Reinsurance News
MGA
MGA’s, or managing general agents, are important participants in the insurance and reinsurance market landscape.
An MGA, or Managing General Agent, is often thought of as a specialist type of insurance intermediary, acting as an agent of an insurer, but having broader authority than a typical agent or broker. MGA’s undertake functions including underwriting, binding coverage, and even claims management, on behalf of an insurer or reinsurance capital provider. They tend to bridge the gap between insurers and specialised markets, often focusing on niche or complex lines of insurance and reinsurance underwriting business.
Read all our MGA focused insurance and reinsurance news below.
Simon Global Insurance Group establishes Lloyd’s Coverholder MGA, Specialty X Global
30th March 2026
Newly established managing general agent (MGA), SXG Underwriting Limited (Specialty X Global), has been launched by Simon Global Insurance Group, while being approved as a Lloyd's coverholder. Specialty X Global is based in Hong Kong, and as an approved Lloyd's coverholder, has the authority to underwrite specialty risks on behalf of ... Read the full article
Amiga Specialty partners with AXA XL to bolster Financial Institutions offering
24th March 2026
Amiga Specialty, a specialist managing general agent (MGA), has secured a significant capacity agreement with AXA XL, which will bolster its Financial Institutions (FI) proposition and accelerate its growth across international markets. The deal focuses on providing coverage for core FI risks, including directors and officers (D&O) liability, professional liability, and ... Read the full article
Chaucer and Ceto partner to launch new marine MGA
24th March 2026
Global specialty re/insurance group Chaucer, and Ceto AI, a technology company specialising in predictive analytics for the maritime industry, have launched a new marine managing general agent (MGA), operating as a Lloyd’s coverholder. Under the agreement, Ceto is authorised to bind marine hull on behalf of Chaucer’s Lloyd’s syndicate, with additional ... Read the full article
Amiga Specialty launches in Hong Kong
17th March 2026
Amiga Specialty, an independent international Managing General Agent (MGA), has commenced trading in Hong Kong after successfully securing a licence from the Hong Kong Insurance Authority. Under the leadership of Ralph Sherbahn, Managing Director of Financial Lines (APAC), the Hong Kong hub will serve as the foundation for Amiga’s regional ambitions, ... Read the full article
MGA market share gains accelerate to ~7% in 2025: BMO Capital Markets
16th March 2026
The MGA space accelerated its P&C market share in 2025 to approximately 7%, with the overall MGA market growing 19% to ~$94 billion—a modest deceleration from the 21% growth reported in 2024, according to analysts at BMO Capital Markets. Analysts noted that the deceleration was more pronounced when excluding crop insurance, ... Read the full article
New MGA Elitium enters market with focus on manufacturing businesses & unoccupied properties
6th March 2026
New managing general agent Elitium, incubated by Mission, has launched to provide commercial combined insurance for select trades within the manufacturing sector, and property cover for well-maintained unoccupied residential and commercial properties. Elitium employs a strategy rooted in traditional, expert-led underwriting, the firm explains. This approach relies on genuine communication, expertise, ... Read the full article
SiriusPoint leaning hard into A&H and its MGA ecosystem: CEO Egan
3rd March 2026
Following SiriusPoint’s strong set of results for the full year 2025, CEO Scott Egan discussed what he believes matters most beneath the headline numbers, how he is approaching growth and capital allocation, and why the re/insurer is leaning hard into Accident & Health (A&H) and its MGA ecosystem. SiriusPoint recently ... Read the full article
Delos and ROAR partner to deliver comprehensive disaster risk exposure strategy
2nd March 2026
Delos Insurance Solutions, a property insurance managing general agent (MGA), and ROAR Partners, an investment advisory firm focused on pre-disaster risk exposure mitigation, have entered into a strategic collaboration designed to offer a complete disaster risk exposure strategy for wildfire-prone regions throughout California and the United States. The joint initiative will ... Read the full article
Gen AI could unlock $50-$70bn in insurance revenue, estimates McKinsey & Company
27th February 2026
McKinsey & Company, a management consulting firm, argues that artificial intelligence (AI) represents one of the most significant opportunities for value creation within the insurance industry. In its analysis, McKinsey & Company maintains that the sector’s structural characteristics, including fragmented workflows and extensive repositories of structured and unstructured data, position it ... Read the full article
Delos Insurance Solutions strengthens leadership team amid expansion plans
25th February 2026
Delos Insurance Solutions, a property insurance managing general agent, has made a series of senior leadership changes as it prepares for its next phase of expansion. The company specialises in home insurance solutions, particularly in markets where many traditional carriers have reduced or withdrawn coverage. By combining proprietary wildfire science with ... Read the full article
Bishop Street extends Kalepa partnership to support its London-based MGAs
25th February 2026
Bishop Street Underwriters has expanded its partnership with Kalepa, a specialist in AI-powered underwriting solutions, to support its London-based managing general agents (MGAs), Avid Insurance Services and Landmark Underwriting. Both companies initially partnered in 2024 with the aim of enhancing the insurance platform’s underwriting quality and execution across its MGA operations. Building ... Read the full article
Vistria to capitalise growth in specialty MGA market with Lumen acquisition
23rd February 2026
Lumen Holdings, LLC, a technology-enabled managing general agent (MGA) headquartered in Dallas, Texas, has been acquired by the Vistria Group, LP, a middle market private investment firm. The transaction positions Lumen as a new platform investment within Vistria's Financial Services strategy. This move, Vistria noted, reflects the culmination of several years of ... Read the full article
Reinsurance brokers have to be more multifaceted, says Howden Re’s Flandro
23rd February 2026
In a cycle marked by intense competition and abundant capacity, a “multifaceted” approach is needed from re/insurance brokers in order to meet the needs of modern global buyers, David Flandro, Managing Director, Howden Re’s Head of Industry Analysis and Strategic Advisory, argued in a recent video interview ... Read the full article
Newly launched Pinion hires Fortegra’s Kyle Selvig as US CUO
19th February 2026
Pinion Insurance, a newly formed specialty insurance carrier, has announced the appointment of Kyle Selvig as US Chief Underwriting Officer (CUO), effective immediately. In this commercial role, Selvig will be responsible for building Pinion’s US Managing General Agent (MGA) network, leveraging the company’s proprietary technology to provide distribution partners with in-depth ... Read the full article
Pinion Insurance launches with up to $180m backing from Barings
18th February 2026
Pinion Insurance, a newly formed specialty insurance carrier incorporated in Bermuda and headquartered in London, has officially launched with a preferred equity commitment of up to $180 million from global asset manager, Barings. The new insurer is built on the foundations of Pinion Risk Consulting (PRC), an established data and analytics ... Read the full article
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