Managing General Agency (MGA) News

Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions

Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O and PI combined facility for financial institutions in the UK, Europe and the Caribbean, backed by a $10 million Lloyd’s …

Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …

Brown & Brown’s Nexus Agrees to Acquire Reinsurance MGA Arma in Dubai

Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd., the parent company of Arma Underwriting Ltd. Arma is a leading specialty reinsurance MGA based in the Dubai International Financial …

AM Best Report Cites MGA’s Role in Insurer Insolvencies

This story has been edited for clarity. In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued litigation and roof claims were not to blame for …

Markets/Coverages: MGA Aqueous Secures Capacity Deal With Allied World and Sompo

Aqueous Underwriting, the London-based MGA, has secured major new capacity in a three-year deal with A+ rated insurers Allied World and Sompo. The move to a syndicated capacity arrangement provides the MGA with the opportunity to significantly develop and enhance …

Doe & Emuss Launches as Professional Liability U/W Manager and Lloyd’s Coverholder

Doe & Emuss (D&E), the London-based boutique professional liability underwriting manager, has been launched with approved coverholder status at Lloyd’s. D&E is founded and led by industry veterans, Chief Executive David Doe and Managing Director Paul Emuss, who have more …

Fidelis Insurance Group Forms Strategic Partnership With MGA Euclid Mortgage

Fidelis Insurance Group, a Bermuda-based global specialty re/insurer, announced a new strategic partnership with Euclid Mortgage Insurance Services LLC, a managing general agency that specializes in underwriting credit risk on portfolios of residential mortgages. Fidelis Insurance Group will provide reinsurance …

Specialist Risk Group Acquires UK-Based MGA NW Re

Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the deal were not disclosed. SRG said the acquisition reinforces its …

Vertafore Acquires Surefyre to Expand Offerings for MGA Growth

Insurance software-as-a-service provider Vertafore said it has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers. The deal’s financial terms were not disclosed. Denver-based insurtech Vertafore said Surefyre’s artificial intelligence-enabled solution will be added to Vertafore’s …

Multi-Class MGA, Carrow Insurance, Launches, With Former AmTrust Exec at Helm

Mission Underwriters, the MGA incubator, announced the launch of Carrow Insurance, under the leadership of Ronan Conboy, the former CEO of AmTrust International. Carrow is set to focus on warranty, accident & health, and income protection products in the UK …