Ryan Specialty Group (RSG)’s wholesale broker RT Specialty has appointed Doug Hathaway head of its national transportation practice and its Interstate Insurance Management program in the wake of John Buchan’s upcoming retirement.
Risk Strategies has acquired Specialty Insurance Solutions (SIS), a broker, consultant and managing general underwriter (MGU) focused on national student health programs.
Transportation and personal lines-focused program specialist carrier Sutter Insurance Company has gone into run-off.
The number of US MGAs has grown in recent years while unaffiliated agents have increased their share of total MGA direct premium written (DPW) by several points, AM Best has noted in an in-depth report on delegated underwriting authority enterprises (DUAEs).
In this month’s issue we talk to Stephen Leeret, senior vice president of Allied World’s North America programs division, about key dynamics driving the sector and what it was like coming in to run the unit in the middle of Covid-19…
News this week that AM Best is introducing performance assessments – or Best’s PA – for MGAs, MGUs, program administrators and other so-called delegated underwriting authority enterprises (DUAEs) is likely to meet with a mixed response in the programs sector.