Velocity HoldCo., LLC, the holding company for Velocity Risk Underwriters, LLC (“Velocity Risk”), a tech-enabled E&S specialty property insurance managing general agent and Velocity Claims LLC, a leading claims management service, is expanding its business to now include a rated E&S insurance carrier licensed in all 50 states.
Tag: Managing General Agency
Verisk Acquires Morning Data to Support Digital Transformation of International Broker and MGA Market
Verisk has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents in London and across the globe.
USG Announces New Brokerage Division with Mitchel Zelman as National Director
USG Insurance Services, Inc., a national wholesaler and MGA, announced the expansion of operations with the launch of the Brokerage Division.
Howden RE and TigerRisk to Create Largest Gobal MGA Business
Howden RE and TigerRisk Partners (“TigerRisk”) today announced the creation of a new group, Howden Tiger SabRE (“SabRE”), comprising the existing global MGA and Programme capabilities of Howden RE and TigerRisk. SabRE will be in place following the completion of Howden Group Holdings’ (“Howden”) acquisition of TigerRisk, which is expected to close in Q1 2023,… Continue reading Howden RE and TigerRisk to Create Largest Gobal MGA Business
Amwins Completes Transaction to Acquire General Agency MTDA
Amwins, a global distributor of specialty insurance products and services, today announced the acquisition of CBIZ M.T. Donahoe & Associates, LLC, (“MTDA”), a Maryland-based General Agent specializing in employee and individual benefits and services. “We’re excited to welcome Mike and the entire MTDA team to the Amwins family,” said Becky Patel, CEO of Amwins Connect.… Continue reading Amwins Completes Transaction to Acquire General Agency MTDA
Arthur J. Gallagher & Co. Acquires MGA Hanover Excess & Surplus, Inc.
Arthur J. Gallagher & Co. today announced the acquisition of Wilmington, N.C.-based Hanover Excess & Surplus, Inc. Terms of the transaction were not disclosed. Established in 1970, Hanover Excess & Surplus is a regional managing general agency offering hard-to-place coastal commercial and personal property/casualty coverages, as well as professional liability coverages, to clients across North… Continue reading Arthur J. Gallagher & Co. Acquires MGA Hanover Excess & Surplus, Inc.
Monarch E&S Insurance Services Expands Geographic Reach & Announces Brand Refresh
Monarch E&S Insurance Services (Monarch), a division of SPG Insurance Solutions, a leading, full service MGA and wholesale broker today announced a refresh of its core brand. To highlight the evolution of Monarch, the rebrand elevates the focus on the company’s growing geographic reach while preserving their core values. The brand refresh coincides with Monarch’s… Continue reading Monarch E&S Insurance Services Expands Geographic Reach & Announces Brand Refresh
U.S. Risk Acquires Regency Insurance Brokerage Services
U.S. Risk, LLC, a top ten Property & Casualty wholesaler and MGA, announced on Tuesday its acquisition of Regency Insurance Brokerage Services, a wholesale broker and MGA headquartered in Hallandale, Florida, with additional locations in New York, New Jersey and South Carolina. The Regency team will join U.S. Risk Brokers, the wholesale brokerage division of… Continue reading U.S. Risk Acquires Regency Insurance Brokerage Services