MGAs/MGUs

Savannah Thompson is set to exit after eight years with the company.

The MGA will also launch into cyber in 2026, adding to its property and marine lines.

The MGA has renewed its binder for 2026 with capacity from Lloyd’s.

Justin Camara was EVP and portfolio director for financial and professional liability.

He will join Gallagher as chief broking officer for EMEA transaction solutions.

Mathew Bond will be joining as director of tax.

PE, more alignment and tech are uncoupling MGAs from traditional market swings.

Canopius will continue to be one of several capacity providers to the MGA.

Icen said the hire supports its continued investment in developing a global M&A specialist.

Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.

One critical sticking point for Lloyd’s is the true alignment of interest with the market.

This publication revealed Jeroen van de Grampel and Nicholas Moore’s departures in August.

New Nuclear is currently raising capacity, with an eye to launch in 2026.

The business recently struck a deal to be acquired by Aquiline.

The underwriter worked for Nexus for over four years.

The aviation specialist is eyeing up diversifying into new classes such as marine.

Nobody likes flying in turbulence, and in recent years aviation insurers have faced their fair share of upheaval.

The venture will focus on speciality underwriting and related platforms.

Until successors start, the MGA will focus mainly on excess tax opportunities.

Better data validation and stronger claims controls are also key for MGAs.

The Lloyd’s-backed war-on-land facility provides coverage where capacity remains scarce.

The London-based MGA will begin underwriting its international book next month.

The business was founded last year by former Beazley underwriter Richard Young.

In October, this publication revealed that Nexus ceased writing W&I coverage.

The MGA has expanded its suite of products since launching last year.

This publication reported in October that Debbie Hobbs was to exit Miller after four years.

Stephenson will start his new role in early 2026.

Volt was launched in October 2024 to support clients through the energy transition.

Existing facilities and carrier partners will be transferring from K2.

The business was launched in July to focus on the smart-follow market.

The syndicate aims to write £80mn of programme business in 2026.

The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.

The MGA began offering US commercial E&S property products in December.

The specialty MGA launched in June this year with backing from BP Marsh.

Longbrook Insurance will write multiple lines of business.

The UK-based insurer’s Florida Re secured state regulatory approval in June.

The consortium will target excess layers, providing $250mn of capacity.

Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.

The federation, FASE, aims to connect all participants to provide a voice for European MGAs.

The business has not initiated a sale process, with the wheels not yet actively turning on an exit for Apiary.

The syndicate is expected to write ~$300mn of business in 2026.

The MGU’s second syndicate launch was delayed from January 2025.

BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.

The London MGA is considering various options, including a minority investor.

The Jay Rittberg-led program manager kicked off a strategic process in August.

Christopher Reynolds and AJ Jones have been hired as business development directors.

The executive is charged with defrauding investors out of nearly $500mn.

A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.

The executive has run the MGA platform since its 2017 inception.

Neil Ross was also appointed CUO for the broker’s MGA.

The MGA is also looking to build out its US mid-market professional liability expertise.

Carriers are rethinking the traditional renewal-rights model.

The Ryan Specialty renewables MGA launched an international arm last year.

Pryor-White founded Tarian Underwriting, which was sold to Corvus in 2022.

It comes as the MGA expects to write more than $1bn of premium in 2026.

The underwriter has worked for Markel in Singapore since 2020.

The carrier has renewed and extended its capacity arrangement with the MGA.

Seller White Mountains will retain a roughly 15% fully diluted equity stake.

West Hill Capital is the main investor in the capital raise.

The business has been ~70% owned by White Mountains since January 2024.

The firm offered W&I cover with capacity of up to £16mn per transaction.

The MGA secured a “significant strategic investment” from Zurich earlier this year.

Kantara now holds a majority stake in the MGA, with the rest held by employees.

The vehicle will now cover an E&S program jointly launched with Accredited.

The company will continue its capacity partnership with the MGA until 2030.

The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.

This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.

MGA Amiga Specialty launched in May, with backing from investor BP Marsh.

The market turn may give some staff pause for thought, but reward remains high.

The change in reinsurance intermediary follows an RFP for the account.

It said the loss did not reflect the underlying economic performance of the business.

The measures also seek to encourage greater wildfire mitigation efforts.

The sidecar will support five programs providing specialty frequency coverages.

The MGA will be led by Convex UK CEO Theo Butt. 

The business has ramped up its underwriting volume since launching in Lloyd’s last July.

Insurance Insider reported earlier today of the asset manager’s foray into the MGA space.

The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.

The business said it was experiencing strong momentum on the Island.

The deal represents a first entry into the US MGA market for the $1.1tn asset manager.

The Howden MGA established its marine presence in the Netherlands in 2023.

The deal is expected to result in $700mn in combined GWP in Florida upon completion.

The MGA has set a "new market benchmark" for non-US primary tax risk, it said.

The vehicle will provide a streamlined route for capital to its client MGAs.

Pine Walk has grown substantially and is on course to write $1.2bn of premium this year.

The Argenta-backed MGA is already active in the cargo and property classes of business.

The departure follows an investigation into an “offensive” email sent by Rouse.

The treaty underwriter is set to run an MGA within the group.

Former Hannover Re CEO Jean-Jacques Henchoz received the Lifetime Achievement award.

Jane Poole will succeed Michael Grist, who exits after nearly 16 years.

The deal ends Livingbridge’s two-year attempt to sell the UK broking/MGA platform.

Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.

Submission volume is up 10%-20%, according to sources.

Property MGA Arden Insurance Services specialises in multi-family habitations.

The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.

Ex-Tysers chairperson Dan Lott heads the consultancy as CEO.

This publication revealed two years ago that EQT could lodge a $1bn claim.

He joins from MS Amlin, where he was lead underwriter for US casualty.

The family-owned group is embarking on a major international expansion.

Arch will continue to provide long-term capacity for the MGA.

The company has also expanded its relationships with US and UK MGAs.

Verita leadership and staff will remain intact and “seamlessly functional”.

The underwriter was head of financial institutions at LSM for six years.

Nadia Beckert was promoted to Bermuda CUO in March.

The MGA will initially focus on credit, energy and construction.

The transaction is expected to have a price-to-earnings multiple of 11x.

The firm will target mid-market risks with TIVs of $25mn-$1bn.

In part II of our series, we look at where AI is being integrated into claims departments.

The legacy player is working to secure its first deal, and could look to expand to US E&S.

Insight into the state of the insurance M&A market, powered by this publication's deal database.

Demian Smith joins from Guy Carpenter.

The fronting insurer will be able to support MGAs across the 27 EU states.

Sources said MarshBerry is advising the underwriter.

The MGA no longer has an FCA licence and was wound up in May.

The medical professional liability firm is targeting further healthcare opportunities.

The medical liability carrier said the deal marks a strategic shift.

In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.

The MGA has also appointed Probitas alumnus Kiran Wignall.

The MGA has recently added casualty and specialty reinsurance divisions.

The MGA has secured Lloyd’s paper to write crypto theft insurance.

A representative from the carrier said Nexus is responding “with urgency”.

Patel has run the MGA platform since its launch in 2017.

Dan Prince said the firm will work with brokers’ existing relationships.

Plus, the latest people moves and all the top news of the week.

The executive said there was an ‘active cross-sell culture’ across The Fidelis Partnership.

How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?

It subsequently emerged that Thompson was not joining Amiga and has since set up Sodalis Capital.

The start-up aims to bind its first risk in Q4 2025.

The MGA will write natural resources professional liability business.

Volante joins capacity providers Allianz and Tokio Marine Kiln.

Syndicate 1947 is gearing up to expand its marine reinsurance portfolio.

The business is one of the first to sell in this round of Lloyd’s M&A.

The Bermudian investor already owned a 1% interest in the NY-based MGA platform.

The challenge now is balancing top-line growth with underwriting discipline amid falling rates.

Carriers expect a rise in the severity and frequency of claims over the next two years.

The MGA has been through a remedial exercise under Acrisure’s ownership.

The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.

There has been an uptick in UK retail firms buying cyber after a string of attacks.

The awards will be held on 3 September at The Brewery in London.

Last month, Combarro announced his exit on LinkedIn after 17 years at Lockton.

The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.

Holschneider co-founded the firm and is currently executive chairman.

Volante’s syndicate may still support select transactional liability risks, but it will not have an in-house team.

Peter Montanaro retired from his role as market oversight director at Lloyd’s in May.

Nick Line has spent 28 years at Markel, where he has been CUO since 2018.

The executive said the MGA model is here to stay and offers an “immense value”.

Is the huge growth experienced by the MGA sector run out of steam?

The pair is looking to provide investment and strategic advice to early-stage firms.

Logue replaces Richard Barke, who is moving to a senior leadership role at Asta owner Davies.

In 2024, MGA GWP reached approximately $20bn in Europe.

BP Marsh has subscribed for a 49% shareholding in the start-up MGA.

The MGA has built out a suite of products, including a planned launch into political violence.

The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.

Jack Kenneally will take on the role of class underwriter at the MGA.

Sam Wylie has been appointed portfolio manager.

Bredahl has been appointed CEO and Bonneau as chairman.

Starr and Axon also are among those exposed to the Marsh USA-placed $40mn line.

There have been several personnel moves in the fast-growing tax insurance space recently.

He will also invest in the company.

In January, 32 Acquinex employees resigned, with 22 moving to Howden’s underwriting arm.

Motion Specialty will initially focus on high value home and flood insurance in the US.

Delegates welcomed the FCA’s red-tape cut, but said more is yet to come.

Sources said MarshBerry was retained earlier this year to run the sale.

The executive previously worked at Hiscox and Aviva.

The MGA is building out its product base from its latent defects and surety offering.

The group has hired Hines Associates to advise on the process.

Jacqui Ferrier speaks with Insurance Insider in her first interview since taking the reins.

The executive was head of fine art and specie at Miller until February 2025.

The appointment follows the recent exits of CUO Chatterjee and SVP Dharma-Wardana.

The Nordic operations have capacity provided by Allianz Commercial.

These resignations come as many former Acquinex employees begin their new roles at Dual this week.

Co-founder and CUO Jacqui Ferrier has been appointed his successor.

The firm acted as the front for Trouvaille Re, the E&S property sidecar for MGA AmRisc.

Alongside Chatterjee, SVP Dharma-Wardana has also exited the team.

Giles Hussey is set to join from Guy Carpenter.

Meco's 2024 gross written premiums totaled $63mn.

Methven joined the MGA in 2002.

Due diligence is essential to make sure incubators are backing winners.

Alex Amezquita will fill Cahill’s previous position as CFO.

In January, 32 Acquinex transactional liability employees resigned for Howden’s underwriting arm, Dual.

The move was influenced by fierce competition in the domestic US D&O market.

Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.

The specialty MGA has been pursuing an M&A strategy in recent months.

The group is expecting to announce more M&A deals this year.

The coverholder’s deal with SiriusPoint expired at 1.4.

Chris Jones, Will Shepherd-Barron and David Clark will join the start-up.

Allianz has previously entered several capacity arrangements with the MGA.

The strategic investment supports Icen’s international ambitions.

The Paragon-owned coverholder is known as a specialist in film insurance.

The MGA will be Pine Walk’s 13th start-up.

Personnel movement has been high in the PVT class as new capacity enters the market.

PartnerRe's $5mn commitment will enable the MGA to expand its D&O line size.

The product offering is led by Rob Earrey and James Harris.

The MGA will operate as an appointed representative of Davies.

Sources said Insurance Advisory Partners is advising the fac MGA on the strategic process.

CEO Rinku Patel said the move marked a “clear step change” in Pine Walk’s MGA strategy.

Evercore has reached out to a combination of strategics and private equity houses.

The binder will provide capacity for international fac property, power and onshore energy.

The business offers parametric windstorm coverage.

The property and specialty insurer reported underwriting profits of $131mn ($170mn).

The company’s syndicate has booked an 87.4% combined ratio for 2024.

The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.

The transactional liability-focused MGA's Lloyd’s line is up from £37.5mn to £40mn.

Staff who left SRG’s MX Underwriting will begin working for Canopy this year.

The offering includes GA, aviation GL and airport and product manufacturers liability.

The product provides primary and excess coverage limits up to £5mn.

The executive said MGA and broking start-up activity looked set to continue.

Is the MGA start-up boom here to stay?

The MGA will be trying to replace the transactional liability capacity in the coming weeks.

The group joined Velocity in December and includes James Robertson.

The distribution firm has accused the MGA platform of illegally recruiting staff.

The executive also spent nine years at Ace.

The niche auto underwriting cell was the first to launch on the MGA platform.

Last month, MGA Acquinex’s 20+ transactional risk team resigned for roles at Howden-owned MGA Dual.

The MGA launched last October with a B.P. Marsh investment.

The MGA will have a broad casualty-focused appetite with Lloyd’s capacity backing.

This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.

The broker is understood to be seeking a consideration of £3.75bn+.

The investors are led by PE firm NMS Capital Group.

The MGA’s US clients will now have access to London market capacity.

The traditional R&W product is seeing an increasing number of large losses.

The business has so far invested in ProMarine and Killara Cyber.

The specialty MGA is being watched closely by PE houses for signs of movement on a sale.

Talbir Bains founded the Acrisure-owned MGA in 2018.

The organisation has released its mission for 2025 and signed a MoU with the ABI.

CUO responsibilities will now be split out across senior underwriting leadership.

Gary Head led the schemes & delegated authority, FL and specialty teams at Axa.

The facility is backed by a $10mn Lloyd’s binder.

The MGA and 49% owner SiriusPoint could bring in a new investor.

He succeeds James Potter, who is set to become chairman at Rokstone.

The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.

VUW.ai rebranded from Vi Digital last March.

The executive will join from Miller.

The unit will write business from Australia, Canada, the UK and Europe.

The executive said that the fragmentation of the European market has proved a barrier to entry in the past.

CEO McManus vows broker “will not be silent” over “unlawful” competitor behaviour.

The insurer has renewed separate three and five-year arrangements.

Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA.

The new European A&H business will be led by Samia Baliad, who joins the company from Axa.

Transactional risk head Smith has spent the last six years at Acquinex in various senior roles.

Charlton joins specialist construction MGA from Consort Technical Underwriting Managers.

The pair have joined from Ryan Specialty Group’s Castel.

The MGA can now put down $200mn lines in the niche aviation war class.

The programme was developed in collaboration with Allianz Commercial.

This publication revealed on Friday that Reith was joining the firm, having departed from Helios in June.

The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.

The executive will look to develop the MGA’s specialty underwriting portfolio.

David Hughes has a line size of A$10mn with a global mandate.

Hess joined the tax MGA in March 2023.

The underwriter most recently worked as head of hull and war for Travelers Syndicate 5000.

The firm said the UK hub demonstrates its commitment to expanding in Europe.

The MGU also announced a string of promotions to leadership, including RWI CUOs and a new head of Europe.

The MGA has also hired a financial controller.

Jamie Cann, previous head of aviation and space at the Fidelis Partnership, also joined Axa XL.

Castel founder Mark Birrell will take the role of executive chairman.

The MGA secured its first box in April.

The Pen Underwriting MGA is expanding from its marine war specialism.

The hybrid fronting carrier was launched last year and is led by Talbot alumnus Sam Reeder.

The deal follows Bishop Street’s acquisition of Ethos’ TL operations from Ascot.

Amwins is working to build out its London underwriting business.

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

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.

He will be responsible for originating European acquisitions as part of the MGA’s global expansion plans.

Matt Foster joins Coalition following an eight-year tenure at Munich Re.

The Canadian pension plan put its Lloyd’s portfolio under review earlier this year.

The raise includes minority investments from Nationwide, Enstar and others.

The announcement comes a week after the launch of international property MGA Seraphina.

The deal is Optio’s largest in Europe to date.