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Arch acquiring tech & third-party capital focused MGU Ventus

Arch Insurance North America, a division of insurance and reinsurance specialist Arch Capital Group, has announced that it will acquire the technology and third-party capital focused managing general underwriter Ventus Risk Management.Regular readers will be familiar with Ventus Risk Management, a company focused on sourcing and underwriting property catastrophe and read the full article →

Aurous secures first Lloyd’s binder, backed by Credit Suisse’s Arcus 1856

Aurous Risk Partners, a reinsurance focused managing general agency (MGA) that launched in 2018 with a desire to connect risks with the most suitable capital, has secured its first Lloyd's energy binder that will be backed by capacity from Credit Suisse ILS' Arcus Syndicate 1856.CEO of Aurous Carl Beardmore, who read the full article →

Orchid hires Joe Zuk as the MGA looks to ILS for catastrophe capacity

Orchid Underwriters Agency, LLC, a property catastrophe focused managing general agency (MGA), has hired Joe Zuk, previously of Atlas General Holdings, to the new role of Managing Director of Corporate Development & Strategy.Zuk has significant experience within both the MGA world and gained as a reinsurance broker.His work in recent read the full article →

Agile raises seed capital for D&F start-up to work with ILS capacity

Agile Risk Advisory, the specialist direct & facultative (D&F) property risk underwriting  start-up for the world’s top two thousand global companies and which wants to leverage ILS investors as supporting capacity, has secured seed funding from an established MGA backer.Agile Risk Advisory has secured its seed capital funding from Avantis, a read the full article →

OnRisk & Agile collaborate on technology to structure D&F for ILS

U.S. based insurtech startup OnRisk is collaborating with Agile Risk Partners Limited, a start-up focused on underwriting direct & facultative property risks and channeling them to both traditional and alternative reinsurance capital, to develop structuring technology to support this goal.The pair will work together to develop an advanced, computer-aided design read the full article →

Aurous MGA launches to connect risk with multiple forms of capital

Aurous Risk Partners has been launched as a new reinsurance focused managing general agency (MGA) that aims to maximise efficiencies and premium return, by connecting risks with the most suitable capital, including alternative or capital markets sources.Launched by Carl Beardmore, previously the Group CEO of BMS Group (Minova) and also read the full article →

Real-time portfolio optimisation will transform ILS placements, says Ventus

Using technology to enable real-time portfolio optimisation will transform the way that ILS and traditional reinsurance placements are made, improving costs and efficiencies and allowing capital providers to get closer to the original risk, according to the team at InsurTech MGU Ventus.Ventus was formed in 2016 by George Reeth, Stuart read the full article →

D&F start-up plans to tap ILS market for capacity support

A newly established start-up that will specialise in underwriting direct & facultative (D&F) property risks for the world's top two thousand global companies is aiming to bring ILS investors along for the ride as supporting capacity.Agile Risk Partners Limited has been founded by ex-broker James Poole (previously at Price Forbes read the full article →

Nephila backs Volante, as it aims to be a global MGA for alt capital

ILS fund manager Nephila Capital has made an equity investment in newly launched multi-class and multi-territory managing general agent platform Volante Global Limited (Volante), a firm that has ambitions to help alternative capital investors broaden their reach.Volante has been launched with the ambition of becoming a best-in-class global underwriting and read the full article →

Schinnerer acquires ICAT, boosts property catastrophe expertise

Schinnerer Group, the underwriting manager and managing general agent arm of insurance and reinsurance broking giant Marsh, is targeting the property catastrophe risks arena with the acquisition of catastrophe focused underwriting manager ICAT (International Catastrophe Insurance Managers LLC) from the Paraline Group.Schinnerer said that it has agreed the acquisition for read the full article →