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With the disposal, TIH would amass a robust war chest for a looming MGA consolidation arms race.
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“Consoloonan” are set to return to the public markets over a decade after their last conference call.
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While the alleged fraud is shocking, could it suggest the industry is under-investing in claims?
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House Bill 672 adds regulation to the Louisiana MGA market.
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The wholesaler is shifting its business mix towards delegated underwriting, which should help sustain growth.
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Conditions are coalescing for an uptick in carrier M&A after many subdued years.
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The Longtail Re deal buys the specialty insurer time to secure its future, or an exit for shareholders.
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“Hammer letters” are going around, and insurers are struggling to coordinate on claims handling.
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The play would shrink the check size required, improve alignment, and buy time to prepare for a future IPO or sale.
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The number of nuclear verdicts rebounded to pre-pandemic levels by 2022, USCC data shows.
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The firm’s underwriting performance is hard to piece together from the limited available data.
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Floir has sent more than 20 letters to Florida executives for potential violation of Statute 624.4073.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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The firm will no longer have to compete with one hand tied behind its back.
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From here on out, insurers will likely have to rely on the strength of their individual stories.
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Avoiding an antitrust fight aids execution, but creates uncomfortable optics around the multiple paid.
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Flexpoint secured a higher sum-of-the-parts valuation by facilitating the break-up.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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Challenges include integration, delevering, winning staff over and building a compelling equity story.
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The oversubscription may signal additional capacity waiting on the sidelines.
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Attendees noted the increased presence of service providers and carriers.
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A more business-friendly approach will be offset by increased uncertainty.
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Long-term confidence in the market depends on the details of the new tax rule.
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Reinsurers are reporting stellar 2023 results – what they do with the earnings will be crucial.
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