Axon Underwriting Services is set to build its contaminated and consumer products recall book with a deal to buy a renewal portfolio from Allianz Global Corporate & Specialty (AGCS), after setting up a new crisis management unit staffed by former AGCS executives earlier this year.
Wholesaler, program manager and MGA Breckenridge Insurance Group has hired former Apollo, Newport General and Tri-Star executive Sheree Davis to launch a new non-standard auto program in Texas.
Surging organic growth in Brown & Brown’s programs business of 15.5 percent for the second quarter helped keep it just about in positive territory overall, but new start-up capital coming into the segment could temper that performance later this year, according to the intermediary’s CEO.
Venture Insurance Programs has revealed a new insurance program for community and social services, including nonprofits and for-profits, with former GuideOne underwriter Erin Crawford Peterson as practice leader.
Zurich Canada is making a return to the broader middle market and programs space and has made three hires from Allianz Global Corporate & Specialty (AGCS) to spearhead its latest move into the sector.
Aspen’s head of marine programs in the Americas has joined specialist pollution carrier the Water Quality Insurance Syndicate (WQIS).
Bill Goldstein-led consolidator platform Constellation Affiliated Partners has already completed a number of acquisitions including a buy-in to MGA and wholesale broking platform Allstar Financial, The Insurer can reveal.
Benchmark Holding Company, a subsidiary of newly-floated Trean Insurance Group, has announced the acquisition of 7710 Insurance Company, a workers compensation program manager run by former Carvill and CNA Re executive Bill Adamson.
AM Best has removed from under review the ratings of two carriers that Align Financial Holdings acquired earlier this year, with the program manager and MGA planning to write property and commercial auto on the carriers’ paper.
Trean Insurance Group has priced its initial public offering of 10.7mn common stock at $15.00 per share, which will raise $161.5mn when the company floats on 16 July.
Program specialist AM Re has hired Ernie Zayicek from ING Bank as a senior vice president and head of corporate development.
Crum & Forster’s senior vice president of affiliates, partnerships and programs Steve Dresner has left the US specialty insurer, The Insurer can reveal.
Atlas Financial Holdings has extended its agreement with National Interstate that sees it underwrite its paratransit portfolio on behalf of the specialist auto carrier, and revealed it is looking to establish MGA relationships with carriers on the other lines of business it writes.
The co-founder of legacy specialist and program manager Randall & Quilter (R&Q) is to step down from the role of executive chairman at the end of March 2021.
Despite pulling capacity from Hippo and Jetty, Munich Re remains committed to its Digital Partners platform amid a greater awareness of how quickly accumulations can mount across the broader group due to the rapid growth of some of its insurtech-focussed underwriting partnerships.
Allstar Underwriters is expanding its vacation rental program into three new states having secured capacity from Lloyd’s carriers including Hiscox and QBE, The Insurer has learned.
US hybrid fronting carrier Trisura Specialty is aiming to access potential business from the wholesale broking giants of AmWINS, RT Specialty and CRC after its Canadian parent injected additional capital into the platform following a recent fundraise, The Insurer can reveal.
Trean Insurance Group has provided a range of $13 to $15 a share for its upcoming initial public offering, which would enable the program carrier/MGA and its selling shareholders to raise between $139.1mn and $160.8mn when it floats.
Hub International’s Specialty Program Group (SPG) has announced its second acquisition of the week with a deal to buy environmental wholesale brokerage firm Beacon Hill Associates (BHA).