GuideOne gears up for further growth with specialty lines build outUS insurer GuideOne is looking to expand its new specialty E&S platform beyond property into multiple lines including construction liability and rail liability as well as a number of areas impacted by the Covid-19 fallout, The Insurer can reveal.
Axon launches crisis management unit with trio of Nationwide-backed programsProgram administrator Axon Underwriting Services has launched a new crisis management platform led by two recent hires from Allianz Global Corporate & Specialty after securing capacity for three new programs from Nationwide E&S.
New HIIG CEO targets team hires and renewal rights transactionsHouston International Insurance Group (HIIG) CEO Andrew Robinson is targeting the addition of new underwriting teams and renewal rights transactions to capitalize on hard market conditions in a bid to build the carrier out as a top-tier primary specialty player.
XPT takes GWP to $250mn with LP Risk acquisitionBP Marsh-backed specialty insurance distribution platform XPT Group has completed its sixth investment with a deal to buy MGA and wholesale broker LP Risk, The Insurer can reveal.
Renvyle joins Sutton National as CUOFormer regional president at The Hanover Russell Renvyle will re-emerge at program carrier start-up Sutton National, The Insurer can reveal.
The Hanover hires AmWINS exec as industrial property headJames Kelley has been appointed president of Hanover Specialty Industrial Property, joining from AmWINS.
Rappaport set to leave The Hanover for program start-upLong-serving The Hanover executive Craig Rappaport is leaving the US insurer and is expected to re-emerge at Bill Jewett’s Genstar-backed hybrid program fronting start-up Obsidian, The Insurer can reveal.
K2 names former Victor executive Smith as presidentMark Smith, most recently chief underwriting officer at Marsh-owned MGU Victor US, has joined expansive MGA and program manager K2 Insurance Services as president.
Renvyle leaves The Hanover’s program platformRegional president Russell Renvyle has left The Hanover’s program division AIX in the latest in a series of departures from the insurer’s specialty business, The Insurer can reveal.
Clear Blue not for sale despite approachesPine Brook is not looking for an imminent exit from Clear Blue despite speculation about a number of recent approaches for the fast-growing fronting specialist, The Insurer can reveal.
Denali Specialty hires Senger to head delegated authorities unitStart-up MGA and wholesale brokerage platform Denali Specialty Group has hired former Breckenridge Insurance Services executive Kerri Senger as president of its delegated authorities practice, The Insurer can reveal.
Paragon gets injunction as Allied World program dispute heads to arbitrationA judge in a lawsuit between Paragon Insurance Holdings and Allied World over a wineries and breweries program has granted the MGA an injunction and compelled the dispute to arbitration.
SterlingRisk launches A&E program with Beazley as carrier partnerIndependently owned broker SterlingRisk Insurance has launched an architects and engineers (A&E) professional liability insurance program on Beazley paper.
Zurich backs new Vindati motor truck cargo offeringZurich Insurance is providing its paper to US insurtech managing general underwriter Vindati to launch a new standalone motor truck cargo (MTC) program.
Paragon premiums head beyond $200mn with auto dealer programEPIC and Oak Hill Capital Partners-backed MGA Paragon Insurance Holdings has added a meaningful book of package auto dealership program business that it is writing through fronting carrier Falls Lake with reinsurance capacity from Swiss Re, The Insurer can reveal.
Lloyd’s to be more discerning about coverholders as it rebalances US businessLloyd’s will put the market’s US coverholder book under much closer scrutiny as it looks to better identify strong delegated authority underwriters and push away underperformers, according to CEO John Neal.
XPT secures Watford backing for new Platinum Trucking programExpansive specialty insurance distribution platform XPT Group has launched a new trucking program through its WE Love & Associates subsidiary with A- paper from Watford Insurance Company.
Programs exec Meek leaves Allied World for HomesiteGrace Meek has left Allied World to build out a new program platform at US carrier Homesite Insurance, The Insurer can reveal.
Nationwide E&S backs new Euclid life sciences MGA for September startEuclid Insurance Services (EIS) has secured capacity from US insurance giant Nationwide E&S for a new MGA specializing in product and professional liability for the life science industry led by former CNA executive Ryann Elliott, The Insurer can reveal.
Industry veterans raise $67mn to build program platformChris McClellan, Mike Toole and Tony Urban are launching Austin, Texas-based Incline Insurance Group to build out a US program carrier platform, The Insurer can reveal.