MGAs/MGUs
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As of 14 February, the company received 405 claims. -
The bond will provide fire protection for MGA Bamboo’s California business.
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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
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The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units.
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The Canadian pension plan put its Lloyd’s portfolio under review earlier this year.
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The raise includes minority investments from Nationwide, Enstar and others.
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The former Everest executive will look to roll out a range of new product lines at the MGA.
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GeoVera’s MGAs will sell to SageSure and insurance companies will merge with SafePort.
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The announcement confirms earlier reports from this publication.
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Sources said the deal was roughly three times over-subscribed as cat becomes hot.
