“We always have 20 to 25% of the risk on our AVA minimum... it's like that MGA model, except we have skill on our Lloyds syndicator side as well.”
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Said on InsurTech Geek Podcast
Age of the MGA Podcast · S2E21 | What It Really Takes to Build a Successful MGA feat. Tim Quayle of OneAdvent
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carriers invest in early-stage MGAs to capture value and secure distribution as the MGA grows
“We always have 20 to 25% of the risk on our AVA minimum... it's like that MGA model, except we have skill on our Lloyds syndicator side as well.”
“And there's a number of players that I think, yeah there's one carrier who I think have invested in six businesses across our platform.”
“We're currently investing out of our fifth fund and primarily spend all of our time, like I mentioned, early stage. So really everyone from having an idea up until series A companies”
“We take things that are growing but lacking distribution, and we give them a bigger platform.”
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