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Ryan Specialty appoints Thomas Nash as President of CorRisk Solutions

1st December 2023

International specialty insurance firm, Ryan Specialty, has appointed Thomas Nash as President of CorRisk Solutions, effective December 1st, 2023. CorRisk is the wholesale distribution professional liability managing general underwriter, a part of Ryan Specialty Underwriting Managers. Nash joined Ryan Specialty through the acquisition of Socius Insurance Services in July 2023, where he ... Read the full article

Novatae appoints Von Breaux as its new COO

9th November 2023

Wholesale insurance brokerage and managing general agency, Novatae Risk Group, has appointed Von Breaux as the firm's new Chief Operating Officer (COO), where he will be responsible for operational activities related to the company's wholesale, managing general agency and program business. Breaux has more than 35 years of leadership experience in ... Read the full article

Lloyd’s & Moody’s to develop emissions accounting solution through Lloyd’s Lab

14th September 2023

Lloyd’s has announced a collaboration with Moody’s Analytics to develop a solution that will help quantify greenhouse gas emissions across managing agents’ underwriting and investment portfolios. According to Lloyd's, the solution will aid managing agents in meeting expected regulatory reporting requirements. Under current frameworks like Streamlined Energy and Carbon Reporting (SECR), ... Read the full article

Specialty MGA UK appoints Dermot Dick as Senior Underwriter for Energy

14th September 2023

Specialty MGA UK, a recently formed managing general agent, has announced the appointment of Dermot Dick as Senior Underwriter for Energy. Dick brings more than 40 years of experience in the sector with expertise in writing risks for the marine, power, energy and renewables sectors. He brings with him a global network ... Read the full article

Lloyd’s closes down Austria, Finland, and Poland branch offices

1st August 2023

Lloyd’s Insurance Company S.A. (Lloyd’s Europe) announced that it will close down European branch offices in Austria, Finland, and Poland, effective from July 31, 2023. Instead, the company said it will only provide services to these locations, but just without a formal office in each location. "...it will no longer provide non-life ... Read the full article

QBE North America and MGA Converge launch cyber insurance program

28th July 2023

QBE North America has announced the launch of a new cyber insurance program with Converge, a new managing general agent (MGA) that will act as program administrator. The program will be broken down into two separate distribution structures, ConvergeElements and ConvergeConnect. Each structure will have a distinct revenue focus and cyber ... Read the full article

Marsh names Charles Williamson as CEO of Victor, Brian Hanuschak becomes Chairman

28th July 2023

Marsh, the world's leading insurance broker and risk advisor, announced the appointment of Charles Williamson as the new Chief Executive Officer (CEO) of Victor, its prominent global managing general underwriting business. Effective August 1, Williamson will succeed Brian Hanuschak, who will take on the role of Chairman of Victor. As CEO, Williamson ... Read the full article

Victor names Ashleigh Cashman President of ICAT

14th July 2023

Victor, a global managing general underwriter (MGU), has announced the appointment of Ashleigh Cashman as President of International Catastrophe Insurance Managers LLC (ICAT), its US property catastrophe managing general agency (MGA). In her new role, effective 17 July, Cashman will be responsible for the overall growth, innovation, and talent development for ... Read the full article

Victor Insurance Exchange to bring additional US property catastrophe capacity to ICAT clients

27th June 2023

Victor Insurance Managers LLC, the global managing general underwriter, has announced the launch of Victor Insurance Exchange (Victor Exchange), a reciprocal insurance exchange, to deliver additional US property catastrophe capacity to existing and new policyholders of Victor's subsidiary, International Catastrophe Insurance Managers LLC (ICAT). The reciprocal insurance exchange is owned by ... Read the full article

B.P. Marsh acquires 35% stake in MGA Verve as it exits Castel platform

28th April 2023

B.P. Marsh, a specialist private equity investor in early stage financial services businesses, has completed a management buyout from Verve Risk Services Limited, a London-based club-style Managing General Agency (MGA). According to the announcement, the company has acquired a 35% Cumulative Preferred Ordinary shareholding in Verve. B.P. Marsh provided £1 million of ... Read the full article

Acrisure enters Central and Eastern Europe with acquisition of Unlink Group

5th April 2023

Global insurance broker and Fintech leader, Acrisure, has announced its acquisition of Unilink Group, the largest insurance distribution platform in the Central and Eastern European (CEE) region. By completing this acquisition, Acrisure will obtain over 1,300 colleagues across Poland, Bulgaria, Romania, Czech Republic, Slovakia and Moldova, as well as clients within ... Read the full article

Orion180 transitions from MGU to standalone carrier

21st February 2023

Orion180, a premier insurance solutions provider has announced that it has transitioned from managing general underwriter (MGU) to standalone carrier by launching Orion180 Insurance Co., an Indiana-domiciled company. This strategic shift showcases how Orion180 is developing further on its long-term strategy of becoming an independent insurance company, enabling its sustained growth ... Read the full article

Ryan Specialty launches global transactional risk practice

14th February 2023

Ryan Specialty, a service provider of specialty products and solutions for insurance, brokers, agents and carriers, has announced the formation of its global transactional risk practice – Ryan Transactional Risk. The firm is creating this global managing general underwriting practice by combining the operations of Concord Specialty Risks - headquartered in ... Read the full article

Palomar announces multi-year fronting partnership with Advanced AgProtection

11th January 2023

Palomar Holdings has entered the crop insurance sector through a new multi-year fronting arrangement with managing general agent (MGA), Advanced AgProtection. According to the announcement, this partnership expands Palomar’s PLMR-FRONT into the $20 billion US crop insurance market. It has also been authorised as the fourteen Approved Insurance Provider (AIP) in the ... Read the full article

Fanhua agrees to acquire Chinese life MGA Zhongrong, launches new tech offering

25th November 2022

Independent Chinese financial services provider, Fanhua Inc., has announced the execution of a term sheet to acquire majority interests in Zhongrong Smart Finance Information Technology. The proposed transaction will involve the issuance of up to 62 million new ordinary shares of Fanhua, representing 5.44% of its enlarged share capital, in exchange ... Read the full article