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With record attendance, the conference was a reflection of how much the MGA space has grown and continues to grow.
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First-round bids for the company were due in late September.
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The new platform includes over 400 workers’ compensation classes, including contractors, healthcare, hospitality, manufacturing and transportation.
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Inside P&C explores topics that will likely be addressed at the Target Markets 2023 annual conference.
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Pera is launching as a division of Desq — USQRisk’s managing general agent accelerator/incubator — and is the first program Desq has brought to market.
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Inside P&C’s morning summary of the key stories to get you up to speed
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Sources said the specialty underwriter retained boutique firm Insurance Advisory Partners earlier this year as an adviser.
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Sources said the Houston, Texas-headquartered program manager is now writing business on Sutton National paper.
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The start-up MGU will initially focus on real estate, hospitality and leisure, financial institutions and professional services industries.
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Inside P&C’s news team brings you all the top news from the week.
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The transaction marks Velocity’s first MGA acquisition and its second transaction after Nephila sold the cat-focused underwriter to Oaktree in late 2021 for over $107mn.
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A summary of commentary from the second day of Inside P&C New York, with insights on InsurTechs, MGAs and Vesttoo.