Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Preventing Burnout at Your Insurance Agency, Carrier, or MGA/MGU
Feb 16 2022 // This post is part of a series sponsored by AgentSync. There’s no beating around the bush, the past two years have been rough to say the least. We are now almost 24 months into the pandemic and daily coronavirus cases...
People Moves: Fairfax Financial Promotes Clarke to President; AXA XL Names Lee as Head of Claims, Canada; Zurich’s Price Joins SiriusPoint as Head of Travel A&H
Feb 14 2022 // This edition of International People Moves details appointments at Fairfax Financial Holdings, AXA XL and SiriusPoint Ltd. A summary of these new hires follows here. Fairfax Financial Holdings Promotes Clarke to...
AgentSync Asking MGAs to Take Poll
Feb 9 2022 // This post is part of a series sponsored by AgentSync. Personal ask: Please take our poll. MGAs don’t always get a lot of love, and we at AgentSync are trying to change that. The last year was one of mind-expanding...
MGA Aqueous Secures New Professional Indemnity Capacity From Great American Int’l
Feb 1 2022 // Aqueous Underwriting has secured increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in 2022. The specialist managing general agent can now offer cover for limits up...
Cyber MGA Resilience Forms Captive Insurer in Bermuda
Feb 1 2022 // Cyber insurance and security provider Resilience Cyber Insurance Solutions has created a captive reinsurance company. Through the Bermuda-based captive, Resilience will retain a share of each risk it underwrites. CJ...
MGA Pen Underwriting Forms 2 New Capacity Deals With QBE Worth £300M
Jan 24 2022 // Pen Underwriting announced two new long-term UK capacity deals with QBE in the highly specialist areas of public authority and higher education risks, as well as hazardous goods, environmental industries and tanker...
Aspen Expands Agreement to Provide Capacity for Ryan Specialty’s MGU Portfolio
Jan 21 2022 // Bermuda-based Aspen Insurance Holdings Ltd. announced it has entered into agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business. With effect from Jan....
Cyber MGA Resilience Becomes Lloyd’s Coverholder
Jan 20 2022 // Resilience, the San Francisco-based cyber managing general agent, announced it has earned delegated authority as a coverholder at Lloyd’s. As a Lloyd’s coverholder, Resilience will be positioned to deliver its...
Illinois-Based Investor Agman Launches MGA Aurenity
Jan 13 2022 // Chicago-based investor Agman has announced the launch of Aurenity, a new tech-enabled Managing General Agent (MGA) targeting the Excess and Surplus (E&S) market. Aurenity will deploy underwriting analytics to determine...
Specialist MGA Platform Pine Walk Launches Energy Liability MGA, OPEnergy
Jan 12 2022 // Pine Walk Capital Ltd., the London-based specialist MGA platform, has announced the launch of its sixth MGA, OPEnergy Ltd. OPEnergy received regulatory approval from the UK regulator on Jan. 6, 2022 and will write onshore...
MGA First Underwriting Forms £1B, 5-Year Capacity Deal With R&Q’s Accredited
Jan 11 2022 // First Underwriting Ltd., the London-based specialist MGA that is part of Kingfisher UK Holdings, announced a five-year capacity deal to place approximately £1 billion (US$1.4 billion) of gross written premium into the...
Optio Acquires Warranty & Indemnity-MGA Brockwell Capital
Jan 5 2022 // Optio Group, a London-based specialty MGA focused on emerging insurance risks, announced it has acquired Brockwell Capital Ltd., a leading warranty & indemnity MGA, for an undisclosed sum. Brockwell, an approved...
People Moves: United Valley Promotes Jarnagin and Kilby; ALKEME in California Names Mitilier President of Its MGA
Dec 30 2021 // United Valley Insurance Services Inc. promoted Rubby Jarnagin and Jamie Kilby. Jarnagin has been promoted to marketing team supervisor. Rubby was formerly a marketing consultant/supervisor and focused on workers’...
Why Small MGA Teams Should Automate Compliance
Dec 27 2021 // This post is part of a series sponsored by AgentSync. Small but mighty is the realest of deals. Yet, even (or especially, depending on your view) small teams can benefit from producer licensing automation. We get it when...
Specialist D&O MGA Banyan Risk Expands Into Canadian Market
Dec 22 2021 // Banyan Risk Ltd., the managing general agent (MGA) that launched in Bermuda this year, is expanding its operations into Canada. Banyan, which underwrites directors and officers (D&O) insurance risk solutions in complex...
3 Ways Insurance Distribution Licensing Software Makes Life Easier for MGAs and MGUs
Dec 21 2021 // This post is part of a series sponsored by AgentSync. Investing in technology can be daunting. The thought of setting up an entirely new system, or migrating from an old one, is enough to stop progress in its tracks for...
Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd.
Dec 20 2021 // Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by its independent managing general agent incubator subsidiary, Pro...
Specialist Risk Group Launches MGA Called MX Underwriting
Dec 14 2021 // Specialist Risk Group (SRG) announced the launch of MX Underwriting. Led by Lee Anderson, SRG deputy CEO, and James Gerry, MX chairman, MX aim to be a £100 million gross written premium business within its first year of...
Is There a Limit to MGA Growth?
Dec 10 2021 // This post is part of a series sponsored by AgentSync. Here at AgentSync, we love talking about growth. Personal growth, professional growth, company growth; we even have an internal slack channel called green-thumb-agents...
Attention Young Professionals: Wholesale Insurance Is ‘Where the Magic Happens’
Dec 9 2021 // According to wholesale insurance executives, their segment of the property/casualty insurance industry is more exciting and fulfilling than other sectors of the industry. It’s also full of potential for young...
