MGA News

FTP of California Rebrands as Hinterland Insurance, Moves HQ to Colorado

FTP of California LLC has rebranded to Hinterland Insurance and moved its headquarters to the Denver Tech Center in Colorado. The rebrand is part of a larger strategy to reflect the firm’s growing business in the U.S. The company continues …

Howden Re and TigerRisk to Create Largest Global MGA

Howden Re and TigerRisk Partners have announced the creation of a new group, Howden Tiger SabRE, comprising the existing global MGA and program capabilities of Howden Re and TigerRisk. The new MGA will be in place following the completion of …

Insurance Technology: MGA Insight Risk Targets Water Damage; Beazley Starts Cyber Incident Response Rooms

Insight Risk Targets Builder’s Risk Water Damage Losses Insight Risk, a technology-focused Builder’s Risk managing general agent (MGA), announced it is launching an innovative model designed to reduce water damage losses on commercial occupancies by up to 90%. By bundling …

‘Essential’ MGAs, Other DUAEs Face Inflation, Staffing Pressures

Taking a deep dive into the world of managing general agents and other delegated underwriting authority enterprises, AM Best reports that premiums generated by DUAEs are climbing, and interest in MGA acquisitions remains high. In a March 1, 2022 report …

Omaha National Raises $45M, Will Transition to Being Direct Workers’ Compensation Writer

Technology-enabled workers’ compensation and payroll services provider Omaha National Group, Inc. announced a $45 million Series B round led by Accomplice. The company said it plans to use the funds to support its transition to operating as a direct insurance …

New MGA Seeks To Streamline Professional Liability Coverage

ProFinity Insurance Services to offer wholesale solution for design, engineering, construction and manufacturing LOS ANGELES, Dec. 14, 2020 – ProFinity Insurance Services, a specialty MGA focused on the design, engineering, construction and manufacturing industries, recently opened its doors to wholesale …

Breckenridge Insurance Services To Hold Investor Property Insurance Webinar for Agents

Atlanta, GA, February 1, 2019 — Breckenridge Insurance Services will hold a webinar for agents who are working with insureds that have real estate investment portfolios such as property investors, property managers and REITs. This time-saving BreckInvest technology helps to …

UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’

Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers claims management services to Nexus’ underwriting partners as well as insurance …

Bains to Step Down as CEO of DUAL; Firm to Be Led by Regional Mgmt Board

Hyperion Insurance Group, the London-based insurance intermediary group, announced that Talbir Bains, CEO and CUO of DUAL Group, the underwriting arm of Hyperion, has decided to step down from his role at the end of January 2017. Bains joined DUAL …

Nexus Signs 3-Year Capacity Deal with XL Catlin to Write Financial Lines in Asia

Nexus Underwriting, the independent specialty managing general agent (MGA), has signed a three year underwriting capacity deal with XL Catlin in Asia through XL Insurance Co. SE. Through its new branch based in Hong Kong, Nexus Underwriting Asia (HK) will …