Nov 04, 2024 (IBA)- In part 1 of this series, Insurance Business looked at the factors driving demand for niche insurance programs crafted by managing general agents (MGAs), and the hurdles these companies face amid increasing competition. Part 2 will explore the impact of artificial intelligence (AI), specifically generative AI (gen AI), on the already fast-paced sector, and the growing challenge posed by a talent crunch across the wider insurance industry.

Oct 30, 2024 (IBA) - This is part 1 in a two-part series covering the growth of specialty programs. The insurance industry has been transformed by the rise of managing general agents (MGAs) and specialty programs.

October 15, 2024 -- Built for all classes of insurance by a team of former underwriters, MGA Connect is an end-to-end digital policy admin system that delivers innovative underwriting tools and powerful automation to get insurance products out to market faster, make underwriting processes more efficient, and open up new paths towards profitability.

Atlanta, Georgia 9/5/24: Cogitate, a provider of cloud-native core policy, billing, and claim applications for insurers, is pleased to announce its partnership with One Inc, the leading digital payments network for the insurance industry. Cogitate has integrated One Inc’s best-in-class digital payment processing with DigitalEdge Insurance Platform to help ensure a frictionless experience, merging all payment flows into one comprehensive platform for its customers.

NEW YORK, NY and WEST PALM BEACH, FL – September 26, 2024 – Bishop Street Underwriters (“Bishop Street”), a multi-boutique insurance platform owned by RedBird Capital Partners (“RedBird”), today announced it has made a strategic equity investment in Verve Services, LLC (“Verve”), a leading, full-service auto insurance managing general agency (“MGA”). This partnership marks Bishop Street’s entry into Specialty Private Passenger Auto. Through this equity investment, Verve is positioned for continued innovation and accelerated growth in the auto insurance industry.

DALLAS, TX, September 5, 2024 – AM Specialty Insurance Company (ASIC), an Arizona-domiciled surplus lines insurance carrier rated A- (Excellent) by AM Best, is proud to announce its role as the underwriting partner for Once Insurance’s innovative entry into the jewelry insurance market. This partnership marks a significant milestone in simplifying and enhancing the insurance experience for enthusiastic jewelry customers across the United States.

September 5, 2024 [ReInsurance Business] - BMS Re, the reinsurance arm of global broker BMS Group, has appointed Brad Melvin as president and chief executive officer of BMS Re US, effective in November.

Sep 04, 2024 [Insurance Business] - Multi-boutique insurance platform Bishop Street Underwriters has partnered with Skyward Specialty Insurance Group in a strategic joint venture.

SEPTEMBER 3, 2024 | CHICAGO, IL and NEW YORK, NY – Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire the Property and Casualty (“P&C”) MGUs owned by Ethos Specialty Insurance, LLC (“Ethos P&C”) from Ascot Group Limited (“Ascot Group”). Ethos P&C was founded in 2017 by Ascot Group and will become a part of the Ryan Specialty Underwriting Managers (“RSUM”) division of Ryan Specialty. Ethos’ Transactional Liability MGU is not included in the transaction and will remain with Ascot.

SAN DIEGO (August 29,2024) – Arrowhead General Insurance Agency, Inc. is pleased to announce its new carrier relationship with DB Insurance Company. Together we have introduced a new admitted homeowner’s program in the state of New Jersey.

August 14, 2024 [BUSINESS INSURANCE] - Starwind Specialty Insurance Services LLC, a division of CRC Group, Wednesday named former TruPoint Underwriters Inc. executives Tony McIntosh as a program president and Eric Morrison as an executive vice president.

As VIPR celebrates its 15th anniversary, the first half of 2024 has emerged as a landmark period in our history. This year has not only seen us reach this significant milestone but also welcome nine new high-profile customers both in the London market and beyond in just six months. This surge in new signings underscores the rising demand for VIPR’s transformative delegated authority technology and highlights our continued influence in supporting and enhancing the delegated insurance industry.

7th August 2024 - Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has appointed Stephen Buonpane to lead its US Wholesale and Programs business and named Danielle Stewart as Chief Operating Officer.

Aug 07, 2024 There will be changes at the top for Falvey Insurance Group in the New Year.

August 1, 2024 - Arch Insurance North America announced it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz.