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The deal adds a further £14mn of GWP to the business, following the recent purchase of Tay River Holdings. -
The MGA has also appointed Protean Risk’s Charlie Cooper for FI, fintech and cyber underwriting.
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Brown & Brown was ranked as the largest MGA Group in the world as the first to generate more than $1bn in annual revenue.
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Ebitda multiples for MGAs are undented by rising interest rates, report claims.
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The US retailer’s acquisition of the UK MGA and broking group will be mutually beneficial, according to executives.
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Based in Miami, the executive joins BUA as partner, working alongside managing director and CUO Juan Calvache.
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Lloyd’s has asked all syndicates to outline their delegated authority (DA) portfolio at a whole account level for syndicate business discussions (SBDs), as the 2024 business plan cycle kicks off.
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The transaction, which was announced in early January, included Ambridge’s operations in the US, UK and Germany.
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Jackson is likely to be charged with a build-out beyond the three lines currently underwritten in London.
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Bermudian carrier SiriusPoint’s equity stake in D&O MGA Banyan Risk has been reduced to 49% from 100%, filings show.
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The funding from BP Marsh has enabled a management buyout from Castel Underwriting Agencies, with the management owning the remaining 65% of Verve.
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Bastion Risk Partners will operate autonomously as a provider of specialist (re)insurance solutions for a wide range of commercial entities.
