Vitale and Soughan to launch new Cyber Specialty MGAMario Vitale is set to return to the market as CEO of a start-up MGA that will initially specialize in providing cyber business interruption (BI) coverage, The Insurer can reveal.
Munich Re backs MGA Ascent’s cyber productReinsurance powerhouse Munich Re is to provide capacity to the David Umbers-led MGA – Ascent.
Arch backs new UK HNW MGA ArchipelagoFormer Aon executive and UK broking entrepreneur Angus Simpson is poised to launch a new UK MGA Archipelago Risk Services which will provide bundled personal lines products to high net worth (HNW) individuals, The Insurer can reveal.
Lefebvre and Weston working on Bermuda MGA start-upClaude Lefebvre and Neville Weston are working together on a start-up Bermudian insurance MGA called Helix Underwriting Partners, The Insurer can reveal.
Zuk joins Orchid to build out platform and ILS capabilityCat-focused MGA Orchid Underwriters has hired Joe Zuk as it looks to diversify by geography and product line and build a platform that can act as a conduit for ILS capacity, The Insurer can reveal.
Ascent backer Preservation Capital builds MGA platform with Cove investmentPrivate equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.
Ryan adds International Specialty Insurance Services to MGU platformRyan Specialty Group (RSG) has added to its underwriting platform with a deal to buy high-value disability (HVD) specialist International Specialty Insurance Services (ISI).
Jordan replaces Carragher as Breckenridge CEOWR Berkley (WRB)-owned Breckenridge Insurance Group has replaced its president and CEO Tracey Carragher with David Jordan, who moves over from another WRB company, Vela Insurance Services.
Sillat and Calise return with Balance Partners MGAMichael Sillat and Joe Calise have launched a new US specialty lines MGA platform called Balance Partners, The Insurer can reveal.
XPT closes third deal to buy trucking specialist SVABP Marsh-backed specialty insurance distribution platform XPT Group has completed its third acquisition with a deal to buy trucking and transportation MGA SVA Underwriting Services.
JenCap names new COO and CFOAcquisitive wholesale distribution platform JenCap Holdings has hired David Nielsen as corporate chief financial officer and promoted Mark Maher to COO.
K2 buys farm and agri MGA Mid America Risk ManagersK2 Insurance Services has completed a deal to buy agricultural-focused specialty MGA Mid-America Risk Managers (MARM).
New London MGA Aurous hires Qatar Re energy duoAurous Risk Partners, the new London-based MGA, has hired a duo of former Qatar Re energy underwriters to lead its entry into the energy markets.
Former Argo execs launch wholesale MGA platform AccelerantThe former Argo executive and erstwhile CEO of Bermudian reinsurer PXRE Jeff Radke has launched a new London-headquartered wholesale MGA, Accelerant Holdings, The Insurer can reveal.
Ryan Group MGA Lodestar in talks with new capacity after RSA withdrawalLodestar Marine Ltd, the London-based fixed premium P&I MGA, is negotiating with fresh capacity following the decision by UK insurer RSA to withdraw from a number of London market classes.
Occam bolsters management team following departuresOccam Underwriting – formerly Sciemus – has made two appointments to build out its management team following a series of exits from the company this year.
BP Marsh ups stake in Nexus as sale is shelvedBP Marsh has increased its stake in MGA Nexus by 1.9 percent.
CBL’s administrators sell off EISLThe administrators of defunct New Zealand carrier CBL have sold its Tunbridge Wells-based construction insurer EISL.
Over half of managing agents join centralised DA platformThe London Market Group’s delegated authority platform goes live this week with a reported 60 percent of managing agents already signed up to the service.
Dual’s Tamesis takes Love from Hiscox ReHyperion-owned specialty excess of loss treaty reinsurance managing general agent Tamesis Dual has appointed Ben Love as director of underwriting.