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.
Bamboo and Accredited partner on reinsurance deal for new E&S signature program
30th September 2025
Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, alongside specialty insurer Accredited, have completed the reinsurance program supporting the launch of their new E&S Signature program. This reinsurance placement involves the funding of a multi-year sidecar transaction via Greenshoots Re, which was originally established in conjunction with ... Read the full article
The Fidelis Partnership launches new Accident & Health MGA
30th September 2025
The Fidelis Partnership (TFP) has announced the launch of a new managing general agent (MGA), Corsiam Specialty Limited, which will focus on underwriting a broad portfolio of global Accident & Health (A&H) insurance and reinsurance business. Corsiam was launched through Pine Walk, TFP’s specialist MGA platform, and is backed by The ... Read the full article
The Fidelis Partnership announces new MGA, Imala Re, launches Miami office
25th September 2025
Pine Walk, a specialist managing general agent (MGA) platform and wholly owned subsidiary of The Fidelis Partnership (TFP), has announced the launch of its newest MGA, Imala Re. TFP is also opening its first North American office in Miami on October 1st. This new US location will also serve as the ... Read the full article
Tangram spins out from Heffernan and launches new MGA platform
17th September 2025
Tangram Insurance Services has completed its spin-out from Heffernan Insurance Brokers and will become the inaugural portfolio company of Balavant Insurance Group, a newly formed holding company backed by investment from SkyKnight Capital. Tangram described the separation as a pivotal step in its growth strategy within the MGA sector. The establishment of ... Read the full article
The Fidelis Partnership’s Pine Walk launches Arenite Specialty
16th September 2025
Pine Walk Capital Limited, the specialist managing general agent (MGA) platform and wholly owned subsidiary of The Fidelis Partnership (TFP), has launched a surety and credit risk insurance-focused MGA, Arenite Specialty. Arenite will initially write coverage focused on Australia, Asia Pacific and Latin America, and will be led by Teji Gobran ... Read the full article
IDEX Consulting launches M&A advisory service for brokers and MGAs
15th September 2025
IDEX Consulting has announced the launch of its new M&A advisory service specifically designed for insurance brokers and managing general agents (MGAs), aiming to address a critical gap in the underserved mergers and acquisitions (M&A) insurance sector. The solution’s innovative approach introduces a thoughtful, long-term methodology that has been designed to ... Read the full article
S&P reports MGA growth creates both opportunities and threats for reinsurers
4th September 2025
Reinsurers’ growing reliance on managing general agents (MGAs) represents both opportunity and risk, S&P Global Ratings, a provider of credit ratings and financial analysis, stated ahead of RVS 2025 in Monte Carlo. According to S&P, MGAs enable reinsurers to access specialist risks and distribution channels, but they also create vulnerabilities that ... Read the full article
Steadfast Group continues expansion US MGA Novum
4th September 2025
Steadfast Group, an Australian insurance broker, has announced the acquisition of a majority stake in Novum Underwriting Partners LLC, an US-based specialty managing general agency (MGA) and wholesale brokerage. Established in Ohio in 2019, the business is underpinned by a proprietary technology platform, Novum Online, to offer a suite of services. This ... Read the full article
Neptune Insurance files for IPO on the New York Stock Exchange
4th September 2025
Neptune Insurance Holdings Inc., the parent company of Neptune Flood Incorporated, has announced the public filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. The company intends to list its shares on the New ... Read the full article
MGA sector delivers strong growth and industry impact in 2025: MGAA
21st August 2025
The Managing General Agents’ Association (MGAA) has released its 2025 Annual Report, highlighting “a year of strong growth, innovation, and industry-wide impact across the MGA sector.” The report, which covers the period from August 2024 to July 2025, underscores the MGAA’s role as the voice for delegated underwriting in the UK ... Read the full article
Rokstone Agriculture launches equine mortality product line with new capacity
20th August 2025
Rokstone Agriculture, a MGU specialising in agriculture and livestock, part of re/insurance MGA Rokstone, has secured new capacity to launch a new equine mortality product line for the US market across 19 states. The new product has USD 1,000,000 in admitted capacity came from Professional Solutions Insurance Company (PSIC). This move is ... Read the full article
MGA Elevate Specialty launches to revolutionise embedded & specialty insurance
18th August 2025
Elevate Specialty, a new managing general agent (MGA), has officially launched, entering the UK market with a mission to transform embedded and specialty insurance. The company aims to help make protection a seamless part of customers’ lives, moving away from outdated legacy models that “often deliver poor customer experiences and stifle ... Read the full article
Majority of MGAs believe the claims process with carriers needs improvement
11th August 2025
Over three-quarters (77%) of MGAs say the claims process with carriers needs improvement, up from 59% in 2023, with 91% of carriers sharing this view, according to the MGA Opinion Report by Clyde & Co in collaboration with the MGAA. The report highlighted the complex landscape the MGA sector faces, shaped ... Read the full article
Applied Underwriters launches Innovation Risk MGA platform
28th July 2025
Applied Underwriters, a provider of insurance solutions, has announced the launch of Innovation Risk, a new managing general agent (MGA) platform focused on casualty, accident, and life underwriting operations. This new independently operated MGA platform proprietary will leverage technologies and advance risk measurement methods. It is also expected to attract top ... Read the full article
Bridgehaven expands into European MGA market with SureStone acquisition
28th July 2025
Bridgehaven Europe Holdings Limited (Bridgehaven), a UK-based hybrid insurer focused on commercial and specialty lines, has entered into an agreement to acquire SureStone Insurance DAC (SureStone), a Dublin-based insurer, for an undisclosed fee. SureStone will become Bridgehaven’s first European Subsidiary to underwrite EU risks through the rapidly evolving MGA market—expected to ... Read the full article
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