Negative margin code
INDUSTRY EVENTS
Target Markets Summit 2024
Get exclusive news and insights from the ground at the Target Markets in Scottsdale, AZ on October 21-23
Latest News
Latest News
Clear Blue cuts ~$225mn of premiums, replaced with ~$250mn of new business
It is understood that the cut programs include Yachtinsure, Rhino, Embroker, Paramount, Pinpoint and NTA.
Independent MGA heavyweights could sell to strategics earlier than you think
Backers and CEOs may be wary of falling into the same trap as larger PE-backed retail brokers.
Summit-backed platform Beyond Risk seeking new investor
Sources said that Piper Sandler is running the sale process for the ~$50mn Ebitda business.
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The company writes roughly $300mn with Ebitda of roughly $30mn.
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This is Chubb’s second MGA deal in the past few months.
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Ambac also announced it was selling its financial lines book to Oaktree for $420mn.