Managing general agents (MGAs)
Market Moves: 9 January 2014
Ecclesiastical, LV, Ageas, Zurich and Torus are among the insurers recruiting this week, while Willis, and Arthur J Gallagher are the brokers making moves.
Mega-yacht portfolio growth leads to R&Q marine MGA capacity boost
The specialist global managing general agent platform of Randall & Quilter has made it possible for R&Q Marine Services to offer yacht insurance buyers immediate capacity to insure vessels for up to €235m (£195m).
Bluefin acquires Scottish PI broker
Bluefin has acquired independent Edinburgh-based broker P I Brokers for an undisclosed sum.
C-Suite: MGAs must attract top talent
There are currently three kinds of managing general agents: broker‑driven ones that are used to prop up broker revenue streams; MGAs supported by one carrier, normally mono-product and geography; and the multi-product and wide geographic MGA supported by…
Cooper Gay Swett & Crawford names North American subsidiary president
Phil Baker is to take the helm of Cooper Gay Sweet & Crawford’s North American subsidiary Creechurch International Underwriters in the new year.
Ascent launches medical billings E&O cover for US
Ascent Underwriting has launched a medical billings errors and omissions insurance product specifically aimed at the US healthcare professionals.
Lloyd's MGA Lime Underwriting to offer financial lines
US Risk (UK), which owns Oxford Insurance Brokers and James Hampden International, has started Lime Underwriting, a managing general agent at Lloyd’s, for the UK and international financial lines sectors.
Interview: Ray Vincent: A decade and counting
Celebrating 10 years since his firm was born out of the ashes of disaster, Transactor founder Ray Vincent explains why increasing headcount, the mainstream market and London managing general agents will feature in the future of the brand.
R&Q unveils Birmingham office boosted by Catlin hires
Randall & Quilter has opened the second UK regional office for its specialist managing general agent platform, based in Birmingham, with two underwriters recruited from Catlin.
Manchester Underwriting acquires Senior Wright Indemnity
Specialist MGA Manchester Underwriting has inked a deal to purchase Lloyd’s broker Senior Writing Indemnity.
Market Moves: Aspen, Barbican and XL bring in new underwriters as insurers are most active recruiters
Insurers maintained their recruitment emphasis this week with multiple hires across the sector. XL, Aspen and Barbican were among those to reveal new underwriting roles, in the form of a fine art underwriter, a global chief underwriting officer and a…
Directors’ & Officers’: Much aD&O about nothing
Despite some predicting an uncertain period for the directors’ & officers’ sector following a government discussion paper and a high-profile claim refusal, unconcerned market insiders explain why education is their current priority.
Insurer Cloud goes live
The Insurer Cloud is now fully operational at its newly acquired offices in Basingstoke, Hampshire.
Additional funds at the ready for consolidator ahead of London market splurge
The founder of London market consolidation business Global Risk Partners has set his sights on tying up a string of deals for businesses with revenues between £1m and £50m in the coming months.
UK General hires ex-BMW Financial Services manager Binns
UK General has appointed former BMW Financial Services manager Andrew Binns to the role of schemes director for motor ancillary products.
Interview: Hugo Wynn-Williams: Steadying the ship
Amid the ongoing economic downturn and the constant threat of piracy, Thomas Miller chairman Hugo Wynn-Williams explains how the protection & indemnity sector is navigating the choppy waters.
C-Suite: All brokers can benefit from MGAs
How hip can managing general agents be? In UK commercial broking, MGAs have become a must-have accessory, with most of the big brokers bolting on MGAs to their distribution portfolios.
MGA ‘fast-track’ platform launched
Castel Underwriting, a platform to fast-track the creation of MGAs, has been launched.
Sign up to the free-to-attend Commercial Underwriters Forum today
Taking place on Thursday 24 October 2013, the Commercial Underwriters Forum is free- to-attend* for all those working at insurers, managing general agencies and brokers.
Legal Market: Joining forces
Mergers and acquisitions in legal markets show no sign of abating. But what is behind the desire to consolidate law firms, and what does it mean for the insurance industry?
Ambant eyes MGAs following launch of underwriting arm
Insurance market services company Ambant has launched Ambant Underwriting Services in a move to target underwriting teams setting up managing general agents.
Q&A: Richard Ward: Passing the Lloyd’s baton
Reflecting on his time at the helm, outgoing Lloyd’s chief executive Richard Ward talks about the upcoming challenges for his successor and the legacy he is leaving behind.
Solicitors' PI: Taking a gamble
While their low prices make unrated carriers an attractive option for solicitors seeking professional indemnity insurance, are they worth the risk? And do small law firms have any alternative?
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner