Transactional liability | Insurance Insider US

The decision follows a string of recent moves – including M&A and new entrants – that have changed the TL vertical.

This publication exclusively revealed the $1bn deal last November.

The US CEO said the acquisition will be “truly transformative” for its TL clients.

Atlantic’s founders are to become Howden shareholders.

Sources said the deal will value the US M&A insurance broker at over $500mn.

Insurance Insider US reviews Euclid’s process and recent events in US MGA and retail broking.

The broker said R&W rates rose to 2.8% in Q2 vs 2.5% in Q1.

Longbrook Insurance will write multiple lines of business.

It is understood that the MGA wants to start with renewable energy and transactional liability.

Bonnet has spent more than four years at WTW in increasingly senior roles.

The company is looking to grow through its new MGA incubator program.

Other MGAs in the transactional-liability class are also expanding into the US.

The MGA secured a “significant strategic investment” from Zurich earlier this year.

The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.

This follows the news that AmTrust will spin off some of its MGA businesses.

The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.

The executive joins from MSIG USA.

Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.

Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.

Hasnaa El Rhermoul will be SVP at Ethos Transactional, sources said.

This publication revealed two years ago that EQT could lodge a $1bn claim.

The executive said the floor on D&O pricing is in sight.

This is the New York-based firm’s first acquisition since launching in 2024.

Michael Mora was appointed North America CEO just over a year ago.