Managing general agents (MGAs)
Arista boosts profit to £1.3m in 2011
Commercial lines managing general agent Arista Insurance posted an EBITDA profit of £1.334m during 2011, up from £683,000 in 2010.
Faraday to use Agencyport platform
Faraday Group has selected Agencyport Software to provide a centralised platform to track and manage its delegated underwriting authority business.
BIBA 2012: MGAs 'make sense', say insurers and brokers
Insurers, brokers and managing general agents believe that delegated authority "makes sense" if parties have the same interests, but some MGAs lack the skills to work effectively.
Market moves: IFB adds four to team
With the fight against fraud hanging in the balance, the Insurance Fraud Bureau was one of the most active recruiters this week, welcoming four new staff - including a new operations co-ordinator – into its team.
MUM launches international arm
Managing general agent Manchester Underwriting Management is to enter the international market.
MGA Dual continues to expand in Asia with Singapore branch
The Dual Group, the underwriting arm of Hyperion Insurance Group, has unveiled plans to open Dual Singapore in the second half of 2012.
MGA Dual grows Asian presence with Singapore opening
The Dual Group, the underwriting arm of Hyperion Insurance Group, has unveiled plans to open Dual Singapore in the second half of 2012.
BIBA 2012: Aqua Underwriting enters commercial market
Aqua Underwriting has widened its underwriting footprint with the launch of a range of niche commercial combined products.
Keychoice Underwriting set to transfer business to Towergate
SSP-owned managing general agent Keychoice Underwriting is in talks to transfer its business to Towergate, Insurance Age has exclusively revealed this morning.
Hubbard returns to front line as Posner stands down
Former Axa UK chief executive Peter Hubbard has stepped up to the role of executive chairman at Leeds-headquartered MGA UK General Group after Howard Posner decided not to continue.
Axa will never swallow MGA "hype" and "lure of lira" again, promises Williams
Axa will not fall prey to the hype about managing general agents while the current management team is in place.
Axa linked to major capacity deal with Gallagher's OIM
Axa is reported to be close to signing a major capacity deal with A J Gallagher-owned managing general agent OIM.
Market moves: Canopius and CGSC dominate appointments
This week the recruitment space belonged to Canopius and Cooper Gay Swett & Crawford. Canopius restructured its entire executive committee, alongside appointing an underwriter, while CGSC recruited a new chief commercial officer, head of operations and…
Battle for broker schemes hots up as players bolster ranks of expertise
Specialist insurer Ecclesiastical has secured four new broker schemes, just weeks after pledging to refocus its efforts on intermediary deals, as insurers scramble to pick up lucrative broker schemes.
Hyperion defends move to sell majority stake in CFC Underwriting
Hyperion chief executive David Howden has denied speculation that the sale of the firm’s majority stake in CFC Underwriting could signal a greater focus on the broking arm of its business.
Hyperion denies strategic shift to broking amid IPO plans
Hyperion boss David Howden has denied analyst suggestions that the decision to part company with CFC Underwriting could herald a shift towards a broking focus in light of an upcoming IPO bid.
Post magazine - 12 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Lloyd’s witnesses new wave of MGAs due to Solvency II and M&A activity
In recent months the industry has witnessed a renewed surge in the number of Lloyd's insurers teaming up with managing general agents to access new lines of business.
Post magazine - 5 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Nexus Underwriting sets up new Lloyd's MGA
Nexus Underwriting has launched its new Lloyd's managing general agency, Nexus Professional Risks.
Market moves: UK General and Towergate lead the pack
Insurer UK General and broker Towergate were the main movers and shakers this week, appointing a new chief operating officer and director of group mergers and acquisitions respectively.
Charles Taylor goes live with MGA service
Charles Taylor Insurance Services has launched a new service enabling independent underwriters to establish their own managing general agents.
JLT to reveal international underwriting ‘success’ in 2013
Footman James CEO will join Thistle in July to spearhead global roll-out of application.
Markerstudy backs ex-KGM underwriter's MGA
Former KGM underwriter Colin Hart has secured £25m underwriting capacity from Markerstudy for his UK motor managing general agent Xpekt.