Negative margin code
INDUSTRY EVENTS
Target Markets Summit 2024
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Latest News
Latest News
NSM canvassing potential buyers for a carve-out of B2B programs
It is understood that the business-to-consumer programs are not included in the potential transaction.
Private security MGU Brownyard MacLean explores sale
It is understood that the company has retained the services of Dowling Hales as advisor.
Pivix launches contract binding program with Canopius
The binding authority facility targets smaller commercial property and general liability E&S risks.
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The move follows an earlier announcement in May, when SiriusPoint disclosed that its equity stake in the Bermuda-based MGA was reduced to 49% from 100%.
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Neptune comprises over 5% of the National Flood Insurance Program, making it the primary alternative to the NFIP.
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Sources said MGA multiples are holding in the mid-to-high teens range while they still see strong PE and strategic appetite for the fronting sector.