-
From the carrier perspective, alignment of interests was a recurring theme. -
Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
-
HNW family offices are now among investors considering the US MGA segment.
-
It is understood that Sutton National is the fronting carrier sitting behind the facility.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
It is understood the permanent reinsurance capital vehicle is called Highline Re and will sit behind fronting carriers.
-
The NFIP expiration and a successful Neptune IPO got attention, but some reinsurers moved earlier.
-
The reductions reflect a mix of programs being handed off and MGAs proactively switching.
-
BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
-
Dealmaking took centerstage, but other discussed topics were growth, talent and capacity.
-
Sources said that Piper Sandler is advising the Dallas-based program manager on the process.
-
The Jay Rittberg-led program manager kicked off a strategic process in August.
-
Sources said the PE-backed platform retained IAP to advise on the process.
-
The company is looking to grow through its new MGA incubator program.
-
Christopher Reynolds and AJ Jones have been hired as business development directors.
-
The portfolio encompasses $5bn+ of subject premium across ~75 programs.
-
SageSure’s recent M&A in Florida was driven by being selective with policies and smart about claims costs.
-
The executive is charged with defrauding investors out of nearly $500mn.
-
MGAs that are good operators will stick out compared to the rest.
-
A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
-
Neil Ross was also appointed CUO for the broker’s MGA.
-
Fronting doesn’t look any better when it’s broken down by segment.
-
The MGA is also looking to build out its US mid-market professional liability expertise.
-
The MGA platform wants to expand into Europe and the UK and grow its wholesale business.
-
E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
-
The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
-
The carrier has renewed and extended its capacity arrangement with the MGA.
-
The Insurance Insider US news team runs you through this week’s key agency M&A.
-
The new unit will be led by former Emerald Bay exec George Dragonetti.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
The business has been ~70% owned by White Mountains since January 2024.
-
Neptune’s stock price jumped 25% on the first day of trading.
-
The oversubscribed IPO priced at the top end of expected $18-$20 per-share range.
-
The MGA secured a “significant strategic investment” from Zurich earlier this year.
-
Home buyers looking to close on a mortgage could find the private market an attractive alternative.
-
The vehicle will now cover an E&S program jointly launched with Accredited.
-
The company will continue its capacity partnership with the MGA until 2030.
-
JH Blades, Southern Marine and Energy Technical Underwriters will merge to form the new brand.
-
Return horizons are shifting, and entrepreneurial underwriters should start looking at longer tail business.
-
This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
-
The executive will initially focus on casualty fac business incoming as the result of the Markel renewal rights deal.
-
Whether in property or casualty, areas of the market will be profitable even with new entrants, the executive said.
-
The WCB has denied the allegations, claiming its decisions were based on “reasonable investigations”.
-
The company is estimating its IPO price at $18-$20 per share.
-
Following the Golden Age of Specialty, franchise quality will play a bigger role in determining success.
-
Onex is making the investment alongside PSP, Ardian and others.
-
The case is now headed to appellate court.
-
The MGU is entering the often-difficult habitational GL space with an initial E&S offering.
-
The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
-
As data privacy litigation increases, insurers increasingly lean on exclusions.
-
Tangram will become the inaugural portfolio company of Balavant Insurance.
-
The measures also seek to encourage greater wildfire mitigation efforts.
-
The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.
-
The specialty MGA said it didn’t experience direct losses from the LA wildfires.
-
The program, expected to start doing business next month, will be wholesale-only.
-
This publication reported earlier today of the asset manager’s foray into the MGA space.
-
The MGA is backed by three Lloyd’s syndicates, offering capacity limits of up to $10mn.
-
Reinsurers will not back business indefinitely where loss ratios continue to exceed the industry by a wide margin.
-
The business said it was experiencing strong momentum on the Island.
-
The deal represents a first entry into the US MGA market for the $1.1tn asset manager.
Most Recent
