Tradesman: Clear Blue will support expansion of NY construction market footprint
The move of Tradesman’s flagship $200mn+ contractors’ general liability (GL) program to Clear Blue will allow both parties to grow their footprint in the New York construction market but is also being seen as a major blow for R&Q’s Accredited platform, which has lost the deal to its hybrid fronting ...
Telemedicine drives efficiencies for low-severity, high-frequency claims
The Covid-19 pandemic helped accelerate the adoption of telemedicine services, and according to the founder and CEO of telehealth firm 1.800MD, the segment’s track record in the past several years has proved it can drive expense efficiencies for low-severity, high-frequency claims.
Rokstone adds Builders capacity to wood frame program
Expansive MGA platform Rokstone has secured $5mn of additional capacity per risk from Builders Insurance Group as it continues to build capacity towards $100mn on the wood frame builder’s risk program written by its Construction Risk Underwriters (CRU) division in the US, Program Manager can reveal.
Lower-than-expected Ian losses for some MGAs but capacity challenges remain
AmRisc has reduced its preliminary Hurricane Ian loss estimate on its E&S portfolio from $800mn to a range of $450mn to $650mn while several other cat-focused MGAs have seen claim frequency and severity from the storm come in meaningfully below initial expectations, Program Manager can reveal.
Newly appointed Lloyd’s coverholder Tuckerman looks to expand beyond PL
After recently securing Lloyd’s coverholder status, Tuckerman Underwriting will look to expand product offerings beyond its initial professional liability (PL) program with a potential move into the allied healthcare market, Program Manager has learned.
Corvus in talks with ILS funds and other capacity providers to support growth
PERse eyes capacity to support growth amid increasingly competitive renewables market
One80 acquires equipment insurance agency InstaCOVER
Surround raises $2.5mn in seed funding round led by MassMutual
RPS partners with The Hartford for new digital cargo product
PM Profile
PERse eyes capacity to support growth amid increasingly competitive renewables market
Ryan Specialty’s renewable energy-focused MGU PERse is diversifying its book of business and eyeing opportunities in emerging technologies, while also targeting new capacity providers to support its growing platform at a time when interest and competition in the specialist sector has never been higher.
PM Profile
Mission UW looks to diversify carrier panel after signing up 19 series
Turnkey platform Mission Underwriters is in talks with a number of carriers to diversify capacity options and hopes to have three more signed by the end of 2022 as it continues to scale up and looks set to pass the $150mn premium mark from 19 series so far this year, ...
M&A
- Previous
- Next
People Moves
Ryan Specialty’s SuiteLife hires CUO ahead of new product push
Ryan Specialty’s SuiteLife has recruited Patrick McCahill to serve as its new chief underwriting officer as the hotels and resorts-focused MGU looks to further broaden its product offerings.
- Previous
- Next
