-
Other MGAs in the transactional-liability class are also expanding into the US. -
The MGA secured a “significant strategic investment” from Zurich earlier this year.
-
The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
-
This follows the news that AmTrust will spin off some of its MGA businesses.
-
The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.
-
The executive joins from MSIG USA.
-
Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
-
Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
-
Hasnaa El Rhermoul will be SVP at Ethos Transactional, sources said.
-
This publication revealed two years ago that EQT could lodge a $1bn claim.
-
The executive said the floor on D&O pricing is in sight.
-
This is the New York-based firm’s first acquisition since launching in 2024.
-
Michael Mora was appointed North America CEO just over a year ago.
-
In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
-
Underhill spent nine years at BHSI as global head of transactional liability.
-
The Inflation Reduction Act 2022 established new tax credits to incentivize investment in renewables.
-
Last month, Insurance Insider US revealed that former GTS Americas head Scott Pegram had left the company.
-
With the added capacity, the MGA can offer up to $35mn per risk.
-
In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
-
Scott Pegram had been at Liberty Mutual for over six years in various senior roles.
-
Volante’s syndicate may still support select transactional liability risks, but it will not have an in-house team.
-
Chubb told insurers to look inward in the fight against LitFin, but insurers are also tied to that industry.
-
The trend is expected to be most pronounced in the Middle East, the survey found.
-
Starr joins a panel that includes capacity from Axis and Skyward.
-
The executive is departing for a role at Birch Risk.
-
The executive joined the MGA in January 2024 and has spent his entire insurance career within the TL space.
-
Michael Brooks, SVP, head of transactional liability, will be taking over temporarily.
-
The executive was most recently chief revenue officer at Aon.
-
Capital funding new litigation dropped 16% YoY, however.
-
In January, Archer expanded its capacity with Lloyd’s backing.
-
The MGA will be trying to replace the transactional liability capacity in the coming weeks.
-
Kritzman has been with TMHCC for more than seven years.
-
The traditional R&W product is seeing an increasing number of large losses.
-
The insurer acknowledged additional claims in 2025 would be “reasonably possible”.
-
Other backers include Arch Specialty, Allianz, Allied World and HDI.
-
Sources said the MGA secured support from MS Transverse, Axis, AmTrust and Summit for TL business.
Most Recent
