Industry Segments: MGA Page 4 / 9
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- November 16 2023
Steadfast buys 70% stake in Australian MGA Sure
The acquisition will include a US$96.3m upfront cash payment and potential earn-out payments through FY 2025.
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- October 13 2023
Envest snaps up majority stake in London Australia Underwriting
LAUW, a Sydney-based MGA, writes over US$20m of GWP in professional and financial lines through Lloyd’s syndicates.
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- October 10 2023
Strata Community ropes in Shaun Feely as chief executive officer
The Sydney-based industry veteran was CEO of Latitude Insurance prior to this appointment.
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- October 9 2023
Envest acquires majority stake in Brisbane MGA Insuret
Founder Jason McDonnell will continue to remain a co-owner and managing director of the fleet business specialist.
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- October 5 2023
Asia fossil fuel risks grow in reliance on captives, smaller players and MGAs
With larger players shying away from coal cover, miners are turning to self-insurance and specialists, while oil and gas is still supported.
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- October 4 2023
Fusion-owner Pop Holdings hires Shannon Murphy as group CIO
Murphy has three decades of experience in senior technology roles, including at AIG, ING and Axis in Asia Pacific.
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- September 27 2023
Pen Underwriting makes senior level hires in Australia
Dean West has been appointed national construction and engineering manager and Hun Kim joins as chief actuary.
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- September 11 2023
Dual promotes Leo Abbruzzo to executive chairman for ANZ as it rejigs regional leadership
Deputy CEO Michael Ussher takes on additional responsibilites at the Howden-owned MGA, which has also named a new Australia, New Zealand CUO and a head of national partnerships.
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- September 4 2023
Volante bolsters Asia operations with senior management move
Bilal Zafar, a managing director of the Lloyd's syndicate, has relocated from London to Singapore.
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- August 29 2023
Asia’s W&I market goes through MGA shift
The global MGAs could bring fiercer competition leading to lower rates and broader terms, arguably without a full understanding of the regional differences in risk.
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- August 29 2023
Strata Community Insurance MGA hires Western Australia underwriter
Daniel Wales-Harding has relocated from London and will be based in Perth, reporting to Ian Mundy, state manager, Western Australia.
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- August 17 2023
Steadfast registers strong FY revenue, profit boost; eyes A$445m of M&A ‘opportunities’
The Australian group's broking arm saw 12.7% of organic growth as the division contributed A$891.6m of revenue, up 24.5% over FY 2022.
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- August 14 2023
Exclusive: Vale Insurance Partners to establish Asia operations — sources
Vale is the seventh specialty insurance firm seeking to join the Asia M&A market in the space of 12 months.
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- August 9 2023
PSC snaps up specialty MGA Ensurance for US$16.5m
The ASX-listed firm specialises in professional and financial lines with offices in Sydney, Melbourne, Adelaide and Perth.
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- August 9 2023
Fusion promotes Sabrina Chia to partner, underwriting & head of distribution APAC
Singapore-based Chia joined the specialty managing general agent in 2021.
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- August 9 2023
MGA Delta Insurance hires D&O specialist
Glenn Dawson is based in Auckland and will assume the role of senior underwriter and D&O product manager.
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- August 8 2023
P&I player Hydor acquires EF Marine to create specialist MGA
The combined companies will control US$40m of GWP and operate from Singapore, Hong Kong, Shanghai, Oslo, Hamburg and Rotterdam.
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- August 7 2023
Exclusive: Euclid Transactional targets Asia launch
The M&A-focused New York-headquartered specialty MGA is set to open a Singapore office by Q1 2024.
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- August 7 2023
MGA Circles rings changes in Asia as Tommy Elliot takes on global CUO role
Khadinn Khan becomes responsible officer role for Hong Kong, while Kenneth Tan will oversee the specialty MGA's Singapore office.
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- August 1 2023
Australia’s SGUA approved as Lloyd’s coverholder
A specialist in residential investment properties since 1991, SGUA will leverage the Lloyd’s market from August 1 onwards.
