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Texas MGA Lumen Risk seeking PE backer

Sources said that Piper Sandler is advising the Dallas-based program manager on the process.
Research
Research
Cat losses in Q3 were light as peak hurricane season passes without incident.
Early Q3 earnings reports point to worsening market conditions.
Fronting doesn’t look any better when it’s broken down by segment.
Lighter cat losses a plus, while top-line, organic growth and reserving concerns persist.
Latest news
Latest news
A quick roundup of today’s need-to-know news, including Q3 earnings reports, Brown & Brown and more.
M&A
The Jay Rittberg-led program manager kicked off a strategic process in August.
Howden is facing fallout from its push into the US retail market via mass hires.
Bonnet has spent more than four years at WTW in increasingly senior roles.
Perspectives
Perspectives
When owners are not paying attention, discipline and governance are not top priorities.
Unpacking how much excess capital there really is and dissecting the source of its returns.
Here’s the five-pillar playbook for insurers ready to move from pilots to profit.
Despite elevated ROEs, insurers have remained disciplined.
Interviews
The company is looking to grow through its new MGA incubator program.
M&A
As the Great Japanese M&A Contest develops, the executive said inorganic expansion is “a top priority”.
The MGA is also looking to build out its US mid-market professional liability expertise.
The MGA platform wants to expand into Europe and the UK and grow its wholesale business.
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Analysis
Analysis
Activists from the left and the right are focusing on insurance, often on the same issues.
M&A
Verisk's recent deals and its interest in cyber-analytics firm CyberCube show M&A in the segment has ticked up.
According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
The insurance industry’s lower reliance on foreign skilled workers softens the blow.
Insider on Air
Insider on Air
In Partnership with Arch
Property remains both a challenge and an opportunity for insurers, said Brian Farrell, SVP Program Management Lead, P and C Programs, Arch.
In Partnership with Falvey Insurance Group
MGAs need to remain focused to succeed, said Emmy Falvey, Senior Vice President, Head of Capacity, Falvey Insurance Group.
MultiStrat, the founder of casualty ILS, is focusing on committed capital to grow, said Bob Forness, CEO, MultiStrat.
In Partnership with Swiss Re
Ahead of the upcoming Baden-Baden Reinsurance Meeting, top of mind for many are climate, economy and geopolitics, says Nikhil da Victoria Lobo, Head of P and C Reinsurance for Western and Southern Europe and Middle East and Africa for Swiss Re.
Upcoming webinars
In Partnership With Markel
Join Insurance Insider for a free webinar, in partnership with Markel, 10:30 EST/ 15:30 GMT, Nov 5
In Partnership with Moody's
Join Insurance Insider, in partnership with Moody’s, for a free webinar, 10:30 ET/15:30 GMT, December 2
In Partnership with M&A Services
Join Insurance Insider, in partnership with M&A Services, for a free webinar at 8:30 EDT/15:30 BST on 9 December
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