Managing general agents (MGAs)
Allianz transfers 12 strong team after agreeing MGA deal
Allianz Commercial has entered into a strategic agreement with MGA Reel Media, a wholly owned subsidiary of Paragon Insurance Holdings, to create a new partnership in the global entertainment insurance market.
Bermuda insurer invests in MGA consolidator
The owner of UK MGAs Avid and Landmark, Bishop Street Underwriters, has announced that it has completed a strategic structured capital investment of $125m (£93m) by White Mountains Insurance Group.
Axa’s door “fully open” to new DA and schemes business – Markham
Joel Markham, Axa Commercial’s director of schemes, delegated authorities, financial lines and speciality, has outlined its pipeline in DA business remains strong; whilst noting its investment in technology means it is more “nimble” and less frictional…
Bspoke secures £250m capacity deal with Accelerant
Bspoke Underwriting, the UK personal lines MGA, has secured a five-year capacity deal via the Accelerant Risk Exchange providing £50m of capacity annually.
Ex-senior Dual duo launch new specialist manufacturing MGA
Accelerant-backed managing general agent incubator Mission has hit double figures for UK/EU start-ups with the launch of Elitium today.
Prestige to become AUB’s primary UK retail brand
AUB Group has outlined its UK broking plans and signalled further M&A is on the cards, having signed up to buy 95.9% of Prestige Insurance Holdings for A$432m (£219m) last month.
Interview: Accelerant boss Radke on seeking broker input to help sector unlock value
“We would love an opportunity to start a dialogue with a number of UK brokers,” Accelerant Risk Exchange CEO Jeff Radke has told Insurance Age stressing the platform is not just looking towards “big, giant” brokers.
MGA launches commercial HGV motor breakdown policy
Add-on insurance specialist Alps has launched a commercial HGV motor breakdown policy designed to provide nationwide rapid roadside and base assistance to HGV vehicles above 7.5 tonnes.
Asset management giant Barings commits up to $180m for new MGA-backing insurer
Barings has committed up to $180m (£132.7m) for the launch of Pinion Insurance which will offer capacity to managing general agents in the UK, US and Europe.
MGAA relaunches enhanced core training for members
The Managing General Agents’ Association has relaunched an enhanced core content programme of learning and insights.
Flock CEO Klinger outlines broker growth plan after Admiral deal
Flock CEO Ed Leon Klinger has outlined that it is keen to grow its broker base following its acquisition by the Admiral Group.
Euna launches care sector recruitment scheme
Specialist managing general agent Euna has launched a new care sector recruitment insurance scheme.
MGA launches pharmaceutical recall cover
BluNiche, the specialist product recall managing general agent, has expanded its portfolio to provide dedicated coverage for the pharmaceutical sector.
Interview: Allianz’s chief distribution officer Nick Hobbs
Nick Hobbs, chief distribution officer at Allianz UK, tells Insurance Age about the importance of the provider’s regional footprint now including broker hubs, the challenges of the soft market and its MGA appetite as well as the ongoing investment in…
Peach partners with Paragon on property
Niche commercial insurer Peach has partnered with insurtech managing general agent Paragon, to provide capacity for its non-standard household and residential let property products.
DCL restructures new business teams to align closer with brokers
Specialist motor MGA Direct Commercial (DCL) has restructured its operation to create two new business teams tailored to different broker propositions.
MGA Aspect becomes Insurance Museum ‘founder donor’
Managing general agent Aspect has signed up as the first Insurance Museum founder donor, committing to an annual donation over the next three years.
SME MGA outlines mission to ‘empower’ brokers as it opens for business
Kovrilo, an MGA incubated by Mission that provides bespoke, modular commercial cover for UK SMEs, has formally launched.
MGA sells D&O arm to “accelerate the development of new lines”
Managing general agent Rising Edge has confirmed the sale of its management liability business, to K2 International.
MGA CEO Taylor departs after three months to join First Underwriting
Simon Taylor has joined managing general agent First Underwriting as commercial director, after just three months as Exance CEO.
MGA confirms Hadron primary capacity deal
Elevate Specialty has today confirmed its new primary carrier capacity partnership with Hadron UK Insurance, supporting a range of specialty insurance products.