MGAs/MGUs
-
The deal provides Honeycomb with up to $24mn of capacity.
-
-
PVT business has been attracting new capacity after recent rate increases.
-
The MGA noted a 17%-20% price decline last year and expects similar for 2024.
-
It will offer additional capacity to WTW US property clients with a limit up to $25mn.
-
Geo Europe CEO Walter Craft will remain with the financial lines business.
-
Negotiations come after Insurance Insider US revealed that the Bermudian was running an auction.
-
House Bill 672 adds regulation to the Louisiana MGA market.
-
The Houston, Texas-based program manager will join Ryan Specialty’s healthcare MGU Sapphire Blue.
-
Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
-
The executive will report to London-based BMS director Alex Shephard.
-
Earlier this year, this publication reported that Jetty was looking for capacity to replace Farmers.
-
The wholesaler is shifting its business mix towards delegated underwriting, which should help sustain growth.
-
Lea is responsible for Embroker’s underwriting practices, including paper and reinsurance relationships.
-
In tandem, Mike Falvey will transition to executive chairman, effective January 1.
-
The acquisition includes up to $400mn of performance-based contingent considerations measured through 2026.
-
The announcement confirms news this publication revealed in July.
-
The executive brings 24 years of experience to the role.
-
This publication revealed in March that ISO was exploring strategic alternatives.
-
The carrier is expanding its MGA partnerships and has invested in its marine team.
-
He will continue to act in his role as COO, global insurance operations.
-
The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
-
The arrangement enables PCS to expedite growth.
-
The investment will be used to scale operations and extend its presence in key international markets.
-
House Bill 672 will take effect on August 1.
-
The first RICO complaint targeted medical providers and training centers.
-
The news follows a string of deals that the stop-loss segment has seen in recent months.
-
Romel Salam, former Validus Re CRO, will also join Solis as an advisor.
-
US Assure has been exploring a potential sale through a narrow process run by Dowling Hales.
-
She will oversee Vantage's specialty insurance distribution strategy.
-
-
The operation will be led by Stephen Saunders, with Jawad Ghunaim from AIG as CUO.
-
It is understood that the shutdown will impact about 25 employees.
-
Gangu will likely take a gardening leave after vacating his post to consider future steps.
-
It is understood that the goal is to use a capital injection to form a reciprocal.
-
Launched in 2021, Axis is both an investor and capacity provider.
-
The executive gave his view on the (re)insurance landscape and the impact of PE on the sector.
-
AmCoastal also cut its board down to five members, including two new appointments.
-
Industry veteran Peter McKeegan will lead the firm.
-
Ryan Specialty CEO Pat Ryan opened the event, which was held last week in New York.
-
Scale, diversity and specialization are three main reasons brokers consolidate.
-
This is Emerald’s second facility, after its earthquake deal with Arrowhead.
-
Kinsale CEO Mike Kehoe said social inflation is unabating, but losses fuel the industry.
-
The multiline MGA was co-founded by Lea's fellow Vantage alum Farhan Shah.
-
This publication had reported the program manager’s plans in April.
-
The acquisition allows AM Specialty to expand its E&S offerings.
-
The carrier said the office in Belgium “doubled down” on its commitment to Europe.
-
The acquisition expands Doxa’s mental health and wellness presence.
-
CNA has been part of Euclid’s panel in EMEA since early 2022.
-
This is Chubb’s second MGA deal in the past few months.
-
Ambac also announced it was selling its financial lines book to Oaktree for $420mn.
-
Sentry launched its specialty lines division in 2022.
-
With the additional capacity, the MGA can now write over $100bn in business.
-
The Howden-owned MGA lost ~$250mn in cat capacity in September.
-
He previously helmed Plymouth Rock Assurance's direct and partner group.
-
MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
-
The company went public Thursday at a price of $17 per share.
-
Ascot is supporting Trident, Paragon’s public entity casualty insurance program.
-
The former Everest executive will look to roll out a range of new product lines at the MGA.
-
The carrier’s goal for its specialty arm is to achieve $10bn in written premiums and a sub-90% CoR by 2030.
-
The partnership will increase K2's capacity for US hurricane and earthquake exposure.
-
The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
-
Sources said Federer will assume the executive director role at Atlantic later this month.
-
This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.
-
Farmers is working with Jetty to help ensure a smooth transition.
-
The front has lined up its first 10 programs and is confident it will get at least seven or eight of them.
-
Flexpoint secured a higher sum-of-the-parts valuation by facilitating the break-up.
-
The filing comes four months after Insurance Insider US revealed Bowhead’s intentions to launch an IPO this year.
-
The MGA’s underwriting capacity for casualty programs now totals $17mn.
-
Blue Signing Re CEO Velasquez will be XS Global's head of casualty motor, L&H and benefits.
-
Tim McDougald most recently served eight years as Marsh’s New England operations leader.
-
The MGA platform has been under auction since last year.
-
The M&A insurance MGA also secured support from Accelerant.
-
GeoVera’s UW operations go to SageSure, while its insurance companies merge with SafePort.
-
The acquisition announcement is Doxa’s second this week.
-
The segment represents approximately 11% of the overall P&C market.
-
RLL offers a fully insured and captive program to multifamily owners and managers.
-
Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
-
The oversubscription may signal additional capacity waiting on the sidelines.
-
Sources said the Bermuda carrier has been working with Jefferies on the sale.
-
The announcement confirms earlier reports from this publication.
-
Sources said the deal was roughly three times over-subscribed as cat becomes hot.
-
The Ahoy! deal marks the first acquisition for the RedBird-backed MGA.
-
Dowling Partners is advising the company.
Most Recent
-
Carriers ‘behaving rationally’, looking to grow: Gallagher
September 19, 2024 -
RT Specialty announces six leadership appointments
September 19, 2024 -
Aon taps Burgos to succeed Criado as Puerto Rico head
September 19, 2024 -
Daily Digest: Top news from September 19
September 19, 2024 -
Rokstone makes two hires to bolster US casualty division
September 19, 2024