MGAs/MGUs
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The expansive MGA has launched into a number of lines of business in the past year.
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The platform has backing from ILS firm HSCM, although cyber paper was provided by HDI. -
CUO Mike Duffy predicts MGA will become “the future of Lloyd’s”.
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Century Equity Partners and WT Holdings are backing the new venture.
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The ILS vehicle has support from four key providers and will be launched alongside a broader offering including K&R, fine art and other specialty risks.
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Arch Managing Agency was launched last year to bring together Arch and Barbican’s Lloyd’s operations.
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The capital supports the MGA’s excess retro portfolio.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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The deal marks the MGA’s first foray into assuming underwriting risk.
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Around one-eighth of the Corporation's estimate related to property reinsurance specifically.
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The company’s remaining underwriting teams will transfer to San Diego-based MGA platform K2.
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The M&A deals were predominantly mergers, but there was some activity on the acquisition side as well.
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