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The MGA will target small and mid-market firms and will also offer tech E&O products.
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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
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CSAA writes over 70% of its business in the Golden State.
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Auto-related CPI values continue to drop, while premium inflation hits new highs
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The company provides reinsurance to insurers in LatAm and the Caribbean.
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The CPI all-items index moderated to 3.1%, vs a 3.4% YoY rise for December.
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The new line is in addition to its existing Bermuda and US excess casualty products.
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Is this a temporary spike or the start of a multi-quarter trend?
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This follows a record-breaking $63bn of premium and 24.1% growth for 2022.
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The Bermudian’s reserves will be on watch when its Japanese parent reports earnings.
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The changes will be up for discussion at a March 26 public hearing.