SPG promotes PPIB’s Preston to new development role
Specialty Program Group (SPG) has promoted Susan Preston to director of program development.
Nationwide-Paragon will look to broaden partnership after property E&S agreement
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.
CRC adds Aspen’s Bonds to lead exclusive property products
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.
New programs push Accredited 2020 contracted premium to $1.28bn
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.
Axa replaces Swiss Re as main capacity provider for MGA Ensurance
London specialty lines MGA Ensurance has penned a capacity deal with Axa Insurance UK for its core construction and engineering products.
Fortegra adds to E&S build-out with Rockwood professional liability program
Fortegra P&C Group is seeing a strong pipeline of deals for its recently launched E&S platform after adding a second program with a new professional liability offering aimed at off-duty police officers in partnership with Rockwood Programs.
AmRisc targets further growth with Transverse and GeoVera capacity
Cat-focused MGA AmRisc grew E&S gross written premium by 20 percent to $1.2bn last year and is looking to further expand in 2021 supported by new capacity from Transverse and GeoVera, The Insurer can reveal.
Paragon in shared and layered E&S property tie-up with Nationwide
Expansive MGA Paragon Insurance Holdings is taking on the shared and layered E&S property team from Nationwide in a deal that will see the US insurance giant continue to provide its paper for the book of business.
Applied UW adds admitted carrier and positions TIC for E&S push
Applied Underwriters has added south central US admitted capabilities with the acquisition of Oklahoma Property and Casualty Insurance Company (OP&C), and repurposed its Texas Insurance Company (TIC) subsidiary as its national E&S platform.
Arch Insurance backs cyber MGA Coalition
Arch Insurance North America has become the latest carrier to provide capacity to Coalition’s cyber insurance programs.
Obsidian gains early traction with aggregators
Early 2021 programs added by Obsidian Insurance Group highlight the hybrid fronting start-up’s two-pillared strategy focused on retail and wholesale aggregators as well as more traditional MGAs, as it concluded deals with Hub International’s SafeHerb and Platinum Specialty’s WestPro.
Conway takes MGA program role at Acrisure Re
Acrisure has announced John Conway has joined the team at Acrisure Re, which was formerly known as Beach & Associates, to focus on US-based property casualty program business.
Trisura reveals strong growth in US hybrid program fronting platform
Trisura Group’s hybrid fronting carrier platform was a significant generator of top line growth for its Canadian financial services parent in Q4 2020, contributing gross written premiums of $210.7mn and fee income of $8.4mn.
Ambac officially launches $100mn+ program carrier Everspan with A- rating
Ambac has confirmed the launch of its Wyatt Blackburn-led specialty, participatory fronting program insurance business Everspan Group after securing A- AM Best ratings for its E&S and admitted carrier subsidiaries, in a move first revealed by The Insurer last July.
Cyber specialist Resilience adds Beazley and Axa XL underwriters
Cyber program manager Resilience has hired Kevin McGowan from Beazley and Mike Shannon from Axa XL as it builds out its underwriting team and geographical footprint.
AmRisc secures Transverse-fronted reinsurance capacity for ~$1bn E&S portfolio
Cat-focused property MGA heavyweight AmRisc has added new capacity for its national E&S commercial insurance program from hybrid fronting carrier Transverse backed by a panel of reinsurers, The Insurer can reveal.
One80 continues M&A drive with van Wagenen deal
Wholesale consolidator platform One80 Intermediaries has continued its recent run of M&A deals with the acquisition of Minnesota-based van Wagenen Financial Services.
SPG’s SafeHerb targets cannabis industry with Obsidian-backed program
Hub International’s Specialty Program Group (SPG) unit has launched a new commercial insurance product serving the cannabis and hemp industry written on Obsidian Insurance Group’s A- rated paper.
How MGAs demonstrate value amid recent shocking under-investment in data
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.
Cat MGA Orchid promotes Cody to president
Kathy Cody has been named president of Orchid Underwriters Agency, a specialty underwriter of catastrophe-exposed property insurance.
Arch’s McNeil & Co acquires newspaper program specialist WGA
Arch Capital Group’s US program-focused subsidiary McNeil & Company has acquired newspaper industry insurance specialist Wilson Gregory Agency (WGA).
Bluefire renews auto QS with increased capacity and ups retention to 30%
Amynta hires Hanover’s Isaacson as SVP of program development
Applied Underwriters acquires US and Caribbean-focused pleasure craft MGA
K2’s Partners General promotes Farrell to president
USQRisk adds Taveras from Allianz to head financial lines
CRC adds federal employee professional liability MGU Feds
Neptune partners with MGA Acadian for Louisiana expansion drive
R&Q builds out Accredited E&S team with CUO hires
Homeowners MGA ShoreOne launched by NBIC founder Steffey
Gallagher’s Pen signs Irish capacity deal with Zurich
Amynta appoints Addesso non-exec chair of wholesaler ClearView
Canadian insurtech Foxquilt gets capacity from Munich Re
One80 buys NY program administrator Corieri & Associates
Distinguished Programs adds SoCal strength with Arrizabalaga hire
NFP hires Clear Blue’s Beaudette to grow programs
Sompo Intl provides capacity for insurtech Flock’s drone program
Core Specialty reveals D&O program with insurtech Celerity Pro
Platinum Specialty’s WestPro teams up with Obsidian on new hospitality program
Core Specialty targets significant growth on new fronting platform
European MGAs witness flight to u/w quality as competition for capacity intensifies
Concerns over capacity and regulation dominate European MGA outlook
Amynta adds Nationwide’s Matesic to surety unit
Gallagher buys Atlas General as Trzos leaves
Program Manager virtual panel debate | Watch now on The Insurer TV
The role of MGAs in the next three to five years
Challenges and opportunities within the sector and the impact of Covid-19
Product innovation and what to expect in the European PM/MGA sector in 2021
What reinsurers and capacity providers need
Brexit and what it means for the program management space in Europe
Biggest issues impacting the European program management sector
Falvey Cargo Underwriting 2021 E&S capacity up 35%
ReAlign’s new surplus lines carrier Summit Specialty assigned AM Best A rating
Constellation adds INSUREtrust acquisition to growing MGA platform
Two Sigma-backed ISC acquires CCIS
Scion launches co-tenancy program with Hannover Re capacity
Sierra Specialty names Sunderland as senior P&C underwriter
SRG unveils GB Underwriting acquisition in second deal of 2021
One80 buys broker and MGA Commercial Insurance Group
Cowbell offers excess cyber insurance on Obsidian paper
Core Specialty partners with Lancer on excess transportation program
MGAA names Coakley as head of operations
Gallagher’s Pen extends Zurich partnership with £165mn capacity deal
Jencap’s NIF Group to acquire MGA and specialty wholesaler PCES
Philadelphia buys $100mn+ World Wide Specialty Programs staffing business
BP Marsh-backed XPT acquires E&S specialist IPC
Palomar teams up with Partners General on new excess liability program
National Lloyds takes National Summit name after conversion
Dual hires WTW exec Jim O’Connor to lead US MGA business
Applied UW makes D&O move led by McGill hire
Accelerant to retain at least 20% of premium on new US programs platform
Ambac continues transition towards specialty program market with Xchange deal
Accelerant confirms launch of US platform and new hires
Sutton partners with SynchronoSure for gig economy and truckers cover
Hot E&S market fuelling growth in US programs sector
Accredited to build out E&S book with ‘focused distribution and expert underwriting’
Micheals takes up CUO role at Attune
PE firm Century Equity Partners buys majority interest in MGA consolidator Doxa
Due diligence, data and alignment key in program management: PM panel
USQRisk secures seed capital investment from Maiden Holdings
Transverse teams up with Cloverleaf for data insights
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Innovisk’s renewable energy MGA Albus to close
Truist acquires property MGA Wellington from Aquiline
Appalachian UW adds Chambers to lead digital partnerships
CRC to buy marine specialist Continental Underwriters
R&Q raises $107.75mn of debt to support program and legacy growth
Accredited E&S platform secures A- AM Best rating
Program specialist Incline adds former Texas insurance commissioner to board
Constellation agrees deal to buy MGU Coastal Insurance Underwriters
Guy Carpenter names Shephard head of GC Access International
Core Specialty to replace Hallmark on AmWINS long-term care program
Cowbell Cyber now offering Prime programs in 31 states
BGSU continues programs expansion with Pioneer’s Davis
Euclid Transactional secures Zurich capacity after AGCS relationship ends
Euclid adds CNA’s Bailey to life sciences MGA
Neptune Flood completes US nationwide product rollout
Obsidian names Scor’s Aldorisio CUO
Hamilton-backed MGA Harbour launches with ATE dispute insurance
Willis launches tech, media and telecom program on DBS platform
Trean Q3 combined ratio dips while GPW jumps by 23%
Paragon hires Phillips to build contingency offering
Texas property MGA Wellington up for sale
Efficient and innovative MGA model drives strong growth in US program sector: Jameson
Orchid and Homesite reciprocal exchange TRUE gets A- rating
Obsidian gets A- rating for new E&S platform
New cyber program manager will take risk engineering approach: Vitale
Cyber program manager Resilience Insurance launches with Intact capacity
Citadel Re restructures American Millennium and appoints CUO
Trisura Specialty top line grows 140% in Q3
Applied Underwriters agrees program deal with Triangle Surety Agency
Bavishi joins alternative risk transfer MGA USQRisk as CUO
Applied Underwriters launches E&S casualty MGA led by Day
Atlas General up for sale with Amynta in frame
Vertus-Zurich deductible buyback program expanded to the Carolinas and Virginia
RPS launches new brand for program administration division