You searched for managing general agents - Page 9 of 25

Swiss Re’s Kanga Ahn joins Topsail Re as VP of Underwriting

15th July 2024

Cayman Islands-based reinsurer Topsail Re has hired industry veteran Kanga Ahn as Vice President of Underwriting. In her new role, Ahn's main responsibilities will include underwriting, marketing and account management. She holds a deep degree of expertise in the treaty reinsurance industry, having worked across the sector for nearly 20 years. She joins ... Read the full article

U.S. MGA market exceeds $102bn in premium in 2023: Conning

12th July 2024

In a new report on the matter, Conning has revealed that the total U.S. Managing General Agents (MGA) market, including business written for the account of Lloyd's syndicates, exceeded $102 billion in direct premiums written in 2023. According to the firm's report, Managing General Agents: Ahead of the Pack, in 2023, ... Read the full article

AM Best affirms Hadron’s credit ratings and upgrades Folgate’s financial strength rating

25th June 2024

AM Best has removed from under review with positive implications and upgraded the credit ratings of Folgate Insurance Company Limited, an US and international hybrid fronting carrier, and affirmed Hadron Specialty Insurance Company’s credit ratings. Folgate’s Financial Strength Rating (FSR) was upgraded to A- (Excellent) from B (Fair) and the Long-Term ... Read the full article

Munich Re appoints Jack Faure as Head of Parametric NatCat Solutions

17th June 2024

Global reinsurer Munich Re has recently appointed Jack Faure as the Head of Parametric NatCat Solutions. In this role, Faure will manage the company’s global transactional team. He will lead project teams to drive and support product development while also fostering collaboration with external partners such as data providers, calculation agents, ... Read the full article

Global trends & promising outlook for MGA & MGU revenues in 2023: Insuramore

14th June 2024

Managing General Agents (MGAs), Managing General Underwriters (MGUs), and cover-holder groups have amassed approximately USD 23.9 billion in revenues worldwide in 2023, according to a recent report by industry analysis firm Insuramore. The bulk of this revenue, ranging between 70% and 75%, stemmed from direct commercial P&C insurance, while the remaining ... Read the full article

Commercial property insurance market proving to be more stable & capitalized, says USI

12th June 2024

Following on from last year's challenging property insurance market, 2024 is proving to be a "more stable and capitalized market," according to USI Insurance Services. In their latest Commercial Property & Casualty Market Outlook Mid-Year Addendum, USI notes that the widespread double- or triple-digit rate increases that were seen in 2023 ... Read the full article

Fortegra receives approval to operate in Belgium and the EU

11th June 2024

Fortegra, a multinational specialty insurer and subsidiary of Tiptree Inc., has been granted licence to operate in Belgium and the European Union. Based in Brussels, Fortegra Belgium Insurance Company, NV will underwrite specialty lines of business. Its operation in the country offers the company access to strategic distribution channels in a continually ... Read the full article

Global insurance market facing a combination of climate, AI & regulatory challenges, GILC

23rd May 2024

A new report from Global Insurance Law Connect (GILC) showcases that natural disasters linked to climate change, cyber security, artificial intelligence (AI) and regulations related to consumer protection are the "biggest challenges" facing insurers across 2024. GILC's annual Risk Radar report is a collection of insights from law firms across 27 ... Read the full article

Growing MGA market deserves more oversight, AM Best says

22nd May 2024

Global credit ratings agency AM Best is maintaining a positive outlook on the delegated underwriting authority enterprise (DUAE) market, citing sustained global growth and momentum, as well as the market's ability to cater to underserved and emerging risks. However, while the agency's outlook on the DUAEs market segment reamins positive, Best ... Read the full article

Dubai’s DIFC continues to strengthen its re/insurance capabilities: Arif Amiri

21st May 2024

Arif Amiri, CEO of the Dubai International Financial Centre (DIFC) Authority, provides insights into the reinsurance industry. From the expanding opportunities in the MEASA region to the emergence of Managing General Agents (MGAs), Amiri explores key developments influencing the industry. “Players within the insurance value chain are experiencing a surge in ... Read the full article

Applied Systems sees record growth, expands into new markets

13th May 2024

Applied Systems has reached record commercial lines eTrading growth in the 12 months to March 2024, which has been heavily supported by accelerated take-up of its Applied Epic broker management platform and expansion into new markets. Throughout the last year the number of brokers using Applied’s cloud-based Epic broker ... Read the full article

Industry veteran Alan Quilter joins Augment Risk as Strategic Advisor

8th May 2024

Reinsurance brokerage firm Augment Risk has appointed renowned industry veteran Alan Quilter as Strategic Advisor, joining the firm's leadership team to support the company's ongoing mission to serve clients with capital efficient solutions. In the role, Quilter will heavily focus on bringing innovative new solutions to managing general agents (MGA’s), Legacy ... Read the full article

Insurance experts Myers and Conti join RYZE Claim Solutions Board

1st May 2024

RYZE Claim Solutions, a provider of claims services to insurance carriers and managing general agents, has announced the appointment of Stuart Myers and Christopher Conti, to its Board of Directors. Together, both executives - who are highly regarded experts in the insurance and investment industries - bring decades of leadership experience, ... Read the full article

Industry veteran Ginny Inscore joins Topsail Re as a Reinsurance Accountant

23rd April 2024

Cayman Islands-based reinsurer Topsail Re has hired Ginny Inscore as a Reinsurance Accountant. Overall, she brings 18 years of industry expertise working in the reinsurance field as an Assistant Vice President at Willis Re Inc., towards her new role. During her time at Willis Re, she worked in both accounting and claims, as well ... Read the full article

April 1 reinsurance renewals more favourable to buyers: Aon

28th March 2024

The April 1st, 2024, reinsurance renewals were "more predictable and generally favorable to reinsurance buyers," with pricing broadly flat for property catastrophe reinsurance, according to insurance and reinsurance broker Aon. Aon's latest Reinsurance Market Dynamics report, scheduled to be released on April 2nd, reveals that market conditions since 1/1 2024 have ... Read the full article