Managing general agents (MGAs)
Century launches new underwriting division
Century Underwriting has launched a liability underwriting division and made two senior appointments.
Peak Re and warranty MGA Nexassure partner in Asia
Hong Kong-based extended warranty MGA Nexassure has secured a reinsurance partnership with Hong Kong-headquartered reinsurer Peak Re for insurers in Asia.
UK General suspends AR activity over mis-selling allegations
UK General Insurance has been ordered by the Financial Conduct Authority to look into alleged mis-selling by its appointed representatives.
AA underwriting business expands into home
AA’s newly launched underwriting business is on target to write 100,000 policies in the first year of its launch.
Fair presentation for MGAs important for Insurance Act
The issue of transparency was a discussion point at the Managing General Agent's Association annual conference in July. As a watch word for the industry, it can, of course, mean different things to different people.
XL Catlin to acquire Lloyd's MGA in Australia
Global insurer XL Catlin has entered into an agreement with Paul Hines, the owner of Sydney-based Brooklyn Underwriting, to acquire the MGA.
James Gerry steps down from MGAA chair after six months
James Gerry has stepped down as chairman of the Managing General Agents Association after just six months on the job.
AIG tipped to sell stake in Ascot Underwriting
American International Group is in discussions to sell its shares in Ascot Underwriting.
Clydesdale Bank confirms 'appetite' to assist MGA's as Lorega lands £2.75m funding package
Lorega has secured a £2.75m funding package from Clydesdale Bank’s specialist and acquisition finance team for "additional growth".
Towergate plunders Compass motor division with two senior appointments
Towergate Insurance has expanded its London Market motor fleet team with two new appointments from rival broker Compass.
So Sure to launch 'revolutionary' social peer-to-peer mobile insurance app
Managing general agent So Sure, which specialises in insuring mobile phones, is about to launch a new model of “social insurance” via an app-based peer-to-peer product.
Enterprise parent company to expand MGA following insurer's collapse
The parent company of collapsed insurer Enterprise is looking to amend the remit and secure additional capacity from an alternative re-insurer for its Managing General Agent Andeva.
Evolution's Paul Upton on making human intervention as smart as possible
Paul Upton, CEO of Evolution Underwriting, asks if man and machine can ever work in perfect harmony
Am Trust acquires Arc Legal Assistance for undisclosed amount
Am Trust International has acquired Arc Legal Assistance for an undisclosed amount.
Interview: MGAA's James Gerry on what makes an MGA
One of the challenges that James Gerry, the recently elected chair of the Managing General Agents' Association, consistently encounters is over what exactly an MGA is.
Nexus makes first overseas acquisition in Hong Kong
Lloyd's MGA Nexus has bought Hong Kong-based marine MGA Beacon Underwriters for an undisclosed sum.
AIG and Ascot Underwriting launch joint MGA
AIG has entered into an agreement with Ascot Underwriting and other partners to launch a new MGA.
MGA looking to redomicile to Ireland following Brexit vote
A Kent-based intermediary has said “all options are open” following a Brexit vote, as its parent company CBL Insurance said the firm could redomicile to Dublin.
Inet3 launches flood cover for non-standard home risks
Specialist property managing general agent Inet3 has launched non-standard home risks cover on Flood Re, with the support of a new learning hub for brokers.
C-Suite MGA: Pen Underwriting’s Martin Hall on defining by definition
This time last year, I was busy ruminating on my first few weeks working for a specialist underwriting business.
IUA warns job losses ‘highly likely’ if Brexit camp wins
Job losses among the 34,000 people employed directly in the city’s commercial insurance sector, and thousands more indirectly, are likely if the UK votes to leave the European Union, according to industry bodies.
XL Catlin supports Nexus in Asia
London-headquartered specialty MGA Nexus Underwriting has signed a three year underwriting capacity deal with XL Catlin for its Asia office.
Former OIM Underwriting MD launches MGA with £20m GWP target
Jason Anthony, former managing director at OIM Underwriting, has launched MGAM Limited, a managing general agent with a target of reaching £20m gross written premium in year one.
GRP set to make more acquisitions after latest Northern Ireland deal
Global Risk Partners is looking for more regional acquisitions across the country after investing in two brokers in Northern Ireland.