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The offering launched last week with a valuation between $103mn and $116.8mn. -
The MGA market now makes up 10% of the overall P&C market.
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But there’s little concern about those pressures creeping into SME accounts.
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Older accident years, targeted markets business contributes to adverse development.
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California homeowners are also expected to move admitted business to E&S.
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The carrier said it is prepared to drop asset managers, lawyers, banks and brokers.
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During first quarter earnings calls, insurers argued that they can mitigate volatility.
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Gallagher Re said rates had softened in 2025 versus the prior two years.
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In casualty, getting significant blocks of capacity remains a major challenge.
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The market is also facing potential losses from injuries to NFL stars.
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The insurer has not decided whether to sell its Eaton subrogation rights.
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Flexpoint Ford has also positioned itself as a potential minority backer.
