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Doxa closes in on acquisition of commercial transportation MGA QEO

Expansive MGA platform Doxa Insurance Holdings is in exclusive talks with QEO Insurance Group as it closes in on a deal to buy the commercial transportation specialist, Program Manager can reveal.

Argo’s Wills joins Helix to make US large property account entry

Argo senior vice president and head of property in Bermuda Nick Wills is joining Helix Underwriting Partners initially in what is understood to be a consulting role to assist in the launch of the expansive MGA’s large account risk managed US property business, The Insurer can reveal.

Joyn working on fundraise for Jan reboot after SiriusPoint capacity relationship ends

SME-focused E&S insurtech Joyn is working on securing additional funding for a January re-launch, after pausing writing business following the discontinuation of its capacity relationship with SiriusPoint in September, The Insurer can reveal.

Platinum Specialty adds Launch’s Donnelly as programs SVP

Platinum Specialty Underwriters has hired former Launch Underwriters president and Transverse executive Jason Donnelly as senior vice president, programs, Program Manager can reveal.

Aspen US environmental head Padula joining TIH-owned MGA platform Starwind

Longtime Aspen executive Michael Padula has left his role as US head of environmental and is set to join TIH-owned MGA platform Starwind Specialty, The Insurer can reveal.

Nardac unveils US solar PV program supported by Canopius-led capacity panel

Energy and infrastructure-focused wholesaler Nardac has launched a US commercial and industrial-scale solar photovoltaic program underwritten by capacity from a panel of Lloyd’s and company market players led by Canopius Syndicate 4444, The Insurer can reveal.

MSI eyes Florida E&S cat opportunity and plans 2023 high-value home launch

Millennial Specialty Insurance (MSI) will deploy “significant dry powder” to support growth in the E&S homeowners sector in Florida and other cat-exposed states as it uses its MGA platform to pivot between admitted and non-admitted offerings depending on market opportunity, E&S Insurer can reveal.

Topa back in the market for potential sale

Topa Insurance Group is again working with boutique investment bank Dowling Hales to restart a process for a potential sale of the California-based specialty lines and program insurer, The Insurer can reveal.

Fronting start-up Southlake Specialty targets diversified portfolio

E&S fronting carrier start-up Southlake Specialty and its admitted subsidiary Westlake Specialty will look to grow a book of business outside the commercial auto focus of affiliate NTA Underwriters, LLC by targeting diversifying product lines with third-party MGAs, The Insurer can reveal.

Platforms for growth

New turnkey MGA platforms are emerging in the program sector looking to provide a home for underwriting teams and seek growth opportunities in a burgeoning marketplace…

Relation explores MGA strategy as revenues double to $180mn

Aquiline-backed Relation Insurance Services is looking to secure an MGA platform to build out underwriting capabilities around the specialty retail brokerages it has been acquiring over the last two years on a growth trajectory that has seen run-rate revenues pass $180mn, The Insurer can reveal.

Ethos hires Legge from RT to grow strategic capital relationships

Ascot Group has hired Jonathan Legge from wholesale giant RT Specialty as executive vice president for strategic operations at its Ethos Specialty platform as it looks to deliver the most efficient capital to the MGU and its clients, The Insurer can reveal.

Cyber program manager Resilience hires CNA’s Reed as EVP

Program manager Resilience Cyber Insurance Solutions has strengthened its underwriting team with the arrival of Gavin Reed from CNA, The Insurer can reveal.

TUMI builds out capacity with Obsidian carrier partnership

Amwins-owned specialist transportation MGU Trinity Underwriting Managers (TUMI) has partnered with hybrid fronting carrier Obsidian in a move that will augment its reinsurance panel relationships, allowing it to write more business and expand its offerings, The Insurer can reveal.

Abry Partners closing in on deal for wholesaler Socius

Private equity firm Abry Partners is close to sealing a buy-in to California-based US wholesale broker Socius Insurance Services, The Insurer can reveal.

ERS-backed Arcus adds Faraday’s US treaty head Waters as gears up for property push

Arcus Syndicate 1856 has hired Ciaran Waters as the Aquiline/ERS-backed carrier looks to build out its property underwriting unit, The Insurer can reveal.