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.
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.
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.
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 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 North America has become the latest carrier to provide capacity to Coalition’s cyber insurance programs.
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.
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 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 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 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.
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.
Wholesale consolidator platform One80 Intermediaries has continued its recent run of M&A deals with the acquisition of Minnesota-based van Wagenen Financial Services.
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.
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.
Kathy Cody has been named president of Orchid Underwriters Agency, a specialty underwriter of catastrophe-exposed property insurance.
Arch Capital Group’s US program-focused subsidiary McNeil & Company has acquired newspaper industry insurance specialist Wilson Gregory Agency (WGA).