Bishop Street to add London platform with Landmark acquisitionRedBird Capital Partners-backed Bishop Street Underwriters is set to secure a London platform as the expansive platform said it will acquire specialty MGA Landmark Underwriting.
Bishop Street hires TWFG strategy and capital markets executive Arricale as CFOBishop Street Underwriting has hired strategy and capital markets executive Jeff Arricale from The Woodlands Financial Group as its CFO as the MGA platform continues its rapid build out, Program Manager can reveal.
Platinum Specialty closes in on deal to buy Flood-led management liability MGA AtriPlatinum Specialty Underwriters is close to a deal to acquire the Greg Flood-led management liability start-up MGA Atri Insurance Services, in a transaction expected to value the business around 19x-20x Ebitda, Program Manager can reveal.
Recoop agrees distribution deal with BindableRecoop Disaster Insurance has inked a new distribution deal with insurtech platform Bindable through which the multi-peril disaster-focused homeowners and renters-focused MGA can sell its coverage.
Itasca MGA backs Elevate Capital Partners on aviation solutionAviation-focused Itasca MGA – part of the Fidelis Partnership’s Pine Walk platform – has supported Elevate Capital Partners on a financing solution in respect of two Embraer aircraft.
Optio completes Den Hartigh dealMGA Optio Group has completed its previously announced acquisition of Den Hartigh Beheer & Exploitatie BV, an MGA based in the Netherlands and Brussels.
CompScience adds Silver as SVP, client service and successSan Francisco-based workers comp insurtech MGA CompScience has appointed Jeremy Silver as senior vice president of client service and success.
Greenlight Re gets whole account QS for Innovations’ MGA portfolioGreenlight Re has secured a whole account quota share to support its fast-growing Innovations business, with a panel of reinsurers collectively taking a more than 20 percent share of the Cayman Islands-based firm’s MGA portfolio.
Delos names New Paradigm’s Hendrickson as head of reinsuranceWildfire MGA Delos Insurance Solutions has appointed former New Paradigm Underwriters executive Gloria Hendrickson as its new head of reinsurance.
Foxquilt enters NY with coverage suite including contractors’ GLDigital MGA Foxquilt has begun offering its products in New York, including coverage for the challenged contractors’ general liability segment.
Ex-Amtrust Intl CEO Conboy formally launches MGA CarrowFormer Amtrust International CEO Ronan Conboy has formally unveiled Carrow Insurance, a new MGA targeting the European mid-market insurance sector.
One80 Intermediaries buys reinsurance MGU WaypointOne80 Intermediaries has bought Joe Horan and Jason Denechaud-led reinsurance MGU Waypoint Underwriting Management in what is understood to be the firm’s largest acquisition to date.
MGA Aqueous secures multi-year capacity deal with Sompo and Allied WorldProfessional indemnity MGA Aqueous Underwriting has secured a three-year capacity deal with Allied World and Sompo.
Optio continues senior hires with Sheppard named head of FLSpecialty MGA Optio Group has continued to build out its senior team with the appointment of Oliver Sheppard as head of financial lines.
Argyle gets Mitsui Sumitomo capacity for Australia SME programInsurtech MGU Argyle Insurance has agreed a multi-year capacity agreement with Mitsui Sumitomo Insurance Co to write a portfolio of coverage targeted at SMEs in Australia.
Alchemy launches into marine market with The Hartford quartetAlchemy Underwriting has entered the marine market with the hire of four underwriters formerly with The Hartford led by market veteran James Wilkie, The Insurer can reveal.
TheGuarantors adds Hudson and Trisura to capacity panelTheGuarantors now has 10 carrier and reinsurer partners backing its niche rental insurance products after the specialist MGA added three new partners, including Hudson Insurance Group and Trisura.
Small business MGU Rainbow expands restaurant program to three new statesCalifornia-based digitally enabled MGU Rainbow has launched its admitted restaurant insurance program in New Jersey, Virginia, and Iowa, bringing its presence to 24 US states.
Rokstone expands MENA footprint with new Dubai officeInternational specialty MGA Rokstone has received a licence from the Dubai Financial Services Authority to establish a new office in Dubai International Financial Centre.
Annex gets coverholder status and unveils new residential flood programAnnex has secured Lloyd’s coverholder status in a move that will allow the flood-focused insurtech MGA to bring a new surplus lines private flood offering for residential properties to market.