Managing General Agency (MGA) News

Canada MGA Totten Insurance Buys Lloyd’s Coverholder Anderson McTague

Totten Insurance Group Inc., a Toronto-based managing general agency, announced it has acquired Anderson McTague & Associates Ltd. Terms of the transaction were not disclosed. Headquartered in Saint John, New Brunswick, Canada, Anderson McTague has served Atlantic Canada’s independent insurance …

Fidelis Takes Equity Stake, Provides Capacity, for Energy Market MGA, Kersey Specialty

Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy subscription market insurance and will be managed through …

UK MGU Bluefin Underwriting Rebrands as Victor Insurance

Bluefin Underwriting, a UK-based managing general underwriter (MGU), has rebranded as Victor Insurance. The announcement follows the larger global unification and rebrand of The Schinnerer Group to Victor Insurance earlier this year. Working solely with regional brokers and on behalf …

Randall & Quilter Signs Program Underwriting Partnerships with 3 European MGAs

Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary R&Q Insurance (Malta) Ltd. has signed three new program underwriting partnerships – or fronting arrangements – with European managing general agents. They are: Futura, a Spanish MGA …

AmWINS Targets Marine Insurance with Creation of 2 Specialty MGAs

Global insurance wholesale brokerage AmWINS Group has formed two specialty managing general agencies focused on the marine industry, AmWINS Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU). Argonaut Insurance Co. is providing the insurance capacity for both ASLU and …

Petrilli Named President of AmWINS Group’s Underwriting Division

AmWINS Group Inc., the Charlotte, N.C.-based independent wholesale distributor of specialty insurance products, announced that Robert “Bob” Petrilli has been named president of the firm’s underwriting division, effective immediately. AmWINS’ underwriting division offers a variety of P/C programs for specific …

MGA Sciemus Rebranded as Occam Underwriting, New CEO Appointed

Sciemus, a specialty managing general agency (MGA), is undertaking a series of changes starting with a new name, Occam Underwriting. “Taking its name from ‘Occam’s razor,’ the problem-solving principle that the most straightforward solution is best, Occam Underwriting will bring …

MGAs Working with Insurtech Firms to Bolster Customer Centricity: Survey

Managing general agents (MGAs) are increasingly interested in working with insurtech firms to enable their businesses to become more customer-centric, according to a new survey of UK MGAs. More than 42 percent of survey respondents feel insurtech helps MGAs evolve …

Industry Needs to ‘Question and Call Out’ Rogue MGAs, Says Chilton of Gallagher

While there’s a bright future for managing general agents that “get it right,” Grahame Chilton, CEO of Gallagher UK, warns against tolerating the few rogue MGAs who could ruin the reputation of the entire sector. Chilton, who will be stepping …

Beazley Taps Hawthorne, Formerly with Guarantee, as Territory Manager for E. Canada

Beazley, the specialist insurer, has appointed Jo-Anne Hawthorne as territory manager for eastern Canada. Hawthorne will report to Cheryl Hobbs and will be responsible for developing closer relations with brokers in Ontario, Atlantic Canada, Ottawa and Quebec with a view …