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The Truist-owned cat MGA had reduced its line size to $50mn last year. -
It’s unsurprising, following the Corvus-Travelers transaction.
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Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.
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The latest development comes on the heels of the Corvus-Travelers deal.
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The executive left OdysseyRe last August, as this publication revealed at the time.
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In September 2023, Cowbell made the same number of staff cuts.
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Bill Fahrner most recently served as CUO at Joyn Insurance.
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The company’s book is being run off by Boost Insurance.
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The company would ideally like to target a minority investment.
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The new product provides coverage above the NFIP’s maximum limits.
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The MGA will target small and mid-market firms and will also offer tech E&O products.
