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AP-sponsored Accretive hires ECC’s Roth as wholesale head

2022-05-21T00:30:00+01:00

AssuredPartners-backed Accretive Insurance Solutions has hired Rob Roth from ECC Insurance Brokers to lead its wholesale practice.

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PM panel: MGA sector growth will support surge of fronting carrier entrants

2022-05-17T22:28:00+01:00

MGA sector growth momentum and increasing demand for access to program business from capital markets investors will support the wave of fronting carriers that have entered the space in the last few years, according to panelists at the Program Manager conference.

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Ledger’s Shah: Capital markets investors don’t need fronting carrier retention

2022-05-17T22:27:00+01:00

Capital markets investors looking to access the program space are not interested in fronting carriers retaining a portion of the risk, according to Ledger Investing CEO Samir Shah.

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Aon’s Schilling: MGAs ex-crop outperformed broader P&C market from ’10 thru ’20

2022-05-17T20:44:00+01:00

The MGA sector outperformed the broader P&C market by 4 loss ratio points over a 10 year period, excluding agricultural business, Aon senior managing director Cory Schilling told attendees at the inaugural Program Manager conference earlier today.

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PM panel: Sophisticated program sector undergoing “dynamic” structural change

2022-05-17T20:20:00+01:00

Speakers on a panel at the Program Manager Conference 2022 highlighted the rapid changes the program sector is undergoing, with its sophisticated technology adoption, the rise of hybrid fronting companies, and a greater interest from traditional reinsurers all suggesting its growth will continue.

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Amynta recruits QBE NA trio for new Scor-backed trade credit platform

2022-05-16T19:28:00+01:00

Amynta has launched a new trade credit offering supported by underwriting capacity from Scor and recruited Harpreet Mann, Matthew Herzog and Donna Messick from QBE North America to spearhead its entry into the sector.

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MGA Crescent Specialty awaits approval to begin underwriting oil, gas and marine book

2022-05-13T19:49:00+01:00

Marine and energy MGA and wholesaler Crescent Specialty has secured capacity and reinsurance support and is now awaiting regulatory approval to begin underwriting, with the start-up’s management targeting opportunities created by the growing reticence among publicly traded carriers to write oil and gas insurance.

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Ryan Specialty’s Keystone launches auto liability excess buffer layer-focused MGU

2022-05-12T01:18:00+01:00

Ryan Specialty’s Keystone Risk Partners has unveiled a new member-owned group captive MGU targeting business in the troubled buffer layer auto liability excess market.

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Ambac MGU Xchange Benefits buys EBU employer stop loss renewal rights

2022-05-02T15:15:00+01:00

Ambac Financial Group-owned accident and health (A&H)-focused MGU Xchange Benefits has bolstered its US-wide book of employer stop loss business after purchasing the renewal rights to Employer Benefit Underwriters, Inc (EBU)’s portfolio.

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Energy veteran Farnan unveils MGA and wholesaler Crescent Specialty

2022-04-29T19:48:00+01:00

Former Aon Global Energy chief commercial officer Bill Farnan has launched a new marine and energy-focused MGA and wholesale broker called Crescent Specialty, with the platform currently in the midst of finalizing its underwriting capacity having already added talent to its roster.

R&Q Accredited

R&Q Accredited now predicting $1.75bn GWP as program demand surge accelerates

2022-04-29T07:29:00+01:00

Fronting specialist R&Q Accredited is now on course to write $1.75bn in gross premium across its multiple MGA relationships in 2022, a year ahead of schedule. 

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Howden RE’s GC Access raid stakes claim in programs space

2022-04-29T15:35:00+01:00

The move by Howden RE to swoop for the leadership of GC Access and a growing number of the division’s team members is being seen as an audacious move that paves the way for the challenger reinsurance broker to take a leading position in the burgeoning programs and MGA sector.

Nick Evers and Magnus Heimann – Accredited

The Continental shift

2022-04-29T14:14:00+01:00

After strong premium and fee income growth in 2021, Accredited Insurance (Europe) Limited (AIEL) expects 2022 to be a year of consolidation after a five-year build-out but continues to seek ‘best in class’ MGAs within its appetite. Program Manager talks to Nick Evers and Magnus Heimann about balancing opportunities in ...

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New Distinguished management team targets program launches, talent and M&A

2022-04-29T14:14:00+01:00

The management trio brought in as part of Aquiline’s acquisition of Distinguished Programs were drawn to the firm as a platform to build from because of its technology focus, carrier relationships and national distribution footprint in an MGA sector that has what they view as a “winning business model”.

Rick Karhbaugh – Tiptree

Fortegra eyes steady program submission flow and forecasts further growth

2022-04-29T14:06:00+01:00

The incoming $200mn investment from Warburg Pincus will fuel further expansion at Fortegra as it addresses a steady stream of program submissions amid continued market hardening and retrenchment from the binding authority space by Lloyd’s, according to the US specialty carrier’s CEO Rick Kahlbaugh.

Greg Williams AM Best

AM Best reassures smaller MGAs over PA framework

2022-04-29T14:05:00+01:00

AM Best has sought to reassure smaller MGAs and other delegated underwriting authority enterprises (DUAEs) that they will not be disadvantaged under its newly launched Best’s PA framework by noting that many small insurance carriers score highly in its credit ratings.

Jamie Sahara – Applied Underwrting

Building for the long term

2022-04-29T14:05:00+01:00

Applied Underwriters has continued its specialty lines expansion with the launch of a surety division led by Joshua Betz from Argo. Program Manager caught up with Applied Underwriters’ president Jamie Sahara in an exclusive interview looking at the latest move and the company’s wider strategy as it attracts top underwriting ...

Best's PA for DUAE's

Trio of early adopters granted Best’s PAs

2022-04-29T14:04:00+01:00

After formally launching its Performance Assessment (Best’s PA) methodology for assessing delegated underwriting authority enterprises (DUAEs) at the beginning of February, AM Best has since graded three platforms under the new framework.

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Breckenridge adds Friend as specialty property program senior underwriter

2022-04-22T23:40:00+01:00

Breckenridge Insurance has bolstered its specialty property program platform with the hire of Peter Friend from Global Indemnity Group as a senior underwriter.

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Lockton Affinity acquires SBG in deal that supports RIAs and wealth advisory push

2022-04-21T22:06:00+01:00

Lockton Affinity has acquired SBG, Inc. as the business broadens its capabilities in the wholesale distribution of annuities, life insurance, long-term care and disability insurance.

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Brownyard’s By The Cover library program moves into 15 new states

2022-04-18T03:23:00+01:00

Brownyard Group has extended its libraries-focused admitted program By The Cover to 15 new states with the offering now available in more than half the US.