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The MGA opened the door for potential growth via M&A besides organic growth, team hires and carrier carve-outs.
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This is up from the $300mn in capacity the MGA secured in 2024.
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Volante joins capacity providers Allianz and Tokio Marine Kiln.
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A London wholesaler broker would be a compelling second move.
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The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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The exec said the feds have been given data to potentially pursue criminal charges.
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With the added capacity, the MGA can offer up to $35mn per risk.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint.
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In The Car offers embedded auto insurance by integrating policies into dealership management systems.
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The exchange is backed by $100mn in funding from CD&R and others.