Gridiron Insurance Underwriters and Signature Risk Partners Inc. are pleased to announce the formation and launch of a new specialized Managing General Underwriter (MGU) called Signature Specialty, LP.
Tag: MGU
Convelo Insurance Group Hires Andrew Borst as President
Convelo Insurance Group, a national managing general underwriter specializing in unique insurance products for niche insurance segments and a division of Signers National, announces the hiring of Andrew “Andy” Borst as the organization’s new president effective immediately.
WTW Launches MGU Verita
WTW launched independently staffed and operated managing general underwriter Verita.
MGU Victor Rolls Out Reciprocal Insurance Exchange for Property Cat Offerings
Global managing general underwriter Victor Insurance Managers has announced the introduction of a third-party capitalized reciprocal insurance exchange.
Revenues Earned Globally by MGAs, MGUs, and Coverholders Grew by Around 19%
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.
ATS Underwriting Chooses Gradient AI to Expand Medical Stop Loss Insurance Business
Gradient AI today announced that ATS Underwriting, a privately held, full-service managing general underwriter specializing in Medical Stop Loss insurance, has adopted Gradient AI’s SAIL™ Solution to enhance its underwriting processes within the small group transitional market.
Fidelis to Separate its Business to Create New Managing General Underwriter
Fidelis Insurance Holdings Limited is pleased to announce its intention to create a new Managing General Underwriter which, subject to regulatory approval, will be separated from the existing balance sheet insurance companies. This new structure will allow each entity to focus on its core functions and specialisms, and provide clients, brokers and other stakeholders with… Continue reading Fidelis to Separate its Business to Create New Managing General Underwriter
Victor Enters Reinsurance Market with Acquisition of Regional Treaty Services Corporation
With the acquisition of Regional Treaty Services Corporation (RTSC), a privately held reinsurance MGU based in Newport, Rhode Island, Victor, a global managing general underwriter (MGU), has entered the reinsurance market. RTSC, founded in 2003, is a licensed reinsurance producer that acts as a managing general agent (MGA) for three reinsurance facilities for small to… Continue reading Victor Enters Reinsurance Market with Acquisition of Regional Treaty Services Corporation
Ryan Specialty Announces Launch of Initial Public Offering
Ryan Specialty Group Holdings, Inc. announced the launch of its initial public offering of its Class A common stock. Ryan Specialty is offering 56,918,278 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (“SEC”). The initial public offering price is expected to… Continue reading Ryan Specialty Announces Launch of Initial Public Offering
Ryan Specialty Group Files for a $100 Million IPO
Ryan Specialty Group (RSG), a wholesale specialty insurance brokerage providing MGU and other services, filed on Monday with the SEC to raise up to $100 million in an initial public offering. Ryan Specialty Group provides specialty insurance solutions for brokers, agents, and carriers. For retail insurance brokers, it assists in the placement of complex or… Continue reading Ryan Specialty Group Files for a $100 Million IPO