Managing general agents (MGAs)
Lime Underwriting PI and D&O exit opens door for Ascent
Ascent Underwriting has entered the UK and Irish professional indemnity and directors and officers markets following the recruitment of Lime Underwriting's managing director and two other specialists.
Seventeen inks Clydesdale debt refinancing deal
Seventeen Group has agreed a deal to refinance its debts with Clydesdale Bank, allowing the firm to target new acquisitions.
Towergate Underwriting director Lawrence to lead Direct Insurance MGA
Lloyd’s broker Direct Insurance Group has hired Towergate Underwriting sales and marketing director Tony Lawrence to lead its new managing general agent Imperium Insurance.
C-Suite: MGA: Value through specialism
Given their name as managing general agents, it’s ironic that the fundamental definition for success for an MGA is in its specialism.
C-Suite: Insurer: All that glitters is not gold
Brokers should not lose sight of what they do best in search of a ‘bigger piece of the pie’
RUP Commercial rebrands to Century Underwriting
Motor managing general agent RUP Commercial Risks has changed its name to Century Underwriting as it looks to expand into liability and property insurance.
Trade Voice: A taxing time for MGAs
A few years ago HM Revenue and Customs ran an advert with the slogan ‘Tax doesn’t have to be taxing’. However, for managing general agents, this may not necessarily ring true.
Ryan Specialty hires McKenna for UK expansion
Ryan Specialty Group has hired Peter McKenna to oversee the development of the company MGA strategy in the UK market.
Cobalt boss hails AIG appetite after capacity deal
The CEO of Shariah-compliant managing general agent Cobalt Underwriting has paid tribute to AIG after the US insurer agreed a deal to provide capacity for a range of covers.
Research: State of the Broking Nation Part 1: Insurers
A warts-and-all qualitative view from the broking market
Lloyd's market missing out on up to £200m of loss fund cash
Research conducted by service provider Ambant has shown that between £175m and £200m of loss fund cash is sitting dormant across the Lloyd's market.
Kiln hires intellectual property underwriter
Kiln has appointed Ian Lewis as enterprise risk underwriter specialising in intellectual property.
Catlin cranks up UK General commercial capacity stake as Ageas steps aside
UK General has extended its capacity arrangement with Catlin to include commercial motor in a deal that has signalled the end of Ageas’ relationship with the managing general agent’s commercial arm.
Comment: Audit scope: New scope for coverholder audits
New requirements will need to be met after changes to coverholder audits were announced at the Lloyd’s Coverholder Auditors conference. Alec MacMillan, senior auditor at Triton Audit, explains what changes are in store for the sector
Gallagher hires Clear boss Taylor as UK MGA sales director
Arthur J Gallagher has appointed Simon Taylor as sales director for its UK MGA division, a newly created role to span the 10 MGAs brought together under the Pen Underwriting brand.
Weather index MGA to target brokers after securing capacity
The first UK-flagged weather index coverholder is targeting a range of smaller broking partners after securing underwriting capacity from a panel of market players.
C-Suite MGA: Playing the generation game
The other Friday I took a crowd of Dual employees to the pub for summer drinks in the evening sunshine.
RUP appoints Axa's Mansell as commercial motor underwriter
RUP Commercial Risks has appointed Axa senior motor fleet underwriter Spencer Mansell as commercial motor underwriter.
APC plotting underwriting return for Towergate owned-Folgate
Commercial managing general agent APC has acquired Folgate Insurance from Towergate, where the firm was in run-off, with an eye to returning the firm to active underwriting.
Gallagher CUO Fisher resigns
Arthur J Gallagher’s chief underwriting officer Sian Fisher has resigned for “a fresh challenge”, and will exit the broker in mid-October.
Ex-Arista liability boss cites market ambitions for Gresham switch
Managing general agent Gresham Underwriting has confirmed the appointment of Arista’s head of liability Tony Collman to the position of chief underwriting officer.
Pen Underwriting unveiled as Gallagher's collective MGA brand
Arthur J Gallagher has signalled its intent to accelerate underwriting growth opportunities and become "a force to be reckoned with" following the launch of a single brand for its collection of UK managing general agencies.
BP Marsh acquires 5% stake in Nexus Underwriting for £1.55m
Niche capital venture provider BP Marsh & Partners has snapped up a 5% shareholding in managing general agent Nexus Underwriting Management for £1.55m.
D L Dale looks to QBE for underwriting hire
QBE's Tim Butcher is to join D L Dale & Others Syndicate 2525 as senior class underwriter from 1 December.