Tradesman, Clear Blue and R&Q Accredited

Tradesman: Clear Blue will support expansion of NY construction market footprint


The move of Tradesman’s flagship $200mn+ contractors’ general liability (GL) program to Clear Blue will allow both parties to grow their footprint in the New York construction market but is also being seen as a major blow for R&Q’s Accredited platform, which has lost the deal to its hybrid fronting ...


Telemedicine drives efficiencies for low-severity, high-frequency claims


The Covid-19 pandemic helped accelerate the adoption of telemedicine services, and according to the founder and CEO of telehealth firm 1.800MD, the segment’s track record in the past several years has proved it can drive expense efficiencies for low-severity, high-frequency claims.

Rokstone and Builders

Rokstone adds Builders capacity to wood frame program


Expansive MGA platform Rokstone has secured $5mn of additional capacity per risk from Builders Insurance Group as it continues to build capacity towards $100mn on the wood frame builder’s risk program written by its Construction Risk Underwriters (CRU) division in the US, Program Manager can reveal.

AmRisc, Catalytic and Velocity Risk

Lower-than-expected Ian losses for some MGAs but capacity challenges remain


AmRisc has reduced its preliminary Hurricane Ian loss estimate on its E&S portfolio from $800mn to a range of $450mn to $650mn while several other cat-focused MGAs have seen claim frequency and severity from the storm come in meaningfully below initial expectations, Program Manager can reveal.

Tuckerman Underwriting – Lloyd's

Newly appointed Lloyd’s coverholder Tuckerman looks to expand beyond PL


After recently securing Lloyd’s coverholder status, Tuckerman Underwriting will look to expand product offerings beyond its initial professional liability (PL) program with a potential move into the allied healthcare market, Program Manager has learned.


Corvus in talks with ILS funds and other capacity providers to support growth


Corvus is in discussions with various capacity providers including ILS funds to support its growth, while the cyber MGA is also actively hiring to support its broader continental European ambitions as it prepares to begin writing business in Germany and Austria early next year.

PERse – renewable energy

PERse eyes capacity to support growth amid increasingly competitive renewables market


Ryan Specialty’s renewable energy-focused MGU PERse is diversifying its book of business and eyeing opportunities in emerging technologies, while also targeting new capacity providers to support its growing platform at a time when interest and competition in the specialist sector has never been higher.

One80 and InstaCover

One80 acquires equipment insurance agency InstaCOVER


Independent wholesaler One80 Intermediaries has acquired InstaCOVER, an independent insurance agency and technology platform specialising in point of sale insurance coverage for commercial, healthcare and rental equipment. 


Surround raises $2.5mn in seed funding round led by MassMutual


Surround Insurance, an insurtech MGA that offers coverages on Accredited paper, has closed a $2.5mn seed round led by MassMutual through the MM Catalyst Fund.


RPS partners with The Hartford for new digital cargo product


Arthur J Gallagher’s E&S wholesale broker and MGA subsidiary Risk Placement Services (RPS) today has launched a new all-risk cargo product with carrier partner The Hartford.


Ryan Specialty’s SuiteLife hires CUO ahead of new product push


Ryan Specialty’s SuiteLife has recruited Patrick McCahill to serve as its new chief underwriting officer as the hotels and resorts-focused MGU looks to further broaden its product offerings.


FloodFlash hires Bold Penguin’s Hara to lead NA expansion


Insurtech MGA FloodFlash has recruited former Bold Penguin and Mylo executive Mark Hara to spearhead its launch into the North American market, with the parametric-focused startup set to launch a new commercial property product in Florida, Virginia, Texas, Louisiana and California.

Michael Lyons and Dima Mnushkin – Swiftly

Swiftly’s small business platform launches with Accelerant E&S BOP policy


The Swiftly marketplace technology platform has launched with an E&S businessowners’ policy on Accelerant paper written by Texas-based MGU Volta Underwriters Services, in a move the insurtech says can unlock the potential of so-called “flow business” without disintermediating brokers, The Insurer can reveal.


Hub offers cannabis SafeHerb-underwritten dispensary insurance through digital platform


Hub International has launched a cannabis dispensary insurance product through its Insureon digital platform and underwritten by its SafeHerb MGA, available to medical and recreational cannabis dispensaries in every legal market in the US.


Hippo retains $4.7mn of $73.1mn Ian loss, Q3 gross loss ratio improves to 128%


Hippo has reported an improved gross loss ratio of 110 percent in the third quarter, with the homeowners insurtech revealing its gross Hurricane Ian loss was $73.1mn, with $4.7mn retained.


Start-up MGA Anzen gets AmTrust, Greenlight and Everest capacity and completes $10mn seed round


Executive liability insurtech MGA start-up Anzen has secured capacity support from AmTrust Financial, Greenlight Re and Everest Re and completed a $10mn seed round which included backing from MS&AD Ventures and Tokio Marine, among others.


Acrisure adds to program capabilities with deal for Conifer’s Venture


US broker consolidator Acrisure has bolstered its program capabilities after its Whitetail Insurance Services unit completed a $38.2mn deal to acquire certain assets related to Conifer Holdings’ security industry-focused platform Venture Agency Holdings.


Rhino charging into 2023 with Ally, ReAlign and Clear Blue on its carrier panel


Rhino has finalized its security deposit program carrier panel for next year with Ally Insurance, ReAlign and Clear Blue Insurance Holding among those supporting the insurtech and providing it with combined capacity of over $200mn.


Hourly to act as MGA in partnership with Great American


Workers’ compensation insurtech has announced it will serve as a managing general agent in an expansion of its collaboration with Great American Insurance Group.


RB Jones makes Muglia-led PL move as team transitions from Burns & Wilcox


RB Jones’ buildout has continued, with the HW Kaufman Group-owned MGU forming a new professional liability division led by Michael Muglia who has moved over from sister organization Burns & Wilcox along with three of his colleagues.


BRP’s Baldwin forecasts further MGA of the Future growth after record Q3


BRP Group CEO Trevor Baldwin has provided a bullish outlook for the company’s fast-growing MGA of the Future platform as he highlighted a strong pipeline of potential partners to help drive further growth beyond the record revenues it generated in Q3 2022.