January 22, 2025
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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.
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The MGA is looking to drive its commercial strategy across the globe.
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It is understood that the MGA will use AI to try to identify claims patterns and litigation outcomes.
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This program is designed to provide insurance for small contractors.
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The MGA’s property team buildout was led by Clif Hope, former Lexington head of property.
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The capacity backs the reinsurance underwriter to cover international risks outside the US.
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Upon closing, the unit will be renamed First Product Protection.
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The sale will see a transfer of renewal rights and the product recall team.
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Risk and commission conflicts in quota share agreements push deals further from either party’s interests.
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The MGA platform has launched more than 20 new vehicles since 2021.
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eMaxx Reciprocal Insurance Exchange will write commercial P&C as an insurer and reinsurer.
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The driving forces which underpinned the boom in the MGA market all look markedly different from three years ago.
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Oliphant was the president of the property division for Core Specialty for five years.
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Syndicate 3705 adds to the MGA’s roster of capacity providers.
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The program complements the MGA’s middle-market offerings.
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The independent MGU was spun out of AIG in 2023.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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This publication exclusively revealed the $1bn deal last November.
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The underwriting unit has also rebranded D&O specialist Leopanthera.
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The facility has expanded to cover construction and renewable energy risks.
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Justin Camara was EVP and portfolio director for financial and professional liability.
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A district court judge had dismissed the case in September, with prejudice.
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A memo to staff said the executive will be “pursuing new opportunities outside of our company”.
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The change was made on December 2 and was effective immediately.
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Canopius will continue to be one of several capacity providers to the MGA.
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MGAs going public is now a viable option, but dominating a market comes first.
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Highly concentrated, overly leveraged fronts could repeat the Unicover-Reliance story.
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The executive said maintaining capacity is the main challenge in a soft market.
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Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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The MGA said payments to affected customers began shortly after the event.
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Insurance Insider US reviews Euclid’s process and recent events in US MGA and retail broking.
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The executive will report to Katalyx president and CEO Praveen Reddy.
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The executives are based in Seattle and New York.
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The London-based MGA will begin underwriting its international book next month.
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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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