Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Arthur J. Gallagher & Co. Announces Acquisition of New York’s H.R. Keller & Co.
Jun 13 2018 // Arthur J. Gallagher & Co. has announced the acquisition of Buffalo, N.Y.-based H.R. Keller & Co. Inc. Terms of the transaction were not disclosed. H.R. Keller & Co. Inc.’s Eric Keller, Andrew Coric and...
Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK
Jun 11 2018 // European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an...
Breckenridge Insurance Services Hires Commercial Insurance Cyber Specialty Broker Ashley Holtz
Jun 8 2018 // Ashley Holtz Atlanta, GA, June 8, 2018 — Breckenridge Insurance Services is pleased to announce Ashley Holtz has joined the wholesale brokerage team as assistant vice president and broker. Holtz brings additional cyber...
Profile: Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’
Jun 7 2018 // Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion, Victor has...
Arthur J. Gallagher Closes Acquisition of Texas MGA, Pronto Insurance
Jun 6 2018 // Arthur J. Gallagher & Co. has completed the acquisition of Brownsville, Texas-based managing general agency (MGA), broker and claims administrator Pronto Insurance. Pronto’s primary business is the placement of...
Risk Strategies Acquires Cincinnati Intermediaries
Jun 4 2018 // National insurance brokerage and risk management firm, Risk Strategies, has acquired Ohio-based Cincinnati Intermediaries LLC, a specialty wholesale brokerage and managing general underwriter (MGU) focused on professional...
People
Jun 4 2018 // Smart Choice has named Chris Reisdorf, formerly of All Risks, to lead the company’s efforts in North Carolina as state director. A 25-year veteran of the insurance industry, Reisdorf has worked in a number of areas...
Some Texas Insurance Wholesalers Find Strength in Independence
Jun 4 2018 // There’s no denying the robust mergers and acquisition trend among wholesale brokers in the property/casualty insurance industry nationwide, and Texas is no exception. But some Texas wholesale brokers and managing...
Breckenridge Insurance Services Promotes Two Senior Team Members
May 31 2018 // Atlanta, GA, May 31, 2018 — Breckenridge Insurance Services recently promoted two senior team members within the wholesale brokerage team. Trevor Pierce is now the division vice president and managing broker of multiple...
Aon Names Hennessy to Head New Carrier Solutions Group
May 30 2018 // Insurance broker Aon has appointed Karl Hennessy as chief executive officer of the firm’s newly created Carrier Solutions group. The newly formed group will support and grow Aon’s network of managing general...
Castel Specialty Taps White to Lead New Political Risk Division
May 22 2018 // Castel Specialty, the division of managing general agent Castel Underwriting Agencies Limited for smaller books of niche business, has expanded its portfolio with the launch of Castel Political Risk. Led by Tom White,...
MGA Boost Provides Insurtechs with Insurer Access, Backend Operations
May 17 2018 // Boost Insurance has nailed down a dedicated reinsurance facility to help support its B2B insurtech development platform. Nephila is leading the facility with participation from Markel Digital, the insurtech group within...
Arthur J. Gallagher to Acquire Texas MGA, Pronto
May 10 2018 // Arthur J. Gallagher & Co. has agreed to acquire 100 percent of the equity interests of Pronto Holdco LLC, the parent company of Pronto Insurance (Pronto). The transaction is subject to customary closing conditions and...
MGAA Launches Chrysalis Initiative for Next Generation of Insurance Professionals
Apr 23 2018 // The UK-based Managing General Agents’ Association (MGAA) hopes its launch of Chrysalis, a dedicated community for MGAs to share innovation and expertise, will represent the interests of the next generation of...
Cyber Analytics Firm Envelop Risk Launches Cyber MGA
Apr 17 2018 // Envelop Risk, a London-based cyber insurance analytics firm, announced the launch of a cyber managing general agent (MGA). Envelop Risk provides cyber underwriting to re/insurers and partners with cyber security firms to...
HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong
Apr 16 2018 // HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy...
Insurance Wholesaler Socius Insurance Services Opens Dallas Branch
Apr 11 2018 // Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has opened a branch in Dallas — its first in Texas. Assistant Vice President of Property and Casualty Chris Barnes will...
Worldwide Facilities to Acquire Sullivan Group
Apr 9 2018 // Two leading Los Angeles-based national wholesale insurance businesses will be joining forces as Worldwide Facilities has agreed to acquire The Sullivan Group. Worldwide Facilities plans to acquire all of the outstanding...
UK MGA Castel Specialty Launches Global Property Facultative Reinsurance Cover
Apr 3 2018 // Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio. Paul Witzenfeld joins Castel Specialty...
Cloud-Based Insurtech Startup Insly Raises €2.2M ($2.7M) in Funding
Mar 23 2018 // Insly, a cloud-based insurance platform, announced an investment of €2.2 million (US$2.7 million), led by Concentric and Black Pearls VC. Founded in 2015, Insly offers insurance policy management for insurance brokers...
