Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
Brokers Bucking Disruption: How Wholesalers Hang On Through Change
Sep 4 2017 // As long as there is an insurance industry, wholesaler brokers believe they will have a role to play. “We will continue to be an important sector – a small sector – but still a very important sector of how...
Ascot Launches Specialty MGA, Vertical Underwriting Managers
Aug 31 2017 // Ascot Group Ltd. (AGL) announced the creation of Vertical Underwriting Managers, its first specialty managing general agency (MGA) cell under Ethos Specialty Insurance Services, AGL’s standalone MGA Vertical will...
Breckenridge Insurance Services Welcomes David Stamatis to Team
Aug 29 2017 // Atlanta, GA, August 29, 2017 — Breckenridge Insurance Services welcomes commercial property and casualty broker David Stamatis, ASLI as vice president. Stamatis will further the geographic office expansion of the team to...
NexAssure to Launch MGA for Europe, Middle East Business
Aug 23 2017 // NexAssure Group is set to open a specialist managing general agent, NexAssure Agency (UK) Ltd. in London and has appointed a senior underwriter Mark Angel as head of Specialty to lead the company’s expansion into...
Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services
Aug 22 2017 // Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL. Michael Sillat has been appointed as chief executive officer of Ethos, effective...
DOXA Insurance Holdings Names Wall as Chief Financial Officer
Aug 21 2017 // DOXA Insurance Holdings LLC, a Midwest-based private equity investment firm acquiring medium to small managing general agencies (MGAs), has appointed Kevin Wall as the company’s new chief financial officer (CFO). A...
Sign of the Times – Brokers vs. Carriers on a Classic Soft Market
Jul 24 2017 // Brokers vs. Carriers on a Classic Soft Market Chief executive officers of property/casualty insurance brokers and P/C insurance carriers called each other out in June for engaging in activities they said were...
JenCap Holdings Acquiring Michigan’s Special Risks Facilities
Jul 19 2017 // JenCap Holdings LLC has agreed to acquire privately held Special Risks Facilities Inc., an MGA/contract binding authority and wholesale insurance brokerage firm based in Sterling Heights, Michigan. Special Risks was formed...
London MGA Nexus Acquires U.S.-Based Treaty MGA from ZON Re
Jul 19 2017 // Specialty insurance managing general agent Nexus Group said it has acquired the assets of Personal Accident Treaty Reinsurance MGA operated by ZON Re, a U.S. based treaty reinsurance managing underwriter and Lloyd’s...
RSG Forms LatAm-Focused MGU, Capital Bay Underwriting; Ex-AIG Execs Lead Unit
Jul 11 2017 // Ryan Specialty Group (RSG) announced the formation of its first Latin American-focused managing general underwriter (MGU), hiring two former executives from American International Group to lead the unit. Pascal Alvarez has...
Insurtech Startup Buys MGA in California with Aim of Delivering Product for Agents
Jul 10 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
The Hanover’s Chaucer Acquires SLE Holdings, Sydney-Based MGA
Jul 5 2017 // The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has acquired SLE Holdings, a market-leading Lloyd’s managing general underwriting agency based in...
MGA Pen Underwriting Launches Specialist Cover for UK Construction Market
Jun 27 2017 // Pen Underwriting* has launched a new product to address the UK construction industry’s wide-ranging, complex risk exposures. Backed by “A”-rated capacity from specialist insurer CNA Hardy, the single...
Insurtech Startup Buys MGA in California with Product for Agents in Mind
Jun 22 2017 // Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive...
In ‘Classic’ Soft Market Battle, Brokers and Carriers Attack Each Other
Jun 14 2017 // Chief executive officers of property/casualty insurance carriers and insurance brokers called each other out last week for engaging in activities they said are “classic signs of a soft market.” During a session...
MarketScout Sells Workers’ Compensation Business to Specialty Program Group
Jun 7 2017 // Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it...
Fort Worth’s InsureZone Adds Surplus Lines Rating Technology
Jun 5 2017 // Fort Worth-based InsureZone announced the release of MGA Pro, which can provide real-time surplus lines rating from 25 carriers. InsureZone purchased MGA Pro in 2016 in order to add surplus lines rating to its suite of...
A.M. Best: Outlook Stable for MGA Insurance in Dallas
May 24 2017 // A.M. Best has revised the long-term issuer credit rating (long-term ICR) outlook to stable from positive and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term ICR of “bbb” of MGA...
XDimensional Technologies Announces Expanded Capability to Support Usage-Based Insurance and Telematics
May 24 2017 // Support for Usage-Based Insurance and Telematics allow Carriers, MGAs/MGUs, Program Managers, and Wholesalers to access new market opportunities Brea, CA, May 24, 2017 – Today, XDimensional Technologies announced the XD...
MGA Globe Underwriting Launches Marine Division with UK, Int’l Focus
May 23 2017 // Globe Underwriting, the UK-based managing general agent, has announced the launch of its marine division. The five-strong team is led by Peter Rogers, head of marine, and David Dymond, head of underwriting. They will...
