-
Sources said that the program manager is being advised by Dowling Hales.
-
The executive joins forces with executive chairman and co-founder Erik Matson.
-
They cover environment, political violence, equipment and cannabis.
-
The executive has previously held roles at CRC Group, Allianz and Nationwide.
-
The two deals bring the combined company’s Ebitda to about $25mn-$30mn.
-
The MGA market now makes up 10% of the overall P&C market.
-
The executive also spoke about growing organically and via M&A.
-
The move will allow clients to take on larger and more complex projects
-
The appointment follows the recent exits of CUO Chatterjee and SVP Dharma-Wardana.
-
MGA platforms, however, are seeing higher multiples than those in retail.
-
The program is designed to address a changing risk environment.
-
The platform will focus on acquiring MGAS across lines of coverage.