Managing general agents (MGAs)
Ian Barclay leaves Ardonagh
Ian Barclay, managing director of Geo Agriculture, has left Ardonagh.
NBS acquires Capital Markets Underwriting
NBS Underwriting has acquired Capital Markets Underwriting, an independent underwriting agency and Lloyd’s coverholder.
Zurich exits regional and national broker personal lines channels
Zurich UK has today announced plans to refocus its personal lines home and motor business to concentrate on high net worth through Zurich Private Clients, alongside its MGA and partnership channels.
MGA stops underwriting and passes book to broker
Centrix Underwriting Management Ltd is passing its customers and renewals over to a broker, Insurance Age understands.
Clear buys One Commercial Specialty from Bspoke
Clear Group has continued its push into the managing general agents sector buying One Commercial Specialty from Bspoke.
MGA Inperio launches new PI product for surveyors
Managing general agent Inperio has launched a new product for surveyors, Insurance Age can reveal.
MGAs fear regulatory scrutiny will deter new entrants and diversification
Nine in 10 managing general agents believe that regulatory scrutiny will increase over the coming year, potentially deterring more entrants into the space.
Brokers warn insurers they risk losing more business to MGAs
Mainstream insurers need to heed the lessons of the post pandemic decline in service or face losing more market share to managing general agents.
Capacity provider Accredited backs MGA home specialist
Accredited Insurance (Europe) has backed managing general agent Integra Insurance Solutions with fresh capacity.
Clear Group strikes first MGA deal
The Clear Group has acquired a 50% shareholding in Thomond Underwriting based in the Republic of Ireland and Northern Ireland, the broker’s first MGA deal.
Up-for-sale capacity provider Accredited’s profits soar despite group loss
Accredited, one of the major capacity providers to managing general agents in the UK, has reported a 76% rise in gross written premium to $1.8bn (£1.4bn) in 2022.
MGA backer Accelerant Insurance Europe’s GWP soars to €662m
Accelerant Insurance Europe’s gross written premium tripled in 2022, according to regulatory filings.
Meet the MGA: Inperio
After applying for a holiday job, Inperio director Simon Lovat began a career in insurance and rose through the ranks of the industry. He now runs a successful managing general agency and a number of businesses that sit alongside it. He gives his tips on…
Meet the MGA: Burns & Wilcox UK
Stuart Kilpatrick, managing director, Burns & Wilcox UK explains how creating an empowering environment and building long-term relationships with partners have been key to its success
Insurtech Lumun pivots to becoming broker and MGA
Insurtech Lumun has pivoted to starting up as a broker and managing general agent specialising in non-standard motor.
Editor’s letter: Cash flow underwriting – stupidity over substance?
Having written about insurance for more than 25 years, I have learned that many things related to the sector are cyclical.
Buyers circle up-for-sale UK motor capacity provider Accredited
Accredited is in a sale process with a number of buyers interested in purchasing the business, owner R&Q has confirmed.
New MGA Capacity Insights targets travel and consumer markets
Managing general agent Capacity Insights has launched in the UK accident and health insurance market with a particular focus on travel, health, dental and personal accident schemes.
Jensten Underwriting launches technology product
Jensten Underwriting has partnered with Hiscox to launch a product for brokers working with the technology sector.
MGA Landmark Underwriting enters property market
Landmark Underwriting has secured a property binding authority with AmTrust International for excess insurance and reinsurance business.
Verisk targets brokers and MGAs with Morning Data buy
Global data analytics and technology provider Verisk has bought Morning Data, a supplier of software to brokers and managing general agents in London and across the world.
Qlaims inks multi-year deal with Prestige Underwriting
Qlaims has signed a multiyear contract to include its cover in the Prestige Underwriting Coverall household policy, Insurance Age can reveal.
MGA criticises minimum GWP commitments as broker trading ‘barriers’
NBS Underwriting has said minimum gross written premium commitments ‘place barriers’ in trading and make life ‘difficult’ for brokers, and vowed not to use them.
GRP owner Brown & Brown buys Nexus and Xenia owner Kentro
US giant Brown & Brown has signed up to buy Kentro Capital, which includes Nexus Underwriting and Xenia Broking, in a deal expected to close in the fourth quarter.