Emerald Bay Risk Solutions founding CEO Dave Ingrey has stepped down from the role and is expected to take on a board position while head of business development Ken Ingrey is leaving the Bain Capital-backed fronting carrier, Program Manager can reveal.

Concert Group has promoted Scott Stosek to the newly created position of director of finance, while the executive has also been handed the role of CFO at the fronting carrier’s in-house risk retention platform Harmony Re.

Hybrid fronting insurer Bridgehaven Specialty UK will serve as capacity provider alongside Accredited on a new co-insurance arrangement with UK personal lines MGA Policy Expert.

Altamont Capital’s hybrid insurer Hadron has confirmed that Accredited Europe’s Colin Johnson will join the firm as international CEO as the fronting carrier said it expects to write over $200mn in premium in 2024.

Everspan’s founding general counsel and chief compliance officer Nicholas Scott is stepping down from his posts after four years with the fronting carrier, and is expected to move into private practice.

UK-based fronting carrier Bridgehaven Insurance already has nine programs on its books and expects to add another by year end as it continues to expand with a strong pipeline of prospective additions already in place for 2025.

The surge in fronting carrier launches in recent years has spurred some industry commentators to suggest the sector is bloated, but the widely expected wave of consolidation has failed to materialize and a panel of sector specialists have instead insisted it is not needed.

Onex-owned Accredited Insurance Holdings has appointed Barbara Bufkin and Patricia Roufca to its group board as non-executive directors.

Clear Blue has hired Falls Lake’s Bakari Watkins as head of claims along with Dave Horn in a senior actuarial role as it continues to add to its senior ranks to support the growth trajectory of its repositioned portfolio,

San Francisco-based Nirvana Insurance has agreed a partnership with hybrid fronting carrier MS Transverse Insurance Company that the commercial trucking insurtech said provides a “boost in capacity”.

Concert Group’s newly launched reinsurance sidecar Harmony Re will be positioned to secure additional capital support from third parties, although the fronting carrier itself has put the initial funding into the platform to get it off the ground.

Onex Partners-owned Accredited Insurance Holdings has appointed industry veteran Neil McConachie as chief risk and capital officer.

Southlake Financial Group’s admitted carrier and its surplus lines platform have both been moved up one level in AM Best’s financial size category to VIII from VII.

Honeycomb Programs has partnered with Builders to secure up to $24mn of E&S premium capacity, offering $10mn of property limit and $1mn/$2mn general liability limit, with the Atlanta-based insurer retaining around 20 percent of the risk supported by a reinsurance panel led by Hannover Re,

Howden-backed MGA Spring Insure has secured enhanced capacity across its existing product lines after an agreement with hybrid carrier Bridgehaven Specialty UK.