Insuramore: Global delegated authority premiums hit $100bn in 2020
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 reveals SiriusPoint UW partnership with middle market cyber program
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.
Steel City Re partners with Tokio Marine Kiln for new ESG protection
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’s Shomer secures Lloyd’s support for new senior living program
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.
Propel and Zurich partner on manufactured housing program
Flexpoint Ford-backed retail insurance agency Propel Insurance has finalised a new manufactured housing program called MHC Pro in collaboration with Zurich North America.
Clear Blue pulls sales process as PE bids fall short of expectations
Accredited enjoys the fruits of buoyant program market but lays credit to years of patience and back-office build-out
Incline hires CFO and CRO to help drive growth
Accredited America postpones September symposium
AM Best downgrades Crusader again and warns over parent’s liquidity
The Insurer TV
Close Quarter with Aon’s Graeme Rayner
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.
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Growth, growth and more growth
Far from a summer lull, the last few weeks have seen a surge in activity spanning fundraising, M&A, program launches and platform building in the US program sector.
M&A
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Program partners & launches
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People Moves
Incline hires CFO and CRO to help drive growth
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.
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