MGA – Managing General Agent news

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.

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.

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.

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.

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.

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.

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.

In an interview with Artemis, Founders of Ventus Risk Management, Stuart Mercer and George Reeth, discussed the MGA’s themes and goals in respect of the current ILS and broader re/insurance market environment.

RFIB Group Limited, the international and Lloyd’s specialist insurance and reinsurance broker, has launched an MGA today, named Limehouse Agencies, with the goal of positioning it at the forefront of the disruption facing re/insurance from efficient capital and technology.