Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
MGA Platform OneAdvent Buys Property MGA Modus from CFC Underwriting
May 6 2020 // OneAdvent, a London-based managing general agent (MGA) platform, announced the acquisition of Modus Underwriting Ltd., a digital-first MGA focused on providing niche property insurance products to brokers across the...
Breckenridge Insurance Services Welcomes Three Established Brokers
Apr 29 2020 // Atlanta, GA, April 29, 2020 — Breckenridge Insurance Services is pleased to welcome Michael Silvestri, Tracey Burmingham, AAI and Vance Root as vice presidents/brokers to the company as part of its expansion plans...
XPT Specialty Acquires Texas MGA, LP Risk
Apr 24 2020 // XPT Partners LLC has acquired Texas-based LP Risk Inc., a full service managing general agency (MGA) and surplus lines broker with a wide range of commercial property/casualty coverages distributed to retail agents through...
Worldwide Facilities Reports Record Growth as they Celebrate 50th Anniversary
Apr 24 2020 // Los Angeles, CA, April 24, 2020 – This year, Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is celebrating 50 years of industry service and five years of record...
Specialist MGA Lions Gate Expands Canada Offering with Environmental Insurance Cover
Apr 23 2020 // Lions Gate Underwriting, the Vancouver-based specialist managing general agent, has launched a new Environmental Insurance product as part of its coverage offering. The program is being underwritten by Great American...
Sompo Int’l Forms Agricultural Insurance Partnership with Portuguese MGA ATLAS
Apr 22 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that its global agriculture platform, AgriSompo, has entered into a partnership with...
One80 Intermediaries Acquires Ohio’s International Excess Program Managers
Apr 14 2020 // One80 Intermediaries (One80), a national wholesale insurance broker and program manager headquartered in Boston, has acquired Beachwood, Ohio-based International Excess Program Managers (IEPM), a wholesale insurance...
MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia
Apr 9 2020 // Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan...
UK MGA Aqueous Underwriting Offers COVID-Crisis Help for Hospitality, Leisure Clients
Apr 7 2020 // Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to help its clients in the food, hospitality and leisure sectors, which were forced...
EG Insurance Takes Over Policies of Defunct Windhaven MGA The Hearth
Mar 19 2020 // A new managing general agent has taken over the policies of Windhaven Insurance Company subsidiary The Hearth Group and will begin writing new business in Florida and Texas in the near future. EG Insurance Agency, based in...
Tokio Marine HCC to Buy MGA GCube, Renewable Energy Specialist
Mar 5 2020 // Tokio Marine HCC has agreed to snatch up GCube, a managing general agent with a focus on renewable energy risks. The deal is expected to close in the 2020 second quarter, pending the usual regulatory approval process and...
Industry Executive Dennis DiCapua Joins Breckenridge Insurance Group
Mar 3 2020 // Atlanta, GA, March 3, 2020 — Breckenridge Insurance Group announced the appointment of Dennis DiCapua as president of its program division, Blue River Underwriters. DiCapua has a demonstrated track record of building...
Agency M&As: Private Equity Still in Driver’s Seat; Digital Agencies Attract Attention
Mar 2 2020 // The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals involved private equity, according to experts. Most...
Cannabis Insurance Group Expands Coverages, Adds Managing General Agent
Feb 20 2020 // Garnet Underwriting Managers (GUM), the managing general underwriter assigned to manage Garnet Casualty Insurance Corporation, has signed its first managing general agent, Conway E&S of Warrendale, Penn. This is a step...
SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty
Feb 14 2020 // Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain loss of crop quality and yield insurance protection to Brazilian farmers. Neither side disclosed...
Real Estate Investor and Property Insurance Program Webinar for Agents to be Held Tuesday, February 18
Feb 14 2020 // Atlanta, GA, February 14, 2020 — The Specialty Property team at Blue River Underwriters will host an informative webinar on the real estate investor property insurance market and other commercial excess and surplus...
UK MGA Node International Names Lefchik as Director, Cyber Risk for North America
Feb 12 2020 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the expansion of Node International’s North American presence with the addition of Matthew Lefchik, who...
MGA Pen Underwriting Promotes Downey as CEO, Succeeding Turner
Feb 11 2020 // Pen Underwriting has announced the appointment of Tom Downey to the role of chief executive officer, subject to regulatory approval. He takes over the leadership of the £500 million (USS$646 million) GWP underwriting...
Private Equity Still Driving Agency M&As
Feb 10 2020 // Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory...
Argo to Sell Trident Public Risk Solutions to Paragon MGA
Feb 7 2020 // Bermuda-based global specialty lines underwriter Argo Group International Holdings has agreed to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings. Trident Public Risk...
