managing general agents (MGAs) News

Nexus Acquires D&O and Financial Institutions MGA Apsley Specialty

Independent specialty managing general agent Nexus Group announced it has completed the acquisition of Apsley Specialty Ltd., a registered Lloyd’s coverholder. Financial details of the transaction were not disclosed. Established in 2012, Apsley Specialty is a London-based specialist directors & …

Ryan Specialty Group Agrees to Buy UK P&I MGA Lodestar Marine from Tawa

Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA in the protection & indemnity (P&I) fixed premium marine market, from Tawa Associates Ltd.* Lodestar’s operations will become part of …

Volante Launches Nordic-Focused MGA, Bridge Underwriting, Led by QBE’s Lindberg

Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Bridge Underwriting AB, a Stockholm-based specialist underwriting MGA. Bridge Underwriting, which will begin underwriting in March, will offer relevant lines sizes …

Ryan Specialty Group Launches Latin America MGA, Capital Bay Underwriting

Ryan Specialty Group (RSG) has launched a Latin American-focused managing general underwriter, Capital Bay Underwriting, based in Miami. Capital Bay’s central emphasis is financial lines re/insurance products for financial institutions and commercial entities across Latin America and the Caribbean. Capital …

MGA Ascent Underwriting Acquired by Preservation Capital Partners

Private equity firm Preservation Capital Partners has completed its acquisition of Ascent Underwriting, the London-based cyber and specialty lines MGA, after obtaining UK regulatory approval. Ascent’s management team will retain a significant shareholding in the company and will continue to …

Edison Motor Launches on Volante’s New UK-Based MGA Platform

Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, has announced the launch of Edison Motor and the appointment of Steven Dickie and Doug Ockwell as joint managing directors of the new operation. Edison Motor …

Volante Global to Launch in Q1 2018 as Multi-Class International MGA Platform

Volante Global Ltd., a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018, subject to Lloyd’s coverholder approvals where appropriate. Volante is a UK-headquartered global underwriting MGA which will underwrite specialist …

Fidelis Takes Equity Stake in New MGA Firestone Surety

Fidelis Insurance announced it has taken an equity stake in a new managing general agent (MGA) Firestone Surety Ltd., and will provide underwriting capacity. Details about the amount of Fidelis’ investment and capacity provision were not released. London-based Firestone will …

UK MGA Plum Opens Underwriting, Support Center in Basildon, England

Plum Underwriting, the specialist home insurance managing general agent in the UK market, has opened an underwriting and service center as part of its strategy to support continued growth. The center, located in Basildon, England, brings together underwriting, claims, pricing, …

Insurtech MGA Wrisk Gets UK Regulatory Authorization

On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK’s Financial Conduct Authority. At the same time being formally admitted into the …