Managing general agents (MGAs)
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.
Hubbard to exit UK General
UK General group CEO Peter Hubbard is to step down from his role in February, the company has confirmed.
MGA Imperium launches farm division with QIC Europe capacity
Specialist managing general agent Imperium Insurance Management has launched a specialist farm division with capacity backing from Qatar Insurance Company Europe.
Accelerate seals three year capacity deal with sports specialist JRW
Specialist managing general agent Accelerate Underwriting has agreed a three year deal with Manchester-based sports player JRW Group.
Ex-Brightside director Jackson reunites with former Towergate colleague Brown
Keith Jackson is to reunite with ex-Towergate colleague Scott Brown at the latter’s latest venture, Accelerate Underwriting, Post can reveal.
Ryan Direct Group buys Midas Underwriting
Insurance services business Ryan Direct Group has entered into agreement to acquire Northern Ireland-based managing general agent Midas Underwriting.
Nexus adds to specialist team with Millstream Underwriting
Nexus Underwriting Management has continued its growth, acquiring Millstream Underwriting today (17 December).
Lloyd's to launch index in 2016
Lloyd’s of London today plans to launch its own insurance-based index in mid-2016. The index will show diversified risk, loss ratios and be focused on insurance performance.
LMA Academy sees its biggest year to date
With almost 7000 insurance professionals having taken part in events organised by the Lloyd's Market Association Academy since January, 2015 is set to be the biggest ever year for the LMA’s training and development team.
XL Catlin's Foster joins Pioneer
Pioneer Underwriters has appointed David Foster as group chief financial officer.
Blog: Why Lloyd's is losing out on insurance technology innovation - and how it can fix this
While the founder of Lloyd's might be amazed by how far Lloyd's of London has come in a little over 300 years, this insurance market is no longer the pioneer of the industry that it once was.
Towergate Q3 income drops 10% as infrastructure challenges continue
Towergate has reported a 10.3% decline in income to £87m in the third quarter of 2015 compared to £97m in the same period of 2014.
Call for more prominent role for MGAs in claims process
MGAs want to get closer to the claims process according to the latest Managing General Agents' Association survey.
Ryan Specialty Group acquires M&A specialist MGA
Chicago-based Ryan Specialty Group has acquired managing general agent Hunter George & Partners, which offers insurance solutions for mergers and acquisitions.