All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
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...
Nov 9 2022 // Financial services holding company Ambac Financial Group, Inc. announced that it has acquired majority stakes in both All Trans Risk Solutions, LLC and Capacity Marine Corp, both of Mahwah, New Jersey.All Trans is a...
Nov 8 2022 // Hourly.io, a workers’ comp and payroll startup, announced today that it is expanding its reach through a collaboration with Great American Insurance Group.In this expanded collaboration, Hourly will serve as a...
Nov 4 2022 // AmTrust Financial Services Inc. acquired Contractor Managing General Insurance Agency Inc. in California. CMGIA will offer surety bonds to small to mid-size contractors across 50 states. The company is led by Stephanie...
Oct 20 2022 // A new managing general agent has launched in London called “Specialty MGA UK,” which is focusing on providing additional capacity for specialty lines of businesses and hard-to-place risks.Specialty MGA UK...
Oct 13 2022 // Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber...
Oct 4 2022 // Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020” announced that it has received regulatory approvals for new London and Dublin companies.Arcadian UK...
Oct 4 2022 // After many years working as a freight and logistics broker in the London market, Johnny McCord understood where the freight industry’s “pain points” were and thought technology and artificial intelligence...
Oct 3 2022 // Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market innovators, by reinsuring the fronting insurers that provide the paper for MGAs to...
Sep 30 2022 // This edition of International People Moves details appointments at AXA XL Reinsurance and the MGA Rokstone.A summary of these new hires follows here. AXA XL Reinsurance Promotes Twite to CEO, BermudaAXA XL Reinsurance...
Sep 29 2022 // Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities. Both businesses are...
Sep 28 2022 // Resilience, the San Francisco-based cyber managing general agent, has launched an operation in London to serve the UK market.In a deal brokered by Lockton Re LLP, this expansion is backed by a capacity agreement with HDI...
Sep 22 2022 // ATLANTA, Ga., September 22, 2022 — Breckenridge Insurance announces the formation of BreckTechUW, a newly formed technical lines complex property operation, focusing primarily on US risks in the energy transition market....