AP-sponsored Accretive hires ECC’s Roth as wholesale head
AssuredPartners-backed Accretive Insurance Solutions has hired Rob Roth from ECC Insurance Brokers to lead its wholesale practice.
PM panel: MGA sector growth will support surge of fronting carrier entrants
MGA sector growth momentum and increasing demand for access to program business from capital markets investors will support the wave of fronting carriers that have entered the space in the last few years, according to panelists at the Program Manager conference.
Ledger’s Shah: Capital markets investors don’t need fronting carrier retention
Capital markets investors looking to access the program space are not interested in fronting carriers retaining a portion of the risk, according to Ledger Investing CEO Samir Shah.
Aon’s Schilling: MGAs ex-crop outperformed broader P&C market from ’10 thru ’20
The MGA sector outperformed the broader P&C market by 4 loss ratio points over a 10 year period, excluding agricultural business, Aon senior managing director Cory Schilling told attendees at the inaugural Program Manager conference earlier today.
PM panel: Sophisticated program sector undergoing “dynamic” structural change
Speakers on a panel at the Program Manager Conference 2022 highlighted the rapid changes the program sector is undergoing, with its sophisticated technology adoption, the rise of hybrid fronting companies, and a greater interest from traditional reinsurers all suggesting its growth will continue.
Amynta recruits QBE NA trio for new Scor-backed trade credit platform
MGA Crescent Specialty awaits approval to begin underwriting oil, gas and marine book
Ryan Specialty’s Keystone launches auto liability excess buffer layer-focused MGU
Ambac MGU Xchange Benefits buys EBU employer stop loss renewal rights
Energy veteran Farnan unveils MGA and wholesaler Crescent Specialty
PM Profile
Core Specialty’s participatory fronting open to retaining more risk
Core Specialty’s management have told this publication that its recently consolidated fronting business wrote $441mn of premium last year as it differentiated itself not only for its large amount of workers’ compensation but also its openness to increasing its participation.
PM Interview
Aon’s Bennett forecasts further growth of $60bn+ US MGA market
The $60bn-plus US MGA market will maintain its current growth trajectory for the foreseeable future with the sector buoyed by underwriting talent being drawn to the prospect of better remuneration and broader industry pricing that remains on the rise, Aon’s Doug Bennett has told Program Manager.
M&A
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People Moves
AP-sponsored Accretive hires ECC’s Roth as wholesale head
AssuredPartners-backed Accretive Insurance Solutions has hired Rob Roth from ECC Insurance Brokers to lead its wholesale practice.
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