Headlines from our Insurance Wholesale Topic Page with the most time spent reading.
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...
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;...
Sep 16 2024 // In a decade defined by disruption, the wholesale insurance market has adapted and evolved to meet the demands of an increasingly complex risk environment. The industry has been remarkable in its ability to pivot, innovate...
Jul 26 2024 // Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their companies as performance...
May 24 2024 // Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers.In its latest market segment report, the...
Oct 23 2024 // This post is part of a series sponsored by Selectsys.Managing multi-carrier processes presents significant challenges for Managing General Agents (MGAs). With increasing complexity in the insurance landscape, MGAs must...
Jul 12 2024 // A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study.The global investment management firm’s 11th...
Nov 6 2024 // Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments.Financial details of the deal were not disclosed....
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...
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...
Jul 26 2024 // Private Client Select Insurance Services (PCS) said it has entered into an agreement with Ryan Specialty on a distribution partnership.The independent managing general underwriter started by American Internal Group (AIG)...
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...
May 21 2024 // Managing general agency Open Road Insurance announced its entry into the marketplace for collector vehicle auto insurance with its first license in Texas, and plans to launch in other U.S. states later this summer.National...
Jun 21 2024 // Ledgebrook, the Boston-based excess-and-surplus managing general agent, announced it will be expanding its professional lines offerings by launching an architects and engineers product with its capacity provider, the...
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...
Jun 21 2024 // K2 International, the specialty re/insurance underwriting platform that is owned by private equity firm Warburg Pincus, announced the launch of a London-based MGA called K2 Rubicon Specialty.The new MGA division was...
Apr 9 2024 // Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector.Phoenix will be led by managing director Tim James,...
Aug 7 2024 // Pine Walk Capital Ltd., the specialist managing general agency platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Novagen, a renewables MGA.Novagen will focus on underwriting the...
Sep 23 2024 // The Fidelis Partnership (TFP), the Bermuda-headquartered managing general underwriter, announced the successful completion of a $2 billion refinancing transaction.Led by Blackstone Credit & Insurance, the transaction...
Sep 20 2024 // Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services.Based in Scottsdale, Arizona, Pivix is an E&S...