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Steadfast Group continues expansion US MGA Novum

4th September 2025

Steadfast Group, an Australian insurance broker, has announced the acquisition of a majority stake in Novum Underwriting Partners LLC, an US-based specialty managing general agency (MGA) and wholesale brokerage. Established in Ohio in 2019, the business is underpinned by a proprietary technology platform, Novum Online, to offer a suite of services. This ... Read the full article

Florida MGA Crestwell Underwriters launches with investment from Bain Capital

26th August 2025

A newly established, Florida property insurance-focused managing general agent (MGA), Crestwell Underwriters, LLC, has launched with significant capital support from Bain Capital. Initially, Crestwell will offer admitted, property-only insurance for condominium associations based in the state, providing coverage at a competitive price and backed by a disciplined, data-driven approach towards underwriting. ... Read the full article

Moody’s raises Ryan Specialty’s credit ratings, outlook revised to stable

22nd August 2025

Moody’s Ratings, the credit rating agency, has upgraded Ryan Specialty, LLC, a provider of specialty insurance solutions, to reflect the company’s stronger market position and improved financial profile. Ryan Specialty’s corporate family rating was lifted to Ba3 from B1, while its probability of default rating was raised to Ba3-PD from B1-PD. Moody’s ... Read the full article

Green Shield Risk Solutions launches wildfire programme for Colorado and California

22nd August 2025

Green Shield Risk Solutions, a managing general agent (MGA) focused on high-risk insurance markets, has launched its new homeowners programme, Guardian Elite Home. Developed specifically for wildfire-prone areas in Colorado and California, the programme offers brokers an alternative in markets where property insurance options are limited. Homeowners in these regions face increasing ... Read the full article

Coterie Insurance names Mike Albert and Allan Egbert to technology leadership roles

21st August 2025

Coterie Insurance, a tech-enabled and data-focused managing general agent (MGA), has appointed Mike Albert as Chief Technology Officer and Allan Egbert as Chief Platform Officer. Albert and Egbert have worked with Coterie as advisors since early 2025. The two previously co-founded Ask Kodiak, an insurtech that built an appetite and eligibility ... Read the full article

Ryan Financial Lines expands IAB E&O Program with admitted product

21st August 2025

Ryan Financial Lines, a managing general underwriter (MGU) within Ryan Specialty Underwriting Managers, has expanded its national Insurance Agents & Brokers (IAB) E&O Program to offer an admitted product available in all US states except Connecticut, New York, Alaska, and Hawaii. Designed for retail agents, this expansion underscores Ryan Financial Lines’ ... Read the full article

Specialty MGA Africa and Middle East appoints Rabie as Senior Underwriter, Property & Engineering

4th July 2025

Specialty MGA Africa and Middle East, the managing general agent providing additional capacity for specialty lines of business, has appointed Mohammed Rabie as Senior Underwriter for Property and Engineering, based in its Casablanca office. In his new role, he will report to the Specialty MGA Africa and the Middle East’s Chief ... Read the full article

Neptune appointed as Palomar’s exclusive MGA for flood insurance

27th June 2025

Specialty property insurer Palomar Holdings, Inc. has announced a strategic partnership with Neptune Flood, a private flood insurance provider, to accelerate growth in the US flood insurance market. As part of the collaboration, Neptune will become Palomar’s exclusive managing general agent (MGA) for flood insurance. Palomar will gain access to Neptune’s AI-powered ... Read the full article

European MGA market growth is outpacing US and global benchmarks: Howden Re

11th June 2025

In a new report, Howden Re reveals that the European Managing General Agent (MGA) ecosystem is growing at a five-year compound annual growth rate (CAGR) of approximately 23%, outpacing both US and global benchmarks. There are over 650 MGAs across Europe with approximately €18 billion in gross written premiums in 2024 ... Read the full article

US Coastal secures $330m in US named storm reinsurance with first cat bond

30th May 2025

US Coastal Insurance Company (USCIC) and US Coastal Property and Casualty Insurance Company (USCPC)—together known as US Coastal—have sponsored a debut catastrophe bond, securing $330 million in US named storm reinsurance through its Chartwell Re Ltd. (Series 2025-1) issuance. The cat bond provides indemnity-triggered, per-occurrence reinsurance protection against named storm losses ... Read the full article

K2 Cyber launches for SMB cyber insurance

3rd April 2025

K2 Insurance Services, an independent specialty insurance program manager, has launched K2 Cyber, a managing general agent (MGA) focused on SMB Cyber Insurance. K2 Cyber provides Intelligent Cyber Insurance, combining continuous risk engineering, advanced prevention tools, and comprehensive cyber education. This data-driven approach leverages AI, behavioral analytics, real-time threat intelligence, SaaS integrations, ... Read the full article

A. J. Gallagher acquires Texas-based Litchfield Special Risks

25th March 2025

Risk Placement Services, Inc. (RPS), the US wholesale brokerage and binding authority and programs division of Arthur J. Gallagher & Co., has acquired Litchfield Special Risks, Inc. (LSR). Terms of the transaction were not disclosed. LSR, a wholesale insurance broker and managing general agency (MGA) based in El Paso, Texas, specialises ... Read the full article

Amwins acquires Community Association Insurance Solutions

5th March 2025

Amwins, a distributor of specialty insurance products and services, has acquired Community Association Insurance Solutions (CAIS), a Managing General Agent (MGA) and Programme Administrator specialising in insurance solutions for homeowners' associations, townhomes, condominiums, and planned unit developments. As per the terms, CAIS will continue its ongoing operations as part of Amwins ... Read the full article

Specialty MGA UK strengthens construction team with Senior Underwriter appointment

10th February 2025

Specialty MGA UK, a managing general agent focused on providing additional capacity for specialty lines, has expanded its construction team with the appointment of Sam Hui as Senior Underwriter for Onshore Construction and Energy. Hui is a highly experienced insurance and reinsurance professional with over 30 years in construction and energy ... Read the full article

FCCI partners with Cognizant to expand into E&S market and modernise operations

25th October 2024

Through a partnership with Cognizant, FCCI Insurance Group (FCCI) has launched a new Excess & Surplus (E&S) line of business, marking a significant milestone in its modernisation journey. This collaboration utilises Cognizant's expertise in the insurance industry and Duck Creek Policy with Active Delivery to modernise FCCI's operations and expand into ... Read the full article

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