Good things come to those that wait? Sometimes. 47 year old Jacksonville FL.-based MGA US Assure just sold to Ryan Specialty for up to $1.475 billion (17.5x LTM EBITDA, if fully earned). In many ways a conservative business - one line of business (builders risk) one capacity provider (Zurich American Insurance) - but an early digital innovator, building a broker portal that now handles 90% of submissions from the firm's 20,000 brokers. In a market impatient for quick returns, proof that patience can be a virtue. #https://lnkd.in/eaW4dVYZ https://lnkd.in/eN8BRR8u
William Pitt’s Post
More Relevant Posts
-
Publisher, Conferencing, Sales & Marketing Specialist in the reinsurance/insurance/financial markets for 40 years. Used to travel around a lot. Now I don't.
Lloyd's Q2 State of the market Property: focusing on the major shifts not the noise Casualty: General Liability is an area of genuine concern Specialty: Heterogenous conditions; contrarian views must still be logical, realistic and achievable Patrick Tiernan Underwriting takeaways Number one focus remains on ensuring underwriting discipline Prioritising continuous performance oversight Open and reciprocated engagement Innovation and sustainability are key areas of growth Rachel Turk https://lnkd.in/eBhJ-cRJ
-
-
Howden Re at the forefront of innovative & efficient allocation of capital in London Market.
A great article from both David DeJong and Tom Gauge on the Lloyd's Consortia market.
The importance of Lloyd’s market consortia
intelligentinsurer.com
-
Last week our own Bonnie Steen, CPCU, CIC, AINS, joined us to provide updates on the state of the Property & Casualty market. Watch a highlight from the discussion below. Did you miss our P&C Market Outlook webinar? Watch the full recording here: https://lnkd.in/e_RxhPhc?
-
Very Interesting. I recommend watching the full presentation.
Last week our own Bonnie Steen, CPCU, CIC, AINS, joined us to provide updates on the state of the Property & Casualty market. Watch a highlight from the discussion below. Did you miss our P&C Market Outlook webinar? Watch the full recording here: https://lnkd.in/e_RxhPhc?
-
This week we were joined by Joe Barker from Lantern Risk Services to discuss upcoming renewals with our Broking Team. Being a Momentum broker partner means that you have access to our industry experts who are always on hand to answer questions or offer guidance. Want to know more about joining us? Follow the 🔗 in the comments. #GainingMomentum #Partnership #InsuranceBroker
-
-
#Arch #Video: Head of Casualty, Carl Jago, recently sat down with Mike Bottle, SVP Strategy & Distribution, to discuss how Arch is uniquely positioned to handle your clients’ complex product liability needs. Carl comments: "Clients are facing a multitude of risks that are rapidly evolving. Our cross-business line expertise and investment in innovation allow us to craft holistic solutions for each client's unique needs. Strong broker partnerships are also key to deeply understanding the challenges at hand." Watch the full interview with Carl below to find out more. #PursuingBetterTogether #SolvingComplexRisks #ProductsLiability
-
Don't miss out on Marsh McLennan Agency's exclusive webinar where industry experts @Denine Perlman, Matthew Wright and @Cindy Stauffer will share insights on the complex commercial property market in 2024. #Property #InsuranceTrends
Webinar | Positioning your organization for the optimal outcome: How to adapt in a transitioning property market
marshmma.com
-
Don't miss out on Marsh McLennan Agency's exclusive webinar where industry experts @Denine Perlman, Matthew Wright and @Cindy Stauffer will share insights on the complex commercial property market in 2024. #Property #InsuranceTrends
Webinar | Positioning your organization for the optimal outcome: How to adapt in a transitioning property market
marshmma.com
-
Global reinsurance group Munich Re cut its book at the July renewals, notably pulling back from proportional casualty and even shaving volume from the recently hot property XoL. Management claimed “significant premium reduction” in such lines as D&O, general liability, cyber and more among “clients who fail to meet our requirements with respect to prices/terms and conditions.” Read more on the story here: https://ow.ly/5PBe50STHYI
Munich Re slashes casualty at July renewal; total book shrinks
intelligentinsurer.com
-
Building Strong Agency Relationships | 20+ Years Commercial Insurance Expertise, Offering Unique Insights and In-Depth Understanding for Agents with Multi-Family clients
Who else is going to #RISKWORLD? 🙋♀️ Our team is ready to share the success our clients have after implementing Foxen's renters insurance monitoring and compliance program and rent reporting/ credit building tool, Rentistry. It's my first time attending this conference, so please stop by booth 2152 and say hi. I'd love to meet my connections in person instead of just chatting from behind a keyboard! And my own personal request - if you have any must-try San Diego restaurant recommendations, especially in the Gaslamp Quater, definitely share!! Hope to see you there! #insurance #risk #riskmanagement #multifamily
Will you be attending RISKWORLD by RIMS (Risk and Insurance Management Society, Inc.) May 5-8th in San Diego? Stop by our booth, #2152, to meet our team and learn more about how Foxen helps Real Estate Owners and Operators mitigate risk, enhance their property offering, and generate ancillary income. Reach out to Steven Bruder 🏘️🏢, Tiffanie Demasters, PRIS, CIC, CRM, Jordan Novak or Pete Ghersen now to schedule a meeting and hear about our renters insurance compliance solution, the Foxen Waiver, and our rent reporting solution, Rentistry. Click the link below to schedule a meeting now. We hope to see you there!
Meeting with Foxen at RISKWORLD - Foxen
calendly.com
Bringing positive change to the Insurance Industry through helping Insurtech Software Startups/Scale ups grow sustainably, avoiding the pitfalls of growth burn out through the use of a Scaling Framework
2moWell said. This is proof that sustainable growth with a focus on making distribution efficient and digitally without disintermediation reaps very large rewards. It also shows that specialty focus on one segment can build trust and through that competitive advantage. MGAs and Specialty focus is what is keeping Insurance relevant and fresh.