Active Projects

Shells
 
Merger & Acquisition Services is considered to be the trusted source for insurance companies and agencies that seek to start up an insurance carrier operation, expand their geographic footprint, or enter the US insurance market. Successfully completing over 100 Insurance Shell Company transactions in the past 10 years, M&A continues to be the leading advisor throughout the United States.
M&A brings a team of senior financial advisors who can assist in all matters of a transaction and are available to discuss the process of buying an Insurance Shell Company or the phases involved in selling an Insurance Shell Company.  
Current L&H Opportunities:

  • Client seeking widely licensed life, annuity or health company
  • Southeast Life Company Going Concern

Current P&C Opportunities:

  • Widely Licensed P&C Admitted Carrier with Commercial Lines
  • Widely Licensed P&C Admitted Carrier with Personal Lines
  • Party seeking widely authorized Excess & Surplus Lines Company

 
Please contact Paul Procops at pprocopsatmaservices [dot] com  to learn more about the process and the opportunities above.

 

Learn more about our Shell Transactions.

 

Distribution
 
The valuation and market for insurance distribution businesses is at an unprecedented peak over the past twelve months, and is expected to remain high for the next six to eighteen months. Industry valuations are driven primarily by private equity capital that has made significant platform investments in the past three years, leveraging 3:1 and 4:1 with historically low interest rate debt. 
 
Further, stock market prices and trading multiples for publicly traded brokerage firms are at all-time highs, allowing the publicly traded acquirers to compete with the private equity aggregators at the higher valuations. This combination of low interest rate leveraged private equity capital and high priced publicly traded companies has created an expansive and competitive landscape for insurance distribution assets, and therefore, increased the multiples of earnings (EBITDA) valuations for small and mid-sized distribution assets. 
 
Currently, the market is priced at approximately a 50% premium to valuations from two to three years ago.  
 
For more information on Distribution or the opportunities listed above please contact Chris Hughes directly at chughesatmaservices [dot] com

 

Learn more about Distribution services

 

Program Insurance

The appetite for MGU/MGA programs will continue to strengthen in 2017. Many carriers have recognized that organic growth will continue to be challenged as rates continue to soften. Mergers and acquisitions will continue to be one source of potential growth. Also, program managers are seeking a second carrier to diversify their book of business, and seeking geographic reach expansion. Carriers have learned that partnering with a quality program administrator can be very profitable. Competition in the program space will continue to grow which will lead to more ingenuity and creative opportunities.
For more information on programs and how our Program Team might help your MGA/MGU, please contact Frank See at fseeatmaservices [dot] com  or Paul Surdel at psurdelatmaservices [dot] com .

Insurance Programs services offered:

  • Represent MGAs/MGUs seeking program insurance carriers.
  • Our program carrier relationships are now over 60 and growing.
  • Represent MGAs/MGUs seeking fronting program insurance carriers requiring 100% quota share reinsurance.
  • Represent wholesale brokers seeking to bundle certain profitable homogeneous books of business into insurance programs.
  • Represent underwriting start-up groups seeking program design and placement consultation.

M&A Recent Programs Placed:

  • Placed an E&S Tier 1 Homeowners program for a southeastern MGA.  Program placed with an “A+” carrier, allowing the MGA to write business in the southeastern and mid-Atlantic states.
  • Placed a Surety contractors bond program for a western MGA.   Program placed with a regional mid-western carrier that was looking to expand their surety writings on the west coast . 

Current Opportunity:

  • Seeking a carrier that is interested in a lawyers professional liability program. Book is currently $12,000,000 in written premium and profitable. The MGA is limited to writing in two states by their current carrier and is seeking a carrier that will allow them to expand their program. 95% of the law firms have 1-5 attorneys.

 

Learn more about Program Business services

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