Personal E&S
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California, Florida and Texas all saw decreases in monthly premium growth. -
The company plans to launch in New York and New Jersey next year.
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This is up from the $300mn in capacity the MGA secured in 2024.
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The transition will be implemented starting October 15.
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The standard market has not ‘meaningfully’ impacted the rate of flow in the aggregate.
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MGA growth is still strong but has passed its 2022 peak.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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The carrier has received 12,300 claims as of 28 March.
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Surplus lines are still strong, but not the standout they used to be.
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Shift to growth includes all geographies in which the company does business.
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Insurers and distributors must adapt or risk irrelevance.
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The MGA will have a broad casualty-focused appetite with Lloyd’s capacity backing.
