Allied World takes Markel’s Leeret to head programsAllied World has hired Stephen Leeret to run its US programs business after taking the executive from Markel, The Insurer can reveal.
IAT Re execs Mattox and Baker leaveIAT Reinsurance Company managing directors Peter Mattox and Steven Baker have both left the assumed reinsurance arm of the US specialty insurer, The Insurer can reveal.
Transverse adding new programs despite uncertain environmentProgram fronting start-up Transverse says it is actively signing up new programs despite an uncertain environment in the industry and beyond as it welcomed the receipt of an AM Best A- rating for its new E&S carrier.
XPT takes GWP to $250mn with LP Risk acquisitionBP Marsh-backed specialty insurance distribution platform XPT Group has completed its sixth investment with a deal to buy MGA and wholesale broker LP Risk, The Insurer can reveal.
Renvyle joins Sutton National as CUOFormer regional president at The Hanover Russell Renvyle will re-emerge at program carrier start-up Sutton National, The Insurer can reveal.
The Hanover hires AmWINS exec as industrial property headJames Kelley has been appointed president of Hanover Specialty Industrial Property, joining from AmWINS.
Obsidian secures A- rating and completes $100mn Genstar fundraiseObsidian has been assigned an AM Best A- rating after the Bill Jewett-led hybrid program fronting start-up completed its estimated $100mn capital raise from private equity firm Genstar.
K2 names former Victor executive Smith as presidentMark Smith, most recently chief underwriting officer at Marsh-owned MGU Victor US, has joined expansive MGA and program manager K2 Insurance Services as president.
Renvyle leaves The Hanover’s program platformRegional president Russell Renvyle has left The Hanover’s program division AIX in the latest in a series of departures from the insurer’s specialty business, The Insurer can reveal.
Nationwide and Generali tap $33bn program market with N2G launchUS carrier Nationwide and Italian insurance giant Generali have teamed up and launched a New Jersey-based joint venture to underwrite multinational program insurance for international commercial risks.
Clear Blue not for sale despite approachesPine Brook is not looking for an imminent exit from Clear Blue despite speculation about a number of recent approaches for the fast-growing fronting specialist, The Insurer can reveal.
Euclid Transactional announces underwriting promotionsM&A managing general agent Euclid Transactional has made a quartet of promotions within its North American underwriting team.
Start-up Obsidian buys admitted platform from The Doctors CompanyBill Jewett’s hybrid program fronting start-up has secured an admitted platform with the acquisition of a shell company from The Doctors Company ahead of an expected launch next month, The Insurer can reveal.
Hilltop to sell National Lloyds to Align for $150mnHilltop Holdings has agreed a deal to sell its specialty property carrier National Lloyds Corp to private equity-backed program and MGA platform Align Financial Holdings for $150mn.
Transverse adds E&S platform with Arrowood acquisitionProgram fronting start-up Transverse Insurance Group has secured an E&S platform with the acquisition of Arrowood Surplus Lines Insurance Company (ASLIC) as it builds out its operation in the US.
Meek’s Homesite enters strategic partnership with K2K2 Insurance Services subsidiary Aegis General Insurance Agency has signed up to a strategic partnership with the recently launched program business unit of Homesite Insurance Group (HIG) led by former Allied World executive Grace Meek.
Denali Specialty hires Senger to head delegated authorities unitStart-up MGA and wholesale brokerage platform Denali Specialty Group has hired former Breckenridge Insurance Services executive Kerri Senger as president of its delegated authorities practice, The Insurer can reveal.
Haverstick joins program start-up Sutton National as CEOShane Haverstick has re-emerged in the market as CEO of proposed program carrier start-up Sutton National Insurance Company (SNIC), The Insurer can reveal.
Atlas and 777 war of words intensifies in lawsuit over failed program partnershipA Florida state court judge will soon decide whether to allow a lawsuit to proceed that resulted from a failed attempt by 777 Partners and program administrator Atlas General to launch an insurer together.
Paragon gets injunction as Allied World program dispute heads to arbitrationA judge in a lawsuit between Paragon Insurance Holdings and Allied World over a wineries and breweries program has granted the MGA an injunction and compelled the dispute to arbitration.