Strategy
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Carriers underweight in E&S could lead the charge in the next round of M&A. -
The insurer plans to automate around 85% of key functions surrounding underwriting and claims processes.
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The move from Chubb comes at a moment of perceived weakness for AIG.
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The executive said maintaining capacity is the main challenge in a soft market.
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The deal is slated to close in the first quarter of 2026.
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The company has been growing rapidly since the summer, with at least 300 currently employed.
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The retail heavyweight uses around 1,000 trading partners to access the wholesale channel.
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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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With property getting more competitive, FM pursued an opportunity for growth in E&S with Velocity.
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The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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The capacity deal comes over a year after Dual recruited Marilena Rodriguez Forero as CEO for the region.
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The timing is unhelpful as the global insurer tries to get on the front foot with M&A.
