Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Insurance Technology: MGA Insight Risk Targets Water Damage; Beazley Starts Cyber Incident Response Rooms
May 24 2022 // Insight Risk Targets Builder’s Risk Water Damage Losses Insight Risk, a technology-focused Builder’s Risk managing general agent (MGA), announced it is launching an innovative model designed to reduce water...
Memo to Brokers: Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator
May 23 2022 // Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an executive at the insurer...
Insurance Technology: Zurich’s FieldView Simplifies Crop Reporting; Kinetic Adds ‘Jump Detection’ to Wearables; Beat Capital to Launch MGAs Using OneShield
May 20 2022 // Zurich’s Climate FieldView Expands Precision Crop Information for RCIS Zurich North America crop insurance business – Rural Community Insurance Services (RCIS) – has added Climate FieldView to its list of...
How States Regulate or Limit MGA Non-Commission Fees: A Sample
May 18 2022 // This post is part of a series sponsored by AgentSync. Managing general agents (MGAs) are a black hole of insurance knowledge – with many avenues of compensation, it can be confusing to understand how MGAs are even...
People Moves: Chubb Canada Names Johnstone President as Alfieri Retires; MGA Loadsure Promotes; Canopius Names Atrium’s Wallace for Marine Treaty
May 9 2022 // This edition of International People Moves details appointments at Chubb Canada, insurtech MGA Loadsure and Lloyd’s re/insurer Canopius. A summary of these new hires follows here. Chubb Names Johnstone President of...
FutureProof Secures $6.5M to Launch Climate Risk MGA
May 6 2022 // San Diego-based FutureProof Technologies, which calls itself a “climate-smart property/casualty insurtech,” announced that it has raised $6.5 million in capital led by AXIS Digital Ventures, bringing its total...
Seaglass Opens Workers Comp MGA in Florida
May 5 2022 // Seaglass Insurance Group, with offices in Estero, Florida, is a new managing general agent offering workers’ comp insurance through a national carrier, along with risk management and safety programs. Austin Seaglass...
Why MGAs Should Proactively Verify Producer Data
Apr 27 2022 // This post is part of a series sponsored by AgentSync. Despite common industry misconceptions, managing general agents and underwriters (MGAs and MGUs) are also on the hook in a variety of ways for proactively verifying...
People Moves: Lockton Restructures Int’l Leadership; MGA Arcadian Promotes Barna for Transactional Liability; McGill and Partners Hires DARAG’s Hill for Structured Solutions
Apr 26 2022 // This edition of International People Moves details appointments at brokers Lockton and McGill and Partners as well as the Bermuda MGA Arcadian Risk Capital. A summary of these new hires follows here. Lockton Announces New...
Maryland Authorizes Remote Rather Than On-Site Reviews of MGAs
Apr 19 2022 // Insurance companies can conduct remote rather than on-site reviews of their managing general agents in Maryland beginning in October. Gov. Larry Hogan has signed legislation recommended by the state’s insurance...
Global MGU Victor Enters Reinsurance, Acquiring Rhode Island Firm RTSC
Apr 13 2022 // Victor, a global managing general underwriter (MGU), is expanding its underwriting capabilities into the reinsurance market. The firm announced it has acquired the business of Regional Treaty Services Corp. (RTSC), a...
Markets/Coverages: Palisade Legal Risk MGU; Tokio Marine Kiln IP Abatement; Marsh Cybersecurity Marketplace
Apr 12 2022 // Palisade Partner Launches Specialty Managing General Underwriter Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans to provide a range of contingent legal risk insurance and...
People Moves: Aon Names Ferreira LatAm CEO of Reinsurance Solutions; Fidelis Promotes Herget in D&F Property; MGA DUAL Europe Names Ghilosso as Chair
Apr 12 2022 // This edition of International People Moves details appointments at Aon, Fidelis Insurance and MGA DUAL Group. A summary of these appointments follows here. Aon Names Ferreira as LatAm CEO of Reinsurance Solutions, Muñoz...
Howden’s Motor Specialist MGA KGM Underwriting Acquires UK Motor MGA Eridge
Apr 1 2022 // KGM Underwriting Services, a UK specialist motor insurer and subsidiary of Howden Group, announced the acquisition of Eridge Underwriting Agency, a managing general agent (MGA) that focuses on specialist and higher-rated...
People Moves: Faylo New U.S. Cyber & Tech Leader at Lockton; Big ‘I’ Names Boggs VP of Agent Development; MGA Falcon Hires 3 Senior Leaders
Mar 31 2022 // Lockton appointed Michelle Faylo as its U.S. Cyber & Technology Leader. Faylo will lead Lockton’s team of skilled cyber specialists, delivering innovative and effective solutions to global businesses that face...
Occam Completes Purchase of Terrorism-Specialist MGA Beech Underwriting
Mar 31 2022 // Occam Underwriting, the specialist lines managing general agency (MGA), announced it has completed the acquisition of Beech Underwriting Agencies Ltd. having received the required approval from the Financial Conduct...
People Moves: TigerRisk Boosts Delegated Authority Offering; Mosaic Expands M&A Liability Team With 4 Hires; MGU Carbon Names Chubb’s Turner as Property U/W
Mar 30 2022 // This edition of International People Moves details appointments at broker TigerRisk Partners, Mosaic Insurance and MGU Carbon Underwriting. A summary of these new hires follows here. TigerRisk Partners LLC, a leading risk,...
Acrisure Acquires MGA Platform Volante Global From Markel’s Nephila
Mar 23 2022 // Acrisure, the Grand Rapids, Mich.-based financial services and insurance brokerage firm, announced it is acquiring Volante Global, a multi-class, multi-territory international managing general agent (MGA). Headquartered in...
‘Essential’ MGAs, Other DUAEs Face Inflation, Staffing Pressures
Mar 21 2022 // Taking a deep dive into the world of managing general agents and other delegated underwriting authority enterprises, AM Best reports that premiums generated by DUAEs are climbing, and interest in MGA acquisitions remains...
Insurtech MGA Loadsure Raises $11M to Expand Cargo Insurance Technology Platform
Mar 11 2022 // Insurtech MGA Loadsure announced that it closed its $11 million Series A funding round, led by MMC Ventures. Other investors included Crowley, a global maritime, energy, and logistics company, and existing investor...
