Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
People Moves: Fairfax Insurance Names Young as President, Barnard as Chair; Acrisure Appoints Industry Veteran Reith as Exec Chair of MGA Unit Volante
Jan 3 2025 // This edition of International People Moves details at Fairfax Insurance Group and Acrisure’s Volante. A summary of these new hires follows here. Fairfax Insurance Group Names Young as President, Barnard as...
Brown & Brown’s Nexus Agrees to Acquire Reinsurance MGA Arma in Dubai
Jan 2 2025 // Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd., the parent company of Arma Underwriting Ltd. Arma is a leading specialty reinsurance MGA based...
AM Best Report Cites MGA’s Role in Insurer Insolvencies
Dec 18 2024 // This story has been edited for clarity. In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued litigation and roof claims were not...
Relm Launches 50-State MGA to Be Led by Lavigne
Dec 12 2024 // Specialty carrier Relm Insurance said it has launched a managing general agent licensed in all 50 states. Relm also said Keith Lavigne has joined as head of underwriting – US. He will report to Relm CEO and founder...
Cyber Specialty MGA Envelop Risk Extends Capacity Backing From MS Reinsurance
Dec 11 2024 // Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years. Further to that, MS Reinsurance recently became...
Selectsys Max: The Future of Web-Based Insurance Management for MGAs and Wholesalers
Dec 2 2024 // This post is part of a series sponsored by Selectsys. Introducing Selectsys Max In the fast-paced world of insurance, MGAs and wholesalers need a management solution that is secure, highly customizable, and designed to...
Markets/Coverages: MGA Aqueous Secures Capacity Deal With Allied World and Sompo
Nov 22 2024 // Aqueous Underwriting, the London-based MGA, has secured major new capacity in a three-year deal with A+ rated insurers Allied World and Sompo. The move to a syndicated capacity arrangement provides the MGA with the...
Key Benefits of Underwriter Link: Seamless Integration with Legacy Systems and Enhanced Client Satisfaction for Wholesalers, MGAs, and Brokers
Nov 21 2024 // This post is part of a series sponsored by Selectsys. In the competitive insurance industry, Wholesalers, MGAs, and Brokers are always seeking ways to streamline operations, integrate new technology with legacy systems,...
The Power of BPO for Carriers, MGAs, and Wholesalers: A Comprehensive Solution with Selectsys BPO
Nov 18 2024 // This post is part of a series sponsored by Selectsys. In the fast-paced and ever-evolving insurance landscape, carriers, MGAs, and wholesalers are constantly seeking ways to improve efficiency, reduce costs, and streamline...
Fidelis Insurance Group Forms Strategic Partnership With MGA Euclid Mortgage
Nov 14 2024 // Fidelis Insurance Group, a Bermuda-based global specialty re/insurer, announced a new strategic partnership with Euclid Mortgage Insurance Services LLC, a managing general agency that specializes in underwriting credit...
People Moves: Price Forbes Taps BMS’s Morgan for Global Construction Team; MGA Altea Insurance Names Dixon as Senior Underwriter
Nov 13 2024 // This edition of International People Moves details appointments at the broker Price Forbes and the MGA Altea Insurance. A summary of these new hires follows here. Price Forbes Taps BMS’s Morgan for Global...
Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque
Nov 6 2024 // Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not...
Specialist Risk Group Acquires UK-Based MGA NW Re
Nov 5 2024 // Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the...
Vertafore Acquires Surefyre to Expand Offerings for MGA Growth
Nov 4 2024 // Insurance software-as-a-service provider Vertafore said it has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers. The deal’s financial terms were not disclosed....
Markets/Coverages: MGA Rokstone Inks 3-Year Direct & Fac Property Deal With Aviva
Oct 23 2024 // Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has announced a three-year binding authority agreement with Aviva for its direct & facultative (D&F) property portfolio. The...
Top 5 Challenges Faced by MGAs in Managing Multi-Carrier Processes and How to Overcome Them
Oct 23 2024 // This post is part of a series sponsored by Selectsys. Managing multi-carrier processes presents significant challenges for Managing General Agents (MGAs). With increasing complexity in the insurance landscape, MGAs must...
Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering
Oct 21 2024 // Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and...
Revolutionizing Submission Automation for MGAs and Wholesalers with AI-Powered Technology: From Email Intake to Quoting in Minutes
Oct 17 2024 // This post is part of a series sponsored by Selectsys. In the fast-paced insurance industry, MGAs and wholesalers are constantly challenged with managing large volumes of submissions from agents. Typically, gatekeepers...
Multi-Class MGA, Carrow Insurance, Launches, With Former AmTrust Exec at Helm
Oct 17 2024 // Mission Underwriters, the MGA incubator, announced the launch of Carrow Insurance, under the leadership of Ronan Conboy, the former CEO of AmTrust International. Carrow is set to focus on warranty, accident & health,...
Munich Re Closes Down its High Net Worth MGA, GrovesJohnWestrup
Oct 9 2024 // Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients. “A recent strategic review of our businesses led to the difficult decision that GrovesJohnWestrup Private Clients closed...
