Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer
Sep 5 2024 // Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings,...
UK’s Specialist Risk Group Acquires Motor Fleet MGA Capulus
Sep 4 2024 // Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Capulus, a specialist motor fleet managing general agent (MGA). Financial details of the deal were not disclosed. Based in...
Clear Group Acquires UK MGA Accelerate Underwriting
Sep 4 2024 // The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Financial terms of the deal, which is its fourth involving an MGA, were not...
Ryan Specialty to Acquire P/C MGUs From Ascot’s Ethos Specialty
Sep 3 2024 // Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire the property and casualty (P/C) MGUs owned by Ethos Specialty Insurance LLC from Ascot...
Florida Peninsula MGA Changes Name to Windward Risk Managers
Aug 21 2024 // Florida Peninsula Managers, the managing general agency for Florida Peninsula Insurance and Edison Insurance, has officially changed its name to Windward Risk Managers, the name of the company that has managed it for...
Ryan Specialty to Acquire Assets of MGU Greenhill From Alera
Aug 20 2024 // Ryan Specialty said it has signed a definitive agreement to acquire certain assets of Greenhill Underwriting Insurance Services from Alera Group, Inc. Terms of the deal were not disclosed. Houston-based Greenhill is a...
Fidelis Partnership Launches Renewables MGA Called ‘Novagen’
Aug 7 2024 // Pine Walk Capital Ltd., the specialist managing general agency platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Novagen, a renewables MGA. Novagen will focus on underwriting...
Innovating Insurance Distribution: The Role of Managing General Agents, Managing General Underwriters and Program Administrators
Aug 7 2024 // This post is part of a series sponsored by Dyad. In the insurance industry, managing general agents (MGAs), managing general underwriters (MGUs), and program administrators (PAs) fill a critical role in facilitating the...
Empowering Insurance Wholesalers: The Dyad Advantage
Aug 5 2024 // This post is part of a series sponsored by Dyad. Wholesalers are a bridge between retail agents/brokers and the markets that provide the specialized coverages that retailers need for their most challenging risks. Their...
J&J MGA Acquires Georgia-Based Strickland General Agency
Aug 2 2024 // Johnson & Johnson, a managing general agency working in 48 states, has acquired Strickland General Agency in Suwanee, Georgia, J&J announced. The deal closed July 31. Terms were not disclosed. Strickland, known as...
MGU Private Client Select Teams With Ryan Specialty on High Net Worth
Jul 26 2024 // Private Client Select Insurance Services (PCS) said it has entered into an agreement with Ryan Specialty on a distribution partnership. The independent managing general underwriter started by American Internal Group (AIG)...
How to Outperform: Don’t Outsource Underwriting to MGAs
Jul 26 2024 // Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their companies as performance...
MGU Carbon Underwriting Gets Initial Lloyd’s Approval to Launch New Syndicate
Jul 23 2024 // Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announced that Lloyd’s has granted in principle approval for the launch of Syndicate 5757, effective Jan....
Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS
Jul 12 2024 // Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter...
Conning Study: MGA Market Still Growing
Jul 12 2024 // A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study. The global investment management firm’s 11th...
People Moves: Grant Joins MGA Devonshire as Underwriting Manager; Generali GC&C Makes 3 Key Appointments in Mediterranean and LatAm Region
Jul 8 2024 // This edition of International People Moves details appointments at the MGA Devonshire Underwriting and Generali Global Corporate & Commercial (GC&C), . A summary of these new hires follows here. Grant Joins MGA...
Specialist Risk Group Acquires Political Violence MGA, Tristar Special Risks
Jul 3 2024 // Specialist Risk Group, the London-based insurance intermediary, announced the acquisition of political violence specialist underwriter, Tristar Special Risks. Tristar Special Risks has deep expertise in terrorism insurance...
Warburg Pincus’ K2 Launches London-Based MGA, K2 Rubicon Specialty
Jun 21 2024 // K2 International, the specialty re/insurance underwriting platform that is owned by private equity firm Warburg Pincus, announced the launch of a London-based MGA called K2 Rubicon Specialty. The new MGA division was...
Markets/Coverages: E&S MGA Ledgebrook Launches Architects & Engineers Product
Jun 21 2024 // Ledgebrook, the Boston-based excess-and-surplus managing general agent, announced it will be expanding its professional lines offerings by launching an architects and engineers product with its capacity provider, the...
A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight
Jun 17 2024 // Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest market segment report,...
