PE-backed Canadian MGA GroupAssur acquires cargo specialist Eagle Underwriting
Private equity-backed GroupAssur has made a move into the US market and further strengthened its position as the largest independent managing general agent (MGA) in Canada with the acquisition of Toronto-based Eagle Underwriting.
PE-backed IMA completes largest ever acquisition with PS&F deal
IMA Financial Group has bolstered its operations in the Pacific Northwest, Alaska and Hawaii with the acquisition of Washington-based Parker, Smith & Feek (PS&F) in a deal that is the largest in its history and will push the fast-growing US broker’s projected 2022 revenues to between $400mn and $500mn.
Brown & Brown reports 8.5% organic growth
US intermediary Brown & Brown recorded slowing organic growth of 8.5 percent in the third quarter compared with the 14.7 percent underlying revenue increase in Q2 2021, but still generated strong margin expansion in a period where top and bottom-line performance was led by its national programs division but wholesale ...
Euclid Transactional secures Searchlight Capital as new minority investor
Searchlight Capital has closed a deal to become the new minority investor partner in M&A insurance MGA Euclid Transactional, The Insurer can reveal.
TMPAA panel: Market boom means there is enough to feed wave of program carriers for now
Strong US program sector growth and the ongoing flow of underwriting teams from traditional carriers to MGAs means there is currently enough business to feed the wave of hybrid program fronting carriers that have entered the market in recent years, according to panellists at Target Markets last week.
Volante’s Aesir Space adds UIB divisional director Balina
London-headquartered MGA Aesir Space has strengthened its roster with the hire of Anastasia Balina from United Insurance Brokers as an underwriter.
BRP adds Murphy and Ushiki-led team from WTW to Japanese practice group
Fast-growing US insurance intermediary BRP Group has added a five-strong team from Willis Towers Watson led by Brian Murphy and Hiro Ushiki to the Japanese practice group in its middle market platform Armfield, Harrison & Thomas (AHT Insurance).
Lockton hires Marsh’s Marcello as Mountain West COO
Lockton has named Julie Marcello as chief operating officer of its Mountain West operations, with the executive joining the US broker after four years at Marsh.
Venbrook makes government contractor play after recruiting WRM’s Allen
US broker Venbrook Group is entering the government contractor market having hired Jason Allen from Worldwide Risk Management to spearhead its move into the sector.
PE-backed Canadian MGA GroupAssur acquires cargo specialist Eagle Underwriting
Private equity-backed GroupAssur has made a move into the US market and further strengthened its position as the largest independent managing general agent (MGA) in Canada with the acquisition of Toronto-based Eagle Underwriting.
Euclid Transactional secures Searchlight Capital as new minority investor
Searchlight Capital has closed a deal to become the new minority investor partner in M&A insurance MGA Euclid Transactional, The Insurer can reveal.
TMPAA panel: Market boom means there is enough to feed wave of program carriers for now
Strong US program sector growth and the ongoing flow of underwriting teams from traditional carriers to MGAs means there is currently enough business to feed the wave of hybrid program fronting carriers that have entered the market in recent years, according to panellists at Target Markets last week.