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Bowie Promoted to CEO of MGU Private Client Select Insurance

Jan 8 2025 // Managing general underwriter Private Client Select Insurance Services, majority owned by Stone Point Capital and American International Group (AIG), said Ross Bowie has been appointed chief executive officer, effective...

Ryan Specialty to Acquire Nashville-Based Velocity Risk Underwriters MGU

Jan 7 2025 // Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year.Velocity Risk, providing...

People Moves: Fairfax Insurance Names Young as President, Barnard as Chair; Acrisure Appoints Industry Veteran Reith as Exec Chair of MGA Unit Volante

Jan 3 2025 // This edition of International People Moves details at Fairfax Insurance Group and Acrisure’s Volante.A summary of these new hires follows here. Fairfax Insurance Group Names Young as President, Barnard as...

Brown & Brown’s Nexus Agrees to Acquire Reinsurance MGA Arma in Dubai

Jan 2 2025 // Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd., the parent company of Arma Underwriting Ltd.Arma is a leading specialty reinsurance MGA based...

AM Best Report Cites MGA’s Role in Insurer Insolvencies

Dec 18 2024 // This story has been edited for clarity.In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued litigation and roof claims were not...

Relm Launches 50-State MGA to Be Led by Lavigne

Dec 12 2024 // Specialty carrier Relm Insurance said it has launched a managing general agent licensed in all 50 states.Relm also said Keith Lavigne has joined as head of underwriting – US. He will report to Relm CEO and founder Joseph...

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