US insurance giant Nationwide and expansive MGA platform Paragon Insurance Holdings are committed to forging a long-term relationship that could broaden into other areas of business following the exclusive underwriting agreement for shared and layered E&S property unveiled last week.
US wholesaler CRC Group has hired Alex Bonds from Aspen as chief programs officer for property programs in a role that will see the executive lead the development of the firm’s exclusive Insurisk brand’s property facility, The Insurer can reveal.
Five new programs in Q4 helped push contracted premium at R&Q’s Accredited program management platform to $1.28bn last year, with strong 2021 momentum in its established European and US admitted subsidiaries, and a pipeline of deals to be unveiled once its E&S platform completes its licensing process.
London specialty lines MGA Ensurance has penned a capacity deal with Axa Insurance UK for its core construction and engineering products.
DA Strategy director Charles Rowley provides recommendations for managing the disequilibrium in the delegated authority sector as hard market conditions take hold globally and insurers press for demonstrations of true value in their MGA or coverholder partnerships.
Opportunities to access specialty insurance business and potential fee income continue to attract the attention of capacity providers to the US program sector.