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.
Accredited enters trucking program deal with Whitehill-BrazosR&Q subsidiary Accredited Surety and Casualty Company (Accredited) has inked a deal with Brazos Specialty Risk to become an issuing carrier for its trucking division, called Whitehill.
US program sector event Target Markets cancels mid-year gatheringTarget Markets Program Administrators Association (TMPAA) has followed RIMS in cancelling its mid-year meeting in early May in response to the deepening Coronavirus crisis.
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.
Breckenridge names DiCapua Blue River presidentBreckenridge Insurance Group has named Dennis DiCapua as replacement for Stephen Kelley as president of its program division Blue River Underwriters.
Nationwide and Generali tap $33bn program market with N2G launchUS carrier Nationwide and Italian insurance giant Generali have teamed up and launched a New Jersey-based joint venture to underwrite multinational program insurance for international commercial risks.
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.
Euclid Transactional announces underwriting promotionsM&A managing general agent Euclid Transactional has made a quartet of promotions within its North American underwriting team.
Start-up Obsidian buys admitted platform from The Doctors CompanyBill Jewett’s hybrid program fronting start-up has secured an admitted platform with the acquisition of a shell company from The Doctors Company ahead of an expected launch next month, The Insurer can reveal.
Hilltop to sell National Lloyds to Align for $150mnHilltop Holdings has agreed a deal to sell its specialty property carrier National Lloyds Corp to private equity-backed program and MGA platform Align Financial Holdings for $150mn.
Transverse adds E&S platform with Arrowood acquisitionProgram fronting start-up Transverse Insurance Group has secured an E&S platform with the acquisition of Arrowood Surplus Lines Insurance Company (ASLIC) as it builds out its operation in the US.
Meek’s Homesite enters strategic partnership with K2K2 Insurance Services subsidiary Aegis General Insurance Agency has signed up to a strategic partnership with the recently launched program business unit of Homesite Insurance Group (HIG) led by former Allied World executive Grace Meek.
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.
Balance Partners to add further programs and underwriters in 2020Start-up US specialty lines MGA platform Balance Partners added four new programs in its first year of operations and is targeting a further three launches in 2020 as it adds underwriters and specialty offerings, The Insurer can reveal.
Haverstick joins program start-up Sutton National as CEOShane Haverstick has re-emerged in the market as CEO of proposed program carrier start-up Sutton National Insurance Company (SNIC), The Insurer can reveal.
Atlas and 777 war of words intensifies in lawsuit over failed program partnershipA Florida state court judge will soon decide whether to allow a lawsuit to proceed that resulted from a failed attempt by 777 Partners and program administrator Atlas General to launch an insurer together.
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.
Brown & Brown to buy Canadian MGA Special RiskBrown & Brown’s programs platform has agreed a deal to buy Canadian MGA Special Risk Insurance Managers as the US intermediary looks to build its presence north of the border.