Optio Group, the London-based independent specialty MGA, announced it has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed sum, subject to regulatory approval. This acquisition follows Optio’s acquisitions of Netherlands and-Brussels based MGA Den Hartigh and Luxembourg-based …
Insurance companies spend billions of dollars a year on advertising—and for good reason. With auto insurance mandated in nearly every state and home insurance required by mortgage lenders, insurance product providers are competing for the attention of almost every American. …
The managing general agency model is attracting a number of ambitious underwriters keen to step away from established insurers to build nimble, specialized, and client-focused MGAs. For many, launching an MGA is a chance to offer a more tailored approach …
Pen Underwriting, the London-based managing general agent, announced a simplified divisional structure to bring together core commercial underwriting capabilities and expertise across the UK and Ireland. Under the central leadership of Sarah Breslin as managing director of the new Commercial …
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 …
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 …
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 …
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 (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, 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 …
