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?

BP Marsh announced its backing of Amiga, which is led by Adam Kembrooke, last month.

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.

The transaction will be one of the largest involving two strategics in broking history.

Kelly Sanders has returned to the Fidelis group to lead the unit.

The MGU said the refinancing allowed it to address a low leverage ratio and reward staff.

The firm will specialise in professional liability insurance for SMEs.

The build-out of the new vehicle will bring capacity to the constrained aviation war class.

The MGA aims to capitalise on the growth and maturation of the continental MGA sector.

Brics UW will allow emerging-market reinsurers to tap into London’s distribution.

The business is formed out of the existing Thomas Miller Specialty Offshore team.

It will offer additional capacity to WTW US property clients with a limit up to $25mn.

Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.

The executive will report to London-based BMS director Alex Shephard.

The investment will be used to scale operations and extend its presence in key international markets.

The reinsurer will provide capacity to the group’s London MGA.

Lloyd’s capital has several attractions to the MGA segment if it can manage the operational hurdles.

The syndicate will focus on writing non-cat delegated authority business.

Markel executive Alan Rodrigues will lead the unit.

Stuart Rouse, Kentro’s CFO, will step into the role of group CEO with immediate effect.

The operation will be led by Stephen Saunders, with Jawad Ghunaim from AIG as CUO.

The firm has hired from Probitas, Tamesis Dual and Aegis for the cells.

K2 plans to put $10mn-$20mn into the new syndicate, with third-party investors teeing up to fund the rest.

The executive replaces David Robinson, who left last month.

The multiline MGA was co-founded by Lea's fellow Vantage alum Farhan Shah.

MGAs are looking hard at capacity arrangements for fear of regulatory action.

Dan Walsh has led Aon Client Treaty for the past six years.

The acquisition allows AM Specialty to expand its E&S offerings.

The carrier said the office in Belgium “doubled down” on its commitment to Europe.

The MGA has added Scor and Argenta’s syndicates to its panel.

The chairman said PE ownership can be “sub-optimal” in softer market conditions.

Ambac also announced it was selling its financial lines book to Oaktree for $420mn.

The terrorism product, led by Chaucer, will offer an initial line size of $100mn.

The Howden-owned MGA lost ~$250mn in cat capacity in September.

The former Everest executive will look to roll out a range of new product lines at the heavyweight MGA.

The hard market has not burst the MGA bubble – and now interest is on the rise again.

Polo MGA will provide services to both start-ups and established MGAs.

O’Shea outlined growth ambitions and managing leadership transitions at the MGA in a wide-ranging interview.

The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.

This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada.

Colm Kelly will become the MGA's CUO.

Accusations levelled at the firm include verbal abuse, unwanted physical contact and bullying.

The carrier's UK portfolio will no longer be written with an in-house team.

Its first UK MGA partner signing is expected by the end of this quarter.

Hunt has previously held the role of CUO for the commercial business at RSA.

The MGA was founded by Natasha Attray, James Dodd, James Fletcher and Charles Turnham.

Rokstone has taken box 335 on gallery three and will write several specialty lines from the box.

Blue Signing Re CEO Velasquez will be XS Global's head of casualty motor, L&H and benefits.

The MGA platform has been under auction since last year.

Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.

Sources said the Bermuda carrier has been working with Jefferies on the sale.

The announcement confirms earlier reports from this publication.

The business will leverage technology from Clearwater Dynamics.

Sources believe Lloyd’s may be veering away from central DA systems.

The facility will target operators across the US, onshore and offshore.

The members were confirmed at the association's AGM.

The growth was spread across all classes of business, sources said.

The executive left OdysseyRe last August, as this publication revealed at the time.

The MGA previously hired Sara Valentine from Brit to launch in energy.

The team will be led by Alejandra Hernandez Irizarry and Courtney Alonzo.

Sources said the initiative includes former Ambridge executive MD Jeff Doran.

The binder has a line size of $2mn and will enable the MGA to write international property risks in a number of international territories.

Tom Fulford-Smith and Charles D’Alton previously founded and led marine intermediary Latitude Brokers in Hong Kong in 2014.

The deal follows this publication’s report that the Bank of America-run sale process of Castel was drawing robust interest.

It is understood that AUB’s investment in Mexbrit includes the broker’s marine-focused MGA subsidiary Forte Underwriters.

The MGA writes business including forestry, surety and financial lines, and was granted Lloyd’s coverholder status in July.

The MGA was without backing since March 2023, after Markel and Chaucer pulled their PVT paper.

There are clear strategic advantages to the company’s London launch – but demand may not be as high as in the US.

The question is whether the inherent value in CFC was in fact concentrated in departing executives David Walsh and Graeme Newman, or if the business can trade forward as it did.

The agency cited the segment’s sustained growth and performance on a global basis but noted tight capacity for certain risks and uncertainty looming over the fronting market as offsetting factors.

Allianz Trade recently announced that Stennett's role is being taken on by Peter Evola.

The product will protect offtake agreements from the risk of under-delivery of projected carbon credits.

The five-person underwriting team will be led by Ian Lewis, who has been named head of intangible assets.

It is understood the MGA will run a restricted process, but owners are open-minded on counterparties.

The specialist MGA was launched in February 2019 by former Aspen active underwriter Ed Beckwith in collaboration with former Pembroke head of tax Tom Cartwright.

Tokio Marine Kiln, Chaucer and Liberty Specialty Markets are among the Lloyd’s carriers understood to have joined the new venture.

BP Marsh will receive a £51.5mn cash consideration from the sale of its 18.7% shareholding in in the company.

Sources said the Houston, Texas-headquartered program manager is now writing business on Sutton National paper.

The fac-focused underwriter launched in South Florida earlier this year, providing general liability and PV coverage in Latin American markets.

Syndicate 1856 is looking to back diversified coverholders for the project.