MGAs

Workers’ comp MGA Seaglass unveiled by ex-MEMIC exec Austin

The workers’ compensation market has welcomed a new Florida-based MGA called Seaglass Insurance Group helmed by former MEMIC Group Atlantic region president Tod Austin.

Burns & Wilcox agrees exclusive Canadian wholesale partnership with cargo MGA Loadsure

Burns & Wilcox has entered into an exclusive wholesale partnership with UK-based insurtech MGA Loadsure to distribute the Lloyd’s of London coverholder’s transit insurance coverage to independent brokers in Canada.

Tango Specialty hires Ascot trio to spearhead marine push

Start-up MGA platform Tango Specialty is making a play in the marine market with the hires of Chris Piazza, Dana Piazza and Jim Gehrke from Ascot, The Insurer can reveal.

Ascot’s Flower and Tabor join marine and energy MGA start-up Crescent Specialty

Newly launched marine and energy-focused MGA Crescent Specialty has continued to add talent to its ranks with the Bill Farnan-led platform having recruited Ascot energy veterans John Flower and Wanda Tabor.

Castel looks to LSM and Tysers as enters contingency market

UK MGA Castel has announced the launch of a contingency underwriting cell with the hire of Yaël Mimran from Liberty Specialty Markets and Nick Carragher from Tysers.

Johnson linked with MIC Global Lloyd’s move after Victor exit

Erik Johnson has been linked with a move to newly launched MIC Global Insurance Syndicate in a box (SIAB) 5183 at Lloyd’s after leaving his position as deputy active underwriter of Victor Insurance Holdings’ Syndicate 2288, The Insurer can reveal.

BRP completes acquisition of MGA and retail broker Westwood from QBE

BRP Group has completed its previously announced $375mn deal to buy personal lines MGA and retail broking platform Westwood Insurance Agency from QBE.

Insurtech Joyn out fundraising to support next leg of growth

Seraina Macia-led SME-focused insurtech Joyn has launched a fundraising process that could see the company net between $20mn and $30mn in capital in what would be the company’s Series B round as it fuels up to support its growth, The Insurer can reveal.

Paragon adds Beazley’s Sampson to contingency team

Paragon Insurance Holdings has further built out its contingency team by hiring Jason Sampson from Beazley, with the carrier continuing to support the fast-growing MGA with capacity behind its underwriting in the segment, The Insurer has learned.

Ryan Specialty confirms Tyluki hire for PERse, promotes RT ECP trio

Ryan Specialty has confirmed Brian Tyluki has joined renewable energy MGU PERse, a move first revealed by The Insurer, while wholesale brokerage unit RT Specialty has made three environmental and construction professional (ECP) promotions.

Howden Re in audacious raid of GC Access as 10+ team resigns

Howden Re has made another audacious swoop for Guy Carpenter talent, recruiting a large Dallas-based reinsurance team focused on regional insurers, MGAs and the buoyant $60bn+ US program market, The Insurer can reveal.

Renewable energy MGU PERse hires GCube’s Tyluki as EVP

Ryan Specialty Group’s renewable energy-focused MGU Power Energy Risk (PERse) has strengthened its leadership with the hire of Brian Tyluki from GCube, The Insurer has learned.

Swiss Re’s Gonzalez questions value of surge in MGA formations

Swiss Re Corporate Solutions’ Ivan Gonzalez has questioned what value the recent spate of MGA formations is bringing to the market and warned those that are not doing anything different are at threat of falling by the wayside.

Xenia acquires majority stake in Hong Kong-based Capstone

Nexus Group’s credit insurance and surety specialist Xenia Broking Group has acquired a majority stake in Capstone Insurance Brokers, a Hong Kong-based insurance broker with expertise in financial lines and digital asset insurance.

Cooper Gay partners with CyberCube on cyber risk analytics

European MGA Cooper Gay has agreed a partnership with CyberCube that will see it roll out the insurtech’s analytics platform to enable insurers to better analyse and understand cyber risk.

One80 expands marine footprint with Seacoast acquisition

US wholesaler and program manager One80 Intermediaries has acquired marine-focused Seacoast Specialty Administrators for an undisclosed sum.

McNally launches specialty MGU Palisade

Independent MGU Palisade Insurance Partners has launched with former NFP executive John McNally at the helm to provide a range of contingent legal risk insurance and other specialty insurance products across the US and international markets.

Coalition lands multi-year cyber capacity deal with Ascot US

Coalition has struck a multi-year non-admitted capacity deal with Ascot’s US platform, a move aimed at fuelling the next phase of the insurtech’s growth.

Parametrix unveils new crypto-focused cloud downtime coverage

Cloud downtime-focused insurtech Parametrix has launched a new product for cryptocurrency companies.

Former Argo CUO Carter lands at MGA Victor

Former chief underwriting officer at Argo Tim Carter has joined Marsh-owned MGA Victor Insurance as its new head of global actuarial and portfolio management.

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