Latest exclusive news

Gallagher Re and Howden

Gallagher Re brings in Howden’s Field ahead of WTW divestment acquisition

2021-05-25T07:22:00+01:00

Reinsurance intermediary Gallagher Re has swooped on Howden to add Mark Field ahead of its agreed $3.57bn deal to buy Willis Towers Watson (WTW) divestments completing, The Insurer can reveal.

Monnrock Drone Insurance

UK drone insurer Moonrock secures ~£1mn funding as gears up for international growth

2021-05-25T07:21:00+01:00

Drone coverage specialist Moonrock Drone Insurance has secured £1mn ($1.4mn) from a consortium of industry investors as the carrier sets its sights on international expansion, The Insurer can reveal.

CHC Global

CHC targets £3mn equity raise to fund Samphire MGA launch

2021-05-24T07:16:00+01:00

London-based CHC has targeted a £3mn ($4.2mn) equity raise as it looks to fund growth opportunities including the launch of a special risks MGA, The Insurer can reveal.

Topa

Topa back in the market for potential sale

2021-05-21T14:12:00+01:00

Topa Insurance Group is again working with boutique investment bank Dowling Hales to restart a process for a potential sale of the California-based specialty lines and program insurer, The Insurer can reveal.

Miller and Tysers

Miller in talks with Tysers as furious broker consolidation continues

2021-05-20T11:27:00+01:00

London wholesaler Miller is in talks to combine with its rival Tysers, The Insurer can reveal.

Inigo Lloyds

Inigo build-out continues with senior StarStone and PwC hires

2021-05-20T07:28:00+01:00

Lloyd’s start-up Inigo has hired Damien Pujade Lauraine and Ryan Balgobin as it continues to bolster its operations after commencing underwriting at 1 January, The Insurer can reveal.

Tony Ursano and David Kimmel

Ursano teams up with Kimmel to launch Insurance Advisory Partners

2021-05-19T20:00:00+01:00

Tony Ursano is working with former JP Morgan and Deutsche Bank investment banker David Kimmel on the launch of an advisory firm to offer investment banking services such as M&A advice and capital raising with an equal focus on the traditional insurance and emerging insurtech sectors, The Insurer can reveal.

Time Hall – Relation

Relation explores MGA strategy as revenues double to $180mn

2021-05-19T14:01:00+01:00

Aquiline-backed Relation Insurance Services is looking to secure an MGA platform to build out underwriting capabilities around the specialty retail brokerages it has been acquiring over the last two years on a growth trajectory that has seen run-rate revenues pass $180mn, The Insurer can reveal.

US commercial insurance

Fronting start-up Southlake Specialty targets diversified portfolio

2021-05-19T16:47:00+01:00

E&S fronting carrier start-up Southlake Specialty and its admitted subsidiary Westlake Specialty will look to grow a book of business outside the commercial auto focus of affiliate NTA Underwriters, LLC by targeting diversifying product lines with third-party MGAs, The Insurer can reveal.

program manager masthead

Platforms for growth

2021-05-19T16:28:00+01:00

New turnkey MGA platforms are emerging in the program sector looking to provide a home for underwriting teams and seek growth opportunities in a burgeoning marketplace…

Jennifer Hammersley Swiss Re

Swiss Re promotes Hammersley to US financial lines head

2021-05-18T14:23:00+01:00

Swiss Re has promoted long-serving underwriter Jennifer Hammersley to head of US financial lines, The Insurer can reveal, following Salvatore Samà’s recent departure to QBE.

Citizens

Florida’s Citizens issues FOTs with pricing up in the mid-single digits

2021-05-14T19:48:00+01:00

Florida’s fast-growing state-backed insurer Citizens Property Insurance Corporation has put firm order terms (FOTs) to the market this week for its expanded traditional reinsurance placement that are thought to be priced up in the mid-single digits on a risk-adjusted basis, The Insurer can reveal.

Megan Kempe – Axa XL

US property re exec Kempe linked with Vantage after Axa XL exit

2021-05-11T14:49:00+01:00

London-based Megan Kempe has resigned from her position at Axa XL and is understood to be taking on a role at Bermudian start-up Vantage, The Insurer can reveal.

James Boon – Lockton

Aon retro broker Boon heads to Lockton Re

2021-05-10T07:15:00+01:00

Expansive reinsurance intermediary Lockton Re has hired Aon non-marine property retro broker James Boon as it continues to build out its retro practice, The Insurer can reveal.

Arcus

Arcus active u/w Shepherd and NA treaty head James out as ERS brings in new talent

2021-05-07T13:55:00+01:00

Arcus Syndicate 1856 has parted ways with its active underwriter Alex Shepherd and head of North American property treaty Nick James shortly after parent company ERS announced plans to onboard new senior underwriters, The Insurer can reveal.

Prime

Prime Insurance lands Ark’s ex-head of specialty programs Bryant

2021-05-04T14:29:00+01:00

Rick Lindsey-led Prime Insurance has hired Richard Bryant as the expansive US specialty insurer looks to further build its relationships in Bermuda and the London market, The Insurer can reveal.

Andrew Sturdy and Angus Wilson – RI5K

Sturdy AGI Holdings poised to launch London marine war MGA RI5K Underwriting

2021-05-04T07:56:00+01:00

The rebooted London marine broker SSL – now renamed Sturdy Insurance Brokers Ltd – is being repositioned from a marine wholesaler into an MGA incubator after founder Andrew Sturdy recently bought it back from JC Flowers-owned Oneglobal. 

IM-ArchRe-Delos-MapCalifornia

Delos secures new Arch capacity to target wildfire-stressed CA insureds

2021-04-26T20:42:00+01:00

Tech-driven MGA Delos Insurance Solutions has significantly bulked up its California homeowners capacity with the addition of Arch Reinsurance in Bermuda and the group’s Lloyd’s Syndicate 1955 on a reinsurance basis behind its existing paper provider Canopius US Insurance, The Insurer can reveal.