MGA News
Digital Home Insurer Hippo Expands Into Commercial Insurance Market
Hippo, an InsurTech MGA known until now for digital homeowners insurance, is jumping into the commercial insurance market. The company's initial focus in the space still involves residences, however. ...
SiriusPoint Debuts D&O Insurance MGA Banyan Risk
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. ...
MGA Honeycomb Launches With Bet on Multi-Family Property Insurance
An InsurTech MGA with a focus on multi-family property insurance has raised $3.3 million in initial venture capital insurance and formerly launched in North America. Honeycomb, formerly Agilius, drew ...
Ex-AIG, AXA XL and Marsh Execs Join New D&O MGA Rising Edge
Four former executives from AIG, AXA XL and Marsh have signed on for key roles at Rising Edge, a newly-launched London-based directors and officers (D&O) managing general agent. The company ...
American Family Joins Clearcover’s $200M Funding Round; Digital Auto Insurer Plans Rapid Expansion
Clearcover has secured a massive $200 million round of venture capital financing, and the digital auto insurance startup plans to use the monetary infusion to fuel product development and expansion, ...
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 ...