Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Oct 13 2022 // Coalition, the San Francisco-based cyber insurer and cyber-security firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber...
MGA Arcadian Risk Capital Gets Regulatory Approval for London, Dublin Companies
Oct 4 2022 // Arcadian Risk Capital Ltd., a Bermuda-based managing general agent (MGA) and part of the “Class of 2020” announced that it has received regulatory approvals for new London and Dublin companies. Arcadian UK...
Pay-As-You-Go Cargo MGA Closing Insurance Protection Gap for Shippers
Oct 4 2022 // After many years working as a freight and logistics broker in the London market, Johnny McCord understood where the freight industry’s “pain points” were and thought technology and artificial intelligence...
MGAs: An All-Weather Distribution Channel for Soft and Hard Markets
Oct 3 2022 // Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market innovators, by reinsuring the fronting insurers that provide the paper for MGAs to...
People Moves: AXA XL Reinsurance Promotes Twite to CEO, Bermuda; MGA Rokstone Hires 3 Engineering Underwriters From Globe
Sep 30 2022 // This edition of International People Moves details appointments at AXA XL Reinsurance and the MGA Rokstone. A summary of these new hires follows here. AXA XL Reinsurance Promotes Twite to CEO, Bermuda AXA XL Reinsurance...
Specialty MGA Optio Launches MGA and Broking Operations in Dubai
Sep 29 2022 // Optio Group, the London-based specialty managing general agent (MGA), announced it will launch an MGA and reinsurance broker in Dubai, subject to final approvals from the UAE regulatory authorities. Both businesses are...
Cyber MGA Resilience Launches UK Operation
Sep 28 2022 // Resilience, the San Francisco-based cyber managing general agent, has launched an operation in London to serve the UK market. In a deal brokered by Lockton Re LLP, this expansion is backed by a capacity agreement with HDI...
Anthony Carroll and Peggy Day Join Breckenridge to Launch an MGU, Breckenridge Technical Underwriting (BreckTechUW)
Sep 22 2022 // ATLANTA, Ga., September 22, 2022 — Breckenridge Insurance announces the formation of BreckTechUW, a newly formed technical lines complex property operation, focusing primarily on US risks in the energy transition market....
AM Best Viewpoint: The Value of MGAs in a Hardening Market
Sep 20 2022 // The heightened perception of risk stemming from cyber attacks, the climate, pandemics and even inflation are just a few of the volatile factors fueling a demand-side need for more specialized coverage approaches, which...
MGAs: An All-Weather Distribution Channel for Soft and Hard Markets
Sep 15 2022 // Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market innovators, by reinsuring the fronting insurers that provide the paper for MGAs to...
Howden Re and TigerRisk to Create Largest Global MGA
Sep 6 2022 // Howden Re and TigerRisk Partners have announced the creation of a new group, Howden Tiger SabRE, comprising the existing global MGA and program capabilities of Howden Re and TigerRisk. The new MGA will be in place...
Cyber MGA Coalition Launches in UK Insurance Market
Sep 6 2022 // Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz Global Corporate &...
InsurTech Founders Say Launching an MGA Means Learning to Juggle
Aug 24 2022 // Any founders considering launching an InsurTech MGA should learn how to juggle, panelists said during a discussion hosted by Socotra CEO Dan Woods at the 2022 OnRamp Insurance conference. “I don’t know if I can...
Cyber MGA At-Bay Acquires Tech-Solutions Provider Relay
Aug 22 2022 // At-Bay, the San Francisco-based insurtech and managing general agent, announced the acquisition of Relay, a technology solutions provider that enables the digital transformation of commercial insurance...
MGA Euclid Transactional Opens Stockholm Office
Aug 18 2022 // Euclid Transactional, a New York City-based managing general agent that specializes in transactional insurance underwriting, announced the opening of a Stockholm office, which will be led by Vice President Willy Edholm...
BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
Aug 11 2022 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows...
Tadikonda Replaces Edmundson as CEO of Cyber MGA Corvus
Aug 10 2022 // Boston-based insurtech Corvus Insurance said Madhu Tadikonda will take over immediately as CEO, replacing founding CEO Phil Edmundson. Edmundson will assume the new role of executive chair and chair of the board of Corvus....
MGA Incubator NuVenture Launches Product Recall MGA BluNiche
Aug 4 2022 // NuVenture International, which incubates and supports managing general agents (MGAs) in the UK insurance markets, has announced the launch of its third MGA, product recall insurance specialist BluNiche. BluNiche was...
Jensten Group Acquires UK MGA Origin UW
Aug 2 2022 // The Jensten Group, the London-based independent insurance broking group, has completed the acquisition of Origin UW Ltd., following regulatory approval. Origin UW is a boutique managing general agent that provides...
Fidelis’ Credit Ratings Under Review After Announcing Plan to Create MGU: AM Best
Aug 1 2022 // AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Fidelis Insurance Bermuda Ltd., Fidelis...
