SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based managing general underwriter Ryan Specialty Nordics AB, have announced a new strategic trading partnership. SiriusPoint will support Ryan Specialty Nordics as it offers insurance coverage for onshore windfarms, primarily in …
The Travelers Cos. completed its previously announced acquisition of Corvus Insurance Holdings Inc., a cyber insurance managing general underwriter. The $435 million acquisition was first announced in November 2023, which Travelers said would boost its middle-market excess and surplus lines …
Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority shareholders. Terms of the transaction were not disclosed. Founded in 2014, Castel …
Strategic Risk Solutions (SRS), the Concord, Mass.-based independent insurance company manager, announced the launch of its latest alternative risk transfer (ART) venture: a managing general underwriter called “Altitude.” In a strategic move aimed at expanding its client services portfolio, SRS …
Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has been named CEO of the new unit. “Under Dan Malloy’s …
Fidelis Insurance Holdings Ltd. (FIHL) announced the completion of the transaction creating a new managing general underwriter (Fidelis MGU), separate from FIHL and the existing insurance companies (the Fidelis Insurance Group). Originally announced in July 2022, the transaction became effective …
Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from its existing balance sheet insurance companies. This new structure will allow each entity (Fidelis MGU and Fidelis …
Victor, a global managing general underwriter (MGU), is expanding its underwriting capabilities into the reinsurance market. The firm announced it has acquired the business of Regional Treaty Services Corp. (RTSC), a Newport, Rhode Island-based, privately-held reinsurance MGU. Terms of the …
Palisade Partner Launches Specialty Managing General Underwriter Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans to provide a range of contingent legal risk insurance and other specialty insurance products across the U.S. and International markets. …
Bermuda-based Aspen Insurance Holdings Ltd. announced it has entered into agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business. With effect from Jan. 1, 2022, Aspen has joined an additional seven programs from …
