IM-Eagle-U-G-GroupAssur-Toronto

PE-backed Canadian MGA GroupAssur acquires cargo specialist Eagle Underwriting

2021-10-27T05:06:00+01:00

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.

Parker Smith & Feek and IMA – 2

PE-backed IMA completes largest ever acquisition with PS&F deal

2021-10-26T17:12:00+01:00

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.

J. Powell Brown, CPCU – Brown & Brown Q3 results

Brown & Brown reports 8.5% organic growth

2021-10-25T21:51:00+01:00

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 ...

Jay Rittberg, Phil Casper and Albert Song – Euclid Transactional

Euclid Transactional secures Searchlight Capital as new minority investor

2021-10-25T16:21:00+01:00

Searchlight Capital has closed a deal to become the new minority investor partner in M&A insurance MGA Euclid Transactional, The Insurer can reveal.

Target Markets

TMPAA panel: Market boom means there is enough to feed wave of program carriers for now

2021-10-25T15:49:00+01:00

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.

Aanastasia  Balina – Aesir Space

Volante’s Aesir Space adds UIB divisional director Balina

2021-10-22T13:55:00+01:00

London-headquartered MGA Aesir Space has strengthened its roster with the hire of Anastasia Balina from United Insurance Brokers as an underwriter.

IM-BRP-Japan-US-flaG-MAP

BRP adds Murphy and Ushiki-led team from WTW to Japanese practice group

2021-10-21T22:02:00+01:00

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).

Julie Marcello – Lockton

Lockton hires Marsh’s Marcello as Mountain West COO

2021-10-20T18:23:00+01:00

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.

Jason Allen – Venbrook

Venbrook makes government contractor play after recruiting WRM’s Allen

2021-10-20T13:00:00+01:00

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.

IM-Eagle-U-G-GroupAssur-Toronto

PE-backed Canadian MGA GroupAssur acquires cargo specialist Eagle Underwriting

2021-10-27T05:06:00+01:00

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.

Jay Rittberg, Phil Casper and Albert Song – Euclid Transactional

Euclid Transactional secures Searchlight Capital as new minority investor

2021-10-25T16:21:00+01:00

Searchlight Capital has closed a deal to become the new minority investor partner in M&A insurance MGA Euclid Transactional, The Insurer can reveal.

Target Markets

TMPAA panel: Market boom means there is enough to feed wave of program carriers for now

2021-10-25T15:49:00+01:00

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.