Argyle gets Mitsui Sumitomo capacity for Australia SME programInsurtech MGU Argyle Insurance has agreed a multi-year capacity agreement with Mitsui Sumitomo Insurance Co to write a portfolio of coverage targeted at SMEs in Australia.
K2’s Aegis General launches Hirsch-led private company mgmt liability programK2-owned Aegis General Insurance has launched a new US private company management liability program led by former Scale Underwriting executive Jeff Hirsch and offering D&O, EPL and fiduciary liability coverage, Program Manager can reveal.
Swiss Re CorSo turnaround largely complete as it eyes ART and intl programs growthSwiss Re Corporate Solutions’ turnaround is largely complete with the company positioned for growth across much of its portfolio and a particular emphasis on further expansion in the alternative risk transfer (ART) and international programs segments, CEO Ivan Gonzalez has told The Insurer.
K&K gets Markel capacity for new DICE media production programAon’s K&K Insurance Group has secured capacity support from Markel Group for a new film and media production insurance program.
Procore puts short-lived programs and broking platform into run-offProcore Technologies has placed its program and retail broking operations into run-off after they failed to reach sufficient scale, although the construction-focused platform remains committed to providing insights and data to the insurance industry, Program Manager can reveal.
No slowdown in sightWelcome to a bumper issue of Program Manager, packed to the rafters with exclusive content, interviews and, of course, updates from the Target Markets Program Administrators Association Annual Summit, which took place last week.
Specialty admitted market helps drive programs growth at Brown & BrownAfter Brown & Brown’s programs business delivered 22.8 percent organic growth in Q3, the firm’s president and CEO J Powell Brown said the unit will continue to be a strong contributor of revenue expansion as it attracts underwriting talent from carriers and rivals.
Platinum’s ISC gets Obsidian capacity for new HNOA programPlatinum Specialty Underwriters’ IPC division has inked a capacity partnership with Obsidian to support a new hired and non-owned auto insurance program, which is available in every state, bar Florida, Louisiana and New Jersey.
Brownyard gets Hudson capacity for Foundation product recall endorsementBrownyard Group has secured capacity support from Hudson Insurance Group for a new optional coverage endorsement to its general liability policy for its cosmetics industry-focused program Foundation.
Pivix secures Canopius capacity for E&S P&C contract binding programStart-up MGA Pivix Specialty Insurance Services has secured capacity support from Canopius US Insurance to underwrite an E&S property and casualty contract binding program.
The risk selection differentiatorFresh from launching an E&S habitational program alongside its established admitted offerings, Honeycomb is looking to translate its low loss ratio built on data-driven risk selection to other areas, according to founder Itai Ben-Zaken.
RedBird-backed Bishop Street working on pipeline of M&A and start-up MGAsBishop Street Underwriters has a pipeline of M&A deals and de novo MGAs in the works as it targets entrepreneurial talent for the rapid buildout of its platform with the support of private equity backer RedBird Capital, Program Manager understands.
Programs an integral part of Munich Re Specialty buildoutMunich Re’s recent move to bring its global specialty operations under one brand has reinforced the company’s commitment to the sector, with the firm poised to make further investments in its programs offering as it targets greater returns and growth in the segment, Kevin Johnson has told Program Manager.
Casualty concerns, property trajectory and talent influx among top TM topicsContinuing casualty concerns and the potential for a stabilization or even rehardening of the property market in the wake of Hurricanes Helene and Milton will be top of mind as attendees arrive in Scottsdale for the Target Markets Program Administrators Association’s Annual Summit.
Aurenity hits $100mn of in-force premium and eyes further portfolio diversificationAurenity has surpassed $100mn of in-force premium across its four programs in the casualty space and is considering adding to its product suite in short-tail lines including property as well as targeted areas of professional liability, Program Manager can reveal.
Gillingham: Record TMPAA attendance “speaks very highly” of programs marketMore than 1,600 delegates are registered for this year’s Target Markets Program Administrators Association Annual Summit, with the record attendance highlighting the ongoing strength of the specialist market the event serves, according to Tom Gillingham.
Doxa’s Chatham gets C&F capacity for new medical XoL programDoxa Insurance’s Chatham Insurance Services has secured capacity from Crum & Forster subsidiary United States Fire Insurance Company to underwrite a new excess of loss coverage designed to help ease the financial volatility caused by catastrophic medical claims.
The Mechanic Group partners with Palomar for security alarm and investigator programThe Mechanic Group, a division of Hub’s Specialty Program Group, has partnered with Palomar Excess and Surplus Insurance Company to enhance its "best in class" security alarm and investigator program.
Program Plus and IRM switch preferred hab program capacity provider to AscotOne80 Intermediaries’ Programs Plus and Innovative Risk Management have switched the capacity provider supporting their preferred habitational program from Argo’s Colony Insurance Company to Ascot Specialty Insurance Company.
Sands Point Risk inks joint venture with NCC to launch multi-line construction platformAvesi Partners-backed MGA platform Sands Point Risk is preparing the launch of a new contractors program in partnership with independent wholesaler National Coverage Corporation (NCC) that aims to be online by year-end or sooner, The Insurer can reveal.