Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Re/insurer SiriusPoint and MGA Banyan Risk Extend Capacity Relationship
Oct 27 2023 // SiriusPoint Ltd., the specialty insurer and reinsurer, and managing general agent Banyan Risk Ltd. announced an extension of their capacity partnership. The deal extends for three years the Bermuda-based companies’...
Markets/Coverages: USQRisk Starts Corporate Cyber MGA
Oct 25 2023 // USQRisk, the international managing general agent specializing in alternative risk transfer solutions, has announced the launch of Pera, a managing general agent providing cyber and blended cyber and technology E&O...
Markel Takes Minority Stake in UK-Based Tax MGA
Oct 20 2023 // Markel, the insurance operation within Markel Group Inc., announced a 49% strategic investment in Certa Insurance Partners, the London-based specialist tax MGA. This move will accelerate the UK-based tax specialist’s...
Fidelis MGU and Castlelake Launch Aviation-Focused ‘Itasca MGA’
Oct 12 2023 // Pine Walk Capital Ltd., a specialist MGA platform and wholly owned subsidiary of specialty re/insurer Fidelis MGU, and Castlelake L.P., a global alternative investment manager, announced the launch of an aviation-focused...
Markets/Coverages: Irish MGA iSure Launches Professional Indemnity Facility
Oct 10 2023 // iSure, the specialist SME managing general agent in Ireland, part of the re/insurance MGA Rokstone, has announced the launch of a professional Indemnity (PI) facility with a €2 million primary and a €3 million excess...
Markets/Coverages: Coalition Exec Risk Insurance Now on Surplus Paper; ISO Adds 160 New BOP Classifications; MGU Verita Launches
Oct 5 2023 // Coalition’s Executive Risks Insurance Now Available On Surplus Lines Paper Coalition announced its executive risks insurance products are now available on surplus lines paper, making comprehensive management...
MGA Skyrisks Officially Launches With Investment, Capacity From Convex Group
Oct 3 2023 // Skyrisks Ltd., the London-based MGA and specialist in the advanced air mobility (AAM) sector, has officially launched with capacity and a cornerstone investment from Convex Group, the specialty re/insurer. Financial...
Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs
Sep 29 2023 // Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard 2023, for the protection of small-and-midsize enterprises (SMEs). With its...
New MGA in Florida Shows More Growth in Private Flood Market
Sep 28 2023 // The private flood insurance market continues to expand, with a new managing general agent starting up in Florida. Titan Flood Inc., based in Tampa, is being launched by Stephanie Lee, the co-founder and chief operating...
Insurtech MGA Loadsure Partners With WeatherOptics to Boost Cargo Risk Calculations
Sep 27 2023 // Loadsure, the London-based insurtech and managing general agent, has partnered with WeatherOptics, a leading weather intelligence platform, with the aim of bringing weather intelligence into its risk calculations. Loadsure...
MGA iprism Purchases Property-Focused MGA, SK Underwriting
Sep 25 2023 // iprism, the London-based construction, property, commercial and high-net-worth MGA, announced the acquisition of property-focused MGA, SK Underwriting Ltd. for an undisclosed amount. Kent, England-based SK Underwriting was...
Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder
Sep 20 2023 // Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4...
SiriusPoint Announces MGA Partnership with Nordic Marine Insurance
Sep 19 2023 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded in 2012, Nordic Marine is a managing general agent that...
Markets/Coverages: Reinsurance MGA Envelop Risk Launches Program to Aid Cedents’ Entry Into Cyber
Sep 11 2023 // Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation. The initiative, called...
MGAs and Fronting Companies: Exploring the New ‘Asset-Light’ Frontier
Sep 11 2023 // Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies wrote another $13 billion in the same year, a new report says. Reinsurance...
People Moves: Starr Names Chen CEO of Starr Singapore; Arch Re Announces 4 Executive Promotions; Fidelis MGU Boosts Underwriting Team With 6 Promotions
Aug 30 2023 // This edition of International People Moves details appointments at Starr Insurance, Arch Reinsurance and Fidelis MGU. A summary of these new hires follows here. Starr Names Chen CEO of Starr Singapore Starr Insurance...
People Moves: MGA Arrow Risk Launches FinPro Practice, Hiring Wood and Cubitt From IGI; Sompo Int’l Names Röskau as CEO of SI Insurance (Europe)
Aug 16 2023 // This edition of International People Moves details appointments at Arrow Risk Management and Sompo International. A summary of these new hires follows here. MGA Arrow Risk Launches FinPro Practice, With 2 Hires From...
Howden’s DUAL Acquires Equestrian Specialist MGA David Ashby Underwriting
Aug 7 2023 // DUAL, the London-based managing general agent, announced the acquisition of David Ashby Underwriting Ltd. (DAU), an MGA that specializes in bloodstock and high value sports horse insurance. Financial details of the deal...
SiriusPoint Announces Partnership with P/C MGA Eaton Gate
Aug 7 2023 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Eaton Gate, a London-based managing general underwriter (MGU), announced a new partnership. Eaton Gate writes in excess of £100 million GWP through...
The State of the MGA Market
Aug 7 2023 // With forecasts of turbulence for the U.S. economy at the end of last year, 2023 opened to a slow but promising start. This signaled continued opportunities for growth for existing managing general agency (MGA) participants...
