Latest Insurance Wholesale Headlines

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

UK Specialty MGA Nexus Buys an MGA and a Broker – All in One Day

Apr 3 2019 // UK specialty managing general agent (MGA) Nexus Group lived up to its description as an “acquisitive insurance intermediary holding company,” with the purchase this week of an MGA and an insurance broker.On...

Arch Insurance (UK) Ltd. Acquires UK MGA Axiom Underwriting

Apr 3 2019 // Arch Insurance (UK) Ltd., part of Bermuda-based Arch Insurance International, has completed the acquisition of UK managing general agency Axiom Underwriting, having initially purchased a 60 percent share of the business in...

8 Things to Consider When Buying or Selling an Insurance Agency

Apr 1 2019 // Insurance agency acquisitions and deal values are near an all-time high and all expectations are that deal flow in 2019 will match or exceed last year’s numbers. And while reported numbers tend to skew towards larger...

People

Mar 18 2019 // Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali has been...

H.W. Kaufman, Burns & Wilcox Canada Buy TRU Transportation Risk Underwriters

Mar 8 2019 // H.W. Kaufman Group and Burns & Wilcox Canada announced they have acquired Toronto-based TRU Transportation Risk Underwriters Ltd. (TRU), a Canadian managing general agent (MGA) with expertise in providing risk...

Jordan Named President, CEO of Atlanta-Based Breckenridge Insurance Group

Mar 6 2019 // Breckenridge Insurance Group has appointed David A. Jordan as president and chief executive officer of the wholesale insurance brokerage, programs and financial services company.Jordan succeeds founder and former CEO...

MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law

Mar 4 2019 // Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European...

R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Stabilis

Feb 28 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary, Accredited Insurance (Europe) Ltd., has signed a new program underwriting partnership with Stabilis MGA Ltd., a UK...

New Investor Property Insurance Program Webinar to be Held Thursday, February 28

Feb 25 2019 // Atlanta, GA, February 25, 2019 — Jared Mathis, executive vice president and head of the Blue River Underwriters’ specialty property group will be presenting an informational webinar on a new investor property...

MGA Coalition Covers Firms with Cyber Exposure Under EU’s Data Privacy Law

Feb 20 2019 // Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and mid-sized businesses, announced it is broadening coverage to include exposures to violations of the European...

Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia

Feb 15 2019 // Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in...

MGU Lodestar Marine and Aspen Insurance Form Agreement to Provide P&I Cover

Feb 13 2019 // Lodestar Marine, the London-based managing general underwriter, announced an agreement with Aspen Insurance to provide protection & indemnity insurance (P&I) to the owners and managers of small and specialized...

Ryan Specialty to Acquire International Specialty Insurance Services of North Carolina

Feb 13 2019 // Ryan Specialty Group, LLC has reached a definitive agreement to acquire the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices...

Appalachian Underwriters Adds 4 to Missouri Workers’ Comp Unit

Feb 6 2019 // Appalachian Underwriters Inc. (AUI) has hired four workers’ compensation underwriting professionals in its St. Peters, Missouri, office.Tara Regan-Collins, senior underwriter, is a seasoned insurance professional,...

Insurance Tries to Keep Up with Sharing Economy

Feb 4 2019 // As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting.According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million...

SIS Wholesale Insurance Services Launches Online Commercial Excess Program

Feb 1 2019 // Safebuilt Insurance Services, Inc. dba SIS Wholesale Insurance Services, a national commercial lines insurance program administrator, has launched an online Commercial Excess Liability program.This program offers follow...

Breckenridge Insurance Services To Hold Investor Property Insurance Webinar for Agents

Feb 1 2019 // Atlanta, GA, February 1, 2019 — Breckenridge Insurance Services will hold a webinar for agents who are working with insureds that have real estate investment portfolios such as property investors, property managers and...

Underwriting Platform elseco Agrees to Buy MGA, Selected Renewal Rights from StarStone

Jan 31 2019 // Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to...

AI-Driven MGA Clearcover Raises $43 Million; American Family Among Backers

Jan 23 2019 // American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance.The Chicago-based insurtech startup said...

People

Jan 21 2019 // John Doyle, president and CEO of global insurance broker Marsh, announced the appointments of key leaders for regional, specialty and placement teams worldwide that will be effective upon closing of the acquisition by...