialty Group LLC (RSG) at the end of the year, the company said.Rice joined RSG in 2010 as chairman and CEO of RSG Underwriting Managers LLC (RSGUM) and will have...

Insurity Acquires Epic-Premier Insurance Solutions of Florida

Jul 1 2020 // Insurity, Inc., a provider of cloud-based core systems and data analytics for insurers, brokers, and MGAs, has completed the acquisition of Florida-based Epic-Premier Insurance Solutions, Inc.Epic-Premier offers software...

Insurtech MGA Delos, Canopius to Offer Wildfire Protection Coverage in California

Jun 29 2020 // Delos Insurance Solutions, a property insurtech managing general agent (MGA), has created a new insurance product with Canopius US Insurance designed to improve the homeowners insurance options for those living in wildfire...

Orchid Insurance, Specialty Lines Startup CrossCover Form CAT-Focused MGU

Jun 26 2020 // Orchid Underwriters Agency, LLC, an independent managing general underwriters focused on catastrophe-exposed residential and commercial lines properties, has launched CrossCover Insurance Services, a new MGU that will...

Outlook for Texas’ MGA Insurance Issuer Credit Rating Revised to Positive

Jun 25 2020 // AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of...

Breckenridge Insurance Services Welcomes Expert Brokers Alan Belthoff and Dianna McCall

Jun 24 2020 // Atlanta, GA, June 23, 2020 — Breckenridge Insurance Services is pleased to welcome two expert brokers to the wholesale brokerage and binding firm. Alan Belthoff joins the organization as a senior vice president, senior...

Rival Wholesale Brokers Ryan Specialty Group and All Risks Agree to Merge

Jun 24 2020 // Two of the largest property/casualty insurance wholesalers are looking to merge.The deal will unite Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in Delray Beach,...

New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks

Jun 12 2020 // A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threatsOffering risk management, underwriting and analytics, London-based Astaara will work...