Latest Insurance Wholesale Headlines
All the headlines from our Insurance Wholesale Topic Page, ordered by recency.
MGA Pen Underwriting Creates Standalone Financial Lines & Specialist Liability Division
Aug 1 2023 // Pen Underwriting, the London-based managing general agent and Gallagher subsidiary, announced changes to its divisional structure to bring together core underwriting capabilities and expertise, for the benefit of its...
Clear Group Acquires UK Specialist MGA, Profile Risk Solutions
Jul 28 2023 // The Clear Group, the London-based independent broker, announced the acquisition of a specialist commercial lines managing general agent, Profile Risk Solutions Ltd. This represents the Clear Group’s third MGA deal...
Marsh Names Williamson CEO of MGU Business, Victor
Jul 27 2023 // Charles Williamson has been hired by Marsh to become chief executive officer of it global managing general underwriting business, Victor. Williamson was most recently co-founder and CEO of Vault, an MGA and reciprocal...
People Moves: DOXA Adds New Team to Launch Property MGA
Jul 20 2023 // DOXA Insurance Holdings Adds New Team to Launch Property MGA DOXA Insurance Holdings, headquartered in Fort Wayne, Ind., welcomed two new team members, Liz Coakley and Caitlin Murphy. Coakley and Murphy, senior-level...
Clear Group Acquires UK-Based MGA, One Commercial Specialty Ltd.
Jul 14 2023 // The Clear Group, the London-based independent broker, announced the acquisition of One Commercial Specialty Ltd., a speciality lines managing general agent. This represents the Clear Group’s second MGA deal and is a...
Specialty MGA UK Approved as Lloyd’s Coverholder
Jul 6 2023 // Specialty MGA UK, a recently formed MGA that is focused on providing additional capacity for specialty lines of business, has been approved as a Lloyd’s coverholder. Coverholder status will allow Specialty MGA UK to...
Gallagher’s Pen Underwriting Acquires Norwegian MGA Fender Marine AS
Jul 6 2023 // Arthur J. Gallagher & Co. announced that its UK-based specialist underwriting subsidiary Pen Underwriting has acquired Norwegian managing general agent (MGA) Fender Marine AS. Terms of the transaction were not...
How Carriers and MGAs Can ‘Kick the Tires’ and Stay On Point with Their Tech Investments
Jun 19 2023 // Car enthusiasts know there’s nothing quite as exhilarating as driving off the lot with a brand-new automobile. That moment when you hit the open road for the first time marks the culmination of an exciting and...
MGA Volante Global Launches Branch in Singapore, Managed by Asta
Jun 2 2023 // Volante Global, a multi-class, multi-territory international MGA and Lloyd’s syndicate, has launched Volante Singapore, according to Asta, the Lloyd’s third-party managing agent. “The launch of Volante...
InsurTech NY Accepting Applications for Digital MGA Lab
Jun 2 2023 // InsurTech NY has opened its application window for its Digital Managing General Agency (MGA) Lab. Applications for the cohort will be accepted through July 15. InsurTech NY brings together carriers, brokers, investors, and...
Markets/Coverages: U.S. Cannabis-Focused MGU Opens for Business in Europe
May 31 2023 // The North American managing general underwriter CannGen Insurance Services (CannGen) has launched a European operation amid expectations that the continent’s legal cannabis market is set for substantial...
MGAs, Delegated Underwriting Authority Enterprises Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best
May 22 2023 // Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new...
California Insurance Wholesalers Association (CIWA) Prepares for Star-Studded Summer Forum Event in Lake Tahoe
May 11 2023 // VIP Speakers include Marcus Allen (NFL) and Annika Sorenstam (LPGA) FAIRFIELD, CA, May 3, 2023 – The California Insurance Wholesalers Association (CIWA), a professional trade association focused on California E&S...
People Moves: BHSI Promotes Browne, Holmes to Global U/W Posts; AXA XL Bolsters Energy Team With 3 Hires; MGA Alta Signa Names Marongiu Technical Head of Cyber U/W
May 9 2023 // This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), AXA XL, and the MGA Alta Signa Europe. A summary of these new hires follows here. BHSI Promotes Browne,...
Specialist Risk Group (SRG) Acquires Medical Liability MGA, The MPLC
May 4 2023 // Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of the managing general agent, The Medical Professional Liability Co. Ltd. (The MPLC), subject to regulatory approval. Financial...
MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best
May 3 2023 // Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 billion, according to a...
People Moves: MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles; AXA XL Insurance Names Duke as Head of Pricing, Mid-Market Team
May 2 2023 // MGA DUAL North America Appoints 3 Industry Veterans for Leadership Roles DUAL North America Inc., a subsidiary of Howden Group, has appointed three industry veterans to leadership and key underwriting roles through...
BMS Group Acquires Australian MGA GARD Insurance
May 2 2023 // BMS Group, the London-based independent specialist re/insurance broker, has acquired the Australian managing general agent GARD Insurance Pty Ltd., which includes ALE underwriting. The terms of the transaction have not...
AIG, Stone Point Finalize Deal to Start MGA for High Net Worth Business
Apr 27 2023 // American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client Select (PCS) Insurance Services. PCS will be an independent managing general agent serving...
Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting
Apr 25 2023 // Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in leading High Net Worth (HNW) broker Stanhope Cooper and managing general agent Renovation...
