IM-FirstIndemnity-Boston

First Indemnity launches new excess casualty coverage

2021-05-07T19:38:00+01:00

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.

IM-Euclid-NY

Euclid Transactional adds two underwriters to NY-based team

2021-05-04T21:03:00+01:00

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.

II-Burns-Rick_Sforzo

Burns & Wilcox hires Sforzo for newly created claims director role

2021-05-04T00:26:00+01:00

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).

IM-NP2-JeffreySGrange

Grange re-emerges at Brown & Brown’s Tampa Programs

2021-05-03T20:33:00+01:00

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.

IM-TARGET-markets

TMPAA Panel: “Renewed sense of optimism” in program market

2021-05-03T20:28:00+01:00

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.

IM-Amwins-Equisure

Amwins agrees deal to buy Equisure

2021-05-03T13:20:00+01:00

Amwins has signed a definitive agreement to acquire Equisure, which specializes in underwriting insurance program products for exposures associated with equines and canines.

Fortegra NYSE

Tiptree pulls IPO of specialty insurer Fortegra

2021-04-30T18:48:00+01:00

New York-based holding company Tiptree has withdrawn the initial public offering of Fortegra, stating that it would instead continue supporting the growth plans of the specialty insurance program underwriting and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.

Jonathan Legge – Ethos

Ethos hires Legge from RT to grow strategic capital relationships

2021-04-21T19:30:00+01:00

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.

Jonathan Zaffino – Ascot and Ethos

AM Best move validates Ethos Specialty’s “virtual insurer” model: Zaffino

2021-04-21T19:30:00+01:00

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

ISC launches new vacant property program with Lloyd’s paper

2021-04-21T14:16:00+01:00

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.

Dual and Core Specialty

Core Specialty puts capacity behind Dual A&E and PL program

2021-04-21T13:56:00+01:00

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.

Africa Specialty Risks

ASR enters construction with Axa XL’s Cronje

2021-04-21T12:06:00+01:00

Pan-African reinsurance MGA Africa Specialty Risks (ASR) has launched a construction division led by former Axa XL underwriter James Cronje.

IM-Resilience-intact-GavinReed

Cyber program manager Resilience hires CNA’s Reed as EVP

2021-04-20T19:46:00+01:00

Program manager Resilience Cyber Insurance Solutions has strengthened its underwriting team with the arrival of Gavin Reed from CNA, The Insurer can reveal.

Tumi, Amwins and Obsidian

TUMI builds out capacity with Obsidian carrier partnership

2021-04-20T14:17:00+01:00

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

Euclid Transactional makes middle market and tax push with new hires

2021-04-20T03:37:00+01:00

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.

IM-Ethos-Appalachian-mapUSA

Appalachian partners with Ethos in life insurance push

2021-04-20T06:50:00+01:00

US wholesale broker and MGA Appalachian Underwriters has added life insurance to its growing portfolio of offerings after partnering with insurtech Ethos.

II-Socius-AbryPartners-Patrick_Hanley

Abry Partners closing in on deal for wholesaler Socius

2021-04-19T21:07:00+01:00

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.

Clive Washbourn – Fidelis

Washbourn returns to London market with Fidelis MGA

2021-04-19T07:06:00+01:00

Veteran London market marine underwriter Clive Washbourn is returning to live underwriting with Fidelis’ MGA platform Pine Walk.

Helix and Watford Re

Helix enters excess casualty with Hadler hire and Watford capacity

2021-04-19T06:19:00+01:00

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.

Accredited

R&Q program management value creation “becoming more tangible”: Numis

2021-04-16T07:55:00+01:00

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.

Ciaran Waters – Arcus

ERS-backed Arcus adds Faraday’s US treaty head Waters as gears up for property push

2021-04-16T07:53:00+01:00

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.