MGAs/MGUs

The marine MGA is continuing to build out its staff base and product offering.

What should we expect in the world of deal-making in 2025? According to Tony Ursano of Insurance Advisory Partners, the stage is set for a spree of transactions. In Lloyd's, it's a question of when, not if deals will take place. Meanwhile, the MGA market remains "red hot".

The underwriter will manage and develop the MGA’s professional indemnity portfolio.

Several businesses are set to launch new marine offerings in 2025.

The partnership is Fidelis Insurance Group’s first third-party capacity deal.

The business will trade via London, the US and Canada.

The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.

A significant amount of new capacity has flowed into the political violence and terror market in recent months.

Former PWC partner Tom Brown has been named interim CFO.

The marine underwriter said the business had grown through taking “very big positions” on programmes.

How do you build a $400mn MGA? Navium Marine CEO Clive Washbourn told Behind the Headlines that his business is a "fighter jet" out hunting for deals. Navium has built scale by taking on risk "in a fairly aggressive way" with large line sizes available to deploy. Whilst the marine market is now coming under pressure, Washbourn still thinks there is "robustness" in rating, although making money in the volatile Red Sea war market is challenging.

Craig Miller most recently held the role of UK commercial director at Dual Oliva.