MGA News
Steadily, a Digital Landlord Insurance MGA, Raises New Funding
Steadily, an InsurTech MGA focused on landlord insurance, has raised $27.2 million in new venture capital designed to help expand the reach of its digital platform. Matrix Partners and Zigg Capital ...
Guy Carpenter Will Provide InsurTech Services to Carriers, MGAs Through New ‘Center of Excellence’
Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to ...
MGAs Can Build Broker Relationships – Even in a Hard Market
How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide capacity? After more than 25 years as a broker, Peter Blanc, CEO ...
Germany’s Getsafe Raises Another $63M Toward Bid to Become Full-Stack Carrier in Europe
Getsafe, a digital MGA based in Germany, raised another $63 million in funds, with plans to use the added cash to fund its own insurance license by the end of 2021 and accelerate its European ...
Usage-Based MGA VOOM, Commercial Auto MGA Cover Whale Raise New VC
VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has raised $15 million to expand its usage-based insurance model. Cover Whale Insurance Solutions, an Insurtech MGA ...
Digital MGA Roamly Will Start Selling Its Own RV Rental Policies Through Spinnaker Insurance
Digital MGA Roamly will link with Hippo-owned carrier Spinnaker Insurance Company to sell its own insurance for recreational vehicle rentals. Roamly is owned by Outdoorsy, a global online RV rental ...
MGA InsurTech Foxquilt to Expand Business Offering Following $8 Million Financing Round
Foxquilt, a Toronto-based InsurTech, has raised an $8 million financing round that will support talent acquisition, product development, and further expansion across the U.S. and Canada. Luge Capital ...
Confidence in MGA Sector Highest in Three Years: Survey
Confidence in the MGA sector has improved despite the pandemic and is now at its highest level in three years, according to a new survey from global law firm Clyde & Co. In fact, 69 percent of ...