Lloyd’s to be more discerning about coverholders as it rebalances US businessLloyd’s will put the market’s US coverholder book under much closer scrutiny as it looks to better identify strong delegated authority underwriters and push away underperformers, according to CEO John Neal.
Tokio Marine pays up for Pure growth trajectory and fee-based incomeTokio Marine’s agreed $3.1bn acquisition of high net worth (HNW) specialist Pure expands the Japanese giant’s US specialty primary insurance business and taps into stable fee-based income in a fast-growing marketplace.
XPT secures Watford backing for new Platinum Trucking programExpansive specialty insurance distribution platform XPT Group has launched a new trucking program through its WE Love & Associates subsidiary with A- paper from Watford Insurance Company.
Transverse gets A- financial strength ratingProgram start-up Transverse Insurance Company has secured an A- financial strength rating from AM Best as it gets ready to write its first deals.
Programs exec Meek leaves Allied World for HomesiteGrace Meek has left Allied World to build out a new program platform at US carrier Homesite Insurance, The Insurer can reveal.
Ryan Specialty Group to acquire The SuitelifeExpansive managing general agency Ryan Specialty Group (RSG) has agreed to acquire the assets and operations of US programme manager The Suitelife (Suitelife).
Eichhorn launches MGA and wholesaler Denali SpecialtyFormer Keating and Breckenridge executive Michael Eichhorn has launched a new MGA and wholesale brokerage platform called Denali Specialty Group, The Insurer can reveal.
JenCap to buy program platform AranExpansive Carlyle-backed wholesale consolidator JenCap Holdings has agreed a deal to buy specialty program administrator Aran Insurance Services Group.
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.
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.
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.
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.