Reinsurance Month 2021

Paragon to enter E&S casualty market with new unit led by Koller

Expansive MGA platform Paragon Insurance Holdings is continuing its push into the E&S market with the hire of AmTrust’s head of North American E&S Duffy Koller to launch a primary and excess casualty business, The Insurer can reveal.

Alternative risk transfer MGA USQRisk launches London platform

US-based alternative risk transfer MGA USQRisk has launched a London platform, with former QBE executive David Hall as UK CEO, Allianz’s Jonathan Richardson joining as UK CUO and Hall’s former QBE colleague Tony Harrington-Jones as UK COO and head of business development, The Insurer can reveal.

Joyn to launch excess liability next after GL roll-out with RenRe-led panel

SME-focused US insurtech Joyn Insurance has officially begun underwriting its E&S general liability offering on SiriusPoint paper with a panel of reinsurers led by RenaissanceRe and is aiming to add excess liability coverage from 1 December, The Insurer understands.

Transverse: Pipeline going into 2022 is “very robust”

Transverse CEO Erik Matson highlights a strong pipeline of opportunities ahead for the hybrid fronting carrier.

Esser engages Macquarie to advise on dedicated MGA insurer start-up V Cap

Former Cooper Gay CEO and industry entrepreneur Toby Esser is in talks with potential investors to finance a new rated insurer that will partner specifically with top-quartile MGAs, The Insurer can reveal.

Clear Blue pulls sales process as PE bids fall short of expectations

Clear Blue and its majority owner Pine Brook have cancelled the Evercore-run sales process for the hybrid fronting carrier after final bids from private equity firms didn’t match expectations based on its growth trajectory, The Insurer can reveal.