Managing general agents (MGAs)
Aventum CEO calls out “questionable” rates
David Bearman, CEO of Aventum Group, has warned managing general agents that capacity providers may “wake up” after “questionable” rating action in certain lines.
Specialist MGA snapped up by alternative investment manager
Arrow Global Insurance has acquired managing general agent Fusion Specialty Group.
MGA veteran Bennett teams up with Mission to launch Amulet Specialty
MGA incubator Mission has launched its 11th UK MGA with Amulet Specialty, which aims to offer a broad range of property cover, as well as casualty, liability and business interruption.
FCA head of insurance surprised by consumer AI buying appetite
Andrew Ruddle, head of insurance market analysis and policy at the Financial Conduct Authority, has expressed surprise at the result of The Mills Review released this month as he also looks to increase cyber insurance take up.
Lumara looks to Covéa again for London and South underwriting leader
Business and motor trade combined insurance specialist Lumara has added Jason Hartard as motor trade development underwriter joining from Covéa.
MGAs urged to “specialise relentlessly” – McGill and Partners’ Lloyd
John Lloyd, chairman of McGill and Partners, has called on managing general agents to “specialise relentlessly” during the soft market.
Addept rolls out legal expenses for caravan and leisure home owners
Addept Insurance Services has launched ‘Pitch+’, a dedicated caravan and leisure home owners’ legal protection solution.
Ex-DLG/Aviva boss Winslow to replace O’Shea as CFC CEO
Specialist insurer CFC has today announced Adam Winslow as its new group chief executive officer.
Global consolidator completes deal for UK distribution platform
ANV, a global insurance intermediary platform, has completed the acquisition of Iris Insurance Brokers, the London-headquartered specialty insurance distributor.
MGA adds HSB underwritten cyber and electrical breakdown cover
MGA Kovrilo has introduced cyber and electrical breakdown cover underwritten by specialist engineering and technology insurer HSB.
DCL survey pinpoints claims service in commercial motor as ‘key battleground’
More than two-thirds of commercial motor brokers say claims handling quality and risk management support decide where they place fleet business when premiums are broadly comparable, according to research by Direct Commercial Limited.
Allianz backs Movo AR motor MGA launch Slick Cover
Allianz has launched a “digital-first” car insurance managing general agent Slick Cover, an appointed representative of Movo Partnership.
MGA launches into specialist home market with Aviva hires
Specialist MGA Euna has launched a personal lines proposition with the introduction of Specialist Home, a non-standard residential and contract works product.
Bpsoke’s Smyth named MGAA chairman as Manchester steps down
Tim Smyth, deputy chair of Bspoke Insurance Group, is set to take on the chairman role at the Managing General Agents’ Association as Charles Manchester steps down after a decade.
DA underwriter seals new PE investor after trebling business since 2023
Delegated underwriting authority specialist Carbon Underwriting has signed an agreement for “a significant growth equity investment” from FTV Capital, the global sector-focused growth equity firm.
Talent attraction and retention number one broker priority
Forty per cent of brokers ranked talent attraction and retention as their number one priority according to a survey by Mission.
New MGA to target photographers and musicians
MGA incubator OneAdvent has launched high-value asset MGA, Collective, which provides tailored insurance products to photographers and musicians.
Moorhouse founder Lyndon Wood returns to insurance market after five-year hiatus
Insurance industry veteran Lyndon Wood and his wife Raghad Wood have launched broking and managing general agent offering Ragado.
Aviva building MGA hybrid fronting proposition
Aviva has confirmed that it is developing a managing general agent hybrid fronting proposition within UKGI global corporate and specialty.
Broker boss concerned about MGAs priortising profit commission over claims
Concerns have been raised that some managing general agents might choose to protect profit commission over paying or even discussing ‘grey area’ claims in the present soft market.
Yutree taking off into the future with technology focus, says MD Hancock
Yutree managing director Laura Hancock has outlined how the firm is stepping up its focus on technology as she aims for it to be a “credible, well-known, independent business in East Anglia and beyond”.
Yutree to launch commercial combined product in partnership with Peach
Yutree Underwriting is set to unveil a commercial combined product with capacity from niche commercial insurer Peach, managing director Laura Hancock has told Insurance Age.
Zurich succeeds Accelerant in five-year £300m Jensten Underwriting capacity deal
Jensten Underwriting has signed a five-year deal for Zurich UK to become its ‘cornerstone capacity’ covering over £300m across property, casualty and motor.
NBS expands PI placements to £10m as AmTrust provides capacity
NBS Underwriting has extended its professional indemnity capacity with a partnership with AmTrust Specialty providing an additional £5m excess layer, to streamline placement processes.