Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
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...
Credit Insurers Stopped Backing Toys ‘R’ Us a Year Ago
Mar 19 2018 // When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11. Now those payments...
Agent-Inspired Insurtechs ‘Self-Disrupt’ Small Commercial Lines
Mar 19 2018 // Insurance industry technology is experiencing a revolution. While insurance carriers and venture capital firms have been behind much of today’s insurtech innovation, insurance agents and brokers have also jumped into...
People
Mar 19 2018 // V3 Insurance Partners LLC, a Newtown, Penn.-based specialty insurance program administrator, has named Brian Janitschke chief operating officer. In this role, he will be based in V3’s Newtown offices and will focus...
Smooth Waters Forms Agreement with National Cargo Bureau
Mar 14 2018 // Smooth Waters, LLC, a subsidiary of RSG Underwriting Managers, LLC (RSGUM), has entered into an engineering service agreement with the National Cargo Bureau, Inc. (NCB) to offer marine loss prevention and claims services...
Castel Bloodstock Secures New Binder with Lloyd’s Capacity
Mar 8 2018 // Castel Bloodstock has secured a new binder with Lloyd’s capacity, provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225. The new capacity supports a bloodstock account focusing on high value thoroughbred,...
Manchester Underwriting Acquires Pelican Underwriting from Asta Capital
Mar 5 2018 // Manchester Underwriting Management Ltd. (MUM) announced it has acquired Pelican Underwriting One Ltd. from third party managing agent Asta Capital Ltd. Pelican Underwriting One trades as Pelican Underwriting and...
People
Mar 5 2018 // Integro Insurance Brokers has named Jacquelyn Neal as a principal in the marine practice. Neal is based in the San Francisco, Calif., office. She will manage a book of existing marine clients and develop new cargo and...
Pennsylvania’s V3 Insurance Partners Names Janitschke Chief Operating Officer
Feb 21 2018 // V3 Insurance Partners LLC, a Newtown, Penn.-based specialty insurance program administrator, has named Brian Janitschke chief operating officer. In this role, he will be based in V3’s Newtown offices and will focus...
Why Wholesale Insurance Brokers Are Under Continuing Pressure to Sell
Feb 13 2018 // Wholesale insurance brokers have been selling off their businesses and it’s not because they are all ready to retire. As in the retail agency segment, consolidation among wholesale brokerages is being driven by...
Nexus Acquires D&O and Financial Institutions MGA Apsley Specialty
Feb 13 2018 // Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder. Financial details of the transaction were not...
Ryan Specialty Group Agrees to Buy UK P&I MGA Lodestar Marine from Tawa
Feb 13 2018 // Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA in the protection & indemnity (P&I) fixed premium marine market, from Tawa...
gotoPremiumFinance and Jetfile Answer the Demand for Instant, Paperless Insurance Billing
Feb 6 2018 // Woodland Hills, CA, February 6, 2018- gotoPremiumFinance and Jetfile Technologies, Inc. are pleased to announce the formation of a partnership that will provide the first integrated and completely paperless point-of-sale...
People
Feb 5 2018 // David Kramer and Theodore Nittis have launched Gemini Risk Partners as an independent professional liability insurance brokerage in Bloomfield Hills, Michigan. The firm will focus on serving law firms, as it did when it...
Volante Launches Nordic-Focused MGA, Bridge Underwriting, Led by QBE’s Lindberg
Feb 2 2018 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Bridge Underwriting AB, a Stockholm-based specialist underwriting MGA. Bridge...
XPT Group Partners with Transportation MGA W.E. Love of North Carolina
Feb 1 2018 // XPT Group has partnered with W.E. Love & Associates (WEL), a 36-year old MGA with expertise in trucking risks. Led by John H. Love and based in Burlington, N.C., WEL offers select retail agencies direct access to...
Ryan Specialty Group Launches Latin America MGA, Capital Bay Underwriting
Jan 29 2018 // Ryan Specialty Group (RSG) has launched a Latin American-focused managing general underwriter, Capital Bay Underwriting, based in Miami. Capital Bay’s central emphasis is financial lines re/insurance products for...
Cannasure Hires Kieran O’Rourke as Director of Underwriting
Jan 29 2018 // Cannasure Insurance Services (Cannasure), a managing general agent and wholesale broker specializing in cannabis insurance, and based in Cleveland, Ohio, has hired Kieran O’Rourke to lead its MGA underwriting...
