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He will join Gallagher as chief broking officer for EMEA transaction solutions. -
Mathew Bond will be joining as director of tax.
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PE, more alignment and tech are uncoupling MGAs from traditional market swings.
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Canopius will continue to be one of several capacity providers to the MGA.
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Icen said the hire supports its continued investment in developing a global M&A specialist.
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Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
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One critical sticking point for Lloyd’s is the true alignment of interest with the market.
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This publication revealed Jeroen van de Grampel and Nicholas Moore’s departures in August.
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New Nuclear is currently raising capacity, with an eye to launch in 2026.
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The business recently struck a deal to be acquired by Aquiline.
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The underwriter worked for Nexus for over four years.
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The aviation specialist is eyeing up diversifying into new classes such as marine.
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Nobody likes flying in turbulence, and in recent years aviation insurers have faced their fair share of upheaval.
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The venture will focus on speciality underwriting and related platforms.
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Until successors start, the MGA will focus mainly on excess tax opportunities.
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Better data validation and stronger claims controls are also key for MGAs.
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The Lloyd’s-backed war-on-land facility provides coverage where capacity remains scarce.
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The London-based MGA will begin underwriting its international book next month.
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The business was founded last year by former Beazley underwriter Richard Young.
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In October, this publication revealed that Nexus ceased writing W&I coverage.
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The MGA has expanded its suite of products since launching last year.
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This publication reported in October that Debbie Hobbs was to exit Miller after four years.
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Stephenson will start his new role in early 2026.
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Volt was launched in October 2024 to support clients through the energy transition.
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Existing facilities and carrier partners will be transferring from K2.
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The business was launched in July to focus on the smart-follow market.
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The syndicate aims to write £80mn of programme business in 2026.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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The MGA began offering US commercial E&S property products in December.
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The specialty MGA launched in June this year with backing from BP Marsh.
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Longbrook Insurance will write multiple lines of business.
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The UK-based insurer’s Florida Re secured state regulatory approval in June.
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The consortium will target excess layers, providing $250mn of capacity.
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Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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The federation, FASE, aims to connect all participants to provide a voice for European MGAs.
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The business has not initiated a sale process, with the wheels not yet actively turning on an exit for Apiary.
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The syndicate is expected to write ~$300mn of business in 2026.
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The MGU’s second syndicate launch was delayed from January 2025.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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The London MGA is considering various options, including a minority investor.
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The Jay Rittberg-led program manager kicked off a strategic process in August.
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Christopher Reynolds and AJ Jones have been hired as business development directors.
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The executive is charged with defrauding investors out of nearly $500mn.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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The executive has run the MGA platform since its 2017 inception.
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Neil Ross was also appointed CUO for the broker’s MGA.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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Carriers are rethinking the traditional renewal-rights model.
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The Ryan Specialty renewables MGA launched an international arm last year.
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Pryor-White founded Tarian Underwriting, which was sold to Corvus in 2022.
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It comes as the MGA expects to write more than $1bn of premium in 2026.
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The underwriter has worked for Markel in Singapore since 2020.
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The carrier has renewed and extended its capacity arrangement with the MGA.
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Seller White Mountains will retain a roughly 15% fully diluted equity stake.
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West Hill Capital is the main investor in the capital raise.
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The business has been ~70% owned by White Mountains since January 2024.
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The firm offered W&I cover with capacity of up to £16mn per transaction.
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The MGA secured a “significant strategic investment” from Zurich earlier this year.
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Kantara now holds a majority stake in the MGA, with the rest held by employees.
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The vehicle will now cover an E&S program jointly launched with Accredited.
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The company will continue its capacity partnership with the MGA until 2030.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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MGA Amiga Specialty launched in May, with backing from investor BP Marsh.
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The market turn may give some staff pause for thought, but reward remains high.
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The change in reinsurance intermediary follows an RFP for the account.
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It said the loss did not reflect the underlying economic performance of the business.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The sidecar will support five programs providing specialty frequency coverages.
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The business has ramped up its underwriting volume since launching in Lloyd’s last July.
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Insurance Insider reported earlier today of the asset manager’s foray into the MGA space.
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The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.
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The business said it was experiencing strong momentum on the Island.
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The deal represents a first entry into the US MGA market for the $1.1tn asset manager.
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The Howden MGA established its marine presence in the Netherlands in 2023.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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The MGA has set a "new market benchmark" for non-US primary tax risk, it said.
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The vehicle will provide a streamlined route for capital to its client MGAs.
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Pine Walk has grown substantially and is on course to write $1.2bn of premium this year.
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The Argenta-backed MGA is already active in the cargo and property classes of business.
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The departure follows an investigation into an “offensive” email sent by Rouse.
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The treaty underwriter is set to run an MGA within the group.
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Former Hannover Re CEO Jean-Jacques Henchoz received the Lifetime Achievement award.
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Jane Poole will succeed Michael Grist, who exits after nearly 16 years.
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The deal ends Livingbridge’s two-year attempt to sell the UK broking/MGA platform.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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Submission volume is up 10%-20%, according to sources.
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Property MGA Arden Insurance Services specialises in multi-family habitations.
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
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Ex-Tysers chairperson Dan Lott heads the consultancy as CEO.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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He joins from MS Amlin, where he was lead underwriter for US casualty.
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The family-owned group is embarking on a major international expansion.
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Arch will continue to provide long-term capacity for the MGA.
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The company has also expanded its relationships with US and UK MGAs.
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Verita leadership and staff will remain intact and “seamlessly functional”.
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The underwriter was head of financial institutions at LSM for six years.
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Nadia Beckert was promoted to Bermuda CUO in March.
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The MGA will initially focus on credit, energy and construction.
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The transaction is expected to have a price-to-earnings multiple of 11x.
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The firm will target mid-market risks with TIVs of $25mn-$1bn.
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In part II of our series, we look at where AI is being integrated into claims departments.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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Demian Smith joins from Guy Carpenter.
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The fronting insurer will be able to support MGAs across the 27 EU states.
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Sources said MarshBerry is advising the underwriter.
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The MGA no longer has an FCA licence and was wound up in May.
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The medical professional liability firm is targeting further healthcare opportunities.
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The medical liability carrier said the deal marks a strategic shift.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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The MGA has also appointed Probitas alumnus Kiran Wignall.
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The MGA has recently added casualty and specialty reinsurance divisions.
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The MGA has secured Lloyd’s paper to write crypto theft insurance.
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A representative from the carrier said Nexus is responding “with urgency”.
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Patel has run the MGA platform since its launch in 2017.
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Dan Prince said the firm will work with brokers’ existing relationships.
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Plus, the latest people moves and all the top news of the week.
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The executive said there was an ‘active cross-sell culture’ across The Fidelis Partnership.
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How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?
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It subsequently emerged that Thompson was not joining Amiga and has since set up Sodalis Capital.
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The start-up aims to bind its first risk in Q4 2025.
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The MGA will write natural resources professional liability business.
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Volante joins capacity providers Allianz and Tokio Marine Kiln.
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Syndicate 1947 is gearing up to expand its marine reinsurance portfolio.
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The business is one of the first to sell in this round of Lloyd’s M&A.
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The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
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The challenge now is balancing top-line growth with underwriting discipline amid falling rates.
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Carriers expect a rise in the severity and frequency of claims over the next two years.
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The MGA has been through a remedial exercise under Acrisure’s ownership.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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There has been an uptick in UK retail firms buying cyber after a string of attacks.
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The awards will be held on 3 September at The Brewery in London.
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Last month, Combarro announced his exit on LinkedIn after 17 years at Lockton.
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The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.
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Holschneider co-founded the firm and is currently executive chairman.
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Volante’s syndicate may still support select transactional liability risks, but it will not have an in-house team.
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Peter Montanaro retired from his role as market oversight director at Lloyd’s in May.
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Nick Line has spent 28 years at Markel, where he has been CUO since 2018.
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The executive said the MGA model is here to stay and offers an “immense value”.
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Is the huge growth experienced by the MGA sector run out of steam?
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The pair is looking to provide investment and strategic advice to early-stage firms.
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Logue replaces Richard Barke, who is moving to a senior leadership role at Asta owner Davies.
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In 2024, MGA GWP reached approximately $20bn in Europe.
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BP Marsh has subscribed for a 49% shareholding in the start-up MGA.
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The MGA has built out a suite of products, including a planned launch into political violence.
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.
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Jack Kenneally will take on the role of class underwriter at the MGA.
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Sam Wylie has been appointed portfolio manager.
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Bredahl has been appointed CEO and Bonneau as chairman.
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Starr and Axon also are among those exposed to the Marsh USA-placed $40mn line.
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There have been several personnel moves in the fast-growing tax insurance space recently.
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He will also invest in the company.
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In January, 32 Acquinex employees resigned, with 22 moving to Howden’s underwriting arm.
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Motion Specialty will initially focus on high value home and flood insurance in the US.
