MGAs/MGUs
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The capital supports the MGA’s excess retro portfolio.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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The deal marks the MGA’s first foray into assuming underwriting risk.
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Around one-eighth of the Corporation's estimate related to property reinsurance specifically.
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The company’s remaining underwriting teams will transfer to San Diego-based MGA platform K2.
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The M&A deals were predominantly mergers, but there was some activity on the acquisition side as well. -
Marsh president and CEO John Doyle described Hanuschak as “important” to Marsh’s growth strategy.
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Further growth of the carrier will be constrained if it can’t bolster its balance sheet.
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The infrastructure of the ILS market is undergoing extensive renovation at the moment.
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The deal will transfer the four remaining underwriting teams including property cat reinsurance to the US firm.
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The MGA start-up offers $25mn lines in property per risk.
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Underlying rate increases are ranging from 10-25 percent for US regional insurance binders.
