Premiums in the global delegated underwriting authority market totalled $100bn in 2020, according to estimates from Insuramore, with revenues generated by MGAs, MGUs and coverholder groups hitting $12.5bn fuelled by growth in E&S lines and mounting interest in specialist risk classes such as cyber.
Corvus Insurance and SiriusPoint have announced a strategic investment and multi-year underwriting capacity partnership, with an initial cyber program fronted by R&Q’s Accredited that the insurtech’s management explained to The Insurer will sit alongside its existing cyber offering with Hudson Insurance Group.
Reputation parametric insurance specialist Steel City Re has launched a new ESG-focused product having secured capacity backing from long-term supporter Tokio Marine Kiln.
Alera Group’s healthcare-focused subsidiary Shomer Insurance Services has secured Lloyd’s reinsurance capacity for a new senior care-focused general and professional liability (GLPL) insurance program as clients look for new options with rates remaining high and carriers having cut back coverage.
Flexpoint Ford-backed retail insurance agency Propel Insurance has finalised a new manufactured housing program called MHC Pro in collaboration with Zurich North America.
In this episode we invite Graeme Rayner, CEO of Alternative Distribution at Aon, to talk about one of the fastest growing sectors in the industry – the MGA space.
Fast-growing insurance program market services firm Incline P&C Group has announced a series of hires including former Covariance Capital Management executive Sheel Patel as chief financial officer.