Program administrator

One80’s Pesce: Diversified portfolios help PAs navigate softening pressures

As the market transitions from the recent hard phase, MGAs and program administrators that have diversified portfolios are better placed to maintain profitability amid softening rates, according to Chris Pesce, national programs leader at One80.

Doxa’s Promont adds to healthcare capabilities with Pro Liability acquisition

Doxa Insurance’s Promont Insurance Advisors has acquired allied healthcare liability underwriting program manager Pro Liability Group in a deal completed late last month.

Tuckerman launches Lloyd’s capacity backed allied MPL program

Tuckerman Underwriting has secured capacity from Lloyd’s of London to support its new surplus lines allied medical professional liability with commercial general liability program, with the MGA’s latest offering led by new hire Christie Urita.

RedBird-backed Bishop Street linked with Conifer Insurance Services deal

Start-up MGA platform Bishop Street Underwriters has been linked by multiple sources to the recently announced Conifer divestment as the unnamed acquirer of the US carrier's agency business, Program Manager can reveal.

Ryan Specialty closes US Assure and Greenhill acquisitions

Ryan Specialty has completed its previously announced acquisitions of US Assure and Greenhill Underwriting Insurance Services, deals which will significantly bolster the firm’s MGU operations.

Roosevelt Road Specialty adds NSM’s Smyth as Renaissance Specialty CUO

Roosevelt Road Specialty has brought in NSM Insurance Group’s Chris Smyth and appointed the latest addition to its expansive roster as chief underwriting officer for its sports, leisure and entertainment-focused MGU Renaissance Specialty Insurance.

Ryan Specialty could pay up to $1.5bn on “immediately accretive” US Assure deal

Ryan Specialty has paid $1.075bn up front for US Assure, or 12.8x its trailing 12 months Ebitda, with consideration potentially rising to $1.475bn for the builder’s risk specialist in a transaction hailed as the most significant enhancement to its programs business since it acquired All Risks in 2020.

XS Global launches new Dubai-based platform

XS Global has been granted a full licence to begin operating within the Dubai International Finance Centre with the MGA poised to begin offering coverage solutions to clients working within the natural resources sectors.

Conning: US MGA market saw robust 12% growth in 2023

The US MGA sector experienced further “robust growth” in 2023 as direct premiums written in the segment increased 12 percent to $102.1bn, driven by continued hard market conditions and the availability of fronting capacity, the latest data from Conning shows.

Ambac’s Cirrata launches McKeegan-led Tara Hill Insurance Services

Ambac Financial Group’s expansive insurance distribution platform Cirrata Group has launched program administrator Tara Hill Insurance Services, led by former Hallmark Financial underwriting executive Peter McKeegan with a focus on management and professional liability.

Former Everest reinsurance head Doucette joins Amynta

Former Everest Group reinsurance head John Doucette has made his return to the industry after joining MGA platform Amynta Group to spearhead the launch of a new unit called Amynta Risk Solutions.

Jones Birdsong brings in motorsport specialist Mowan from Aon’s K&K

Specialty Program Group’s motorsports-focused Jones Birdsong Insurance Services business has hired Matt Mowan from Aon-owned K&K Insurance Group.

reThought Flood latest addition to AAIS’ partner program cohort

Insurtech MGA reThought Flood has become the latest addition to the American Association of Insurance Services’ partner program, a move which enables the start-up to broaden its reach.

Doxa acquires specialist MGA Renters Legal Liability

Doxa Insurance Holdings has added to its MGA capabilities with the acquisition of Renters Legal Liability, a specialist platform that offers a fully insured and captive program to multifamily owners and managers in all 50 US states.

RB Jones adds to cannabis coverage with new in-transit program

RB Jones has unveiled a new cannabis in-transit program which will be underwritten by HW Kaufman Group-stablemate Atain Insurance Companies.

Roosevelt Road Re and Tradesman file RICO suit over alleged fraudulent WC claims

Roosevelt Road Re and its affiliate Tradesman Program Managers have filed a Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit to recover funds from 46 individuals and companies following an investigation into largely New York-based construction accidents they claim were staged and resulted in unnecessary medical treatments.

Pat Ryan: Castel deal provides platform for international DUA expansion

Ryan Specialty’s acquisition of Castel Underwriting Agencies positions the wholesaler and MGU platform to grow in an international market that is “ripe” for delegated authority expansion, Pat Ryan has told analysts on the firm’s earnings call.

Marine specialist Weiss launches start-up MGA Incarnation Specialty

Marine insurance market veteran and former Munich Re Specialty Group (MRSG) executive Steven Weiss has launched a new MGA called Incarnation Specialty Underwriters.

Renewables MGA kWh Analytics names McLean CUO

Renewable energy-focused MGA kWh Analytics has appointed Isaac McLean as its new chief underwriting officer as the platform readies to bolster its property offering.

Falvey formally announces arrival of new CUO Nasso from Ascot

Falvey Insurance Group has formally announced the hire of Thomas Nasso as its new chief underwriting officer, with the executive having officially started working at the marine-focused MGA on Monday.