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.
The Fidelis Partnership’s Pine Walk launches new casualty MGA Sevanta
24th March 2025
The Fidelis Partnership's (TFP) wholly-owned subsidiary, Pine Walk Capital Limited, has launched Sevanta Specialty Liability Limited (Sevanta), a new international casualty MGA. Sevanta will specialise in niche international specialty liability, writing business globally on both a primary and excess basis. This marks Pine Walk’s first casualty MGA and aligns with TFP’s strategy ... Read the full article
Volt Underwriting appoints Chris Haines to lead Ports, Terminals, and Logistics expansion
18th March 2025
Volt Underwriting, a newly established Managing General Agent (MGA) focused on providing support to clients involved in the energy transition sector, has announced the appointment of Chris Haines to lead its expansion into the Ports, Terminals, and Logistics space. Haines, a seasoned expert with over 12 years of experience in underwriting ... Read the full article
Amwins launches Public Entity Excess Casualty Program
17th March 2025
Amwins Specialty Casualty Solutions (ASCS), a managing general agency (MGA) and specialty insurance program creator, has expanded its offerings with the launch of the Public Entity Excess Casualty Program. This program was designed to deliver innovative insurance solutions, combined with deep expertise and flexible coverage to meet the unique demands of ... Read the full article
Global insurance M&A hits 16-year low, rebound expected in 2025: Clyde & Co
12th March 2025
In 2024, global insurance carrier M&A dropped to a 16-year low, with high interest rates, geopolitical instability, and increased regulatory oversight reducing carriers' appetite for deals, according to Clyde & Co’s annual Insurance Growth Report. Only 204 transactions were completed in 2024, a sharp decline from 346 the previous year, marking ... Read the full article
PIB Group expands MGA division with acquisition of Litica
10th March 2025
PIB Group, a specialist insurance intermediary, has expanded its MGA division with the acquisition of Litica, a litigation insurance provider. Founded in 2019 by Stephen Bolster and Steve Ruffle, MGA Litica specialises in a range of insurance-backed solutions for private and corporate clients involved in litigation or arbitration. Originally established in London, ... Read the full article
Rokstone launches direct-to-retail E&S commercial risks division
24th February 2025
Rokstone, an international specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has launched Rokstone Commercial Risks, a direct-to-retail Excess & Surplus Lines (E&S) MGA in the US. John Larkins will lead this division as President. He brings over 25 years of industry experience, having previously worked at ... Read the full article
DUAL Group unifies global underwriting operations under one brand
18th February 2025
DUAL Group has announced it is unifying its global underwriting operations under one brand, as it “aims to enhance the experience for all of its partners and clients and simplify access to expanding capabilities across a broad range of products and services.” DUAL Oliva, DUAL Aqua, DUAL Asset, DUAL Galileo and ... Read the full article
Origin Specialty Underwriters launches captive division
14th February 2025
Managing General Agent (MGA) Origin Specialty, a specialist in restaurant, hospitality, and construction industries and partner company of Beyond Risk, has announced the formation of Origin Captive Solutions. Led by Daniel Rossen as Managing Director, the new division has been created to bring captive solutions to middle market companies by offering ... Read the full article
Optio Group appoints Gary Head as Chief Underwriting Officer
11th February 2025
Optio Group, a specialty MGA, has appointed Gary Head as Chief Underwriting Officer, effective immediately. Head joins from AXA, where he led the Schemes & Delegated Authority, Financial Lines, and Specialty teams after joining in early 2020. Before that, he spent 22 years at Hiscox, holding various senior roles, including six years ... Read the full article
MGAA plans to enhance advocacy and support for MGA sector in 2025
11th February 2025
The Managing General Agents’ Association (MGAA) has announced its strategic vision and mission for 2025, aiming to strengthen its role as an advocate for the MGA sector while enhancing knowledge-sharing, networking, education, and data-driven insights. With more than 430 members, the MGAA’s full members collectively represent over £15.1 billion in underwriting ... Read the full article
MGA Onda welcomes Stuart McMillan to UK sales team
5th February 2025
Cyber managing general agent (MGA) Onda has announced the addition of Stuart McMillan to its UK sales team as Distribution Director. McMillan brings a wealth of experience in international markets and a deep understanding of cyber insurance products to the role. The executive joins Onda from Coalition, where he most recently served ... Read the full article
Jack Harding named Next Gen Committee Chair of the MGAA
30th January 2025
The Managing General Agents’ Association (MGAA) has announced the appointment of its new Next Gen Committee Chair: Jack Harding, Senior Underwriter at Miramar Underwriting Limited. Harding is succeeding Kajal Pankhania, Director at MGA incubator DA Strategy, and will be in charge of leading the Committee in its mission to engage, represent, ... Read the full article
NARDAC expands SCS coverage for US renewable energy projects
29th January 2025
NARDAC, an energy and infrastructure broker and Managing General Agent (MGA), has launched a new facility to provide additional severe convective storm (SCS) coverage for renewable energy projects in development and operation. The facility will offer up to $20 million in standalone SCS coverage for US projects, marking the first of ... Read the full article
Vikco Builder’s Risk introduces MGA programme for construction industry insurance
27th January 2025
Vikco Builder’s Risk, a division of Vikco Insurance Services and supported by K2 Insurance Services, has officially introduced its Managing General Agent (MGA) programme focused on providing excess and surplus lines Builder’s Risk Insurance. This programme combines extensive underwriting expertise and strategic partnerships to offer customised insurance solutions tailored to the ... Read the full article
Vouch launches new MGA Corix
20th January 2025
Insurance provider Vouch has launched Corix, its new managing general agent brand that aims to empower brokers with tailored insurance products. Collaborating with leading brokers, Corix offers specialised insurance solutions tailored to the unique and changing demands of businesses in technology, life sciences, advanced manufacturing, and consulting & tech services. "Corix is ... Read the full article
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