Canadian insurtech Foxquilt has secured capacity from Munich Re Innovation Syndicate 1840 to begin underwriting commercial lines products in February, with the SME-focused MGA scheduled to enter the US market in the Spring.
Sompo International Holdings has entered into a long-term partnership with UK insurtech Flock to provide data-driven insurance solutions to commercial drone operators.
XPT-owned Platinum Specialty Underwriters has launched a new bars, taverns and restaurants program through its MGU division WestPro in partnership with hybrid program fronting carrier Obsidian.
Berkshire Hathaway Specialty Insurance (BHSI) has set its sights on the middle market and SME segments with the carrier seeing plenty of opportunities to form partnerships with programs and MGAs, president and CEO Peter Eastwood has told The Insurer TV.
Opportunities to access specialty insurance business and potential fee income continue to attract the attention of capacity providers to the US program sector.