All Program articles
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NewsR&Q loses $200mn+ GWP Tradesman program to rival Clear Blue
New York-based Tradesman Program Managers is set to move its core contractors’ general liability (GL) program representing in excess of $200mn of premium from Accredited to rival hybrid fronting carrier Clear Blue, The Insurer can reveal.
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Convelo teams up with Fortegra for non-profit PL program
MGU Convelo Insurance Group has launched a new management liability insurance program on the AM Best A- rated paper of US insurer Fortegra to provide coverage for non-profit organisations.
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Breckenridge’s Anders joins Ryan Specialty national specialty programs practice
Ryan Specialty has appointed Tim Anders as executive vice president within its national specialty programs (NSP) practice, following the executive’s departure from Breckenridge earlier this fall.
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SPG buys construction-focused MGA and broker Catapult
Hub International-owned Specialty Program Group (SPG) has acquired the assets of Catapult Insurance Solutions, a privately held MGA and wholesale brokerage that underwrites and administers premium in excess of $50mn through niche programs.
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K2 sales process advances to second round amid strong PE interest
Warburg Pincus, GTCR, GI Partners and Leonard Green have all been linked with the recap process for K2 as strong private equity interest points to a potential Ebitda multiple in the mid to high teens, The Insurer can reveal.
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Axis head of programs Tatum to depart amid “repositioning” of US unit
Axis Capital’s head of US programs John Tatum is exiting the carrier along with several of his team as the Bermudian says it has adjusted its appetite but will continue to “steadfastly support” programs business that has been historically profitable, The Insurer can reveal.
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Target Markets Takeaways: market boom but capacity and macro challenges loom
In an increasingly data-driven segment of the market, the raw statistics around the Target Markets Program Administrators Association Annual Summit (TMPAA) in Scottsdale this week support the view that the US MGA and programs sector remains in rude health, with booming growth conditions and record interest.
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Lucas promoted to Platinum Specialty Underwriters construction MD
Platinum Specialty Underwriters has promoted Jeri Lucas to managing director for Platinum Construction, a program that she created.
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Duffey promoted to president of RPS Signature Programs
Wholesale broker Risk Placement Services (RPS) has promoted Russell Duffey to president of its program administration division RPS Signature Programs, taking the role vacated by Chris Leisz when he joined Nationwide during the summer.
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RB Jones unveils solar program backed by A rated capacity
HW Kaufman Group’s expansive MGU platform RB Jones has launched a new solar energy underwriting facility supported by AM Best A rated capacity offering general liability, umbrella, excess and property coverage, The Insurer can reveal.
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SPG forms wholesale division with transfer from PBC
Program Brokerage Corporation (PBC) is spinning off its general wholesale, environmental, construction, cyber and professional liability divisions to fellow Hub subsidiary Specialty Program Group (SPG), with the units to operate under the brand Specialty Wholesale Insurance Solutions (SWIS).
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Distinguished Programs doubles express umbrella capacity to $10mn
Distinguished Programs has doubled available limits under its express umbrella offering to $10mn as it continues to target community associations, homeowner associations, condo associations and small commercial buildings.
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Risk Theory launches Jupiter multiline habitational program with Clear Blue
Specialty underwriting platform Risk Theory has launched a new multiline habitational program called Jupiter Risk Services that has begun underwriting on the A- paper of Clear Blue, and supported by a panel of blue-chip reinsurers, The Insurer can reveal.
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K2’s Vikco launches real estate program with AF Specialty paper
K2’s property-focused subsidiary Vikco has teamed up with exclusive distribution partners Ryan Specialty and National Real Estate Insurance Group (NREIG) to launch a new private real estate investors (REI) program on the AM Best A rated paper of AF Specialty, Program Manager can reveal.
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Ambac adopts Phinsys to support Everspan growth
Finance automation software provider Phinsys has announced that Ambac Financial Group has adopted its suite of finance and accounting products for its Everspan subsidiaries.
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Liberty Company’s Aura MGA launches cannabis program
Aura Risk Management, an MGA launched last year by The Liberty Company Network of Insurance Brokers, has created the Indisure insurance program exclusively for cannabis companies in all 38 legalised US states.
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Vault and PRF partner on liability program
Managing general agent Professional Risk Facilities (PRF) and Vault Commercial have partnered on a program for D&O, employment practices liability (EPLI), fiduciary liability and errors & omissions (E&O) risks.
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Gallagher Re targets MGA space with new global programs practice
Gallagher Re is combining its existing capabilities into a dedicated global programs practice with plans to invest further in talent and technology to provide a one-stop shop for the MGA space, with an initial focus on the fast-growing North American market, The Insurer can reveal.
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$6bn SabRE launch highlights in vogue global MGA/program reinsurance market
David Howden, the co-founder and boss of expansive UK broker Howden Group, attends the Rendez-Vous today for the first time in his 40+ year industry career following the $1.6bn acquisition of TigerRisk.
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RPS launches new social services program on Old Republic paper
RPS Signature Programs has unveiled a new social services insurance program that will be written on the AM Best A+ rated paper of Old Republic Specialty Insurance Underwriters (ORSIU).
