MGAs

Nexus acquires D&O MGA Apsley Specialty

The up-for-sale London-based managing general agent Nexus has acquired a smaller rival in the financial institutions space Apsley Specialty.

Volante launches second MGA targeting Nordic market

Volante Global, the MGA platform led by Talbir Bains, has launched its second MGA of 2018 - Bridge Underwriting.

Volante swoops on QBE for chief actuarial officer

Volante, the recently-launched multi-class MGA platform founded by Talbir Bains, has appointed Chris Drew as chief actuarial officer.

Nexus preps for sale by hiring ex-AmTrust CUO

London-based specialty MGA Nexus has revealed plans to sell a portion of its equity as it announced that former chief underwriting officer for AmTrust’s Lloyd’s operation had joined to run its insurance and reinsurance operations.

Hyperion earnings climb by almost a quarter to £152mn

Hyperion, which owns Howden, RKH and Dual, saw profits climb by 24 percent to £152mn ($205.4mn) in the 12 months leading up to the end of September last year.

R&Q's CEO-elect departs in major restructure

Tom Booth, the CEO-elect of the London-listed insurance group R&Q, has resigned as a director with immediate effect and will be leaving the organisation to “pursue alternative opportunities”, the firm announced this morning (8 January).

Beale to replace Philipps as MS Amlin CEO

Simon Beale, MS Amlin’s Chief Underwriting Officer, will succeed Charles Philipps as CEO at the (re)insurer following his retirement in April.

Ed hires Clarkson-led marine team

Heather Clarkson, a senior London market Aon marine executive, joins the private equity backed wholesaler Ed in early 2018 to become the managing director of the broker’s marine practice, Reinsurance can reveal.

New MGA Volante launches with capital from Nephila

Volante, a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018.

Giles to join London Market broker as chairman

London broker Endeavour Insurance Services is poised to signal its ambitious growth strategy with the arrival of the well-known UK insurance figure Chris Giles, Reinsurance can reveal.

London market marine merry-go-round continues

The changes in the London market marine underwriting classes have continued this week with two significant departures.

Exin hires Oman Insurance CEO Adamantiadis

Exin– the ambitious pan-European insurance start-up backed by Calamos Asset Management – has lured the CEO of Oman Insurance Company, Christos Adamantiadis, to become head of its expansive European operations, Reinsurance can reveal.

Enderby to leave Marsh in London efficiency drive

Dominic Enderby, Marsh’s Marine UK Placement Leader, is one of the most prominent market figures likely to leave the broking giant following a recent restructuring, Reinsurance understands.

Brit launches $100mn Bermuda collateralised reinsurer Sussex Re

Leading Lloyd’s (re)insurer Brit Insurance is launching a $100mn capacity Bermuda-based collateralised reinsurance vehicle, Sussex Capital, that will write both third-party collateralised reinsurance and provide collateralised capacity to Brit’s Lloyd’s Syndicate 2987.

Fidelis adds surety capacity with MGA Firestone

Fidelis, the Bermudian (re)insurer has taken an equity stake in a new MGA and will be providing underwriting capacity.

Tokio Millennium Re loses UK claims head

Ed Gooda, the head of claims at Tokio Millennium Re’s UK branch office, has resigned from the company, Reinsurance can reveal.

Nichols to join Brit's new Bermuda platform

Former Axis Capital and RenaissanceRe executive Jay Nichols has joined the Board of Brit Ltd’s new $100mn collateralised Bermuda reinsurer, Sussex Capital.

Neon appoints MS Amlin’s Richard Heppell as CFO

Expansive Lloyd’s insurer Neon has hired MS Amlin’s Richard Heppell as its new chief finance officer (CFO).

Lloyd’s approves Agora Syndicate 3268 for 1.1 start

Lloyd’s has formally approved Mike Pritchard’s Agora to operate as a full syndicate from 1 January 2018.

Fidelis launches new MGA arm Pine Walk Capital

Fidelis, the Bermudian (re)insurer which launched in June 2015 with circa $1.5bn in capital, has announced the ahead-of-time launch of its first MGA on a new dedicated platform.

Region

Topics

Events & Conferences

Content Types