Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
LP Risk Acquires Wholesale Insurance Broker, Houston Surplus Lines
Jul 10 2019 // Texas-based managing general agency and surplus lines broker, LP Risk, has acquired the assets and operations of Houston Surplus Lines, an independently owned wholesale insurance brokerage. Houston Surplus Lines team will...
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Jun 17 2019 // National Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, has appointed Nick Greggains CEO of Pioneer’s U.S. operation, effective March 25. Greggains succeeds previous U.S. CEO Gene...
MGA Insurtech GetSafe Lands $17M Financing to Fuel European Expansion
Jun 11 2019 // A managing general agent in Germany that relies on artificial intelligence for its customer platform has raised $17 million in first-round financing. Getsafe’s new money will help propel an expansion into Great...
UK MGA Association Offers Online Training with Chartered Insurance Institute
Jun 7 2019 // The Managing General Agents’ Association (MGAA) announces the launch of “MGA Assess,” an online training solution developed in partnership with the Chartered Insurance Institute (CII). The learning...
8 Considerations for Buyers and Sellers of Insurance Agencies
May 30 2019 // Insurance agency acquisitions and deal values are near an all-time high and all expectations are that deal flow in 2019 will match or exceed last year’s numbers. And while reported numbers tend to skew towards larger...
Cyber MGU At-Bay Launches Excess Policy for High Revenue Clients
May 29 2019 // Cyber insurance MGU At-Bay has launched an excess cyber insurance policy for clients with up to $5 billion in annual revenue, with available limits up to $10 million. At-Bay developed this product to fulfill broker demand...
MS Amlin Acquires Stake in Specialist Reinsurance MGA Envelop Risk
May 21 2019 // MS Amlin announced the purchase of a strategic stake in Envelop Risk, a global specialist reinsurance managing general agent (MGA), which combines insurance expertise with artificial intelligence-driven cyber risk...
‘Pooey Puitton’ Lawsuit Against Louis Vuitton Goes Nowhere
May 17 2019 // Louis Vuitton has won the dismissal of a lawsuit by a California toy company that accused the French luxury goods maker of trying to interfere with its sales of a poop-shaped toy purse for children, Pooey Puitton. U.S....
Aspen to Place UK MGA in Runoff, Closes Dublin Office and Makes Executive Changes
May 15 2019 // Aspen Insurance Holdings is placing its UK managing general agency in runoff, closing its Dublin office and making a slew of executive personnel changes including naming a new CEO of Aspen Bermuda, a new group chief...
K2 Insurance Services Recapitalizes with Lee Equity; Will Spin Off Aegis Security
May 14 2019 // San Diego-based K2 Insurance Services, a specialty insurance services holding company, has found a new equity partner. Lee Equity Partners, a middle market private equity firm, has agreed to acquire a majority ownership...
Vacant Property Program Webinar to be Held Wednesday, May 15
May 14 2019 // Atlanta, GA, May 14, 2019 — Jared Mathis, executive vice president and head of the Blue River Underwriters’ specialty property program group will be presenting an informational webinar on vacant property insurance...
Breckenridge Insurance Group Names Trevor Pierce and Tim Anders to Leadership Positions
May 6 2019 // Atlanta, GA, May 6, 2019 — Breckenridge Insurance Group announced two senior leadership positions at the wholesale insurance organization. Trevor Piece has been promoted to division president for the Breckenridge...
Ryan Specialty Finalizes Acquisition of International Specialty Insurance of North Carolina
May 3 2019 // Ryan Specialty Group, LLC, has acquired the assets and operations of International Specialty Insurance Services Inc. (ISI), an independently owned managing general underwriter with offices in Winston-Salem, North Carolina....
CRC Group Acquires Arkansas MGA, Argenia
May 2 2019 // Parsippany, New Jersey-based CRC Group, a nationwide wholesale distributor of specialty insurance products, has acquired Argenia LLC, a Little Rock, Arkansas-based managing general agent (MGA) and surplus lines...
Corvus Opens Atlanta Office, Hires Fehrman as VP of Cyber Underwriting
May 1 2019 // Corvus Insurance has opened an office in Atlanta, its fifth office location, and hired Joel Fehrman, who will serve as vice president of Cyber Underwriting based in the new office. Fehrman joins Corvus with more than 10...
Appalachian Underwriters Taps Florida-Based Kidd to Lead Commercial Auto
Apr 30 2019 // Appalachian Underwriters, Inc. has hired transportation broker Mary Kidd to focus on large commercial transportation accounts in its Sarasota, Fla., office. Kidd will work with accounts with more than $25,000 in premium,...
Insurtech, Cover, Now Selling Its Own Auto Policies in Texas
Apr 25 2019 // Cover, a mobile-first insurance brokerage, has begun selling its own auto insurance policies in Texas. The new service — an evolution from the company’s nationally-licensed insurance brokerage — combines a...
Pro Global to Buy UK MGA Incubator, Vibe MGA Management
Apr 25 2019 // Pro Global Insurance Solutions, the London-based re/insurance consultant and service provider, announced it will acquire Vibe MGA Management Ltd. (VibeMM), an MGA incubator business. Pro is acquiring VibeMM from Vibe UK...
Keesey Joins Cannasure Insurance Services as Sr. Underwriter in Ohio
Apr 25 2019 // Cannasure Insurance Services (Cannasure), a Cleveland, Ohio-based managing general agent and wholesale insurance broker for the cannabis and hemp industries, hired Jenna Keesey as a senior underwriter in its growing MGA...
Tokio Marine’s ProAg to Acquire AmTrust Financial’s Crop Insurance MGA
Apr 22 2019 // Producers Ag Insurance Group Inc. has agreed to acquire Leawood, Kan.-based managing general agent AmTrust Agriculture Insurance Services. The deal, which is subject to regulatory approvals, is expected to close by May 1....
