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.
Addy and Conroy to lead ANV’s newly launched US Transactional Risk Insurance program
18th June 2024
Barcelona-headquartered specialty risks managing general agent (MGA) ANV Global Services, Inc. has launched its Transactional Risk Insurance (TRI) program in the United States. Colin Addy and Greg Conroy will lead the program as Co-Heads of ANV US TRI. ANV’s US TRI will initially underwrite Representations and Warranties Insurance (RWI) on behalf of ... Read the full article
Scott Sykes to lead Amphitrite’s newly launched cargo division
18th June 2024
Amphitrite Underwriting London, a marine specialist managing general agent (MGA), has announced the appointment of Scott Sykes as Head of its newly formed Cargo Division, which has recently secured capacity from Lloyd’s. Sykes, who has over 35 years of experience in Lloyd’s and international markets. He spent the last 14 years ... Read the full article
Rokstone hires Amato to launch Global Sports Personal Accident portfolio
17th June 2024
Speciality re/insurance MGA Rokstone, which is part of the Aventum Group, has hired 35-year underwriting veteran Graham Amato to launch a new Global Sports Personal Accident portfolio. Launching with A-rated capacity, Rokstone is set to deliver tailored, Lloyd’s-approved wordings for a wide variety of sports including motorsport, golf, tennis, football, as ... 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
AM Specialty Insurance Group acquires Pinpoint Insurance Solutions
13th June 2024
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, has announced the acquisition of Pinpoint Insurance Solutions, a national programme administrator, managing general agency (MGA), and surplus lines brokerage. Brad J. Sickinger, President of Pinpoint US, said: "We are thrilled to join AM Specialty ... 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
Lloyd’s approves Devonshire Underwriting to write business in Europe
11th June 2024
Devonshire UW Limited, and its affiliate Devonshire UW Europe GmbH, together known as Devonshire Underwriting, has received Lloyd’s approval to launch into the European Market. Devonshire Underwriting, a managing general agent (MGA) specialising in underwriting transactional risk (TR) solutions, is now able to write business in Europe, serving the market that ... Read the full article
MGA Nirvana renews MTC binding authority
6th June 2024
Specialty managing general agent (MGA) Nirvana has announced the renewal of its Media/Technology Errors & Omissions and Cyber (MTC) binding authority with an increased £10mn Media Liability line. It has also expanded authority in Technology and Cyber lines, including new coverage for the financial software industry. Additionally, Nirvana MTC has expanded SCOR’s ... Read the full article
Pen Underwriting expands into Ireland with Wrightway Underwriting acquisition
6th June 2024
Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has acquired Wrightway Underwriting Limited, a Republic of Ireland-based MGA that specialises in transportation and haulage, for an undisclosed sum. Based in Wexford, Wrightway is a managing general agent (MGA) providing motor and liability coverages for the haulage and fleet sector across ... Read the full article
SRG’s MX enhances capacity through Accredited Insurance Limited partnership
5th June 2024
Specialist Risk Group's managing general agent (MGA), MX, has recently secured a new capacity agreement with Accredited Insurance (Europe) Limited (AIEL), which significantly boosts MX's capacity in the UK and Ireland. Established in 2021, MX's new capacity model ensures stability and adaptability for its operations. This enhancement empowers MX to pursue ... Read the full article
Alta Signa expands into Swiss market with new office
5th June 2024
Alta Signa Europe B.V., the European boutique managing general agent (MGA), is expanding its presence in the DACH region by opening a new office in Switzerland. This new office will have access to high-quality insurance options from trusted partners in Alta Signa’s network, ensuring reliable coverage for clients. Located in Cham, Zug, ... Read the full article
MGA Crux launches with DA Strategy support
5th June 2024
Crux Risk Services, a Managing General Agent (MGA) focused on delegated authority underwriting in the Terrorism insurance sector, has been approved by Lloyd’s as a Coverholder. With support by MGA accelerator DA Strategy, Crux was co-founded by Graham Elliott (CEO), formerly of Azur Underwriting, Mike O’Connor (CUO), Rob Dimsey (non-Exec Chairman) ... Read the full article
Celeste Newson and Keeley Patten join Kova Professions
4th June 2024
Kova Professions (Kova), a managing general agent (MGA) specialising in Professional Indemnity (PI) insurance, has announced the senior appointments of Celeste Newson as Head of Professional Indemnity and Keeley Patten as Senior Underwriter. Kova is a newly established UK MGA led by CEO Kate Albert, offering PI insurance solutions to mid-market ... Read the full article
John Symms joins White Bear MGA and Blenheim Underwriting
3rd June 2024
White Bear Group, a re/insurance company that owns Blenheim Underwriting, a syndicate at Lloyd’s of London, and White Bear Managers, an managing general agent (MGA) offering tailored insurance solutions, has appointed John Symms as Group Head of Capital Solutions. In this new position, Symms will be responsible for securing and enhancing ... Read the full article
Casper Specialty UK appoints Jacob Blomfield as Head of Operations
3rd June 2024
Casper Specialty UK Limited (Casper), a specialist casualty-focused managing general agent (MGA), has announced the appointment of Jacob Blomfield as Head of Operations. In his new role, Blomfield will be responsible for enhancing Casper’s operational infrastructure, with a focus on improving how the company captures, stores, and uses data. Simon Sykes, Chief ... Read the full article
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