Managing general agents (MGAs)
Gallagher’s Michael Rea given expanded UK CEO role
Gallagher has promoted Michael Rea to CEO of UK broking and underwriting, subject to regulatory approval.
UK property MGA to launch in January 2024
Real estate managing general agent Ventis is set to launch in January with capacity from Accelerant and the support of Mission Underwriters.
Inperio takes two PI underwriters from Liberty
Inperio has hired professional indemnity experts Sam Goodier and Kras Eneva from Liberty Specialty Markets, Insurance Age can reveal.
GIC buys out Cinven’s shareholding in Miller
Cinven, the international private equity firm, has reached an agreement for GIC to acquire its shares in insurance broker Miller.
Review of the Year 2023: OneAdvent’s Tim Quayle
Tim Quayle, CEO of OneAdvent, admits relief that the hype around blockchain has rescinded and wonders if it is time for Lloyd’s to turn its iconic building into a shared office space for the market…. with beer on tap.
Review of the Year 2023: Iprism’s Ian Lloyd
Ian Lloyd, CEO of Iprism, reflects on a major M&A deal he did not see coming, and how he could turn childhood promise in shooting/archery into an Olympic podium finish in 2024.
Wakam hires execs from Accelerant and Great Lakes after PRA authorisation
Wakam has filled out its UK leadership team after being granted full branch authorisation by the Prudential Regulation Authority.
Meet the MGA: Onda
Launched into the UK in October, chief underwriting officer Alex Jomaa explains why managing general agent Onda is on a mission to simplify and demystify cyber insurance for both brokers and customers alike.
Review of the Year 2023: Acrisure’s Mark McIlquham
In the first of our ‘Review’ series Mark McIlquham, president of Acrisure UK Retail, reflects on whether the 15-year cycle will see a large insurer buy a large broker, and how he’d recast the Barbie film with senior figures from its ‘network dream team’
Rokstone launches contingency portfolio
Managing general agent Rokstone is launching a contingency portfolio promising a same-day quote turnaround for brokers.
Prestige teams with Open GI on Coverall update
Prestige Underwriting has partnered with Open GI to launch a refreshed version of its non-standard home proposition, Coverall.
Walsh and Newman to exit after Lloyd’s misconduct investigation into CFC
CFC group CEO David Walsh and Graeme Newman, CEO of CFC Underwriting, will leave in 2024, the provider has confirmed following the completion of an investigation by Lloyd’s into allegations of non-financial misconduct at the company.
Bspoke signs up to buy Police & Forces Mutual personal lines books from Royal London
Bspoke Insurance Group has struck a deal to buy the personal lines elements of the Police & Forces Mutual businesses – Police Mutual Healthcare and Police Mutual General Insurance – from The Royal London Mutual Insurance Society.
Tesco enters non-standard home with Prestige partnership
Tesco Bank has moved to offer non-standard home insurance to customers via a partnership with Prestige Underwriting.
Markel’s State National to bring capacity to UK MGAs in 2024
Markel Group’s State National Companies will be entering the UK on 1 January 2024 with capacity for managing general agents, focusing on specialty commercial lines in a move designed to support an “underserved” market.
Product recall MGA to target regional brokers with new division
Specialist product recall insurance managing general agent BluNiche has unveiled a Birmingham-based offshoot to target regional brokers and their SME clients.
MGA Moveda goes live to broker market
Moveda Underwriting, a managing general agent set up by the Movo Partnership in May, has gone live to the independent broking sector with capacity from AmTrust and Irwell.
Parametric climate risk insurer Arbol launches UK MGA
US-based parametric climate risk specialist Arbol has expanded internationally by launching a new, London-based managing general agent.
Markerstudy prioritising certain business lines but denies capacity squeeze
Markerstudy has admitted prioritising certain business lines over others in the present hard market, as it denied experiencing a “capacity squeeze”.
Source adds Prestige Underwriting to home panel as it rolls out first own product
Source Insurance has unveiled Source Home, the first home insurance product it has created, and confirmed that Prestige Underwriting has joined its panel as the inaugural underwriter of the new common worded offering.
Arch takes team from Aon to launch intangible assets offering
Arch Insurance International has taken a team from Aon after an agreement to acquire some assets of its intellectual property liability managing general agent business.
Travelers snaps up cyber specialist for $435m
Travelers has agreed to acquire cyber insurance managing general underwriter Corvus Insurance for approximately $435m (£351m).
MGA Fiducia launches marine equipment product
Specialty managing general agent Fiducia is targeting both the ‘green’ and traditional energy markets with a new marine equipment underwriting facility.
Movo Partnership hits £100m GWP ahead of target
Movo Partnership network has hit its £100m gross written premium target months earlier than originally planned.