MGAs

Falcon targets A&E business after adding Verus’ Sacco

Falcon Risk Services has earmarked a move into the architects and engineers professional liability space after the Craig Landi-led MGA added Mike Sacco to its ranks.

Former Medici Fac execs launch Aspect Labs with AmTrust and Everest capacity

The founders of Medici Facultative have launched a new MGA called Aspect Labs focusing on hard-to-place D&F property risks with capacity from AmTrust and Everest Re, with a target of writing at least £25mn of annual gross premiums by the end of next year.

CargoCorp recruits AIG claims veteran McQuattie

CargoCorp Underwriters has added AIG veteran and claims specialist Ricardo McQuattie to its ranks with the new hire bringing over 40 years of industry experience to the expansive Miami, Florida-based MGA.

Orion180 program tied to Trisura C$81.5mn recoverable write-down

Trisura’s fourth quarter reinsurance recoverables hit related to an Orion180 program fronted by the carrier, The Insurer understands.

Property MGU CrossCover confirms MBO deal with Gallatin Point

Houston-based property-focused MGU CrossCover has announced that it has completed a management buy-out with support from investment house Gallatin Point, confirming The Insurer’s reporting last week.

Expansive Nexus secures foothold in Middle East with Spectrum acquisition

Specialist MGA Nexus Underwriting has completed its expansion in the Middle East with the acquisition of a majority stake in Spectrum Risk Management, a Dubai-headquartered underwriter focused on marine and property (re)insurance.

Global Aerospace adds Piiq’s Porges as aerospace client executive

Aviation-focussed MGA Global Aerospace has appointed Sarah Porges as vice president, aerospace client executive.

MGU CrossCover completes MBO with Gallatin Point support

Houston-based property-focused MGU CrossCover has completed a management buy-out with private equity firm Gallatin Point being brought in as a minority investor, and with existing parent company Brown & Brown expected to maintain a shareholding, The Insurer can reveal.

Marine cyber MGA Astaara doubles underwriting limit to $25mn

Marine cyber MGA Astaara has increased its underwriting capacity and insurance limit from $12.5mn to $25mn.

Skyward promotes Burke to lead programs following Totolos departure

Skyward Specialty has promoted Ryan Burke to be its new head of programs to replace the departing Mark Totolos while also announcing that it has promoted Amy Klatt to SVP for captives and programs claims.

RPS unveils new artisan contractors GL program backed by Markel capacity

Risk Placement Services (RPS)’s small business platform has brought a new artisan contractors general liability program to market which will be underwritten by capacity from Markel.

Amwins Access and PartnerRe combine with Kettle on Cali excess wildfire program

Amwins Access has teamed up with PartnerRe Insurance Solutions Bermuda for an excess wildfire program that offers limits of up to $7mn for California-based residential properties.

Shepherd hires Axa XL’s Watts and eyes east coast buildout

Construction-focused start-up MGU Shepherd has set its sights on growing its book on the US east coast following the hire of John Watts from Axa XL.

Wright begins writing admitted flood coverage in Illinois with Zurich capacity

Wright National Flood Insurance Services has begun offering its admitted standalone ResiFlood program in Illinois with coverage limits of up to $1mn underwritten on the AM Best A+ rated paper of Zurich.

Aurenity and Everspan partner on excess casualty buffer program

Tech-enabled E&S MGA Aurenity has launched a new program with Everspan’s AM Best A- paper that will provide excess casualty buffer coverage for mid-market construction, hospitality, real estate, premises and products risks, Program Manager can reveal.

Specialty Program Group buys digital travel insurance marketplace Squaremouth

Specialty Program Group (SPG) has continued its digital strategy with a deal to acquire travel insurance marketplace Squaremouth.

Howden-backed Spring launches £5mn commercial PI binder

Howden-backed MGA Spring Insure has launched a commercial professional indemnity (PI) binder for businesses in the UK and Europe.

Nirvana sets sights on diversifying into multi-line specialty MGA

London MGA Nirvana Risk Partners is targeting the diversification of its business from its traditional media, tech and cyber focus to become a multi-line specialty MGA over the next five to 10 years, according to founding directors Rob Jones and Kabir Chanrai.

Corvus adds Prashanth Gangu as president

Cyber underwriting insurtech Corvus has hired former SiriusPoint and Oliver Wyman executive Prashanth Gangu to the role of president in a role which will see him oversee sales, underwriting, actuarial, data science, claims and risk capital functions.

NSM acquires UK-based equipment insurance program specialist Acquis

Carlyle-owned MGA platform NSM has agreed a deal to acquire Acquis, which says it is the largest provider of specialist insurance programs for leased equipment in Europe.

Region

Topics

Events & Conferences

Content Types