Interviews
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The MGA secured backing from buyout heavyweight KKR in March 2021. -
Newcomers enter on the belief that they have a “better mousetrap”, said Donato Monaco.
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The North Dakota insurance commissioner told this publication that AI and resiliency are also top of mind.
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After one good year, giving back margin now will be “inexcusable”, the executive said.
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Multiple reinsurance brokers have pitched the firm for sidecars.
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In an interview with this publication, Lara said "everything’s on the table" for future reforms.
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Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
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Admitted markets are not coming back to property as strongly as in past cycles, the executive said.
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Casualty will likely fuel some of the E&S growth, the executive said.
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Pockets in the business are still experiencing significant stress, she added.
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The carrier’s initial casualty offering will be wholesale-only, the executive said.
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The MGA noted a 17%-20% price decline last year and expects similar for 2024.
