managing general underwriter (MGU) News

Carbon Underwriting to Launch Syndicate-in-a-Box at Lloyd’s

Managing general underwriter Carbon Underwriting has received in-principle approval from Lloyd’s to launch a syndicate-in-a-box , Syndicate 4747. Carbon will start writing business, effective July 1, 2020, with stamp capacity of £15 million (US$18.4 million) in year one, estimated to …

MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia

Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan and reports to Anthony Stevens, president, Victor International. With a 20-year …

White Mountains’ NSM Insurance to Buy UK’s Kingsbridge Group

NSM Insurance Group (NSM), a Pennsylvania-headquartered managing general underwriting agency and program administrator for specialty insurance programs, has entered into a definitive agreement to acquire Kingsbridge Group Ltd., a provider in the UK of specialist insurance for skilled contractors and …

MGU Lodestar Marine and Aspen Insurance Form Agreement to Provide P&I Cover

Lodestar Marine, the London-based managing general underwriter, announced an agreement with Aspen Insurance to provide protection & indemnity insurance (P&I) to the owners and managers of small and specialized ships. London-based Lodestar provides $50 million of Aspen-backed P&I cover, with …

Brit Makes ‘Significant’ Investment in Toronto-Based MGU Sutton Special Risk

Brit Ltd., the London-based specialty insurer and reinsurer, announced it has made a significant strategic investment in Sutton Special Risk Inc. Financial details of the deal were not released. Toronto-based Sutton is a managing general underwriter (MGU), specializing in accident …

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 …

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 …

Profile: Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’

Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion, Victor has plans to …

Khan Promoted to CEO, President at ThinkRisk and CorPro

Ryan Specialty Group (RSG) announced the promotion of Reza Khan to chief executive officer and president of ThinkRisk Underwriting Agency and CorPro Underwriting Managers. Reza previously served as executive vice president for both entities and has been with ThinkRisk since …

RSG Forms LatAm-Focused MGU, Capital Bay Underwriting; Ex-AIG Execs Lead Unit

Ryan Specialty Group (RSG) announced the formation of its first Latin American-focused managing general underwriter (MGU), hiring two former executives from American International Group to lead the unit. Pascal Alvarez has joined RSG as president and CEO of the specialty …