MGAs/MGUs | Insurance Insider US

The MGA can offer AI liability limits up to $8.5mn for US companies.

The move comes after the sale of Dual’s crisis management division.

The MGA is looking to drive its commercial strategy across the globe.

It is understood that the MGA will use AI to try to identify claims patterns and litigation outcomes.

This program is designed to provide insurance for small contractors.

The MGA’s property team buildout was led by Clif Hope, former Lexington head of property.

The capacity backs the reinsurance underwriter to cover international risks outside the US.

Upon closing, the unit will be renamed First Product Protection.

The sale will see a transfer of renewal rights and the product recall team.

Risk and commission conflicts in quota share agreements push deals further from either party’s interests.

The MGA platform has launched more than 20 new vehicles since 2021.

eMaxx Reciprocal Insurance Exchange will write commercial P&C as an insurer and reinsurer.

The driving forces which underpinned the boom in the MGA market all look markedly different from three years ago.

Oliphant was the president of the property division for Core Specialty for five years.

Syndicate 3705 adds to the MGA’s roster of capacity providers.

The program complements the MGA’s middle-market offerings.

The independent MGU was spun out of AIG in 2023.

The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.

This publication exclusively revealed the $1bn deal last November.

The underwriting unit has also rebranded D&O specialist Leopanthera.

The facility has expanded to cover construction and renewable energy risks.

Justin Camara was EVP and portfolio director for financial and professional liability.

A district court judge had dismissed the case in September, with prejudice.

A memo to staff said the executive will be “pursuing new opportunities outside of our company”.