MGAs/MGUs
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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. -
Victor has significant ties to the ILS space, having launched the Nephila-backed Alternus distribution facility in 2017.
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Peak Re will continue to provide capacity.
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Munich Re, Swiss Re and Renaissance Re are among the reinsurers to back a host of US MGAs in new deals.
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Former Verto Syndicate underwriter Peter Mills hope to raise quota share support for his planned treaty MGA.
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A sidecar arrangement would allow the company to finance larger acquisitions, it said
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The firm was previously reported as being in the process of tapping the ILS market for capital to support its underwriting portfolio.
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