Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
MGA Insurtech Corvus Acquires Cyber-Focused Wingman Insurance
Aug 6 2021 // Managing general agent Corvus Insurance, fresh off of raising $115 million in new venture financing, has made an acquisition with an eye on the admitted coverage marketplace and more digital platform partnerships. More...
UK’s Managing General Agents’ Association (MGAA) Expands to Republic of Ireland
Jul 30 2021 // The UK’s Managing General Agents’ Association (MGAA) has expanded its membership into the Republic of Ireland (ROI) following an initiative driven by Chief Executive Mike Keating. The move to enable MGAs,...
People Moves: AXA XL Hires AXIS’ Watson as Snr U/W; Hartford’s Pallett to Tegron; Chubb’s Bagaric to BHSI; MGA Spring Hires AXA XL’s Stanford
Jul 13 2021 // These international People Moves detail appointments at AXA XL, Tegron Specialty (the new D&O underwriter), Berkshire Hathaway Specialty Insurance, and London-based MGA platform Spring Partners. A summary of these new...
MGA Rokstone Receives Coverholder License to Underwrite in Africa
Jul 12 2021 // Rokstone, the international speciality re/insurance MGA, part of the Aventum Group, announced it has secured an insurance agent license from the Financial Services Commission in Mauritius (FSC). The company is now fully...
SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance
Jul 8 2021 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. The company has been...
Truist/CRC Adds Major Wholesale Insurance Clout with Constellation Acquisition
Jul 6 2021 // Truist Insurance Holdings and its wholesale insurance subsidiary CRC Group have closed on the acquisition of Constellation Affiliated Partners, an insurance distribution platform operating seven managing general agents...
MGA Rokstone Launches US$18M Marine Cargo Facility, Hiring Lloyd’s Veteran Birchard
Jul 6 2021 // Rokstone, the London-based speciality re/insurance managing general agent (MGA), has launched a US$18 million global facultative general marine cargo facility. Backed by A-rated global carriers, the facility includes US$5...
Honeycomb, Digital MGA for Multi-Family Property Insurance, Launches with $3.3M
Jun 23 2021 // Honeycomb, a managing general agent (MGA) for commercial real estate insurance, announced its North American launch following a $3.3M million raise. Investors in Honeycomb (formerly Agilius) include from Phoenix Insurance,...
People Moves: Hiscox’s Barriol to Liberty Specialty; Howden MGA DUAL Offers Forestry, Hiring White Oak’s Steward
Jun 14 2021 // This wrap-up of international People Moves details recent appointments at Liberty Specialty Markets and underwriting agency DUAL, which is part of Howden Group Holdings. A summary of these new hires follows here. Liberty...
New Falcon Risk MGA Targets Financial, Cyber With Argo Pro Ex-President Landi as CEO
Jun 8 2021 // Falcon Risk Holdings is the name of a new managing general agency formed by Griffin Highline Capital, HDI Global Specialty SE and Craig Landi, former Argo Pro president who will lead the new entity. Summit, New...
D&O Specialist MGA, Rising Edge, Launches with 4 Senior Appointments
May 26 2021 // Rising Edge, a London-based directors and officers (D&O) managing general agent, announced its official launch with the appointment of four key hires. As previously announced, Rising Edge will focus on D&O...
Insurance Technology: Vertafore Unleashes Analytics for Agencies; MGA Mile Auto Raises $10.3M, Partners With Ford
May 25 2021 // Insurance agency technology firm Vertafore has released a product it says puts the power of data and analytics into the hands of independent agencies. The new offering, MarketTrends, helps agencies identify coverage...
Truist Acquires Constellation Affiliated Partners Wholesaler Platform With 7 MGAs
May 24 2021 // Truist Insurance Holdings has agreed to acquire Constellation Affiliated Partners from RedBird Capital Partners. The transaction will add approximately $160 million of annual revenue to Truist Insurance Holdings’...
ArgoGlobal Provides Capacity of $25M for Green Finance MGA Tierra Underwriting Ltd.
May 13 2021 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has formed a partnership with green finance managing general agency, Tierra Underwriting Ltd. ArgoGlobal is providing $25 million in underwriting capacity to...
Specialist Risk Group Buys Dublin-Based MGA, Blackrock Insurance Solutions
May 13 2021 // Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of specialist Irish liability and property managing general agent (MGA), Blackrock Insurance Solutions. Financial details of...
MGA Pouch Debuts With ILS Capital Backing, Telematics for Small Commercial Fleets
May 13 2021 // Pouch, an insurtech MGA using telematics to reward small businesses for safe driving, disclosed it has raised some initial financing that will help accelerate its launch into the commercial auto insurance market. ILS...
California MGU Foresight Expands Commercial Property Offerings
Apr 30 2021 // San Francisco-based Foresight Risk & Insurance Services is offering new commercial property insurance lines coverages including inland marine, contractors equipment and builders’ risk, which will be offered as a...
London MGA Optio Acquires Nuclear Insurance Specialist MGA Northcourt
Apr 29 2021 // LONDON — Optio Group, a specialty managing general agency, said it has acquired nuclear risk specialist Northcourt for an undisclosed sum. Launched in 2010, Northcourt is an MGA licensed to underwrite nuclear property...
London’s NuVenture to Support MGAs with Funding,Technology
Apr 26 2021 // A new London-based business is promising to support a diverse portfolio of managing general agencies (MGAs) with resources, as well as back office services and custom technology. NuVenture International Ltd., formed by...
Canadian MGA GroupAssur Merges with Evolution Insurance
Apr 21 2021 // GroupAssur, a Canadian managing general agent (MGA), specializing in property/casualty insurance lines, announced it has merged with Evolution Insurance, an MGA and wholesaler specializing in complex risks that offers its...
