All MGA articles – Page 3
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NewsUK specialty MGA launches for hard to place risks
The team is headed up by energy underwriter Philippe Bara and property fac underwriter Mark Palmer
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NewsOptio establishes MGA and reinsurance broker in Dubai
Dr Ahmed Ramadan and Moayyad Abu Hayyeh join as CEO and CUO, A&H, from Besso Re
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NewsAsta and Acrisure to launch 'low-touch' Flux syndicate
Flux is expected to generate gross written premium of £106.7 million in 2023, of which 70% is new to Lloyd’s
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NewsHowden RE and TigerRisk to create mega MGA business
Howden Tiger SabRE will become an MGA/Programme broking group with over $6 billion of premium
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NewsOcean Re expands into Europe with Oceva Risk acquisition
Ocean Re is also looking to acquire or launch an insurance/reinsurance business in Europe and the UK
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NewsMitsui Sumitomo confirms Transverse buyout
The acquisition increases MSI’s US presence and offers access to specialist MGA, wholesale and other broker-led distribution channels
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NewsIGI to buy Norwegian energy MGA
Upon completion of the acquisition, EIO will be renamed IGI Norway
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NewsUS MGA market hits $70 billion
Growth in 2021 was well in excess of the robust growth achieved in the P&C market as a whole, finds Conning
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NewsSiriusPoint partners with specialty MGA Alta Signa
Alta Signa Holdings is a European MGA specialising in financial and professional lines insurance
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NewsAllianz partners with cyber MGA Coalition
Carrier will provide capacity for its US cyber insurance programs and lead Coalition’s UK cyber program when it launches
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NewsNexus establishes financial lines division at Lloyd’s
Box 358 at Lloyd’s will be manned by James Rasmussen, MD of Nexus Frontier and Alex Mobbs, senior underwriter and Nexus co-founder
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NewsMGA market balloons to $15 billion
Annual growth of approximately 21.7% has been achieved by using technology to create new and disruptive offers
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NewsLloyd’s fines insurer over unacceptable behaviours
Lloyd’s of London has levied its biggest-ever fine of over £1m to managing agent Atrium over ’boys’ nights’ misconduct
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NewsSpecialist Risk Group launches new MGA
Specialist Risk Group (SRG) has today (14 December 2021) launched a new MGA, MX Underwriting, fulfilling “a major goal” within SRG’s growth plans.
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NewsZurich signs five-year capacity deal with specialist motor MGA
KGM Underwriting, part of A-Plan and Howden Group, is a UK-based specialist and niche motor MGA.
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NewsDale Partners receives Lloyd’s in-principle approval for MGA creation
The new entity, Dale Managing Agency, will now submit its regulatory business plan – seeking approval from the Prudential Regulation Authority (PRA) and FCA during 2022.
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NewsDavies set to buy Lloyd’s managing agent
Claims organisation Davies has today (8 September 2021) announced the acquisition of third party Lloyd’s managing agency Asta, subject to regulatory approval.
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NewsAriel Re granted ‘In Principle’ approval to establish a Lloyd’s Managing Agent
The new company, Ariel Re Managing Agency (“ARMA”), is expected to manage the business ofSyndicate 1910 and SPA 6117 from early 2022 subject to regulatory permissions.
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NewsNew broker-centric MGA Hoxton Insurance Services hits high net worth sector
A new MGA called Hoxton Insurance Services, which trades exclusively with brokers, has been launched by MGA specialist NuVenture International Ltd.
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NewsReinsurer takes minority stake in specialty MGA
The company recently announced a strategy of targeting high quality specialty MGAs in the United States.
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