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Sources said that the MGA has been working with investment bank Waller Helms to find a potential investor.
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The news comes around three months after GTCR agreed to sell AssuredPartners to AJ Gallagher for nearly $13.5bn.
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Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
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Behind the Headlines Podcast
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Is the MGA start-up boom here to stay?
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In Partnership With Allianz CommericalHow does a young insurance company surpass growth expectations and successfully reposition itself in the market as a fully independent player?
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In Partnership With Allianz CommericalThe renewable energy sector is a major growth opportunity for the insurance industry but the loss experience has been challenging.
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From Insurance Insider US
Hiscox Re & ILS CEO Shares Big Wins, Wildfire Lessons and the Future of Insurance Leadership
Kathleen Reardon, CEO of Hiscox Re & ILS, discusses the company’s 2024 results, the impact of the California wildfires and leadership development strategies for the next generation.
From Insurance Insider US
Bermuda Market Growing Beyond NatCat
California wildfire losses will be significant but still manageable for Bermuda (re)insurers, John Huff said, as local carriers are leaning into specialty lines growth.
From Insurance Insider US
Week in Brief: Everest Agonistes, M&A update, wildfire aftermath, Q4 earnings kickoff
A quick roundup of our best journalism and research of the week.
From Insurance Insider US
Aviation market faces multi-hundred-million loss on Washington crash
Starr-leads the WTW-placed all-risks cover for American Airlines.
From Insurance Insider US
Mercury reveals $1.24bn second event cover as LA claims mount
The carrier can claim separately for the Palisades and Eaton fires if necessary.
From Insurance Insider US
Evacuations ordered as major wildfires rage in Los Angeles
More than 4,000 acres are burning as thousands evacuate.

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