Waller Helms appointed for potential Breckenridge sale
WR Berkley is looking to divest of its $200mn-plus premium MGA platform Breckenridge Group and has appointed investment bank Waller Helms to run a process that could lead to a potential full sale, The Insurer can reveal.
Moody’s forecasts mid-single digits organic growth for US-listed brokers in 2023
US-listed investment grade brokers will produce organic revenue growth in the mid-single digits in 2023 while profit margins will hold steady or expand for most and companies will be increasingly selective in their acquisitions, Moody’s has forecast in a new report.
MGA Fusion and io.insure launch online M&A solution for SMEs
Specialist MGA Fusion Specialty and insurance purchasing platform io.insure have come together to launch an online M&A insurance product for small to mid-sized businesses, in a move the firms say will address the significant risk protection gap in the SME market.
Biba names Aon’s Kielty as deputy chair
The British Insurance Brokers’ Association (Biba) has named Jane Kielty, chief commercial officer at Aon, as its next deputy chair.
Pet insurtech Odie raises $3mn in RedBird-led round
Odie Pet Insurance, an MGA that distributes pet insurance plans underwritten by Clear Blue Insurance Group, has closed a $3mn round of funding.
Connect UW launches Pixel Re to fill capacity gap for $500mn+ property and downstream energy layers
London-based MGA Connect Underwriting has launched Pixel Re, a new monoline reinsurance vehicle to provide dedicated capacity for property and downstream energy risks.
Biba names Aon’s Kielty as deputy chair
The British Insurance Brokers’ Association (Biba) has named Jane Kielty, chief commercial officer at Aon, as its next deputy chair.
WTW hires Marsh veteran Sallada as head of NA casualty
WTW has recruited long serving Marsh executive James Sallada to serve as its new head of casualty in North America, The Insurer can reveal.
Fitzgerald set for WIA leadership role after QBE exit
QBE North America’s president of commercial insurance Tom Fitzgerald is leaving the carrier with sources linking the executive with a move to head up retail operations at fast-growing World Insurance Associates (WIA), The Insurer can reveal.
Waller Helms appointed for potential Breckenridge sale
WR Berkley is looking to divest of its $200mn-plus premium MGA platform Breckenridge Group and has appointed investment bank Waller Helms to run a process that could lead to a potential full sale, The Insurer can reveal.
MGA Fusion and io.insure launch online M&A solution for SMEs
Specialist MGA Fusion Specialty and insurance purchasing platform io.insure have come together to launch an online M&A insurance product for small to mid-sized businesses, in a move the firms say will address the significant risk protection gap in the SME market.
Pet insurtech Odie raises $3mn in RedBird-led round
Odie Pet Insurance, an MGA that distributes pet insurance plans underwritten by Clear Blue Insurance Group, has closed a $3mn round of funding.