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