All MGA articles
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News
Agile Lloyd’s Syndicate 2427 approved in principle
New syndicate-in-a-box to focus on niche and SME business written in domestic APAC markets, particularly liability, professional indemnity, accident and health, property and travel.
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Reinsurers cautious about return to aviation war market
Some aviation all-risks reinsurers have been coaxed back into the aviation hull war market, demanding much greater data and awareness of exposures, but a capacity shortfall remains, despite high prices on offer.
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Marine MGA Amphitrite gets full FCA approval
Arch Capital backed London market MGA Amphitrite receives UK regulatory approval.
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DUAL UK announces CUO, distribution and acuarial leadership appointments
Howden’s MGA arm DUAL said the trio of UK senior appointments add to its “leadership team bench strength”.
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GBN Worldwide launches London market broker-MGA
GBN Risk Solutions will initially offer services to UK brokers with international business, with plans to expand to Europe and the US in future.
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Brace Underwriting launches Brace USA
Beat capital backed Brace is launching in the US with Glenn Dorr as president and marketing head for North America.
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Alta Signa launches European marine division
Brussels-based MGA Alta Signa appoints Francesco Dubbioso, in Genoa, to lead its new marine unit.
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Optio expands MENA operation with senior Dubai appointment
New hire joins from Ardonagh Specialty as managing director of broking and general lines for Optio Re MENA in Dubai.
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Ryan Specialty strikes deal to buy Castel from Arch
US re/insurance broker and MGA Ryan Specialty has signed an agreement to acquire Castel Underwriting Agencies in a deal expected to close in the first half of 2024.
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MGA Optio adds political violence, terrorism capacity
Specialty MGA has partnered with a US carrier to deploy fresh political violence capacity, reflecting greater appetite for the standalone insurance business, as buyers seek protection from terrorism and civil unrest risks, and reinsurers eye recent SRCC losses with concern for 1/1.
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O’Shea appointed CFC CEO after misconduct investigation by Lloyd’s
CFC announces senior management changes following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct at the company, without disclosing the details of the probe or any allegations made.
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State National coming to UK MGA market through Markel International
Markel-owned US carrier State National Companies is to launch a “program services division” for UK MGAs in 2024, the insurer has announced.
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Howden Ventures innovation hub launches with £500m capacity
New incubator backed by delegated underwriting capacity from backed by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets. Its first investment was named as CetoAI, a marine technology firm.
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Fidelis MGU, Castlelake launch Itasca MGA for aviation business
Investment manager Castlelake said it believes aircraft non-payment insurance has the potential to unlock attractive financing increasingly out of reach for many aircraft buyers and owners.
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DUAL appoint Harries group underwriting director
Harries joins DUAL, the MGA arm of Howden from Berkshire Hathaway Specialty Insurance.
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Aon launches FI Protect 360
A London market collaboration to “blend” traditional financial and cyber risks, Aon’s FI Protect 360 has access to $100m capacity per client.
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Atkin takes over from Card as Carbon chairman
After five years at the helm of Carbon Underwriting, Stephen Card has passed the chairman role to Rupert Atkin, former CEO of Talbot Underwriting.
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Fidelis MGU makes several exec, senior changes
Richard Coulson has been promoted to deputy group CUO, remaining in his secondary role as CEO of insurance.
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Howden’s DUAL completes David Ashby Underwriting MGA acquisition
The bloodstock business adds to DUAL’s growing MGA book of business.
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Polo, Aon get approval for wildfire Lloyd’s Syndicate 1996
The wildfire risk is the latest of Lloyd’s “Syndicate-in-a-Box” programme.