MGAs/MGUs
-
Marsh president and CEO John Doyle described Hanuschak as “important” to Marsh’s growth strategy.
-
Further growth of the carrier will be constrained if it can’t bolster its balance sheet.
-
The infrastructure of the ILS market is undergoing extensive renovation at the moment.
-
The deal will transfer the four remaining underwriting teams including property cat reinsurance to the US firm.
-
The MGA start-up offers $25mn lines in property per risk.
-
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.
-
Peak Re will continue to provide capacity.
-
Munich Re, Swiss Re and Renaissance Re are among the reinsurers to back a host of US MGAs in new deals.
-
Former Verto Syndicate underwriter Peter Mills hope to raise quota share support for his planned treaty MGA.
-
A sidecar arrangement would allow the company to finance larger acquisitions, it said
-
The firm was previously reported as being in the process of tapping the ILS market for capital to support its underwriting portfolio.
Most Recent
-
Volante looking for capital partners as OTPP scales back
04 October 2024 -
TIH’s Starwind confirms $270mn raise for Fractal Re sidecar
04 October 2024 -
Hamilton Re head of ILS Ali to leave firm
04 October 2024 -
Aon names Schultz global vice chair of reinsurance solutions
03 October 2024 -
Artex Risk Solutions acquires Risk International
03 October 2024