Latest Insurance Wholesale Headlines

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

Devonshire Underwriting Launches MGA Specializing in Transactional Risk Solutions

Apr 2 2024 // Devonshire UW Ltd. and its affiliate Devonshire UW Europe GmbH (known collectively as “Devonshire Underwriting”) announced the launch of a managing general agent specializing in transactional risk...

People Moves: AXA XL Promotes Cole to Global Chief Underwriting Officer for Marine; DUAL’s Specialist Motor MGA KGM Names Astin as Managing Director

Mar 27 2024 // This edition of International People Moves details appointments at AXA XL and DUAL’s specialist motor MGA KGM.A summary of these new hires follows here. AXA XL Promotes Cole to Global Chief Underwriting Officer for...

California Insurance Wholesalers Association (CIWA) Celebrates Unprecedented Growth and Continues Upward Trend

Mar 19 2024 // SAN FRANCISCO BAY AREA, March 19, 2024 – The California Insurance Wholesalers Association (CIWA), a nonprofit organization dedicated to advocacy, education, and networking in the Property & Casualty segment of the...

Amynta Group Completes Acquisition of Canadian MGU, Sutton Special Risk

Mar 12 2024 // Amynta Group, the New York-based insurance services provider, announced the completion of the previously announced acquisition of Sutton Special Risk Inc., a managing general underwriter (MGU) of specialty insurance and...

People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires García-Beltrán to Grow European Cyber SME Portfolio

Feb 29 2024 // This edition of International People Moves details appointments at the managing general agents Fusion Specialty and Nirvana.A summary of these new hires follows here. Fusion Specialty Appoints Harwood for M&A in Asia...

Cyber MGA Coalition Predicts Common Vulnerabilities to Increase 25% in 2024

Feb 22 2024 // Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25% in 2024 to 34,888 vulnerabilities, or roughly 2,900 per month.The insurtech’s...

SiriusPoint Enters Strategic Partnership With MGU Ryan Specialty Nordics

Feb 13 2024 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based managing general underwriter Ryan Specialty Nordics AB, have announced a new strategic trading partnership.SiriusPoint will support...

Markets/Coverages: Corvus Expands Tech E&O; K2 OCONUS Workers Comp for Government Contractors; Xceedance’s MGA Agility Suite

Feb 8 2024 // Corvus Insurance introduced a newly expanded Tech E&O product with an enhanced appetite backed by Travelers. Smart Tech E+O from Corvus provides creative risk solutions for technology businesses across the spectrum of...

Markets/Coverages: MGA Sands Point Risk Launches With Transaction Liability Practice

Jan 24 2024 // Sands Point Risk, a new managing general agent to be led by the founder of transaction risk solutions at DUAL, has been launched to serve the transaction liability insurance (TLI) sector.Dennis Kearns, who founded the...

Do Regulators, Insureds and Agents Understand How Reciprocal Carriers and Some New MGAs Work?

Jan 22 2024 // I recently read an article regarding how the U.S. Senate wants to investigate how well reserved Florida Citizens is because of their expressed concern that if a large hurricane destroys enough property insured by Florida...

Real Estate MGA Ventis Launches in UK

Jan 11 2024 // Ventis, the commercial and residential real estate managing general agent that provides tailored solutions for a range of property profiles, has opened for business.Founded by Gareth Roberts, previously head of...

At the Intersection of Tech and Insurance: Exploring MGA Funding Then and Now

Jan 11 2024 // This post is part of a series sponsored by AgentSync.Just a few years ago, Managing General Agencies (MGAs) were an attractive investment option in the insurtech space. But market turmoil and emerging industry challenges...

Ryan Specialty Forms International Financial Lines MGU Ryan Financial Lines

Dec 13 2023 // Ryan Specialty said it has formed an international financial lines managing general underwriter (MGU), Ryan Financial Lines.This MGU is being created by unifying the operations of EmergIn Risk, led by Jamie Bouloux;...

Markets/Coverages: MGA Optio and Insurer Partner AmFirst to Offer Political Violence & Terrorism Cover

Dec 12 2023 // Optio Group, the London-based specialty managing general agent (MGA), announced it has entered into an agreement with a new insurer partner to provide underwriting capacity for political violence and terrorism (PVT)...

Markets/Coverages: MGA Rokstone Launches Contingency Portfolio

Nov 30 2023 // Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, announced the launch of a new contingency portfolio with backing from “A”-rated carriers.Rokstone is launching the...

Markel’s State National to Enter UK Market, Offering Program Services for MGAs

Nov 29 2023 // Markel, the insurance operations of Markel Group Inc., announced that its wholly owned subsidiary State National Companies is entering the UK market, effective Jan. 1, 2024.State National, the largest program services...

Product Recall Specialist MGA BluNiche Launches UK Unit for SME Businesses

Nov 28 2023 // BluNiche, a London-based managing general agent (MGA) that specializes in product recall insurance, announced the launch of BluNiche UK to target small and medium sized businesses across the UK.BluNiche UK is led by Ed...

Aviva to Acquire Canadian Vehicle Replacement MGA Optiom for Circa £100m

Nov 27 2023 // Aviva plc announced the acquisition of Optiom O2 Holdings Inc. from Novacap and other minority shareholders for a consideration of approximately £100 million (US$126 million).Calgary, Canada-based Optiom, which operates...

People Moves: SiriusPoint Taps RSA’s Hardy as Director of Sales & Distribution, Int’l; Pro MGA Global Solutions Names Martin Døhlen as MD of European Platform

Nov 15 2023 // This edition of International People Moves details appointments at SiriusPoint and Pro MGA Global Solutions.A summary of the new hires follows here. SiriusPoint Taps RSA’s Hardy as Director of Sales &...

Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy

Nov 9 2023 // Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has...