All MGA articles – Page 6
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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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NewsRokstone receives cover holder licence to underwrite in Africa
Rokstone, the international speciality (re)insurance MGA, part of Aventum Group, has announced it has secured an Insurance Agent Licence from the Financial Services Commission in Mauritius (FSC) and is now fully authorised to underwrite business directly in Africa from its office in Mauritius. Brokers across Africa can now access world ...
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NewsCFC Syndicate 1988 starts trading
Cyber-focused MGA CFC Underwriting has confirmed that its Lloyd’s of London syndicate - CFC Syndicate 1988 – has incepted and begun trading today
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NewsCanopius announces the launch of its algorithmic underwriting platform, Vave, as an MGA
Vave MGA is forecast to exceed $100m premium by the end of the year, and, as a digital platform with diverse capital, Vave is positioned for rapid and sustained growth.
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NewsQ Underwriting announces renewal deal with long-term insurance partner
As Q Underwriting celebrates its’ second birthday, the MGA has announced a renewal deal with a long-term A rated partner.
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NewsThird Point Reinsurance Announces Partnership with New Bermuda-based MGA
Third Point Re today announced an investment in Arcadian Risk, a start-up led by John Boylan, a well-known industry executive with a 30-year track record in the global insurance market. Third Point Re will own a minority stake in the newly-formed company.
