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The launch would mark the first MGA entry into Lloyd’s via the new framework. -
She is set to lead the company’s US growth strategy as it expands into the admitted lines cyber market.
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Tracy Wade reports to programs senior vice president Tim Chesson.
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The underwriter’s four remaining units will become part of the expansive US MGA platform, in K2’s first non-US acquisition.
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The transaction will be part-financed through a recently announced debt facility.
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The partnership will initially offer traditional crop insurance products and then expand.
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A memo seen by this publication says the Dubai-based MGA plans to relaunch its energy operation.
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The expansive MGA platform bolsters its senior team with the hire of Mark Smith from the Marsh-owned business.
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James Dover takes the Adeptive CEO role, with Jeff Bright CUO and Chilton non-executive partner.
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The transaction is Brown & Brown’s eighth of the year.
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Brian Hanuschak was previously president of the MGU’s North America business.
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Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.
