Program News
Further MGA growth forecast as operators make their presence felt at January 1 renewals
Balavant hands Bernard and Kyjovsky senior leadership roles after Tangram spin-out
Pivix Specialty Insurance Services' launches Everspan Group-capacity backed E&S casualty brokerage program
AI-driven MGU Neptune Flood has exceeded 250,000 policies in force, as more homeowners and businesses seek alternatives to government-backed coverage.
Ryan Specialty has completed the acquisition of JM Wilson, a Michigan-based MGA and surplus lines broker.
Transparency and strong relationships are essential for successful capacity deals, according to industry experts speaking at the Program Manager Conference in New York.
The fundamental drivers that have driven the MGA and programs market’s growth in recent years remain in place, with the fast-evolving risk landscape set to spur further expansion in the segment, a panel of industry experts has suggested.
Euclid Cyber is launching on March 1 with backing from fronting company Spinnaker, bringing to market an excess cyber product that offers insureds with $1 billion or more in revenue up to $5 million in limit that attaches at $75 million and above.
Beyond Risk’s Origin Specialty Underwriters Agency has partnered with its sister company GPW & Associates to launch Origin Captive Solutions, aimed at providing middle-market companies with expanded risk management solutions.
Ryan Specialty has agreed to acquire property cat-focused MGA Velocity Risk Underwriters from private equity sponsor Oaktree Capital Management in a $525mn cash deal, with property mutual giant FM acquiring Velocity Specialty Insurance Company (VSIC).
Arden Insurance Services has secured a significant growth capital investment from private equity firm FTV Capital, Program Manager can reveal.
Ryan Specialty is in final discussions to buy London-based MGU incubator platform Innovisk Capital Partners from investors that include funds managed by private equity firms BHMS Investments and Abry Partners in the latest example of strong demand from strategic buyers for assets in the sector.
Starwind Specialty Insurance Services has brought in Kirk Conrad as CUO, with the recruit making the move after this publication revealed in August he had left BMS amid links to the TIH Underwriting division.