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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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RBC reports can help regulators identify weakly capitalized companies.
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This publication revealed earlier that Command was seeking a new backer.
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The InsurTech was also removed from under review, negative.
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The MGA will likely expand its D&O book as well, but excess casualty will grow faster.
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The insurer has lined up Piper Sandler and KBW to run the process.
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PartnerRe's $5mn commitment will enable the MGA to expand its D&O line size.
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It makes sense for Next to secure a sale as an exit strategy in an increasingly challenging funding environment.
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Nadia Beckert joined the carrier as an underwriter in 2021.
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PE and international players could be drivers of P&C carrier M&A activity in the future.
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The bill also creates a governing board comprising insurance and consumer reps.
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A new report warns that underwriters must consider political uncertainty and macroeconomic trends.