Industry News
Three Insurers Join Ward’s Annual Top 50 P/C Ranking for 2025
Property/casualty insurers have started to broadcast the fact that they have earned spots on Ward's list of 50 top-performing insurance companies for 2025, but only one was named for 35 straight ...
Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals
Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state's risk landscape, according to brokers Aon and Gallagher ...
MGAs by the Numbers: Fronting Biz, Non-Affiliated MGAs Drive Growth
Direct premiums written by U.S. managing general agents jumped to over $114 billion in 2024, according to the latest installment of an annual research series on the MGA market. The report titled ...
Former California Agent Gets 4 Years in Prison for $3.7M Fine Art Insurance Scam
A woman who formerly operated an insurance agency in Northridge, Calif., was sentenced by the U.S. District Court to pay $1,880,237 in restitution and serve 50 months in federal prison for defrauding ...
White Mountains Acquiring Majority Stake in MGA Distinguished Programs
Bermuda-based financial services holding company White Mountains Insurance Group, Ltd. announced that it has entered into an agreement to acquire a majority stake in Distinguished Programs. ...
InsurTech Wefox Raises €151M to Build New MGA Focus, Core Markets
InsurTech wefox has secured funding of €151 million ($177.8 million), which will enable the company to build its core market positions in Austria, the Netherlands and Switzerland as well as its ...
CRC Group to Acquire Lloyd’s Managing Agency Atrium Underwriting Group
CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd's managing agency Atrium Underwriting Group Ltd. from ...
PwC’s AI Chief Says Firm Has Cut Prices as Tech Saves Staff Time
PricewaterhouseCoopers LLP, one of the world's largest professional advisory firms, has cut prices for some services as clients raised the fact that the consultancy is using artificial intelligence ...