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MGAs going public is now a viable option, but dominating a market comes first. -
The highest portion of losses was experienced in Alberta.
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The move comes over a year after Aon completed its $13bn purchase of NFP.
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Only GL and workers’ comp had renewal rate increases compared to Q2.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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Admitted carriers on the other hand are still exercising caution as regulatory reforms take hold.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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Former chief growth officer Michael Anderson has taken on the CEO role.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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The executives are based in Seattle and New York.
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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
