Managing general agents (MGAs)
MGA expands with London office launch
Managing general agent Giant Insurance has launched an office in London, the fifth for the company.
Scor’s McMurdo replaces Johnson as Accredited UK and European boss
Stuart McMurdo has been named president of Accredited UK and Europe, effectively replacing Colin Johnson, CEO of Accredited Insurance Europe.
Meet the MGA: Altea
Carly Matson, CEO of Altea Insurance, outlines how her MGA is helping healthcare professionals and organisations fulfil their insurance requirements against a backdrop of hard rates and frustrations around regulation/licensing.
Halo founder launches insurtech Gigasure
Ernesto Suarez has launched insurtech managing general agent Gigasure offering travel, backpackers, and car hire excess insurance.
Zurich sells Navigators & General to Ardonagh’s Geo
Geo Underwriting is buying marine insurance provider Navigators & General from Zurich UK, with the deal expected to close before the end of the year.
Charles Manchester: Reflections on a career in insurance
Charles Manchester shares his reflections on the challenges and achievements during his time in the market as well as the outlook for MGAs and opportunities for the sector.
SRG adds second acquisition to its MGA this year
Specialist Risk Group has agreed to buy Trilogy Underwriting, a specialist property and casualty managing general agent, to add to its MX underwriting pillar.
OneAdvent partners with Bridgehaven in capacity deal
OneAdvent has struck a deal with Bridghaven Specialty UK that will see the hybrid fronting insurer provide A-rated capacity to managing general agent Criterion to underwrite waste management and recycling risks.
Next deal on the horizon for Bspoke
Bspoke Group has “signed heads” on its next deal, with an announcement to come ‘in weeks’, CEO Tim Smyth has told Insurance Age.
Allianz’s Hobbs, Arch’s Peters, Aviva’s Martin and Zurich’s Nichols to join panel at Broker Expo 2024
Insurance Age is delighted to reveal the first panel at the Broker Expo 2024 and it has a lot of insurer star power.
Interview: Addept Group managing director Richard Finan
Addept MD Richard Finan gives Insurance Age the lowdown on his return to the market; his thoughts on changes to the MGA market in the wake of Consumer Duty; and the challenges of creating ancillary products in a post-FCA GAP intervention world.
Addept looks to go live in Q4 as it finalises capacity deals
Wholesaler Addept Insurance Services has revealed it plans to sell its first product in the fourth quarter, as it strives to hit a target of £5m net written premium by year three.
Gallagher boss: Whether fronter or insurer, MGAs need ‘certainty of capacity’
In the head-to-head Fronting Insurers Vs Traditional Insurers session at the Managing General Agents Association conference last week, Martyn Glover, partner at Gallagher Re, stated MGAs need certainty of capacity.
MGA “has to own its claims proposition” – Partners& boss
A panel at the Managing General Agents Association 2024 conference explained MGAs need to create a better claims proposition and own it.
Somerset Bridge swings to Ebitda profit as turnover doubles in 2023
Arch Reinsurance-owned Somerset Bridge Group trimmed post-tax losses in 2023 to £13m from £32m the year before, as it moved into positive Ebitda territory.
How specialist incubators are helping fuel MGA growth
The managing general agent sector is booming, creating increased demand for specialists who can help would-be MGAs get set up. Edward Murray explores this world of ‘incubators’, and highlights how they can help fledging businesses.
Aurora launches commercial combined product
Managing general agent Aurora has launched what it describes as its “flagship” commercial combined product for SMEs.
MUM founder Charles Manchester to retire from Pen
Charles Manchester, founder of Manchester Underwriting Management, is retiring from the business this month, Insurance Age can reveal.
Munich Re MGA put into run-off
Munich Re has put GrovesJohnWestrup, its high-net-worth managing general agent, into run-off.
SRG buys political violence specialist Tristar Special Risks
Specialist Risk Group has acquired political violence specialist Tristar Special Risks building out SRG’s managing general agent, MX, which was launched in December 2021.
Meet the MGA: Rokstone
Ian Anson, MD of Rokstone, highlights talent that passes the ‘BBQ test’, an entrepreneurial culture and deep relationships with capacity providers as key to it achieving its goal of stretching the boundaries of what an MGA can offer.
Meet the MGA: Phoenix Specialty
A new entrant into the construction insurance market, Tim James, managing director at Phoenix, explains how it is responding to the wide variety of risks that exist within the market in the UK today, with eyes on global expansion in the future.
Bspoke ramps up in HNW with multiple ex-H&L appointments
The Bspoke Group has appointed Adrian Ewington as managing director of Bspoke Private Clients, its mid and high net worth specialist managing general agent.
AM Best keeps Accredited ratings under review after Onex buy
AM Best has maintained the under review status of fronting business Accredited after the sale to Onex Partners last week.