Hive and Allianz Commercial collaborate on aviation war facilityAviation-focused MGA Hive Underwriters and Allianz Commercial have collaborated on an underwriting facility for aviation war risks.
Skyward and eMaxx expand captives partnership to alternative energy warranty productsSkyward Specialty is to provide strategic support and additional capacity for eMaxx’s variable alternative energy warranty products captive solutions.
Trends in the executive benefits spaceThe executive benefits landscape is continually evolving, influenced by various factors including economic shifts, demographic changes and, most recently, the Covid-19 pandemic.
Alliant hires Ramos from USI as SVP in Tribal First teamEric Ramos has joined Alliant Insurance Services from USI as senior vice president with Tribal First, a specialised program focused on the insurance and risk management needs of tribal governments and enterprises.
R&Q shares close up 16% after confirming Accredited sale talks with PE firm OnexR&Q’s share price closed up 16.45 percent on 22 September after the troubled company confirmed it is in discussions with the Canadian private equity firm Onex Corporation over the sale of its hybrid fronting business Accredited.
R&Q shares rise 13% after confirming advanced talks with Onex over Accredited saleR&Q’s share price has risen 13 percent in early trading following confirmation the company is in advanced discussions with Canadian private equity firm Onex Corporation over the sale of its hybrid fronting business Accredited.
Corvus expands capacity partnership with Travelers to US productsCyber MGA Corvus Insurance has expanded its relationship with Travelers to US products, adding to its existing arrangement in the continental European market.
AmTrust unveils new admitted lawyers PL programAmTrust Financial Services’ AmTrust PRO unit has brought a new admitted lawyers professional liability policy targeted at mid-sized law firms to market, with the offering also available on an E&S basis if needed.
NIP’s TreePro raises excess liability limits to $25mn to better support utility arboristsNIP Group’s TreePro Insurance has raised its excess capacity limit offer to $25mn and introduced specialised wildfire liability protection, in response to the emerging risks facing arborists working for utility companies.
One80 discontinues AVERT Commercial Trucking program as part of optimisation strategyOne80 Intermediaries is discontinuing its AVERT Commercial Trucking offering as part of a strategy to optimise and consolidate its expansive portfolio in the broader transportation segment, following its recent acquisition of GMI Insurance, Program Manager can reveal.
Fortegra making property play to take advantage of hard marketFortegra is leaning more into the commercial property market, with the programs-focused carrier’s president and CEO Rick Kahlbaugh declaring it would be “unwise” for an insurer not to make a play in the fast-hardening sector.
Cowbell launches SME cyber product in UK and hires Aston Lark’s AleppoCyber specialist Cowbell has launched a new UK-based program called Prime One targeting SMEs and the middle market and announced the hire of former Howden and Aston Lark executive Catherine Aleppo as its new UK sales director.
Blenheim’s MGA arm launches FL division VerdeWhite Bear Managers – the MGA arm of Lloyd’s insurer Blenheim – has launched a financial lines division named Verde, The Insurer can reveal.
Zurich NA names Cittadino as programs head as Olson retiresZurich North America veteran Denise Olson is retiring from the business with Eric Cittadino stepping up and succeeding her as the company’s head of programs.
NOW to unveil new med mal products after securing Arch investment and capacityNOW Insurance is poised to bring a suite of surplus lines medical malpractice-related products to market in the coming months after the insurtech MGA welcomed new investment from an Arch Capital subsidiary while also agreeing a capacity deal with Arch Insurance North America.
Berkley Select unveils legal aid-focused ML and PL offeringBerkley Select has developed a new management and professional liability-focused product catering to organizations offering legal aid services, with the offering underwritten on the AM Best A+ rated capacity of its parent WR Berkley.
Neptune adds six programs with Axa XL, Transverse and Lloyd’s at carrier/reinsurer renewalsNeptune Flood at its 2023-24 carrier programs and reinsurance renewals added six unique programs with Axa XL, MS Transverse and Lloyd’s that provide over $100mn in additional premium capacity.
QBE unveils new medical stop-loss group captive offering AgoraQBE North America has brought to market a medical stop loss-focused group captive program targeted at organizations with at least 50 employees.
Incline working on E&S acquisition as it looks to launch ILS fundHybrid fronting carrier Incline P&C Group is acquiring a platform to help fuel its E&S ambitions in a move expected to also spur its support of insurtech MGAs, while the business is also establishing an ILS vehicle allowing investors to have a set participation across the programs it backs.
Ingreys linked with Bain backing for start-up carrier aimed at strategic MGA relationshipsSpinnaker founders Dave and Ken Ingrey are working on a new carrier platform that is expected to provide hybrid fronting capabilities along with a reinsurance capacity element and will look to enter strategic partnerships with MGA platforms and aggregators, The Insurer can reveal.