Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Startup Neptune Offering Digital Private Flood Product to Agents, Carriers in Nationwide Expansion
Jan 25 2018 // A digital startup private flood insurance provider, Neptune Flood, has secured $2 million in seed round funding and has plans to “aggressively expand” nationwide by offering its platform to carriers, agencies...
MGA Ascent Underwriting Acquired by Preservation Capital Partners
Jan 25 2018 // Private equity firm Preservation Capital Partners has completed its acquisition of Ascent Underwriting, the London-based cyber and specialty lines MGA, after obtaining UK regulatory approval. Ascent’s management team...
Ryan Specialty Group to Acquire New York’s Irwin Siegel Agency
Jan 24 2018 // Ryan Specialty Group LLC has reached a definitive agreement to acquire the assets and operations of the Irwin Siegel Agency Inc. (ISA). Terms of the agreement were not disclosed. ISA is a human and social service managing...
Consolidation Continues: The Squeezing of Wholesale Brokers
Jan 22 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...
Edison Motor Launches on Volante’s New UK-Based MGA Platform
Jan 19 2018 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Edison Motor and the appointment of Steven Dickie and Doug Ockwell as joint...
JenCap Holdings to Acquire Genesee General of Georgia
Jan 18 2018 // JenCap Holdings LLC (JCH), a specialty insurance business, has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Ga. The...
Ascent Launches Allied Health Professional Liability Product
Jan 17 2018 // Ascent Underwriting, a niche-product managing general agent, has launched a professional liability product for allied health practitioners and facilities in the U.S. Ascent’s new Allied Health product includes a...
Volante Global to Launch in Q1 2018 as Multi-Class International MGA Platform
Dec 20 2017 // Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018, subject to Lloyd’s coverholder approvals where...
Fidelis Takes Equity Stake in New MGA Firestone Surety
Dec 15 2017 // Fidelis Insurance announced it has taken an equity stake in a new managing general agent (MGA) Firestone Surety Ltd., and will provide underwriting capacity. Details about the amount of Fidelis’ investment and...
UK MGA Plum Opens Underwriting, Support Center in Basildon, England
Dec 13 2017 // Plum Underwriting, the specialist home insurance managing general agent in the UK market, has opened an underwriting and service center as part of its strategy to support continued growth. The center, located in Basildon,...
Insurtech MGA Wrisk Gets UK Regulatory Authorization
Dec 6 2017 // On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK’s Financial Conduct...
SIS Wholesale Insurance Services Launches Online Builders Risk Program
Dec 1 2017 // Commercial lines insurance program administrator Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, has launched a new online builders risk program available in all 50 states and Washington...
Starr Cos. Forms Agreement with SMARTT MGA for General Aviation Business
Nov 22 2017 // Starr Cos. announced an agreement with SMARTT MGA to act as agents for Starr International (Europe) Ltd. to provide automated quotes and policy documentation for light general aviation business. “We have built a...
Barbican Insurance Launches U.S. Specialty Property MGA Targeting Southeast, Gulf Coasts
Nov 17 2017 // Barbican Insurance Group has launched Barbican Specialty US, a new managing general agency (MGA) providing wholesale excess and surplus (E&S) property insurance for small-to-medium-sized commercial operations along the...
NIF Group Acquires Connecticut’s Agency Intermediaries and Massachusetts’ A.I.I.
Nov 14 2017 // NIF Group Inc. (NIF), a wholesale broker, program administrator and managing general agency, and its parent company JenCap Holdings LLC (JCH) have agreed to acquire privately held Agency Intermediaries Inc. and A.I.I....
MGA Chord Re Launches as Specialty Reinsurer, Writing on Behalf of Neon
Nov 14 2017 // Chord Re, a new underwriting vehicle established by Stefan Long, formerly head of Aspen Re London, has launched operations on Nov. 6. Chord Re expects to both structure and lead programs in specialist classes and will...
MGA Newbridge Offers Political Violence, Terror Cover; Chaucer, Markel Provide Capacity
Nov 9 2017 // Newbridge Risk Partners, an underwriting cell on the Castel Underwriting MGA formation platform, has secured a new binder with Lloyd’s and London company market capacity to support the continuing growth of its...
UK Regulator to Probe Wholesale Insurance Broking Market
Nov 6 2017 // Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has complained of...
XPT Group Acquires Wholesaler WSS and West-Pro of Texas
Nov 3 2017 // A new insurance distribution partnership XPT Group reports it has acquired WSS, a Plano, Texas, wholesale broker and managing general agency (MGA) including Western Security Surplus Insurance Brokers Inc. and its managing...
Fidelis Launches Treaty Excess-of-Loss MGA, via New MGA Platform Pine Walk
Nov 3 2017 // Bermuda-based Fidelis Insurance announced it has launched its first managing general agent (MGA), called Radius. The MGA will be run by Rob Ashton and will focus on niche specialty treaty excess of loss business, such as...