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.
Tag: MGA
Velocity Risk to Exit the Homeowners Insurance Market
Velocity Risk Underwriters, the catastrophe exposed property insurance specialist managing general agency (MGA) operation, is set to exit the homeowners insurance marketplace.
USQRisk Appoints Seasoned Actuary to Grow U.S. Alternative Risk Transfer Business
USQRisk, the international managing general agent specializing in alternative risk transfer solutions, today welcomes Alex Chen as Head of U.S. Pricing and Senior Underwriter.
AIG Forms Private Client Select Insurance Services, An Independent MGA
American International Group today announced that it has finalized its agreement with funds managed by Stone Point Capital LLC to form Private Client Select Insurance Services, an independent Managing General Agency to serve High Net Worth and Ultra High Net Worth markets.
Risk Placement Services Launches New Artisan Contractors Product with Markel®
E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched a new Artisan Contractors insurance product with Markel, a global specialty insurance provider.
Origin Specialty Underwriters Announces Executive Transitions and Appointments
Origin Specialty Underwriters, a leading national MGA in the restaurant and hospitality space and member company of the Beyond Risk group of companies, announced today the following transitions and appointments in its executive management team:
The Rise of MGAs Starting Their Own Insurance Companies
Fueled by COVID, hard market, tech, and unpredictable climate events, the insurance industry was already undergoing significant changes, and now we witness MGAs starting their own insurance companies and buying out existing brokers.
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.
ReSource Pro Buys Software Solutions Company MIS Insurance Services
ReSource Pro, a market leader in business process solutions for the insurance industry, announced today the acquisition of MIS Insurance Services LLC, a customized software solutions company that offers a comprehensive suite of web-based services to the commercial P&C insurance market. MIS is the latest acquisition in ReSource Pro’s strategy to expand offerings and opportunities… Continue reading ReSource Pro Buys Software Solutions Company MIS Insurance Services
USQRisk Welcomes Lael Chappell to Advance MGA Accelerator
USQRisk, the international managing general agent focused on alternative risk transfer solutions, has named Lael Chappell the chief marketing and business development officer of Desq. Prior to joining USQRisk, Chappell served as director of insurance distribution for Attune Insurance, now Coalition Inc. With expertise spanning across the insurance distribution line, Chappell’s experience underwriting, leveraging strategic partnerships,… Continue reading USQRisk Welcomes Lael Chappell to Advance MGA Accelerator