Nationwide E&S backs new Euclid life sciences MGA for September startEuclid Insurance Services (EIS) has secured capacity from US insurance giant Nationwide E&S for a new MGA specializing in product and professional liability for the life science industry led by former CNA executive Ryann Elliott, The Insurer can reveal.
Mathis leaves Blue River for K2’s Vikco MGASpecialty property executive Jared Mathis has left Breckenridge’s Blue River Underwriters platform for expansive K2-owned MGA Vikco Insurance Services, The Insurer can reveal.
Specialty Program Group buys The Mechanic GroupHub International’s expansive program underwriting platform has added another MGA to its stable with a deal to buy security insurance specialist The Mechanic Group (TMG).
Industry veterans raise $67mn to build program platformChris McClellan, Mike Toole and Tony Urban are launching Austin, Texas-based Incline Insurance Group to build out a US program carrier platform, The Insurer can reveal.
Topsail Re pushes past $100mn in written premiumCayman Islands start-up reinsurer Topsail Re is on track to write in excess of $100mn of premium in 2019 through business onboarded in its first six months of operating as it looks to take advantage of improving pricing and terms to build out its portfolio of business, The Insurer can reveal.
Workers comp specialist Benchmark working with KBW on potential saleThe parent of US workers compensation program carrier Benchmark Insurance Company has retained investment bank KBW for a potential sale process, The Insurer can reveal.
Goldman Sachs and TPG to offer shares in ProSight IPOUS program insurer ProSight Global last week filed an S-1 with the SEC ahead of a potential IPO on the New York Stock Exchange.
Program/MGA trio leave JLT Re for BMSJohn Speckman, Desmond Bohan and Greg Alberti are the latest former JLT Re executives to join BMS in the US, The Insurer can reveal.
Glatfelter to transfer $450mn book to AIG paper by 1.1Program manager Glatfelter is in the process of transitioning the portfolio of business it currently writes on Munich Re paper to the balance sheet of its new owner AIG by 1 January 2020, The Insurer can reveal.
Everest and All Risks expand workers comp offering for marinersEverest Insurance has teamed up with All Risks to expand their workers compensation offering for the marine industry.
Alternative Markets head Putz exits Zurich NAZurich North America has parted company with the head of its Alternative Markets division David Putz, The Insurer can reveal.
Risk Strategies to consolidate and build wholesale platform under PowerFast-growing US broker Risk Strategies is looking to consolidate its existing network of specialty intermediaries into a single wholesale platform and build it out organically and through M&A under new divisional head Matt Power, The Insurer can reveal.
NTA expected to significantly expand MS Amlin-led trucking quota shareUS specialty MGA NTA General Insurance Agency is expected to seek significant profitable growth on the trucking liability program it reinsures through a State National-fronted 100 percent quota share, The Insurer can reveal.
Goldstein to launch insurance platform with PE backingFormer Integro CEO Bill Goldstein is working on a new insurance platform with RedBird Capital Partners, the private equity hybrid investment firm that has a funding commitment from Ontario Teachers, The Insurer can reveal.
AmWINS to strengthen insurer relationships on MGA platformAmWINS is looking to build broader strategic relationships across its $2bn+ underwriting platform as it encourages more of a portfolio-based approach with fewer, large capacity providers supporting its in-house programs, The Insurer can reveal.
Lee Equity Partners is frontrunner in K2 sales processPE firm Lee Equity Partners (LEP) has emerged as a frontrunner to buy US program manager and MGA K2 Insurance Services, The Insurer can reveal.
Axon Re formed to offer LatAm cargo and stock throughput reinsuranceSpecialty program administrator Axon Underwriting Services has formed Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American region.
NSM targets further 2019 acquisitions to grow premium beyond $1bnWhite Mountains-owned full service MGU and program administrator NSM is expected to add to its Embrace Pet Insurance acquisition in the coming months, as it continues to execute its specialty niche roll-up strategy through a strong pipeline of bolt-on transactions.
Jewett raising funds for $100mn fronting start-upFormer Endurance Specialty president Bill Jewett is in late stage discussions with investors as he looks to raise around $100mn of capital for a program fronting start-up called Obsidian Specialty, The Insurer can reveal.