MGAs/MGUs
-
Orchid, Accredited partner to expand personal lines capacity in coastal markets amid strain from increasing cat events. -
The expansive MGA has launched into a number of lines of business in the past year.
-
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”.
-
Century Equity Partners and WT Holdings are backing the new venture.
-
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.
-
Arch Managing Agency was launched last year to bring together Arch and Barbican’s Lloyd’s operations.
-
The capital supports the MGA’s excess retro portfolio.
-
The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
-
The deal marks the MGA’s first foray into assuming underwriting risk.
-
Around one-eighth of the Corporation's estimate related to property reinsurance specifically.
-
The company’s remaining underwriting teams will transfer to San Diego-based MGA platform K2.
