RedBird Capital Partners-backed Bishop Street Underwriters is set to secure a London platform as the expansive platform said it will acquire specialty MGA Landmark Underwriting.

MGA Sola has launched a parametric insurance product for US homeowners covering severe convective storm losses from wind and hail, underwritten by Tokio Marine Kiln (TMK).

Bishop Street Underwriting has hired strategy and capital markets executive Jeff Arricale from The Woodlands Financial Group as its CFO as the MGA platform continues its rapid build out, Program Manager can reveal.

The CUO for construction-focused MGA Tradesman Program Managers Steve Sanchez has resigned from his role to take up a new post with Arthur J Gallagher-owned wholesaler Risk Placement Services, Program Manager can reveal.

Platinum Specialty Underwriters is close to a deal to acquire the Greg Flood-led management liability start-up MGA Atri Insurance Services, in a transaction expected to value the business around 19x-20x Ebitda, Program Manager can reveal.

Recoop Disaster Insurance has inked a new distribution deal with insurtech platform Bindable through which the multi-peril disaster-focused homeowners and renters-focused MGA can sell its coverage.

Everspan’s founding general counsel and chief compliance officer Nicholas Scott is stepping down from his posts after four years with the fronting carrier, and is expected to move into private practice.

Bay Harbor Re believes it can sustain the low 90s combined ratio projected for its first full year of underwriting over the medium term, as it targets further growth after more than doubling its surplus to $45mn and upsizing its letter of credit facilities to $200mn, Program Manager can reveal.

Arthur J Gallagher stablemates Risk Placement Services (RPS) and Gallagher Re have been working in tandem on multiple MGA transactions, with the wholesaler using the reinsurance broker to secure capacity for more than 10 program offerings, this publication understands.

With growth in the global delegated underwriting authority enterprise (DUAE) segment showing no sign of slowing and the sector continuing to invest in talent and technology, AM Best has maintained its positive outlook on the market.