News in Focus

One80’s Pesce: Niche expertise vital for PAs’ continued growth

Constrained capacity is hindering some program administrators’ ability to grow, with those that are successful providing niche expertise and not simply capacity, according to Chris Pesce, national programs practice leader for One80 Intermediaries.

Colis: Record TM attendance highlights robust health of delegated authority space

Another record Annual Summit attendance is a reflection of the “incredible growth” of the specialty insurance space and specifically the delegated authority distribution model, with the segment in robust health and no sign of that changing, according to Target Markets president John Colis.

Howden Tiger’s Beard: capital and operational demands will spur fronting carrier M&A

The fronting market is primed for M&A activity, with consolidation among the current 25 or so players in the space needed if they are to meet the balance sheet and operational demands of the fast-growing programs and MGA sectors, according to Howden Tiger’s Matt Beard.

State National’s Case: Fronting capacity tops $10bn amid healthy market for new programs and renewals

State National’s Daniel Case has highlighted the rapid growth of the fronting sector, revealing capacity in the market has surged north of $10bn having more than tripled in the past few years.

One80’s Power: Business diversity key driver behind acquisitions

One80 Intermediaries' Matthew Power has said having a presence in a “broader swath” of the marketplace is the cornerstone of the firm’s M&A strategy.

Emerald UW: “Crucial” capacity relationships key to successful first year

Emerald Underwriting’s Joe Murphy and Dan Houska have lauded the importance of established capacity relationships and the “unbelievable resource” provided by Ryan Specialty as they reflect on the MGU’s first year of trading.

MS Transverse’s Matson: Reinsurers must behave “rationally” at renewals

MS Transverse CEO Erik Matson has cautioned reinsurers not to be “irrational” at renewals and to ensure pricing is "appropriate", as he noted that some have been coming off deals they have been supporting for 10+ years.

MGA XS Global: London has become the “hub of all hubs”

A resurgent London market is the reason that XS Global is opening an office in the Square Mile, according to its co-founder and chief commercial officer Steve Jackson.