Munich Re watching accumulations as Digital Partners continues investments
Despite pulling capacity from Hippo and Jetty, Munich Re remains committed to its Digital Partners platform amid a greater awareness of how quickly accumulations can mount across the broader group due to the rapid growth of some of its insurtech-focussed underwriting partnerships.
Allstar secures Lloyd’s capacity for three states expansion on program
Allstar Underwriters is expanding its vacation rental program into three new states having secured capacity from Lloyd’s carriers including Hiscox and QBE, The Insurer has learned.
Upsized Trisura Specialty targets business with larger wholesalers
US hybrid fronting carrier Trisura Specialty is aiming to access potential business from the wholesale broking giants of AmWINS, RT Specialty and CRC after its Canadian parent injected additional capital into the platform following a recent fundraise, The Insurer can reveal.
Atlas extends National Interstate tie-up and looks for carrier partners on other lines
Atlas Financial Holdings has extended its agreement with National Interstate that sees it underwrite its paratransit portfolio on behalf of the specialist auto carrier, and revealed it is looking to establish MGA relationships with carriers on the other lines of business it writes.
R&Q’s co-founder Ken Randall to retire March 2021
The co-founder of legacy specialist and program manager Randall & Quilter (R&Q) is to step down from the role of executive chairman at the end of March 2021.
Michael Rice announces plans to retire from RSG
Gallagher’s Pen Underwriting targets £1bn GWP
ReAlign creates program carrier platform with National Lloyds and American Summit deal
Spinnaker acquisition to facilitate geographic expansion as Hippo targets Florida
MGA Bluefire assumes risk with AXA XL collateralized reinsurance deal
SPG buys environmental wholesale broker Beacon Hill Associates
Hub International’s Specialty Program Group (SPG) has announced its second acquisition of the week with a deal to buy environmental wholesale brokerage firm Beacon Hill Associates (BHA).
SPG buys program administrator Avant
Hub International’s Specialty Program Group (SPG) has acquired transportation program administrator and wholesale broker Avant.
ReAlign creates program carrier platform with National Lloyds and American Summit deal
Recently launched vehicle ReAlign Insurance Holdings has completed a transaction that sees it take over National Lloyds and American Summit from Align Financial Holdings (AFH), the PE-backed program and MGA that acquired the two carriers from Hilltop Holdings earlier this year.
Access to paper and alignment of interests
Cementing access to paper and demonstrating alignment of interests with (re)insurers has become increasingly important for MGAs and program administrators.
Florida opportunity draws interest
The well-documented woes of the Florida homeowners market might not paint a picture of a burgeoning opportunity for new entrants, but a number of recent developments point to fresh interest in the Sunshine State.
Company Profile
Trean IPO to help fuel growth and retain more business
Program carrier and MGA platform Trean Insurance Group (TIG) will use a portion of proceeds from its planned IPO to add to its capital base in a move it says will give it the opportunity to access additional business.
Podcast
Spinnaker acquisition to facilitate geographic expansion as Hippo targets Florida
Homeowners insurtech Hippo will use pending acquisition Spinnaker to facilitate its geographic and product expansion as it also looks to a future entry into the Florida market, according to the MGA’s chief insurance officer Rick McCathron.
People Moves
R&Q’s co-founder Ken Randall to retire March 2021
The co-founder of legacy specialist and program manager Randall & Quilter (R&Q) is to step down from the role of executive chairman at the end of March 2021.
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