MGA – Managing General Agent news

Insurance-linked securities (ILS) investment manager Nephila Capital has sold its ownership stake in multi-class international MGA platform Volante Global to fintech broker owner Acrisure.

Insurance technology (insurtech) start-up Stere has announced a $2 million capital raise to help it better connect providers of insurance and reinsurance capacity with managing general agents, program administrators, and embedded insurance platforms.

Occam Underwriting, a specialist lines focussed Managing General Agency (MGA), is acquiring terrorism risk focused MGA Beech Underwriting Agencies Ltd., in a move supported by Hudson Structured Capital Management (HSCM).

Volante Capital Holdings (Bermuda) Ltd. (Volante), a multi-class international MGA platform that counts insurance-linked securities (ILS) specialist Nephila Capital’s holding company as its majority owner, has received ‘in-principle’ approval from Lloyd’s to launch Syndicate 1699.

Hudson Structured Capital Management, the reinsurance, insurtech and insurance-linked securities (ILS) focused asset manager, has doubled-down on its investment in managing general agent Occam Underwriting, by taking a majority stake in the company.

A new insurance technology start-up named Stere has been launched to provide a digital ecosystem for insurance programs, targeting capacity provision and digital enablement for MGA’s, insurtech’s and programs, with a desire to help them access ILS fund capacity as well as traditional.

Reinsurance broker Guy Carpenter has announced the hiring of Miles Shephard from Aon, who will join the company as Managing Director and Head of GC Access, International, its specialist program capacity focused unit.

AGILE Risk Partners, a specialist and technology focused direct & facultative (D&F) property risk underwriting start-up, has partnered with experienced mapping and data experts HERE Technologies as it seeks to improve the quality of risk data used in underwriting decision-making.

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.

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.