MGA News
Corvus Secures $100M VC Infusion; Expansion Planned for Smart Cyber Cover and More
Corvus Insurance is prepping a major expansion and surge in product development now that it has secured $100 million in new venture capital financing. Insight Partners led the Boston startup's Series ...
Swiss Re, Auto Maker Daimler Launch MGA Focused on Auto and Mobility Insurance
Swiss Re and Daimler Insurance Services are jointly launching a managing general agent focused on automotive and mobility insurance. Dubbed Movinx, the aim of the 50/50 joint venture is to develop ...
An InsurTech CEO’s Take on Ransomware Attacks
It almost goes without saying at this point: Ransomware attacks are on the rise. Ransomware attacks grew by nearly 50 percent in the 2020 second quarter along compared to the first three months of ...
Hippo and Topa Insurance End Their 3-Year Partnership
Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, an InsurTech MGA offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move comes ...
Arcadian Risk Capital Launches New Bermuda Underwriting Operation
Arcadian Risk Capital is launching as a new underwriting operation based in Bermuda that will initially underwrite excess casualty and professional lines insurance. John Boylan, a 30-year veteran of ...
Branch, an InsurTech MGA, Will Launch a Reciprocal Exchange After Raising $24M
Branch, an InsurTech startup focused on bundling digital home and auto insurance, is eying national expansion through 2021 after nailing down $24 million in new financing. The MGA also plans to add a ...
Buckle Plans to Run Its Carrier as a ‘Digital Front’
Recently, Buckle made an acquisition that helps it expand in interesting ways. Buckle, a digital seller of rideshare insurance, bought Gateway Insurance Company from carrier Atlas Financial Holding ...
Insurity Grabs Virtual MGA for an Undisclosed Price
Insurity said it has snatched up Virtual MGA, a Texas-based company with a cloud-based binding authority, underwriting and distribution product for wholesale brokers, syndicates and MGAs. The ...