Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Brit Makes ‘Significant’ Investment in Toronto-Based MGU Sutton Special Risk
Jan 8 2019 // Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a...
UK MGA Nexus Acquires Hiscox Global Flying
Dec 20 2018 // Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Hiscox Global Flying (HGF) via an asset purchase into Millstream Underwriting Ltd., a Nexus Group company that...
JLT Re Partners with Insurtech for Auto Insurance MGA Pact
Dec 17 2018 // Reinsurance broker JLT Re North America is partnering with Pact Insurance, a personal auto insurtech company, to develop digital insurance products for mobility risks. Pact is a managing general agency headquartered in San...
Insurance Brokers Sharing in the Sharing Economy
Dec 3 2018 // As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to Harvard Business Review, the sharing or on-demand economy is attracting more than 22.4 million...
Insurtech MGA Corvus Raises $10 Million to Expand Commercial Lines Business
Nov 27 2018 // Corvus Insurance has secured $10 million in new venture financing that the Boston-based insurtech managing general agency plans to use to jump into additional lines of commercial insurance. Two firms led the...
AFL Insurance Brokers Finds Cultural Fit with U.S. MGA Zodiac
Nov 19 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner when it purchased Zodiac Insurance Services, which specializes in...
Patrick Ryan Hails Program Business Amid Retail Consolidation, Moves Toward MGAs
Nov 8 2018 // Target Markets Program Administrator Association Industry Keynote Speaker Patrick G. Ryan, founder, chairman and CEO, Ryan Specialty Group, addressed attendees at the group’s 18th Annual Summit on Oct. 22., in...
AFL Insurance Brokers Finds Good Strategic, Cultural Fit with U.S. MGA Zodiac
Oct 29 2018 // AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner last month when it purchased Zodiac Insurance Services, which specializes in...
To Insure Cyber or Not to Insure Cyber: Cautions and Caveats for Carriers
Oct 22 2018 // While there are some issues with the data, virtually every report shows the cyber insurance market growing. Aon Benfield had it growing 37 percent last year to $1.8 billion. It’s profitable and the loss ratio is in...
Worldwide Facilities Restructures; Promotes Stuckman, Haldeman to President Roles
Oct 16 2018 // National wholesale brokerage, managing general agent and program underwriter Worldwide Facilities has announced a restructuring that reorganizes operations into three divisions: Worldwide Brokerage, Worldwide MGA, and...
MGA Ascent Underwriting Appoints Stops from Brit as Head of Cyber
Oct 4 2018 // Ascent Underwriting, the London-based cyber and specialty lines managing general agent (MGA), has appointed Caspar Stops as head of cyber. Stops, who will take up the role at the end of November, joins from Brit Ltd. where...
Canada MGA Totten Insurance Buys Lloyd’s Coverholder Anderson McTague
Oct 3 2018 // Totten Insurance Group Inc., a Toronto-based managing general agency, announced it has acquired Anderson McTague & Associates Ltd. Terms of the transaction were not disclosed. Headquartered in Saint John, New...
Fidelis Takes Equity Stake, Provides Capacity, for Energy Market MGA, Kersey Specialty
Sep 21 2018 // Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy...
Worldwide Facilities to Acquire Texas Insurance Wholesaler McClelland and Hine
Sep 18 2018 // Los Angeles-based Worldwide Facilities LLC announced plans to acquire managing general agent and excess and surplus lines broker, McClelland and Hine Inc. and McClelland & Hine Trucking Underwriters LLC (collectively,...
Thomas Miller to Acquire Germany’s Zeller Associates’ MGA, Insurance Operations
Sep 17 2018 // London-based insurance provider Thomas Miller reports it has agreed to purchase the managing general agency and insurance services operations of Zeller Associates, a shipping, trade and transport insurance specialist based...
Nexus Completes Acquisition of Castel’s Aerospace MGA Altitude Risk Partners
Sep 10 2018 // Independent specialty managing general agent Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies Limited in an asset...
Auto Insurance Broker Confie Battles JC Flowers Over Failed Acquisition
Sep 7 2018 // It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II Co., an owner of auto-insurance brokerages that cater to Hispanic drivers with spotty credit, paid $100...
Randall & Quilter Forms New Unit for U.S., European Program Management Business
Sep 7 2018 // Randall & Quilter Investment Holdings Ltd. (R&Q) announced a corporate restructuring to create a new division, Accredited, which comprises its U.S. and European program management businesses. Accompanying this...
UK MGU Bluefin Underwriting Rebrands as Victor Insurance
Sep 5 2018 // Bluefin Underwriting, a UK-based managing general underwriter (MGU), has rebranded as Victor Insurance. The announcement follows the larger global unification and rebrand of The Schinnerer Group to Victor Insurance earlier...
Contractors and Roofing Insurance Program Webinars to be Held for Agents in September
Sep 5 2018 // Atlanta, GA, September 5, 2018— Blue River Underwriters will hold two separate informational program webinars this month. The first webinar on the Contractors Elite program this Thursday, September 6 from 11:30 a.m. to...
