Interviews
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The company is on a five-year growth plan, aiming to hit $100mn in premiums by 2029. -
The MGA will likely expand its D&O book as well, but excess casualty will grow faster.
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PE and international players could be drivers of P&C carrier M&A activity in the future.
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The commissioner is eyeing transparency in billing, comparative fault and non-economic damages changes.
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Industry sources estimate the market to be around $3bn.
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Colorado and New York have already passed regulations regarding insurer AI use.
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Consolidation options include fronts merging, competition, larger fronts becoming carriers and fronts being acquired by carriers.
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The Democratic senator said increased federal oversight of insurance is not the answer.
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The MGA recently secured capacity to write HNW homes in California.
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Hippo estimated its pre-tax cat loss from the LA wildfires at $42mn.
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Inflation, supply chains and tariffs also add to the challenges, he said.
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The carrier is looking to accelerate E&S growth after 7% expansion in 2024.
