Managing General Agency (MGA) News

UK MGU StartPoint Taps Liberty Specialty’s Selby to Lead Financial Institutions Team

London-based managing general underwriter StartPoint Executive Risks has appointed Mark Selby as head of its newly created financial institutions underwriting practice. The FI practice is a complement to the current management liability underwriting practice and a next stage in the …

MGA Volante Obtains US$900M in Capacity to Support 9 Global Underwriting Teams

Volante Global Ltd., the new international managing general agent (MGA) platform, has successfully secured a US$900 million gross premium, multi-class, multi-territory “A+” capacity treaty agreement. The capacity will support nine new underwriting teams which will work across seven classes of …

Property MGA EPUL Offers Online Terrorism Cover as Pool Re Alternative in UK

European Property Underwriting Ltd. (EPUL), the London-based commercial property managing general agent (MGA), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an alternative to Pool Re. EPUL’s stand-alone terrorism policy provides material damage and …

Digital Workers’ Comp Agency Pie Insurance Enters 3 More States

Digital agency Pie Insurance has begun selling its low-cost small business workers’ compensation insurance policies online in Colorado, Louisiana and Texas. That brings the total states for Pie to seven as in March it began selling in Illinois, Georgia, Tennessee …

Envelop Risk Appoints Hannover Re’s Chatterjee as Chief Underwriting Officer

Envelop Risk, a London-based cyber insurance analytics and underwriting firm, announced it has appointed Aritra (Ari) Chatterjee as chief underwriting officer. Chatterjee was formerly the lead cyber underwriter with Hannover Re (Bermuda), a line of business he helped to establish. …

Ensurance UK Launches Combined Construction Liability Product

Ensurance UK Ltd., the niche construction and engineering managing general agent (MGA) and Lloyd’s coverholder, has launched a combined construction liability product, backed by Faraday Syndicate 435 at Lloyd’s. The new liability product extends Ensurance UK’s construction and engineering portfolio, …

Cyber Analytics Firm Envelop Risk Launches Cyber MGA

Envelop Risk, a London-based cyber insurance analytics firm, announced the launch of a cyber managing general agent (MGA). Envelop Risk provides cyber underwriting to re/insurers and partners with cyber security firms to deliver custom cyber insurance products for their customers. …

HWI International Launches MGA with Asian Focus: NuVu Underwriting Hong Kong

HWI International Group, the privately owned insurance business, has announced the launch of NuVu Underwriting Hong Kong Ltd., a new managing general agent (MGA) in Hong Kong, headed up by industry veteran Jeremy Austen. Subject to regulatory approval, NuVu Underwriting …

UK MGA Castel Specialty Launches Global Property Facultative Reinsurance Cover

Castel Specialty, the division of club-style MGA formation platform Castel Underwriting Agencies Ltd., has added a global property facultative reinsurance offering to its portfolio. Paul Witzenfeld joins Castel Specialty to underwrite a book of global property facultative reinsurance business targeting …

Castel Bloodstock Secures New Binder with Lloyd’s Capacity

Castel Bloodstock has secured a new binder with Lloyd’s capacity, provided by Canopius Syndicate 4444 and AEGIS Syndicate 1225. The new capacity supports a bloodstock account focusing on high value thoroughbred, sports horse and show horse risks, and equine mortality …