You searched for managing general agents - Page 13 of 25

PartnerRe to expand into direct insurance through MGA relationships in the US

21st December 2022

Global reinsurer PartnerRe is planning an expansion into direct lines of insurance program business through MGA relationships in the United States. PartnerRe has secured an AM Best rating for its Bermuda entity PartnerRe Insurance Solutions Bermuda Ltd. AM Best assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Credit Rating ... Read the full article

WTW names EMEA Head of Commercial Lines transformation

9th December 2022

Re/insurance broker WTW has announced the appointment of Derric Howard to the role of EMEA Head of Commercial Lines Transformation, within its Insurance Consulting and Technology (ICT) business. He will be based in London and work with European insurance firms, brokers and other market players to modernise and digitise the underwriting ... Read the full article

AM Best assigns positive outlook to DUAE market segment

6th December 2022

The global delegated underwriting authority enterprise (DUAE) segment has been assigned a positive outlook by credit rating agency AM Best. Technology, talent and diverse sources of capital continue to drive growth in this channel, the agency added. According to the announcement, the outlook reflects AM Best’s expectation that this distribution channel ... Read the full article

Obsidian introduces PAR tool to be offered to MGAs, reinsurers & brokers

4th November 2022

Obsidian Insurance Group has announced the introduction of a Program Analytical Review (PAR) data analytics tool, that will be offered by Obsidian to its managing general agents (MGAs), reinsurers and reinsurance brokers. The level of detail and analysis that PAR provides will deliver keen insight into pricing, profitability, and loss trends ... Read the full article

Technological advancements and talent driving MGA growth: AM Best

26th September 2022

A new report from AM Best highlights that premium growth attributable to managing general agents (MGAs) has increased significantly over the last decade. Fuelled by premium growth, delegated underwriting authority enterprises (DUAE) are gaining a more prominent role with insurers when it comes to addressing more specialized coverage needs. Both experience and ... Read the full article

McDermott Will & Emery add to insurance division at NY Department of Financial Services

21st September 2022

Law firm McDermott Will & Emery's John F. Finston has been appointed to be executive deputy superintendent of the insurance division at the New York State Department of Financial Services. The firm said that Finston will begin in the new role at the beginning of October, exiting private practice to take ... Read the full article

Insurtech startups shift focus to profitability: S&P

17th August 2022

A recent S&P Global Market Technology report suggests insurtech startups have shifted from a "growth at all costs" mentality to one more focused on profitability. Full-stack companies, or those that have licensed carrier subsidiaries, will require profitable underwriting and investing to achieve this goal, though the report says this may prove ... Read the full article

AM Best removes R&Q companies from being under review with negative implications

21st July 2022

AM Best has removed Accredited Surety and Casualty company, Accredited Specialty Insurance Company, and Accredited insurance (Europe) from being under review with negative implications. Concurrently, the company said it had affirmed Financial Strength Ratings for the firms of A- (Excellent) and Long-Term Issuer Credit Ratings of a- (Excellent). It has also ... Read the full article

Vertafore acquires MGA Systems

4th July 2022

Vertafore has announced that it has acquired MGA Systems, a provider of purpose-built software for Managing General Agents (MGAs). The acquisition will give Vertafore customers access to policy administration and rating solutions that will be integrated into Vertafore's suite. The MGA market has seen consistent growth over the several ... Read the full article

US cyber liability market continues growth trend

22nd June 2022

Direct premiums written in the US cyber liability market continued to grow in 2021, seeing a 75% increase, far outpacing that of the overall property/casualty insurance industry. However, according to an AM Best report, there has been a 16% increase in claims and just a modest reduction in the loss ... Read the full article

Accelerant sets up Brussels office

16th June 2022

Insurtech platform Accelerant has announced the establishment of a new EU headquarters in Brussels, as it continues to target expansion in Europe. Founded in 2018, Accelerant specializes in serving a network of managing general agents (MGAs). Accelerant Insurance Europe S.A. was formed in 2021 with the ability to trade across the UK ... Read the full article

MGAA appoints Tim Richards to new role

13th June 2022

The Managing General Agents’ Association (MGAA) has appointed Tim Richards to the new role of technical services manager. As part of the firm’s wider growth and development strategy, Richards will report directly to CEO Mike Keating and will be responsible for supporting plans to extend its influence in the market by ... Read the full article

Randall & Quilter reports 92% increase in GWP

30th May 2022

Randall & Quilter Investment Holdings has said gross written premiums in its Program Management business in Q1 2022 reached $370m. This figure represents a 92% increase from its Q1 2021 result, when gross written premiums of $193m. William Spiegel, executive group chairman of the firm, said: “We continue to be excited by ... Read the full article

Beat Capital selects OneShield to launch new MGAs & fuel US expansion

20th May 2022

Investment firm, Beat Capital Partners (Beat), has chosen OneShield Software's as a service (SaaS) technology platform – OneShield Market Solutions (OMS), to launch and incubate new Managing General Agents (MGAs). With its out-of-the-box features, OMS will help to provide optimized operational efficiencies and fuel Beat’s entry into the US market. In a ... Read the full article

Nat cat strategies diverge amongst largest reinsurers: Fitch

18th March 2022

Analysts at Fitch Ratings have observed differing approaches to managing natural catastrophe risks among the four major European reinsurers, following positive results for the group in 2021. The rating agency notes that all four reinsurers benefitted from the favourable pricing environment in reinsurance so as to increase premium income by 10% ... Read the full article