All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Mar 16 2023 // Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in the UK.The company is...
Mar 9 2023 // Nirvana, a London-based managing general agent, has launched in London after acquiring leading media, tech and cyber underwriter, Nirvana Risk Partners, from the MGA formation platform Castel Underwriting Agencies in a...
Mar 6 2023 // During a webinar about an insurance industry labor market survey last month, an industry recruiter said that insurance carriers are losing ground to managing general agents in the war for talent.“On the property and...
Feb 21 2023 // Brookfield Underwriting, the specialist Stockholm-based high net worth managing general agent, announced it has been acquired by Säkra, one of Sweden’s largest insurance intermediaries, which itself has just been...
Feb 17 2023 // Florida-based Orion180, known for its heavy use of technology as a managing general underwriter, is officially transitioning to a stand-alone surplus lines property insurance carrier. Orion180 Insurance Co. is domiciled in...
Feb 16 2023 // This edition of International People Moves details appointments at the UK-based MGA Rokstone and RSA Insurance.A summary of these new hires follows here. MGA Rokstone Names Heaton as Head of D&ORokstone, the...
Feb 14 2023 // Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for larger commercial drone operations, meeting an increased demand in...
Feb 14 2023 // Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of understanding with Stone...
Feb 9 2023 // Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has acquired the ForestRe team from Globe Underwriting, the UK-based MGA.Financial...
Feb 2 2023 // The New Jersey Department of Insurance has given Honeycomb Insurance approval to sell policies statewide.The technology-based managing general agent (MGA) serves the commercial real estate market and will offer insurance...
Jan 23 2023 // Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020,” announced that it has entered into a direct and facultative (D&F) property binding arrangement with...
Jan 12 2023 // French broker Verlingue, a subsidiary of Adelaïde Group and specialist in corporate protection, is continuing its external growth strategy with two new acquisitions that will consolidate its presence in the Grand Est...
Jan 9 2023 // Brit Ltd.’s managing general underwriter, Ambridge Group, will be acquired by Amynta Group for $400 million.In addition, a multi-year strategic partnership has been formed in which Brit (a subsidiary of Fairfax...
Jan 4 2023 // Fidelis Insurance Holdings Ltd. (FIHL) announced the completion of the transaction creating a new managing general underwriter (Fidelis MGU), separate from FIHL and the existing insurance companies (the Fidelis Insurance...
Dec 29 2022 // AM Best has assigned an A+ financial strength rating of A+ (Superior) to PartnerRe Insurance Solutions Bermuda Ltd. (PartnerRe Ins Solutions BM Ltd), a newly added member of PartnerRe Ltd. The ratings outlook is...
Dec 19 2022 // Pen Underwriting has launched a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, which will complement its existing team of specialists in Manchester, England.As part of...
Dec 19 2022 // This post is part of a series sponsored by AgentSync. For MGAs and MGUs looking to own the future of their distribution channels, having a reputational advantage with downstream agencies and maintaining a stellar producer...
Dec 7 2022 // Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which assigned a positive...
Dec 5 2022 // Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for global property and...
Nov 28 2022 // Fidelis Insurance Holdings Ltd. announced it has received regulatory approval to create a new managing general underwriter (Fidelis MGU), which is separate from the existing balance sheet insurance companies – known as...