London MGA Rokstone hires former Markel duo Pitts and UnglessAmbitious London-based MGA Rokstone has hired the former Markel International MD of property, Dean Pitts, as it continues to bolster its senior underwriting ranks, The Insurer can reveal.
TransRe-reinsured renters insurtech Goodcover launchesMGA insurtech Goodcover has started offering renters insurance in California with KnightBrook Insurance as carrier and TransRe acting as reinsurer.
Argo to sell Trident Public Risk Solutions to Paragon for $37mn gainArgo Group International Holdings has agreed to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings, which will continue to write business on Argo paper.
Insurtech Boost raises $14mn to launch new productsBoost Insurance - which is reinsured by Markel, RenaissanceRe and Nephila - has announced a $14mn series A round of financing to expand the insurtech MGA’s infrastructure-as-a-service (IaaS) platform.
Acrisure led record North America agent/broker M&A in 2019The number of North America agent and broker mergers and acquisitions increased to its highest annual total in 2019 with 649 transactions – up from 643 in 2018 and 611 in 2017 – according to figures from Optis Partners.
US wholesale: the big just got biggerRecord flow into the E&S market is swelling the books of the wholesale giants…
Atlas Financial moves further towards MGA model with subsidiary saleEmbattled US commercial auto insurer Atlas Financial has signed a non-binding letter of intent to sell its indirect subsidiary Gateway Insurance to technology-driven financial services firm Buckle.
Lions Gate expands surety practice with Medina appointmentFlorida-based Lloyd’s coverholder and MGA Lions Gate Underwriting has hired Jairo Medina to head up its surety division and serve as executive vice president for Latin America.
CFC acquires big data insurtech ThreatInformerLondon cyber-specialist MGA CFC has acquired London-based insurtech ThreatInformer for an undisclosed sum.
Palmer-Brown heads new MGA BPB Underwriting ManagementLondon market veteran Jonathan Palmer-Brown is spearheading BPB Underwriting Management (BPBUM), the managing agency which launched this month with a new equine venture backed by MS Amlin.
New Paradigm adds Grunewald as it targets further expansionNew Paradigm Underwriters has hired former Greenlight Re deputy chief underwriting officer Matthew Grunewald as the managing general agent looks to secure additional reinsurance support to fuel further growth.
MS Amlin launches equine MGA as former MD buys bookMS Amlin has launched a specialist equine MGA – David Ashby Underwriting (DAU) – following the buyout of the carrier’s equine book of business and renewal rights by David Ashby, the former managing director and principal underwriter of the class.
MGA start-up Helix secures QBE capacity for property launchBermudian start-up multiline MGA Helix Underwriting Partners is set to begin underwriting after securing QBE capacity to support its debut offering in US property insurance, The Insurer can reveal.
Coverys launches European MGA platform with former Generali duoMedical professional liability insurer Coverys has unveiled an MGA – Coverys European Holdings (CEH) – appointing Steven Spano as CEO and Doug Robare as CUO to lead the investment platform.
Munich Re Specialty Group IS promotes Yeats to inland marine headMunich Re Specialty Group Insurance Services (MRSGIS) has promoted Michael Yeats to head of inland marine for North America, The Insurer can reveal.
Independence American replaces Markel as Figo capacity providerFigo Pet Insurance’s capacity provider has switched from Markel to Independence American Insurance Company (IAIC) as the insurtech looks to revise its offering and address what its CEO called “unacceptable” rate rises, The Insurer has learned.
Thomas Miller Specialty acquires Lodestar Marine’s book of businessMarine insurance MGA Thomas Miller Specialty has acquired London-based fixed premium P&I MGA Lodestar Marine’s book of business.
Iprism names Arch’s Woodhams underwriting managerProperty and high net worth MGA Iprism has hired Aaron Woodhams for the newly created role of underwriting manager.
Kaufman to acquire Lloyd’s carrier Barbican’s UK MGAHW Kaufman Group, the US intermediary that owns wholesaler Burns & Wilcox, is poised to acquire a UK MGA owned by Barbican once the Lloyd’s insurer’s sale to Bermudian Arch Capital completes.
Rokstone swoops on Alesco’s AnsonRokstone Underwriting, the ambitious London-headquartered MGA, has hired Alesco energy broker Ian Anson as lead underwriter within its burgeoning property team, The Insurer can reveal.