Integrated Specialty Coverages
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Risk and commission conflicts in quota share agreements push deals further from either party’s interests. -
He served as SVP of transportation at ISC since mid-2024.
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The trucking carrier has been building out its executive team this year.
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It is understood that Sutton National is the fronting carrier sitting behind the facility.
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The MGA platform wants to expand into Europe and the UK and grow its wholesale business.
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Onex is making the investment alongside PSP, Ardian and others.
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The likes of Genstar, Leonard Green and Bain also looked at the program manager.
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Sources said Morgan Stanley has been drafted in to run the auction later this year.
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The MGA secured backing from buyout heavyweight KKR in March 2021.
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Details of the bids are being closely guarded, but sources said they expected a valuation of $400mn or above if a deal is consummated.
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The executive has served in her current role since late 2019, and prior to that, worked with Valen Analytics as president and chief marketing officer.
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The program is available to select brokers in New York, New Jersey, Connecticut, Massachusetts, Pennsylvania and California, with Texas coming soon.
