Arden Insurance Services has secured a significant growth capital investment from private equity firm FTV Capital, Program Manager can reveal.
Arthur J Gallagher stablemates Risk Placement Services (RPS) and Gallagher Re have been working in tandem on multiple MGA transactions, with the wholesaler using the reinsurance broker to secure capacity for more than 10 program offerings, this publication understands.
With growth in the global delegated underwriting authority enterprise (DUAE) segment showing no sign of slowing and the sector continuing to invest in talent and technology, AM Best has maintained its positive outlook on the market.
If you were to ask program administrators and MGAs the one thing that keeps them awake at night, it’s a fair bet that many of them would say “capacity”.
Insurtech MGU Argyle Insurance has agreed a multi-year capacity agreement with Mitsui Sumitomo Insurance Co (MSI) to write a portfolio of coverage targeted at SMEs in Australia.
K2-owned Aegis General Insurance has launched a new US private company management liability program led by former Scale Underwriting executive Jeff Hirsch that will offer D&O, EPL and fiduciary liability coverage,
Aon’s K&K Insurance Group has secured capacity support from Markel Group for a new film and media production insurance program.
Swiss Re Corporate Solutions’ turnaround is largely complete with the company positioned for growth across much of its portfolio and a particular emphasis on further expansion in the alternative risk transfer (ART) and international programs segments, CEO Ivan Gonzalez has told
CITA Insurance Services, a division of Brown & Brown Program Insurance Services, has partnered with Ascot Insurance Company to introduce a nationwide errors and omissions insurance program tailored for real estate agents and brokers.
Procore Technologies has placed its program and retail broking operations into run-off after they failed to reach sufficient scale, although the construction-focused platform remains committed to providing insights and data to the insurance industry,
Welcome to a bumper issue of Program Manager, packed to the rafters with exclusive content, interviews and, of course, updates from the Target Markets Program Administrators Association Annual Summit, which took place last week.
After Brown & Brown’s programs business delivered 22.8 percent organic growth in Q3, the firm’s president and CEO J Powell Brown said the unit will continue to be a strong contributor of revenue expansion as it attracts underwriting talent from carriers and rivals.
Platinum Specialty Underwriters’ IPC division has inked a capacity partnership with Obsidian to support a new hired and non-owned auto (HNOA) insurance program, which is available in every state, bar Florida, Louisiana and New Jersey.
Fresh from launching an E&S habitational program alongside its established admitted offerings, Honeycomb is looking to translate its low loss ratio built on data-driven risk selection to other areas, according to founder Itai Ben-Zaken.
Brownyard Group has secured capacity support from Hudson Insurance Group for a new optional coverage endorsement to its general liability policy for its cosmetics industry-focused program Foundation.