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Coterie teams up with Berkley Re to provide cyber insurance for evolving business risks

23rd October 2024

Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion. Leveraging coverage from Berkley Re Solutions and cyber services from TransUnion's TruEmpower™ Cyberscout solutions, Coterie now integrates Berkley Re’s tailored ... Read the full article

Ascend & QuoteWell partner to simplify non-admitted markets’ quoting process

16th October 2024

Ascend, a comprehensive accounting operations platform for insurance, has partnered with QuoteWell, a commercial insurance managing general agent (MGA) and wholesale brokerage, to modernise MGA accounting and workflows. This partnership aims to seamlessly integrate QuoteWell's innovative technology-driven submission and quote process with Ascend's automated payments and financing tools. Together, the two companies ... Read the full article

PRA outlines strategy to boost UK insurance competitiveness & attract investment

26th September 2024

As the PRA marks the first anniversary of its Secondary Competitiveness and Growth Objective (SCGO), the regulator's Director of Insurance Supervision, Shoib Khan, has highlighted a series of new initiatives designed to maintain trust in the prudential framework while facilitating the UK’s economic growth through the insurance sector. Introduced last year ... Read the full article

South Shore Insurance Underwriters expands to US West Coast with LSI acquisition

20th September 2024

Managing general agency South Shore Insurance Underwriters (SSIU) has announced the acquisition of Linneman Specialty Insurance (LSI), as part of the MGA’s expansion plans to the US West Coast. LSI, founded by the late John Linneman and current president Raymond Brown in 2011, aims to deliver exceptional service while writing a ... Read the full article

Written premiums top $1 billion for Millennial Specialty Insurance

22nd August 2024

Millennial Specialty Insurance, LLC, (MSI) an independent managing general agency (MGA) in the US, and a subsidiary of The Baldwin Insurance Group, Inc., an insurance distribution firm, recently announced that it has surpassed $1 billion in in-force written premiums during the second quarter of 2024. "This milestone is a reflection of ... Read the full article

Ryan Specialty and Private Client Select launch excess & surplus lines distribution partnership

26th July 2024

Private Client Select Insurance Services LLC (PCS), an independent Managing General Underwriter mainly owned by American International Group, Inc. (AIG) and Stone Point Capital LLC, has revealed a new partnership with Ryan Specialty. In this partnership, Ryan Specialty will exclusively serve as the wholesale broker for PCS in the High and ... Read the full article

Industry veteran Wingett joins Specialty MGA UK as Senior Underwriter for Agriculture

24th May 2024

Managing general agent (MGA) Specialty MGA UK has expanded its expertise with the appointment of 40-year industry veteran, Jonathan Wingett, as Senior Underwriter for Agriculture. Wingett is a renowned reinsurance underwriter and broker who has spent large parts of his career working across Asia, including Japan, Singapore and Malaysia. During his time ... Read the full article

GeoVera combines insurance carriers with SafePort, sells MGA to SageSure

9th April 2024

GeoVera Insurance Holdings, Ltd. has announced its plans to sell its managing general agent business, GeoVera Advantage Insurance Services, Inc., to SageSure; once the deal closes, a new entity named GeoVera Nova Holdings, Inc. (GeoVera Nova) will emerge, assuming control of four insurance operating units. Following the completion of the transaction, ... Read the full article

Coterie secures $27m in new capital investment from Hiscox and others

20th March 2024

Coterie Insurance, an insurtech managing general agent (MGA), has recently secured $27 million in new capital investment from Hiscox, alongside various existing investors. Expressing gratitude for this investment, David McFarland, CEO of Coterie, states, "We're incredibly grateful for the recognition and belief in how we're reimagining the small commercial insurance space ... Read the full article

Fire safety reinsurance facility established by McGill and Partners finalised

13th March 2024

A new initiative has been set up which aims to help improve the availability of insurance for higher-risk buildings awaiting work to fix fire safety issues. The Fire Safety Reinsurance Facility will help to increase insurance market competition to cover properties affected by combustible cladding and other fire safety issues. From what ... Read the full article

Lloyd’s changes its way of operating in two countries

4th March 2024

Lloyd’s Insurance Company S.A. (Lloyd’s Europe) has announced its will provide non-life insurance business services on a Freedom to provide Services basis only in Lithuania and Malta from February 29, 2024. According to the announcement, the National Bank of Belgium (NBB), as Lloyd’s Europe’s home supervisor, has confirmed it has no ... Read the full article

Venture Programs selects Vortex as parametric partner for private golf clubs

23rd February 2024

Venture Insurance Programs has chosen Vortex Weather Insurance, an insurtech specialising in weather risk management for outdoor venue hosts and golf clubs, to be their sole provider of parametric weather insurance policies. This agreement represents Vortex's first partnership as a managing general agency, with clubs now having access to its parametric ... Read the full article

Arch among backers of insurtech MGA Rainbow

18th January 2024

Rainbow, the digitally-enabled managing general underwriter, has raised $12 million in seed funding with participation from Arch Capital Group Ltd., Caffeinated Capital, Altai Ventures, Zigg Capital, 8VC, Buckley Ventures, and Habitat Partners. The company’s flagship program, an admitted business owner’s policy (BOP) product specifically tailored to the restaurant industry, is currently live ... Read the full article

Amwins appoints Jason Kunert as Head of Claims

17th January 2024

Amwins, the Charlotte-domiciled global distributor of specialty insurance products and services, has appointed Jason Kunert to the newly created position of Head of Claims. Mark Bernacki, Chief Underwriting Officer, Amwins, commented on the appointment, "As a wholesale insurance distributor, our commitment to our carrier partners and retail agents is uncompromising. "We're excited ... Read the full article

MGA Foxquilt teams with Markel to expand presence in the US

16th January 2024

North American digital managing general agent (MGA), Foxquilt has entered into a strategic and long-term capacity relationship with global specialty insurance provider, Markel, which is set to spearhead embedded insurance innovation for more small business owners, agents/brokers, and enterprise partners across North America. Backed by the specialty insurance provider, this ... Read the full article

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