Ategrity Specialty Holdings LLC is launching an IPO of 6,666,667 shares at an expected price of $14–$16 per share, will convert to a Nevada corporation named Ategrity Specialty Insurance Company Holdings, and has granted underwriters a 30-day option to purchase up to 1,000,000 additional shares.
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MGA Premium Growth in 2024 Marks Fourth Straight Year of Double-Digit Gains
In 2024, managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) in the United States generated $89.9 billion in premium, reflecting a 15% year-over-year increase.
U.S. Business Owners Express Concern Over Tariff-Related Supply Chain Risks
A recent survey conducted by insurance brokerage Gallagher has revealed that a significant majority of U.S. business owners are worried about the potential impact of President Donald Trump’s newly introduced tariffs on their supply chains.
The Art of Selling an MGA — Insights from the Front Lines
What does it really take to sell a Managing General Agency?
JAB Insurance Names Jin Chang as Partner
JAB Insurance has announced that Jin Chang will join the firm in July as a Partner, bringing more than 30 years of insurance experience.
Long COVID Drives Majority of California Workers’ Comp COVID Claim Costs
A recent study by the California Workers’ Compensation Institute (CWCI) has revealed that a small fraction of COVID-19 workers’ compensation claims in California — those involving Long COVID — accounted for the vast majority of claim-related costs during the accident years 2020 through 2022.
House Budget Proposal Projects Major Cuts to Medicaid and ACA Subsidies, Potentially Affecting 15 Million People
A proposed budget bill from the U.S. House of Representatives includes more than $1 trillion in cuts to health care programs over the next decade, with significant implications for Medicaid recipients and Affordable Care Act (ACA) premium subsidies.
PureHealth Expands Daman’s Scope with Entry into Property and Casualty Insurance
PureHealth has announced the expansion of its insurance subsidiary, Daman, marking the company’s entry into the Property and Casualty (P&C) insurance market.
Michigan Adjusts Catastrophic Claims Fees Amid Fund Deficit
Michigan drivers will see changes next month in the annual fees they pay toward the state’s catastrophic insurance claims fund, according to a June 2 report from Michigan Public.
NOAA to Fill ‘Mission-Critical’ Weather Service Roles Amid Deep Staffing Cuts
The National Oceanic and Atmospheric Administration (NOAA) announced Monday that it will begin hiring for “mission-critical field positions” to help stabilize National Weather Service (NWS) operations, following significant workforce reductions earlier this year.