Obsidian partners with Loop on auto insurance programHybrid fronting carrier Obsidian Insurance, has teamed up with Loop, a provider of personal auto insurance powered by AI, to develop a new auto insurance program.
Builders hires former Accredited execs Barner and JohnsonExpansive US insurer Builders has recruited Tony Barner and Brent Johnson from Accredited Surety & Casualty Company (ASCC) as it looks to build out its platform and target specialty program opportunities, The Insurer can reveal.
Accelerant working with Goldman Sachs on sidecar to sit alongside Bermudian reinsurerAccelerant is working with Goldman Sachs to raise ILS capital for a sidecar that will sit alongside the new Bermudian reinsurer it has established to assume risk written by its program carrier subsidiaries and place its outwards reinsurance, The Insurer can reveal.
Applied UW launches aerospace program with Lewis-led PartnerRe teamExpansive Applied Underwriters is continuing to add high-profile underwriters to its MGA platform with the launch of an aerospace program underwritten by a former PartnerRe D&F team led by Jon Lewis that will be supported by an ongoing partnership with the Bermudian reinsurer, The Insurer can reveal.
Berkley launches workplace violence insurance programBerkley Re Solutions and Berkley Program Specialists have launched an insurance program for workplace violence in partnership with Dais.
Neptune Flood grows reach with NAPA partnershipNeptune Flood has partnered with National Automotive Programs in what is expected to be the first of several such tie-ups as the insurtech broadens its reach and expands its client-base as it nears the milestone of 100,000 customers.
TigerRisk names Kilduff as head of programsTigerRisk Partners has hired Jim Kilduff to lead the company’s MGA business as head of programs as the firm builds out its capabilities in the fast-growing segment.
Cowbell partners with Palomar to diversify non-admitted offeringsAI-powered insurtech Cowbell Cyber has announced a multi-year strategic partnership with Palomar Excess and Surplus Insurance Company to further enhance its offerings on a non-admitted basis nationwide, with the deal the first executed through the new PLMR-FRONT unit.
Amynta hires Lockton’s McNally as president of dealer programFast-growing MGA platform Amynta Group has hired Edward McNally from Lockton as president of Amynta Dealer Solutions, the firm’s auto and independent dealer program.
Vale hires Chubb execs to lead NA R&W unit amid investor interestVale Insurance Partners has taken Colin Addy and Gregory Conroy from Chubb and promoted Megan Quail to be co-heads of its North American Rep & Warranty (R&W) business as it also continues to engage with potential investors to secure growth capital, The Insurer can reveal.
Palomar launches fronting business PLMR-FRONTCalifornia-based specialty insurer Palomar Holdings has entered the fronting sector of the US market with the launch of PLMR-FRONT.
The story of the three-legged stoolTransverse’s Robert Maloney explains the hybrid-fronting carrier model and how the parties involved are each critical to the success of each transaction/endeavour.
Beazley promotes Beerli to head up specialty risks and US programsLloyd’s carrier Beazley has promoted Florian Beerli to lead its newly formed specialty risks and US programs team in addition to his current role as global lead for product recall.
Jencap secures London platform with Worldwide Special Risks acquisitionWholesale program management and binding authority business Jencap Group has bought London-based Lloyd’s coverholder Worldwide Hole ‘N One, which operates as Worldwide Special Risks with a contingency team focusing on the live events market.
Palomar partners with Pure Programs on complex construction project offeringPalomar Holdings is looking to grow its recently established E&S carrier platform with a new partnership to provide capacity to Pure Programs to offer owners of high-value homes undergoing complex construction projects an insurance and risk management solution.
Accelerant enters Canadian market with Omega acquisitionAccelerant has agreed to acquire Till Omega Insurance Holdings in a deal that will see the expansive program underwriting platform enter the Canadian market.
Waypoint adds AF Group capacity for P&C and WC treaty businessReinsurance MGU Waypoint Underwriting Management will write property, workers’ compensation and casualty treaty business on behalf of AF Group from the start of July in its latest capacity partnership.
Truist to buy Constellation and combine expansive programs platform into CRCTruist Insurance Holdings has agreed a deal to buy expansive MGA and programs platform Constellation Affiliated Partners from private equity firm RedBird Capital Partners in a deal that will add around $160mn of annual revenue to its wholesale division.
Accelerant targets UK SME sector with Kinnell acquisitionExpansive program underwriting platform Accelerant Holdings has bought UK SME and building warranty specialist Kinnell Holdings and its six subsidiaries.
Ethos Specialty takes Walsh from Axis as property headAscot-owned MGU Ethos Specialty has hired Brendan Walsh from Axis Insurance as executive vice president and head of property.