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Program News

US-based hybrid fronting carrier Transverse has been acquired from Virgo Investment Group by Mitsui Sumitomo Insurance Co (MSI) in a deal reported to value the firm at ~$400mn....

MGAs have a crucial role to play in ensuring the wider insurance market remains relevant to its clients, David Howden has said...

AmRisc has replenished the majority of the capacity that retrenched from the giant cat-focused MGA late last year with the addition of Berkshire Hathaway and hybrid fronting insurer Spinnaker to its carrier panel ahead of its busiest renewal date of 31 May, Program Manager can reveal. 

The move by Howden RE to swoop for the leadership of GC Access and a growing number of the division’s team members is being seen as an audacious move that paves the way for the challenger reinsurance broker to take a leading position in the burgeoning programs and MGA sector.

Bill Malloy, Jason Rotman and Steve Sitterly are set to take the helm at Distinguished Program with the transaction for private equity firm Aquiline Capital Partners to buy into the program administrator now agreed ahead of an expected close this spring, The Insurer understands.

quiline Capital Partners has emerged as the frontrunner to take a minority stake in Distinguished Programs after entering exclusivity with the program administrator, our sister publication Program Manager can reveal.

Vesttoo expects to structure transactions for some $7bn of limit in 2022 by matching coverage demands of MGAs, MGUs, fronting carriers and (re)insurers with the appetite of its growing investor panel – including by bringing quota share capacity to the program sector, The Insurer can reveal.