Tag: MGA

Ambac to Rebrand Following Legacy Insurance Portfolio Sale

Ambac to Rebrand Following Legacy Insurance Portfolio Sale

Ambac Financial Group to rebrand after selling its legacy insurance portfolio, transitioning to a pure-play managing general agent and specialty insurance platform, reflecting strategic market repositioning.

Octave Specialty Group Emerges from Ambac Rebrand to Focus on MGAs

Octave Specialty Group, formerly Ambac Financial Group, rebrands and refocuses on specialty insurance and MGA acquisitions amid strong market growth.

Specialty Program Group Enhances Operations with Vertafore's AI-Driven Surefyre

Specialty Program Group partners with Vertafore to implement the AI-enabled Surefyre platform, boosting underwriting efficiency and digital workflows for MGAs and wholesalers in the US insurance market.

Global Indemnity's Penn-America Launches New Reinsurance MGA

Global Indemnity Group expands reinsurance capabilities with new MGA led by seasoned executive George Dragonetti, enhancing underwriting and growth.

Pivix and Everspan Unveil New E&S Casualty Insurance Program

Pivix Specialty Insurance Services and Everspan Group launch a new primary general liability E&S casualty program targeting contractors, real estate, hospitality, and manufacturing sectors, enhancing MGA offerings through wholesale brokers.

USA Auto Boosts Customer Engagement with insured.io Platform at Launch

USA Auto implements insured.io’s omnichannel customer engagement platform to enhance policyholder access and retention from launch.

United Risk Acquires WTW’s Verita, Rebrands as Verist to Expand Specialty Insurance

United Risk acquires WTW's Verita, rebranding it as Verist to enhance specialty insurance services across multiple sectors including real estate and life sciences.

White Mountains to Acquire Majority Stake in MGA Distinguished Programmes for $230M

White Mountains Insurance Group expands its footprint by acquiring an additional 50% stake in MGA Distinguished Programmes for $230 million, enhancing underwriting capacity and market reach.

Launch Underwriters Names Former MS Transverse Executive as CEO

Launch Underwriters, an MGA platform, appoints a former MS Transverse executive as CEO, expanding its leadership with industry veterans to enhance insurance operations.

Coterie Insurance Relocates HQ to Appleton, WI to Leverage Workforce and Digital Strategy

Coterie Insurance moves its headquarters to Appleton, Wisconsin, emphasizing workforce access and digital strategy to support growth in small business property and casualty insurance.