DOXA Enters the Entertainment & Sports Markets with New Acquisition

DOXA enters rental market with MGA acquisition

DOXA Insurance Holdings today announces the acquisition of R.V. Nuccio & Associates (RVNA), a managing general agent (MGA) providing event related coverage for the entertainment, sports, leisure, recreation and non-profit sectors.

Revenues Earned Globally by MGAs, MGUs, and Coverholders Grew by Around 19%

Social inflation and insurance rates

According to an updated ranking and analysis completed by Insuramore, the value of revenues earned worldwide by MGA, MGU and coverholder groups was about $17.3 billion in 2022, signifying annual growth in this sector of around 19% before adjusting for inflation.