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The company writes roughly $300mn with Ebitda of roughly $30mn. -
This is Chubb’s second MGA deal in the past few months.
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Ambac also announced it was selling its financial lines book to Oaktree for $420mn.
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The move comes as the wait for a deal for the whole group passes the six-month mark.
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Sentry launched its specialty lines division in 2022.
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With the additional capacity, the MGA can now write over $100bn in business.
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The Howden-owned MGA lost ~$250mn in cat capacity in September.
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He previously helmed Plymouth Rock Assurance's direct and partner group.
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MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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The company went public Thursday at a price of $17 per share.
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Hallmark’s commercial business will be fronted by HDI subsidiaries.
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The K2 subsidiary will be Atain's first non-affiliated MGA partner in a program across seven states.
