Managing general agents (MGAs)
Former LV man leaves to set up Birmingham MGA
Mark Hands, former head of trading (North) at the insurer has set up Mercia Underwriting which is due to begin trading on 1 January with capacity arranged through Lloyd’s by Circle Insurance Services.
Midas takes on Direct Group’s commercial business
Midas, part of Ardonagh Group, will take over Direct’s specialist business as it looks to grow GWP to £100m.
Preservation Capital Partners invests in Ascent Underwriting
Private equity firm to provide capital for growth plans including acquisitions.
Touchstone teams with BNP Paribas for insurance premium funding
MGA, part of the Seventeen Group, to roll out the offering at Broker Expo.
Broking break: Your Top Five
This week's most read stories include two broker deals, a scheme launch, one new broker and the unveiling of an MGA.
InsurTech Futures: Hood Group partners with Gary Lineker-backed start-up Neos
Broker to provide administration services for Neos' smart home insurance proposition.
Bollington launches MGA
Anjuna Underwriting to write motor business through Bollington's wholesale network.
Pukka’s Sam White launches Freedom Brokers
The broker will focus on motor and will be based in Cheadle, Manchester.
Arron Banks’ Eldon launches Somerset Bridge MGA
The MGA move was revealed in company accounts which also showed that Eldon made a loss in 2016.
PIB buys specialist charity MGA aQmen Holdings
Deal is broker's eleventh in 17 months.
Brightside’s van MGA to be launched next year
Launch delayed due to impact from the Ogden rate change.
Ascent introduces nil deductible cyber policy for SMEs
According to the MGA the cover will be available to all new and renewal SME clients that opt to use its panel of service vendors in the event of a claim.
CFC launches dark web monitoring tool
MGA says CFC BreachAlert will notify policyholders in real-time if any of their data is posted on the dark web.
InsurTech Futures: Gary Lineker-backed Neos launches home insurance proposition
Start-up says new platform uses over 260 external data sources.
Ensurance UK launches with construction focus
The MGA will offer home build and construction and engineering products to brokers.
Ascot launches new MGA and hires Michael Sillat to lead
The Lloyd’s insurer said it wants to invest and build a global property and casualty insurance and reinsurance platform.
New motor fleet MGA launched
TeleFleet to build offering using telematics data.
Fiducia opens Birmingham office
The MGA has also launched a marine trades facility for the UK regional marine market.
Video: Meet Sam White
Learn more about the lighter side of the Pukka Insure and Action 365 CEO in our quick-fire Q&A video.
Nexus buys trade credit MGA Equinox
Current management team to stay on following the deal.
MGAA reveals strategic direction
Due diligence, Brexit, training, professionalism, and lobbying are key focuses for the Association’s future.
Fiducia offers terrorism cover via regional brokers
The MGA has teamed up with Lloyd’s insurer Atrium Underwriting to provide the cover.
Nexus confirms plans for two more acquisitions with further to come
Firm describes MGA market as "red hot" for new starts and potential investor interest as it buys Vectura Underwriting.
Nexus buys marine cargo MGA from Aquila
The business has now moved to Nexus’ headquarters in Leadenhall Street.