Managing general agents (MGAs)
GRP backs MBO for Lonmar
Investment vehicle Global Risk Partners has agreed to back the management buyout of specialist Lloyd’s broker Lonmar Global Risks.
R&Q to dispose of more businesses in 2016, focuses on cost-management
Randall and Quilter will look to dispose of more businesses this year as part of a simplification of the firm’s business model.
Commercial vehicle MGA launches with £30m capacity
A £30m-capacity managing general agency targeting van and commercial vehicle business will be launched in the UK market by the founder of a claims management company.
Unicorn says ‘diversifying’ the next step after Berkshire backing
Unicorn Underwriting has confirmed it will not limit itself to UK commercial lines but aims to move into all classes and territories after partnering with Berkshire Hathaway.
Amwins Group member Unicorn Underwriting gets backing to write motor fleet
US-based insurance distributor Amwins Group will partner with Berkshire International Insurance to enter the motor fleet business, via Amwins’ London-based managing general agent Unicorn Underwriting.
Barbican looks to Capita for MGA MD
Barbican Insurance Group has appointed Capita Managing Agency CEO Iain Bremner as managing director of Barbican Managing Agency.
James Gerry appointed as MGAA chair
The Managing General Agents’ Association has elected James Gerry as chairman following the first meeting of its new board on Monday.
C-Suite MGA: Dual's Talbir Bains - Mind and matter
A culture of firm underwriting discipline will breed sustainability and scalability
Colosso becomes non-exec chair at personal lines MGA
Industry stalwart Adrian Colosso has lined up his second non-executive role following his departure from Howden, Post understands.
CFC hires Matt Taylor to head emerging risks business
CFC has hired Matt Taylor as its head of emerging risks, as the underwriting agency continues the growth of the business.
MGA ARO launches online quote offering
Managing general agent ARO Underwriting has launched an online quotation platform for brokers as part of the company's rebrand.
New Hiscox MGA to focus on professional indemnity and motor
Hiscox will this year set up a managing general agent in the UK focusing on areas outside its underwriting appetite, including some classes of professional indemnity and motor insurance.
Plum Underwriting buys R&Q MGA Synergy
Plum Underwriting has acquired specialist high-net-worth managing general agent Synergy Insurance Service from Randall & Quilter.
Century Underwriting launches professions division
Managing general agent Century Underwriting has launched a professional indemnity and directors' and officers' service in partnership with insurer Arch.
Lorega finalises management buyout
UK MGA Lorega has completed a management buyout, backed by Alcuin Capital Partners.
Steadfast's profit climbs 81% in first half
Australian broker network and underwriting agency Steadfast saw after tax profits climb 81% in the first half of fiscal year 2016 to A$37.9m (£19.4m).
C-Suite - MGA: Risk taking is our lifeblood
Being more risk averse than many other sectors has left the industry unpopular with customers
Biba expands PI panel for members
The British Insurance Brokers' Association has expanded its panel for members' own professional indemnity cover with MGB Insurance Brokers, Griffiths and Armour and Lockton on the board.
MGA venture by Cunningham Lindsey gets MGAA backing
Cunningham Lindsey will support managing general agents with a new service designed to assist with regulatory requirements and back office functions, a move that has been welcomed by the Managing General Agents’ Association.
Hefty FCA fines highlight importance of delegated authority chain controls
The £15.5m of fines handed to individuals and firms involved in the collapse of several unrated insurers operating in the solicitors' professional indemnity market have highlighted the need for all parties involved in the delegated authority chain to…
Pen launches improved coverholder offering
Pen Underwriting has launched an improved coverholder offering for delegated commercial lines business after a review of its service and support framework.
Dual Group interim CEO takes on role permanently
Hyperion Insurance Group has confirmed interim Dual Group CEO Talbir Bains will step into the role full time.
Market Moves - 28 January 2016
All the latest movers and shakers in the industry.
C-Suite - MGA: Calling all advocates
The industry needs happy policyholders to help turn its reputation around.