Managing general agents (MGAs)
Brightside CEO Williams plotting MGA launch
Brightside chief executive Paul Williams has outlined a number of measures designed to improve profitability at the specialist broker, including the potential launch of a managing general agent.
C-Suite – MGA: The devolution of personal lines
Is big data really the answer to stopping the rot that has taken hold in personal lines insurance?
MGA’s hear Lloyd’s plans for delegated authority business
Managing General Agents yesterday heard how regulation will impact the way they do business in the future.
CFC annual pre-tax profits climb 27%
The UK’s largest specialist lines managing general agent has witnessed both its revenues and profits climb in figures issued this morning.
Underwriting trio form aerospace business via 'club-style' MGA
Altitude Risk Partners has formed an aerospace underwriting business after utilising Castel Underwriting Agencies’ ‘club-style’ managing general agent platform.
Pioneer launches Lloyd's Sub-Syndicate 1980
Pioneer Underwriters has launched its Lloyd’s Sub Syndicate 1980 in conjunction with Liberty Syndicate 4472.
Career development: MGAA calls for nominations ahead of board elections
A number of existing representatives of full managing general agent members of the Managing General Agents' Association have revealed their intention to stand for re-election, as the MGAA begins its board election process and calls for nominations from…
Market Moves - 16 January 2014
Beazley and LV Broker were among the insurers making changes to personnel this week, while Towergate featured among the brokers making moves.
MGAA calls for nominations ahead of board elections
A number of existing representatives of full MGA members of the Managing General Agents’ Association have revealed their intention to stand for re-election, as the MGAA begins its board election process and calls for nominations from members.
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.