-
The challenging funding environment has left InsurTechs with limited options for capital raising and liquidity. -
Hadron plans to offer significant underwriting capacity across all 50 states and provide portfolio-wide reinsurance support.
-
The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals.
-
There is a “confluence of factors” making the current raising environment more challenging for companies, the CEO said.
-
The medical stop-loss MGU produces annual revenue of around $25mn.
-
The move follows an earlier announcement in May, when SiriusPoint disclosed that its equity stake in the Bermuda-based MGA was reduced to 49% from 100%.
-
Neptune comprises over 5% of the National Flood Insurance Program, making it the primary alternative to the NFIP.
-
Sources said MGA multiples are holding in the mid-to-high teens range while they still see strong PE and strategic appetite for the fronting sector.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
R&Q CEO William Spiegel will transfer to the Accredited program management business.
-
White Mountains’ final stake could range between 62%-81% of Bamboo, and the Bermudian’s investment in connection with the deal could be around $246mn-$323mn.
-
With record attendance, the conference was a reflection of how much the MGA space has grown and continues to grow.
