First Indemnity launches new excess casualty coverage
First Indemnity Insurance Group has launched a new excess casualty lawyers professional liability product for law firms with one to 750 attorneys in response to rising rates and restricted capacity in the sector.
Euclid Transactional adds two underwriters to NY-based team
M&A insurance-focused MGA Euclid Transactional has added two new underwriters to its New York operation with the hiring of Andrea Lawrence and Corey Connelly.
Burns & Wilcox hires Sforzo for newly created claims director role
Burns & Wilcox has recruited Rick Sforzo for its newly created director of claims role with the executive joining the wholesaler and MGA platform from NationsBuilders Insurance Services (NBIS).
Grange re-emerges at Brown & Brown’s Tampa Programs
Former QBE North America and Argo executive Jeff Grange has joined Brown & Brown’s Tampa Programs operation as president, succeeding Susan Heath who has retired.
TMPAA Panel: “Renewed sense of optimism” in program market
Optimism has returned to the program market after faltering in 2020, while the “the bar has risen” among administrators leading to a divergence between those that have made investments in their businesses and those that have not, according to panellists during a Target Markets Program Administrators Association (TMPAA) town hall.
Amwins agrees deal to buy Equisure
Amwins has signed a definitive agreement to acquire Equisure, which specializes in underwriting insurance program products for exposures associated with equines and canines.
Tiptree pulls IPO of specialty insurer Fortegra
New York-based holding company Tiptree has withdrawn the initial public offering of Fortegra, stating that it would instead continue supporting the growth plans of the specialty insurance program underwriting and warranty solutions carrier as a core operating business.
Ethos hires Legge from RT to grow strategic capital relationships
Ascot Group has hired Jonathan Legge from wholesale giant RT Specialty as executive vice president for strategic operations at its Ethos Specialty platform as it looks to deliver the most efficient capital to the MGU and its clients, The Insurer can reveal.
AM Best move validates Ethos Specialty’s “virtual insurer” model: Zaffino
In an interview with this publication, Ascot group president Jonathan Zaffino said that AM Best’s move to initiate performance assessments for delegated underwriting authority enterprises (DUAEs) validates the group’s efforts in the expansive build out of its MGU Ethos Specialty.
ISC launches new vacant property program with Lloyd’s paper
Expansive tech-focused MGA Integrated Specialty Coverages has launched a new vacant property program that it says is aimed at providing flexible coverage for the growing number of unoccupied residential and commercial buildings across the US.
Core Specialty puts capacity behind Dual A&E and PL program
Rebooted US specialty insurer Core Specialty has entered into an underwriting agreement with program manager Dual Commercial to provide primary and excess professional liability limits across a number of classes including architects and engineers.
ASR enters construction with Axa XL’s Cronje
Pan-African reinsurance MGA Africa Specialty Risks (ASR) has launched a construction division led by former Axa XL underwriter James Cronje.
Cyber program manager Resilience hires CNA’s Reed as EVP
Program manager Resilience Cyber Insurance Solutions has strengthened its underwriting team with the arrival of Gavin Reed from CNA, The Insurer can reveal.
TUMI builds out capacity with Obsidian carrier partnership
Amwins-owned specialist transportation MGU Trinity Underwriting Managers (TUMI) has partnered with hybrid fronting carrier Obsidian in a move that will augment its reinsurance panel relationships, allowing it to write more business and expand its offerings, The Insurer can reveal.
Euclid Transactional makes middle market and tax push with new hires
M&A-focused MGA Euclid Transactional has hired Simon Chung business as head of middle market business after a short stint at ASQ Underwriting, with Jeff Lash and Bryce Pressentin also joining as tax underwriters.
Appalachian partners with Ethos in life insurance push
US wholesale broker and MGA Appalachian Underwriters has added life insurance to its growing portfolio of offerings after partnering with insurtech Ethos.
Abry Partners closing in on deal for wholesaler Socius
Private equity firm Abry Partners is close to sealing a buy-in to California-based US wholesale broker Socius Insurance Services, The Insurer can reveal.
Washbourn returns to London market with Fidelis MGA
Veteran London market marine underwriter Clive Washbourn is returning to live underwriting with Fidelis’ MGA platform Pine Walk.
Helix enters excess casualty with Hadler hire and Watford capacity
Bermudian MGA Helix Underwriting Partners has launched an excess casualty insurance program led by former Argo executive Tim Hadler that will write lines of up to $25mn per risk on Watford Re paper as it targets a segment of the market that has seen a significant drop in capacity.
R&Q program management value creation “becoming more tangible”: Numis
Randall & Quilter (R&Q)’s expanding program management business Accredited will likely see contracted premium reach $1.78bn by the end of 2022, according to Numis Securities.
ERS-backed Arcus adds Faraday’s US treaty head Waters as gears up for property push
Arcus Syndicate 1856 has hired Ciaran Waters as the Aquiline/ERS-backed carrier looks to build out its property underwriting unit, The Insurer can reveal.
Wright and Zurich launch private residential flood program in California
Heffernan launches heavy equipment warranty and insurance program
Hilb adds book of NJ and NY-based restaurants to ASIC program
Heffernan’s Tangram buys residential care program specialist PCALIC
Falvey hires The Hartford’s McKenna as CUO
Amynta eyes Specialty Equipment Insurance Services Canada growth with Connelly hire
Dale hires Apollo’s Forder as new property reinsurance head
Nardac secures $50mn Canopius line for NA onshore renewables
Kaufman’s RB Jones adds RSG’s Nehring as energy director
RSG names Hathaway national transportation lead ahead of Buchan retirement
MS Amlin launches US MGA-focused strategy with ITMA deal
Porch readies HOA for national expansion push after acquisition completes
R&Q’s co-founder Randall retires as Spiegel named executive chairman
Risk Strategies buys student health insurance broker/MGU SIS
California program specialist Sutter enters run-off
Pet insurtech Bought By Many launches in the US with Accredited America
AM Best: Unaffiliated share of MGA premium has grown in recent years
Integral ILS to use Core Specialty paper on Amwins MGA business
R&Q to increase stake in NY MGA Tradesman to 40%; exit Roosevelt Road Re
Accredited signs up Southern Star NAFTA program as first E&S deal
AM Best to assess MGAs/MGUs and program administrators
Cyber MGA Coalition eyes product and market expansion after $175mn raise
AssuredPartners acquires real estate E&O agency Rice
The PM interview: Stephen Leeret
Breaking down AM Best’s proposed methodology for MGAs, MGUs and PAs
Clark and Wuller take CEO and president roles at RSGUM
Ryan Specialty Group prepares to go public in IPO
Fortegra files for IPO as Tiptree looks to unlock value
K2 acquires majority stake in Columbia Pacific Finance
AM Best confirms A- rating for Accelerant EU carrier
Transverse hires Fitzgerald as CFO from ProSight
Clear Blue preparing for potential sale
One80 bolsters cannabis capabilities with Cannasure deal
Accredited’s Campbell to take reins at Builders Insurance Group
Accelerant buys US admitted carrier from Brit and launches UW and analysis platform
R&Q consolidates its US program businesses as Accredited America; ex-Aon exec Rastiello to lead
MJ Hall to launch admitted Arizona cannabis offering
ISC looks to build $750mn-$1bn business by 2025 with KKR backing
KKR to acquire majority stake in insurtech MGA platform ISC
McGowan strengthens LPL position with Couch Braunsdorf deal
XPT’s Sierra Specialty launches nationwide agri-business program with Watford
Brown & Brown combines $3bn wholesale businesses on Bridge Specialty platform
SPG promotes PPIB’s Preston to new development role
Nationwide-Paragon will look to broaden partnership after property E&S agreement
Upland launches excess transportation liability program and reveals more hires
One80 expands into retail vehicle programs with New York MGU buy
CRC adds Aspen’s Bonds to lead exclusive property products
New programs push Accredited 2020 contracted premium to $1.28bn
Axa replaces Swiss Re as main capacity provider for MGA Ensurance
Fortegra adds to E&S build-out with Rockwood professional liability program
AmRisc targets further growth with Transverse and GeoVera capacity
Paragon in shared and layered E&S property tie-up with Nationwide
Applied UW adds admitted carrier and positions TIC for E&S push
Arch Insurance backs cyber MGA Coalition
Obsidian gains early traction with aggregators
Conway takes MGA program role at Acrisure Re
Trisura reveals strong growth in US hybrid program fronting platform
Ambac officially launches $100mn+ program carrier Everspan with A- rating
Cyber specialist Resilience adds Beazley and Axa XL underwriters
AmRisc secures Transverse-fronted reinsurance capacity for ~$1bn E&S portfolio
One80 continues M&A drive with van Wagenen deal
SPG’s SafeHerb targets cannabis industry with Obsidian-backed program
How MGAs demonstrate value amid recent shocking under-investment in data
Cat MGA Orchid promotes Cody to president
Arch’s McNeil & Co acquires newspaper program specialist 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