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Clear Group Acquires UK MGA Accelerate Underwriting

Insurance Journal

The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Established in 2015, Accelerate Underwriting is a … Financial terms of the deal, which is its fourth involving an MGA, were not disclosed.

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Security First, Amelia Underwriters Offering New Products in Warming Florida Market

Insurance Journal

Amelia Underwriters, a wholesale and surplus lines broker based in Fernandina Beach, … Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more if limited moves into a warming market in the state.

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Ryan Specialty to Acquire Nashville-Based Velocity Risk Underwriters MGU

Insurance Journal

Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter

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Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS

Insurance Journal

Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter based in Bow, New Hampshire. AIMS does most of its business in the Mid-Atlantic and East Coast …

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People Moves: Aon Reinsurance Solutions Announces New Senior Leadership Roles; Ryan Specialty Underwriting Managers Int’l Hires 3 in Leadership Team

Insurance Journal

This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. Reinsurance Solutions Team Insurance broker Aon plc announced … A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S.

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Ryan Specialty Agrees to Buy Certain Assets of Ardonagh’s Geo Underwriting Europe

Insurance Journal

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ardonagh Group. Terms of the transaction …

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Deep Vector Closes $1.5M Round Co-Led by Aperture and InsurTech NY

Insurance Journal

Deep Vector, an artificial intelligence (AI) platform for analyzing underwriting documents, closed its seed round of $1.5 Deep Vector helps insurers and brokers translate analog documents used for underwriting riskclaims loss … million, co-led by Aperture Venture Capital and InsurTech NY.