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.
Pinpoint UK a long-term play for AM Specialty Insurance Company: Barder and Powell
24th July 2025
For the latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC) and Darren Powell, CUO of Pinpoint UK, to hear their plans for the new MGA and how progress has been so far as the E&S carrier ... Read the full article
U.S. MGA premiums grow 16% in ‘24 driven by migrating talent, AI adoption & other factors: Conning
11th July 2025
The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty market, with direct premiums written rising 16% year-over-year to an estimated $114.1 billion, a recent Conning study has revealed. Conning's latest strategic study, "Managing General Agents: Built for What's Next," highlights several market dynamics that have benefited the ... Read the full article
Global MGA/MGU sector surges to $29.25bn in 2024, Insuramore reports
10th July 2025
Insuramore, a provider of market intelligence for the insurance industry, has released its latest findings on the size and structure of the global managing general agent (MGA), managing general underwriter (MGU), and coverholder market. According to Insuramore’s research, total worldwide revenues earned by these groups reached an estimated USD 29.25 billion ... Read the full article
Ripe year-on-year revenue grows to £20.6m as expansion continues
1st July 2025
Ripe, a UK digital managing general agent (MGA), has achieved 16% year-on-year revenue growth, with turnover increasing to £20.6 million in the 12 months ending 31 December 2024, up from £17.8 million in 2023. This growth marks the company’s 17th consecutive year of double-digit revenue rises. Throughout the year, the MGA ... Read the full article
Neptune appointed as Palomar’s exclusive MGA for flood insurance
27th June 2025
Specialty property insurer Palomar Holdings, Inc. has announced a strategic partnership with Neptune Flood, a private flood insurance provider, to accelerate growth in the US flood insurance market. As part of the collaboration, Neptune will become Palomar’s exclusive managing general agent (MGA) for flood insurance. Palomar will gain access to Neptune’s AI-powered ... Read the full article
European MGA market growth is outpacing US and global benchmarks: Howden Re
11th June 2025
In a new report, Howden Re reveals that the European Managing General Agent (MGA) ecosystem is growing at a five-year compound annual growth rate (CAGR) of approximately 23%, outpacing both US and global benchmarks. There are over 650 MGAs across Europe with approximately €18 billion in gross written premiums in 2024 ... Read the full article
MGAs’ premiums increased 15% to $89.9bn in 2024: AM Best
5th June 2025
Premiums generated through managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) reached $89.9 billion in 2024, a 15% year-over-year increase and the fourth consecutive year of double-digit growth, according to a recent AM Best report. The report noted that the number of MGAs producing $500 million or more ... Read the full article
Optio Group launches enhanced political violence and terrorism coverage
2nd June 2025
Optio Group (Optio), an independent specialty managing general agent (MGA), has announced the successful rollout of its new political violence and terrorism (PVT) binders. The product offers a coverage limit of USD 150 million, designed to safeguard businesses and organisations against a wide range of physical and financial risks. An optional ... Read the full article
Arden surpasses $300m of in-force premium
30th May 2025
Arden Insurance Services, a tech-enabled managing general agency (MGA), has surpassed $300 million of in-force premium since its founding in June 2016. This major milestone means Arden now insures over $175 billion of total insured value. The MGA attributes its rapid growth to a distinctive strategy that combines dynamic risk selection, proprietary ... Read the full article
Rokstone launches International Casualty Division, names Wylie Portfolio Manager
29th May 2025
Rokstone, the international specialty re/insurance MGA and part of the Aventum Group, is strengthening its global specialty offering with the launch of its International Casualty Division. Sam Wylie has been appointed Portfolio Manager of the new division, a UK-based role, and will be joining the company upon completing his notice period. Wylie ... Read the full article
Sproutr secures Altai Ventures-led seed funding to fuel growth
21st May 2025
Sproutr, a boutique insurance product design and build firm, has raised an undisclosed amount in seed funding that will be used to accelerate the execution of its technology roadmap and scale its growing team. The seed round was led by Altai Ventures, a venture capital firm that concentrates on the fintech ... Read the full article
The Clear Group MGA Division rebrands to Shape Underwriting
8th May 2025
The Clear Group MGA Division has unveiled its rebranding, stating that starting from 1st May 2025, both Profile Underwriting and One Commercial Specialty will trade as Shape Underwriting. This strategic decision marks the first stage of Clear’s plan to consolidate its MGA operations under a single brand. With this move the ... Read the full article
GI Partners, industry veterans Emmons & Hanuschak launch tech-driven MGA platform
6th May 2025
Private investment firm GI Partners, in collaboration with insurance industry veterans Brad Emmons and Brian Hanuschak, has launched a new tech-enabled Managing General Agency (MGA) platform that will focus on acquiring and growing a diversified portfolio of MGAs across numerous lines. The new platform's strategy centres on "underwriting excellence, technology-driven operations, ... Read the full article
Optio completes acquisition of Norwegian MGA S Insurance
17th April 2025
Having received all necessary regulatory approvals, independent specialty MGA Optio Group has completed the acquisition of Norwegian-based MGA S Insurance AS (S Insurance). This transaction, previously announced in March 2025, is a further strategically significant step for Optio in creating a diversified buy-and-build platform through the acquisition of high-quality, niche ... Read the full article
Specialty MGAs Nirvana and Pulse to merge
3rd April 2025
Specialty Managing General Agents (MGAs) Nirvana and Pulse have announced plans to merge. Pulse specialises in non-standard Accident, Health, and Life insurance, offering coverage to individuals often declined by mainstream insurers. Nirvana underwrites a global portfolio across Media Errors & Omissions (E&O), Tech E&O, Cyber, and Warranty & Indemnity insurance and is ... Read the full article
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