AmWINS names new leader for Lloyd’s-backed trucking program
AmWINS has appointed Libby Smith as the new program leader for its Lloyd’s-backed truck brokers’ contingent liability offering.
Axon buys AGCS US products recall book
Axon Underwriting Services is set to build its contaminated and consumer products recall book with a deal to buy a renewal portfolio from Allianz Global Corporate & Specialty (AGCS), after setting up a new crisis management unit staffed by former AGCS executives earlier this year.
Breckenridge to launch Texas non-standard auto program with Davis hire
Wholesaler, program manager and MGA Breckenridge Insurance Group has hired former Apollo, Newport General and Tri-Star executive Sheree Davis to launch a new non-standard auto program in Texas.
Start-up capital could impact organic growth: Brown & Brown
Surging organic growth in Brown & Brown’s programs business of 15.5 percent for the second quarter helped keep it just about in positive territory overall, but new start-up capital coming into the segment could temper that performance later this year, according to the intermediary’s CEO.
Venture launches nonprofits program with GuideOne hire
Venture Insurance Programs has revealed a new insurance program for community and social services, including nonprofits and for-profits, with former GuideOne underwriter Erin Crawford Peterson as practice leader.
RedBird-backed Constellation buys into Allstar Financial
Bill Goldstein-led consolidator platform Constellation Affiliated Partners has already completed a number of acquisitions including a buy-in to MGA and wholesale broking platform Allstar Financial, The Insurer can reveal.
Trean buys workers comp program manager 7710 Insurance
Benchmark Holding Company, a subsidiary of newly-floated Trean Insurance Group, has announced the acquisition of 7710 Insurance Company, a workers compensation program manager run by former Carvill and CNA Re executive Bill Adamson.
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).
A heftier addition…
News broken by The Insurer that rehabilitated Ambac is lining up a live insurance platform that looks set to include a program fronting capability raises the prospect of a fresh addition to the already swollen ranks of vehicles that have rolled off the production line over the last few years.
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
AmWINS names new leader for Lloyd’s-backed trucking program
AmWINS has appointed Libby Smith as the new program leader for its Lloyd’s-backed truck brokers’ contingent liability offering.
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