Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Orion180: From MGU to Stand-alone HO Insurance Carrier
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...
People Moves: MGA Rokstone Names Heaton From Nexus as Head of D&O; RSA Hires CNA Hardy’s Westwood for Cyber Underwriting Team
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&O Rokstone, the...
Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With MGA Moonrock
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...
AIG, Stone Point Capital to Form Independent MGA for High Net Worth Business
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...
Specialty MGA UK Acquires Commercial ForestRe Team from Globe Underwriting
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...
New Jersey Approves MGA Honeycomb to Sell Commercial Real Estate Policies
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...
MGA Arcadian Enters D&F Property Binding Agreement With Aviva for Worldwide Risks
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...
France’s Verlingue Buys Broker Cabinet Depeyre and MGA Depeyre Solutions
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...
Amynta Group to Acquire Brit’s MGU Ambridge Group for $400M, Forms Capacity Deal
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...
Fidelis Completes MGU and Balance Sheet Split
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...
AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops
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...
UK MGA Pen Underwriting Launches Claims Hub Dedicated to Property, Liability
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...
New Report Targets MGA and MGU Barriers to Producer Experience, Distribution Growth
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...
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
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...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
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...
Fidelis Receives Regulatory Nod to Create New MGU, Split Business
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...
Ambac Acquires New Jersey Commercial Auto MGU and Marine Broker
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...
Hourly.io, Great American Insurance Announce MGA Collaboration
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...
AmTrust Acquires Surety MGA CMGIA in California
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...
Update: Specialty MGA UK Launches to Boost Insurance Capacity Across All Territories
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...
