Managing general agents (MGAs)
MGA Optio expands marine offering with UK deal
Optio Group has bought London-based managing general agent Gardian Marine for an undisclosed sum, subject to regulatory approval.
Granite moving onto broker software houses
Niche and non-standard motor specialist Granite Underwriting will be rolling out products on at least one software house this year, managing director Alistair Rose told Insurance Age.
Meet the MGA: Kovrilo co-founder and commercial director Sonia Habib
Kovrilo co-founder Sonia Habib speaks to Jonathan Swift about how its use of technology, adherence to claims excellence and a pick n’ mix modular approach means the start-up MGA is much more than just another commercial combined player.
rrelentless targets SMEs and mid-market with management liability launch
Managing general agent rrelentless has strengthened its financial lines proposition with the launch of a management liability product as it seeks to be ‘a go-to market for brokers’.
Interview: TBIG CEO Chris Haggart on unlocking the ambition
“The strategy is not being ripped up and rewritten,” TBIG CEO Chris Haggart tells Insurance Age, as with the “foundations laid” it’s about executing at scale to unlock the ambition.
Dual UK enters credit risk insurance market
Dual UK has rolled out long-term credit risk insurance with an AA- rated policy it claimed can support cross-border trade.
Amiga Specialty adds more financial institutions capacity
Managing general agent Amiga Specialty has added capacity from Axa XL to its financial institutions arm.
ANV buys Blink Intermediary Solutions owner
Recently formed ANV Group, owner of Arc Legal, Collegiate, Qualis and Abacus, has signed up to buy Blink Intermediary Solutions owner Iris Insurance Brokers.
Sodalis buys MGA Amiga Specialty
Sodalis Capital, the recently created investment venture focused on international insurance intermediaries, has snapped up managing general agent Amiga Specialty in a £1.8m deal that sees private equity house BP Marsh exit but keep a stake in the new…
Watch brokers discuss whether MGAs are outmanoeuvring insurers in commercial combined
Commercial combined remains one of the most complex and relationship-driven areas of the insurance market, yet brokers increasingly report frustration when placing non-standard or emerging risks.
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.
Axa partners with regional broker focused MGA
Axa UK Commercial has partnered with Unicorn, a managing general agent providing underwriting services to SMEs.
MGA Lumara adds Draper to lead Midlands offering
Managing general agent Lumara Insurance has appointed Matt Draper as lead underwriter for the Midlands, responsible for the managing general agent’s broker panel in the region.
Polaris MD Banga on growth with MGAs, AI and initiatives to expand digital trading
“There had been this perception that imarket is only for insurers. It’s great to see four MGAs now actively trading on it,” Polaris managing director Vivek Banga has told Insurance Age.
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.