MGAs/MGUs
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The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units. -
The Canadian pension plan put its Lloyd’s portfolio under review earlier this year.
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The raise includes minority investments from Nationwide, Enstar and others.
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The former Everest executive will look to roll out a range of new product lines at the MGA.
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GeoVera’s MGAs will sell to SageSure and insurance companies will merge with SafePort.
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The announcement confirms earlier reports from this publication.
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Sources said the deal was roughly three times over-subscribed as cat becomes hot.
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The Truist-owned cat MGA had reduced its line size to $50mn last year.
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The business will service clients in the agriculture, renewable energy and construction industries.
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Demex said its RCR Re platform enables cedants to buy reinsurance for secondary peril risks that aggregate over time.
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E&S specialty MGA Velocity is launching an E&S carrier after receiving an AM Best rating of A- (Excellent).
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The platform will connect MGAs with capacity from a wide range of providers.
